The New York Stock Exchange (NYSE) has teamed up with Coindesk Indices to develop cash-settled options contracts that track bitcoin prices. These contracts, based on the Coindesk Bitcoin Price Index (XBX), are currently in the planning stage and awaiting regulatory approval. NYSE and Coindesk Indices Forge New Path With Bitcoin Options Contracts The proposed New…
Nearly a year after launching on Ethereum, PayPal’s stablecoin PYUSD is being introduced on the Solana blockchain. This move will enable users to choose between multiple blockchain networks, providing greater flexibility and control over their transactions and holdings. PayPal Brings PYUSD to Solana According to the official announcement, PayPal highlighted Solana’s ability to handle a…
TL;DR The price of one frog-themed cryptocurrency rose 130% in the past month, hitting an all-time high of $0.09 and a market capitalization of $900 million. Analysts predict further gains and a potential market cap surge towards the $1.5 billion mark. The Next Crypto Sensation? The ever-evolving meme coin sector spews new tokens quite frequently,…
A constant consolidation near the substantial resistance region of $7.4 indicates an ongoing battle between Polkadot buyers and sellers. Nevertheless, the market is in a critical spot, with the upcoming price action shedding light on DOT’s future prospects. Technical Analysis By Shayan The Daily Chart A detailed examination of Polkadot’s daily chart reveals an uncertain…
The new PlayDoge ($PLAY) presale has kicked off with a bang, having raised $250K in its opening day. With the project introducing a new Play-to-Earn (P2E) game to the meme coin market, PlayDoge is well-positioned between two hot crypto narratives, hinting a successful run is on the horizon. Its native $PLAY token hosts numerous utilities,…
Bitcoin’s price has yet to break out of the large descending channel and move toward a new record high, but a further rally is highly probable. Still, BTC failed to overcome the psychological $70,000 line earlier this week decisively. Technical Analysis By TradingRage The Daily Chart On the daily chart, the asset has been rallying…
[PRESS RELEASE – Tel-Aviv, Israel, May 29th, 2024] Addressable has released the results of a case study showing the efficacy of Web3 user acquisition on Twitter (X) as a part of a Polkadot marketing push. The data shows Addressable’s methodology to be significantly more accurate than Twitter’s native solution for reaching web3 users. Developed to…
According to a recent report by Glassnode, long-term Bitcoin holders have resumed accumulation. This is the first time this has happened since December 2023 and follows a period that saw several months of selling. Spot ETFs Drive Market Resurgence “Residing just shy of its all-time high, Bitcoin continues to consolidate, with long-term holders beginning to…
The cryptocurrency market is abuzz with excitement as new developments and predictions unfold. Shiba Inu (SHIB), known for its vibrant community and meme-inspired origins, is set to double its gains according to recent price predictions. Simultaneously, Option2Trade (O2T) has made headlines with an instant rally following its Centralized Exchange (CEX) listing. This article explores the…
U.S. spot bitcoin exchange-traded funds (ETFs) saw another day of inflows on Tuesday, marking the 11th consecutive day of gains. Despite reports suggesting Blackrock’s IBIT holds more bitcoin than Grayscale’s GBTC, IBIT’s official website shows the fund still needs 322.28 BTC to surpass GBTC. While the web portal was updated on May 28, there may…