Author: News Room
As the price of the flagship cryptocurrency Bitcoin ($BTC) hovers around the $99,000 mark the Coinbase Premium Index, which measures the price difference between BTC on Coinbase and other exchanges, has “disappeared.” According to a post from CryptoQuant analyst “maartunn,” the index disappeared “as soon as Bitcoin tagged $98,000,” which means that spot exchange-traded funds (ETFs) will have to “step up” to “keep the price elevated.” Source: CryptoQuant The Coinbase premium index is an indicator showing the price gap between Coinbase’s BTC/USD trading pair and Binance’s BTC/USDT pair. When the premium is positive, it shows buying pressure on the exchange…
Sui, a Layer-1 network, announced a new partnership with investment firm Franklin Templeton. This partnership includes capital investment in Sui and support for the firm’s blockchain development. Despite a few vague details, the exact nature of the working relationship between the two companies remains unclear. Sui Partners Franklin Templeton Sui, the prominent Layer-1 blockchain, recently partnered with investment firm Franklin Templeton. This partnership will prioritize supporting a developer ecosystem rather than focusing directly on SUI development. The firm claimed Franklin Templeton has been supporting blockchain projects since 2018, and its CEO has espoused blockchain technology. “Franklin Templeton Digital Assets has…
BTC and XRP challenge securities classifications as a legal expert argues underlying assets are distinct from investment contracts, intensifying calls for regulatory clarity in crypto markets. BTC and XRP Lead Legal Shift in Crypto Investment Contract Standards A well-known advocate in the cryptocurrency community, John E. Deaton, has strongly criticized the conflation of crypto assets […] Read the full article here
Layer-1 blockchain Aptos (APT) has announced a plan to integrate fintech giant Stripe’s payment services and the stablecoin USDC. Stripe’s payment services will provide a fiat on-ramp for the Aptos network, according to a new press release from the layer-1 project. Circle chief executive Jeremy Allaire says the new development is part of the stablecoin company’s efforts to scale USDC. “USDC + CCTP + Aptos = high-performance, very powerful programmable money infrastructure. Excited for the upcoming launch!” Stripe reemerged in the crypto sector last month when it rolled out support for USDC settlements. The payments giant previously enabled payments made…
Bitcoin spot ETFs reportedly saw huge net flows on the 21st of November. As per the data from SoSoValue, Bitcoin ($BTC) exchange-traded funds recorded $1.005B in cumulative inflows while Ethereum ($ETH) ETFs witnessed -$9.05M in outflows. Bitcoin’s substantial inflows indicate growing appeal among institutional investors. $BTC ETFs Record $1.00B in 1-Day Net Inflows with $IBIT Accounting for $608.41M In line with the data, the single-day ETF inflows of Bitcoin reached $1.00B on November 21. The list of the top $BTC spot gainers includes $IBIT, $FBTC, and $BITB. Hence, $IBIT cumulatively added $608.41M to lead the ETF market. Following that, $FBTC’s…
Sui Foundation has recently made an important partnership agreement with Franklin Templeton Digital Assets, which will help develop DeFi solutions on the Sui platform. This will give the Sui ecosystem developers support and additional guidance in enhancing blockchain solutions and products. Read the full article here
A crypto whale has spent 10,790 Solana ($2.62 million) to purchase 6.13 million $SLERF perps. That’s according to data shared by Lookonchain, on November 21st, 2024. As per the on-chain analytics, the big investor sold his Solana worth $2.62 million to buy $SLERF. He purchased after Binance listed the meme coin on its trading platform. The investor bought 6.13 million $Serf tokens at an average price of $0.427 from Binance, after making a withdrawal of $2.62 million (worth 10,790 Solana tokens). Why big investors stocking up on small tokens $SLERF is one of the major Solana-based meme coins experiencing steady…
Crypto investor Raoul Pal has shared a bullish outlook for Solana (SOL), suggesting the altcoin could see further gains despite recently reaching a new all-time high. His prediction coincides with two new ETF filings featuring SOL, which could increase the cryptocurrency’s demand and visibility in mainstream markets. For investors, this forecast aligns with Solana’s expanding ecosystem and growth. The key question remains: How high can SOL rise before hitting the ceiling of this bull cycle? Pal Expects Solana to Continue Climbing Pal’s comment after SOL’s price climbed above its previous peak of $260. According to the investor, who is also…
Teresa Goody Guillen, the potential next Securities and Exchange Commission Chair has highlighted the major changes coming into the agency under Trump’s presidency. Guillen shared her enthusiasm for making “SEC great again!” and “crypto great again!” on her X post, while sharing the press release about Gary Gensler’s departure from the position. She says that “SEC must restore trust, engage with industry, and end regulation by enforcement” while chanting Trump’s popular slogan. Furthermore, she pointed towards SEC’s reformation towards protecting investors and staging America as a prominent country on the world’s financial front. “It’s time to knockdown needless obstacles, remove…
In this weekly analysis of meme coins, BeInCrypto observed that these tokens experienced mixed results. While some tokens saw gains, others grappled with significant losses. Peanut the Squirrel (PNUT) and AI-created Goatseus Maximus (GOAT) were among the week’s underperformers, both experiencing significant price drops. In contrast, Bonk (BONK) defied market trends, securing its place as one of the top-performing cryptocurrencies. Here’s a detailed recap of the week’s developments. Peanut the Squirrel (PNUT) At the beginning of the week, PNUT’s price was $1.94. However, the meme coin’s value has since decreased by 33%. This significant decline could be attributed to selling…