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Month: June 2024
Ethereum
Ethereum’s Path to $10,000: Analysts Weigh in on the Most Asymmetric Bet in Crypto
TLDR Ethereum’s price reaching $10,000 is considered the most “asymmetric bet” in the current crypto market by some analysts, representing a potential 194% increase from current levels. Institutional inflows from the first spot Ether ETFs, […]
Blockchain
Binance Launches Referral Program with Up to 500 USDT in Rewards for Copy Trading
Binance has announced a new referral program in conjunction with the launch of its Spot Copy Trading feature, offering participants the chance to earn up to 500 USDT in token […]
Business
Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA
Share this article New York-based crypto exchange Uphold will discontinue support for several stablecoins, such as Tether (USDT), Dai (DAI), and Frax Protocol (FRAX), in anticipation of the upcoming Markets in Crypto Assets (MiCA) regulation, […]
Technology
Polygon Unveils Supernets, $100M Grants Package
Key Takeaways Polygon has announced a new developer framework called Supernets. Supernets will help bootstrap enterprises looking to build applications on both private and public blockchain networks. The Polygon team has also announced a $100 […]
Altcoin
Important Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17
TL;DR Bitcoin’s price has been on a downtrend lately, but indicators like negative exchange netflow and a declining MVRV ratio suggest a potential bullish reversal. The SEC reduced its penalty demand to $102.6 million from […]
Market Analysis
Binance to list ZKsync with token distribution program amid widespread criticism
Key Takeaways Community criticism on the ZK airdrop stemmed from a lack of Sybil attack prevention and the alleged disproportion in distribution. Binance will list the trading pairs starting 8AM UTC today, alongside a token […]
Bitcoin
Here is How Much Bitcoin (BTC) Drake Lost Betting on the NBA’s Final
TL;DR Drake suffered a substantial crypto loss after betting on the Dallas Mavericks to win the NBA finals. Additionally, he placed another $500,000 BTC bet on the Edmonton Oilers to win the NHL Stanley Cup […]
Mining
US-listed Bitcoin miners hit record $22.8 billion market cap amid stock surge
Publically traded Bitcoin mining companies in the US briefly reached a combined market cap of $22.8 billion on June 15 amid a surge in their stock price during June. According to a recent analysis by […]
Technology
US SEC Commissioner Supports Tokenization
US Securities and Exchange Commission’s (SEC) Mark Uyeda recently highlighted the transformative potential of tokenization in modern capital markets. Speaking at the 30th Annual International Institute for Securities Market Growth and Development, Uyeda emphasized how […]
