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πŸ—ž CryptoNews of the Day πŸ—ž

Ethena Labs Partners with Bybit to Enhance USDe as Collateral and Spot Trading: Ethena Labs, a leading provider of synthetic assets, has announced a strategic partnership with Bybit, a prominent cryptocurrency exchange.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/ethena-labs-partners-with-bybit-to-enhance-usde-as-collateral-and-spot-trading

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Solana Gains 5%, While Bitcoin and Ethereum Experience Minor Dips: While most of the top cryptocurrencies are trading sideways or slightly down, Solana (SOL) stands out with a nearly 2.28% increase over the past day.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/solana-gains-5percent-while-bitcoin-and-ethereum-experience-minor-dips

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Starknet Foundation Launches $5 Million Grant Program: The Starknet Foundation has unveiled a new grant program aimed at supporting new projects on Starknet.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/starknet-foundation-launches-dollar5-million-grant-program

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Revolut Launches Revolut X Crypto Trading Platform for UK Retail Customers: Revolut, the global fintech company and neobank, has made a significant entry into the cryptocurrency space with the introduction of Revolut X.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/revolut-launches-revolut-x-crypto-trading-platform-for-uk-retail-customers

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Visa Claims that 90% of Stablecoin Transaction Volumes Are Not Initiated by Humans: Visa, in collaboration with enterprise blockchain data provider Allium, has unveiled a new data dashboard aimed at addressing the issue of "inorganic activity".

πŸ‘‰Details: https://coinmarketcap.com/academy/article/visa-claims-that-90percent-of-stablecoin-transaction-volumes-are-not-initiated-by-humans

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Volatility Risk Premium Indicates Potential Stability for Bitcoin Post-Halving: A new indicator called the volatility risk premium (VRP) is indicating a period of low volatility in the market.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/volatility-risk-premium-indicates-potential-stability-for-bitcoin-post-halving

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Major US Banks Collaborate with Mastercard to Test Tokenized Banking Settlements: Mastercard, a leading payment processing and settlement company, has partnered with major US banking institutions.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/major-us-banks-collaborate-with-mastercard-to-test-tokenized-banking-settlements

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Standard Chartered: Trump's Potential Re-Election Could Benefit Bitcoin: A research note released by Standard Chartered suggests that if Donald Trump secures a second term as the President of the United States in November.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/standard-chartered-trumps-potential-re-election-could-benefit-bitcoin

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Traders Increase Short Positions as Grayscale Withdraws Ethereum Futures ETF Application: The price of Ethereum (ETH) has been hovering near a crucial support level at $3,010, experiencing a 2.57% drop over the past 24 hours, according to CoinMarketCap data.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/traders-increase-short-positions-as-grayscale-withdraws-ethereum-futures-etf-application

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FTX Claims Surge Above Par Value Following Estate's Recovery Plan: Claims related to the bankrupt crypto exchange FTX have witnessed a remarkable surge, with their prices exceeding 100 cents on the dollar.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/ftx-claims-surge-above-par-value-following-estates-recovery-plan

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VanEck Launches MEMECOIN Index To Track Top Meme Tokens: VanEck, a prominent asset management firm, has joined the memecoin frenzy by introducing a new index focused on this highly popular category of tokens.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/vaneck-launches-memecoin-index-to-track-top-meme-tokens

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Tokenizing Fiat Currencies Holds Tremendous Potential, Says Tether Co-Founder: William Quigley, the co-founder of stablecoin giant Tether and decentralized exchange WAX, believes that the tokenization of fiat currencies is a groundbreaking innovation.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/tokenizing-fiat-currencies-holds-tremendous-potential-says-tether-co-founder

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US President-Related Memecoins Experience Surges Following Trump’s NFT Gathering: In the past 24 hours, memecoins inspired by former and current U.S. presidents, Donald Trump and Joe Biden, have witnessed significant surges in value.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/us-president-related-memecoins-experience-surges-following-trumps-nft-gathering

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Bitcoin Mining Difficulty Faces Largest Downward Adjustment Since 2022: Bitcoin (BTC) is facing the risk of breaking down below $61,000, as it tested familiar trendlines for support, causing a decline in its price.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/bitcoin-mining-difficulty-faces-largest-downward-adjustment-since-2022

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European Regulators Considers Crypto's Inclusion in €12T Investment Market: The European Union's security watchdog, the ESMA, is actively exploring the possibility of integrating cryptocurrencies into the vast €12 trillion investment product market.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/european-regulators-considers-cryptos-inclusion-in-euro12t-investment-market

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Crypto Market Sees Lackluster Performance as Bitcoin Struggles to Regain Momentum: In what has been a rather uneventful week for the crypto market, most cryptocurrencies experienced a downward trend.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/crypto-market-sees-lackluster-performance-as-bitcoin-struggles-to-regain-momentum

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Wells Fargo Ventures into Crypto with Bitcoin ETF Investments: Wells Fargo, one of the prominent banking institutions in the United States, has revealed its foray into the world of cryptocurrencies.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/wells-fargo-ventures-into-crypto-with-bitcoin-etf-investments

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Lightning Labs Conducts Successful Tests Enabling Stablecoins on Bitcoin Blockchain: Lightning Labs, the developer behind Bitcoin's Lightning Network, has conducted successful tests of a protocol aimed at enabling stablecoins to be issued on the Bitcoin blockchain.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/lightning-labs-conducts-successful-tests-enabling-stablecoins-on-bitcoin-blockchain

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Bitcoin’s Runes Protocol Witnesses Declining Activity and Fee Revenue: The Runes protocol, known for enabling the creation of fungible tokens on the Bitcoin blockchain, has experienced a significant decrease in activity since its initial week of trading.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/bitcoins-runes-protocol-witnesses-declining-activity-and-fee-revenue

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Bitcoin Options Data Indicates Expectations of Price Surge Towards Highs by End June: Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/bitcoin-options-data-indicates-expectations-of-price-surge-towards-highs-by-end-june

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2024/05/14 01:47:43
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