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πŸ—ž CryptoNews of the Day πŸ—ž

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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Bitcoin Price Touches $63,000 Ahead of US Inflation Reading: Bitcoin (BTC) gained 2.80% over the past 24 hours, touching $63,098, ahead of the release of United States macroeconomic data this week.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/bitcoin-price-touches-dollar63000-ahead-of-us-inflation-reading

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North Korean Hackers Deploy New Malware "Durian" to Target South Korean Crypto Firms: A recent report from cybersecurity firm Kaspersky reveals that North Korean hackers, specifically the Kimsuky group, have been using a new and notable malware variant named "Durian".

πŸ‘‰Details: https://coinmarketcap.com/academy/article/north-korean-hackers-deploy-new-malware-durian-to-target-south-korean-crypto-firms

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El Salvador Launches Real-Time Bitcoin Treasury Tracker, Holding $360 Million Worth of BTC: El Salvador has introduced a proof-of-reserves website that offers tools for monitoring the country's Bitcoin holdings using on-chain data.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/el-salvador-launches-real-time-bitcoin-treasury-tracker-holding-dollar360-million-worth-of-btc

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Chinese Authorities Bust $295M Underground Cryptocurrency Exchange: Chinese authorities have cracked down on an underground bank involved in illegal currency exchange operations between the Chinese yuan and the South Korean won.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/chinese-authorities-bust-dollar295m-underground-cryptocurrency-exchange

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US Spot Bitcoin ETFs Regain Net Inflow of $116M After One Month of Outflows: Spot Bitcoin ETFs in the United States experienced a turnaround as net inflows of $116.8 million were recorded last week, following four consecutive weeks of outflows exceeding $1 billion.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/us-spot-bitcoin-etfs-regain-net-inflow-of-dollar116m-after-one-month-of-outflows

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Odds of Ethereum Spot ETF Approval Are β€œSlim to None,” Says Bloomberg Analyst: The crypto world anxiously awaits the U.S. Securities and Exchange Commission's (SEC) pivotal ruling on the approval of a spot Ethereum ETF, scheduled for May 31st.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/odds-of-ethereum-spot-etf-approval-are-slim-to-none-says-bloomberg-analyst

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Philippine Peso-Backed Stablecoin, PHPC, Granted Approval for Pilot by Central Bank: Coins.ph, a digital currency exchange based in the Philippines, has received approval from the country's central bank to conduct a pilot program for its Philippine Peso-backed stablecoin.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/philippine-peso-backed-stablecoin-phpc-granted-approval-for-pilot-by-central-bank

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2024/05/15 17:59:41
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