The native asset of crypto exchange Bitget (BGB) is closing in on a market cap of nearly $8 billion after the token surprisingly sparked an 844% rally in 2024. According to current data, BGB is trading for $5.64 at time of writing, a 15% increase during the last 24 hours. BGB launched in 2021 and …
Yearly archives: 2024
Crypto.com Announces Launch of New Custody Service for High Net Worth Clients in US and Canada
The Singapore-based digital asset exchange giant Crypto.com plans to offer custody services for high-net-worth individuals and institutions in the US and Canada. This week, the exchange announced the launch of a US trust company to enable the new services. Crypto.com also plans to shift all US and Canadian customer digital assets to the new trust …
Russian firms turn to Bitcoin, stablecoins for global trade amid sanctions
Russia is actively using Bitcoin and other cryptocurrencies to counteract the impact of Western sanctions on its economy, Reuters reported on Dec. 25. The report cited Finance Minister Anton Siluanov, who recently stated that Russian companies have begun to utilize digital currencies, particularly Bitcoin mined within the country, for international transactions. He reportedly said: “As part …
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Israeli firms set to introduce Bitcoin mutual funds, aligning with global crypto trends
Israel is set to introduce six Bitcoin-linked mutual funds on Dec. 31, marking a significant step in the country’s crypto investment landscape. local media outlets Calcalist and Globes reported.s The funds were introduced by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI. According to the report, the Israel Securities Authority (ISA) approved these …
Bitcoin options OI hits $44B as futures trading cools
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Bitcoin sees brief rebound to $99,000 on Christmas day
Bitcoin climbed past $99,000 on Christmas day, driven by renewed optimism that energized the market. According to CryptoSlate’s data, the leading digital asset gained over 5% in the last 24 hours, recovering from a weekly low of $92,973. At the time of writing, Bitcoin was trading at $98,000, showing the rebound wasn’t long-lived after days …
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Meme Index ($MEMEX) Launches ICO for First Decentralized Meme Coin Index
New meme coin index project Meme Index ($MEMEX) has launched its highly anticipated ICO, raising over $410,000 within the first few days. 2024 has been a strong year for meme coins – reaching a collective market cap of $137 billion, a 58% increase from $86.5 billion in 2023. Unlike utility tokens or DeFi projects, meme …
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Crypto Shake-Up: Bitcoin ETFs Plummet as Ether Funds Surge Ahead
On Christmas Eve, the 12 spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $338.38 million, while the nine spot ether ETFs enjoyed inflows of $53.54 million. Bitcoin ETFs Falter as Ether ETFs Rally in Market Tug-of-War Tuesday marked the fourth consecutive day of losses for the spot bitcoin ETFs, with $338.38 million leaving the sector. …
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Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?
The “Santa Claus rally” seems to be behind the broader crypto market’s rebound today. Bitcoin (BTC) soars from $93,835 to $98,441, and altcoins follow suit, with Bitget (BGB) recording some of the most impressive weekly gains among the top 25 coins. Bitget’s partnership with TRON, which saw it invest $10 million into TRX and announce …
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3 Crypto Titans—Blackrock, Grayscale, and Fidelity—Dominate 85% of US Bitcoin ETF Reserves
Eleven months and thirteen days ago, the U.S. welcomed its first spot bitcoin exchange-traded funds (ETFs) into the fold of traditional finance (tradfi). Since their debut, these ETFs have not only broken records but have also amassed more than a million bitcoins. Surging Spot ETFs Spark Power Shift in Crypto Investments The launch of these …
Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender
PRESS RELEASE. The blockchain world is buzzing, and for good reason—Lightchain is making waves as the ultimate Ethereum contender. Powered by cutting-edge technology and unmatched community engagement, the presale for Lightchain’s native token, LCAI, has been nothing short of explosive. With Stage 9 well underway and over $5.3 million raised, it’s clear that crypto investors, …
CryptoQuant CEO Says Using Strategic Bitcoin Reserve To Offset US Debt Is Feasible, Calls the Approach Practical
The chief executive of the digital asset analytics firm CryptoQuant thinks a national strategic Bitcoin (BTC) reserve could offset US debt. Ki Young Ju tells his 389,600 followers on the social media platform X that $790 billion in realized capital inflows have ballooned Bitcoin’s market cap to $2 trillion over the past 15 years. “This …
Robinhood CEO Vlad Tenev Predicts Stock Market Will Move On-Chain in Merging of Crypto and Equities
Robinhood CEO Vlad Tenev is predicting that stocks and other traditional finance (TradFi) assets will eventually move on-chain like cryptocurrencies. In a new interview with investor Anthony Pompliano, Tenev says that the efficiencies gained by using blockchain technology make its adoption by traditional finance inevitable. He also predicts that US President-elect Donald Trump and his …
Everything Setting Up for Crypto Bull Market Top in 2025, Says Pantera Capital’s CEO – Here’s His Timeline
The CEO of digital assets-focused investment firm Pantera Capital is predicting that the crypto market’s bull cycle will peak in 2025. In a new interview on the Bankless podcast, Dan Morehead says that Bitcoin’s (BTC) price patterns continue to be based on the four-year halving cycle. A Bitcoin halving event is when miners’ block rewards …
Bitcoin ETFs saw $338 million in outflows on Christmas Eve
US Bitcoin spot exchange-traded funds (ETFs) have faced four consecutive days of withdrawals, ending with notable outflows on Christmas Eve. Data from SoSovalue on Dec. 24 shows that ETFs saw recorded combined outflows of $338.4 million on Christmas Eve. BlackRock’s iShares Bitcoin ETF led this decline, suffering its largest single-day outflow of $188.7 million. Fidelity’s …
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