Author: News Room

Donald Trump’s victory signaled a vital shift in crypto sentiment, moving from cynicism to a defiant belief in the growth of cryptocurrencies in the U.S. Crypto to Witness Massive Gains Under Trump Presidency Bybit, a cryptocurrency exchange, and Blocks Scholes published their latest institutional report with key takeaways from the U.S. election and the crypto market’s reaction to America’s first “crypto president.” The publication noted that institutional investors have developed a desire to acquire more bitcoin with promising economic conditions, and potential rate reductions all favorably influencing bitcoin’s future, given its growing link with macro assets. The report analysis also…

An advisory committee of the Commodity Futures Trading Commission has voted in favor of allowing tokenized assets to be used as collateral for margin trading. The CFTC’s Global Markets Advisory Committee forwarded the recommendation around these blockchain or distributed ledger technology assets via its digital assets markets subcommittee, according to a press release on Nov. 21. The proposals will now proceed to the full GMAC Committee, with the next steps to be determined by the CFTC, the U.S. derivatives markets regulator. This development could lead to tokens of money-market funds like BlackRock’s BUIDL and Franklin Templeton’s FOBXX being used as…

MetaMask, a leading Ethereum wallet, launched its new Gas Station feature, enabling users to conduct token swaps without needing ETH for gas fees. This feature, also known as gas-included swaps, is now live for MetaMask Extension users on the Ethereum mainnet, with a mobile rollout planned soon. The initiative aims to simplify transactions, removing a longstanding barrier for users within the decentralized finance (DeFi) ecosystem. For many web3 users, running out of ETH to cover gas fees has been a frustrating hurdle. Traditional solutions involve purchasing ETH on centralized exchanges and transferring it to on-chain wallets. However, this process is…

Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete payments. Chinese banks now require documentation confirming that goods will be sent directly […] Read the full article here

Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins. Martinez tells his 85,900 followers on the social media platform X that BNB, the native token of the BNB Chain ecosystem, could skyrocket by 164% from the current level if it manages to convincingly break above a major resistance level. “BNB could be about to break out. I’m waiting for a weekly close above $662 for a potential move to $1,630!” BNB is trading at $617 at time of writing. Next up is Bitcoin. According to Martinez,…

[PRESS RELEASE – Seychelles, Seychelles, November 22nd, 2024] In the expansive world of cryptocurrency trading, BYDFi is focused on providing users with a premium trading experience and attractive rewards. By registering and completing simple tasks, users have the opportunity to unlock rewards of up to 8100 USDT, providing an accessible way to explore the cryptocurrency trading market. Kickstarting Trading Opportunities: 100 USDT No-Threshold Registration Bonus + 8000 USDT High-Stakes Challenge Fund To help new users quickly accustom themselves to the platform, BYDFi has introduced a series of simple tasks. After registering, users can claim a 100 USDT bonus by completing…

Texas-based fitness maker Interactive Strength plans to allocate $5 million in Bitcoin as part of its treasury strategy. Interactive Strength, a maker of specialty fitness equipment, said Thursday its board has approved allocating up to $5 million in Bitcoin (BTC), subject to a cap of 25% of the company’s average daily cash holdings over the past three months. In a Nov. 21 press release, the Austin-headquartered company said it plans to hold Bitcoin as a treasury reserve asset, saying the cryptocurrency’s “inflation-resistant characteristics may make it a reliable asset as a functional store of value.” Interactive Strength CEO Trent Ward…

Cellula, a blockchain gaming platform backed by OKX Ventures and Binance Labs, is securing its renown in the decentralized finance scene, recently outperforming every other protocol in 24-hour revenue. Data from Defi Llama shows Cellula has generated an astonishing $179 million in 24-hour revenue on Nov. 21, placing it ahead of other top protocols like Tether, Solana, and Raydium. Protocol fees | Source: Defi Llama According to data from Defi Llama, about $8.95 million of this figure directly benefits holders. However, Jito, a liquid staking protocol operating on Solana, follows distantly with $15.55 million in fees and $621,829 in revenue.…

Recently, GT Protocol has teamed up with Units Network, the blockchain protocol providing modular solutions to enable everyone in the crypto and web3 sectors to have better access to investments. Units Network 🤝 GT ProtocolWe’re thrilled to partner with @GT_Protocol, a cutting-edge Web3 platform revolutionizing access to DeFi, CeFi, and NFT markets through its AI-powered, all-in-one conversational interface 🧠Together, we’re building a network integration to make… pic.twitter.com/2qDkMCtzuj — Units.Network (@UnitsNetwork) November 21, 2024 GT Protocol ($GTAI) is among the most often used distributed artificial intelligence products of 2024. It makes use of outstanding artificial intelligence technology and offers consumers help…

A savvy crypto whale, known for their precise trading moves, is back in the spotlight with a series of high-profile transactions. This time, the trader has pivoted from $POPCAT to $BONK and $GIGA, securing millions in profits and sparking market intrigue. In the past two days, the whale spent 3.4 million USDC to acquire a staggering 65.4 billion $BONK tokens. This purchase aligns with their history of timely market entries, raising speculation about the potential for $BONK’s price movement. The aggressive accumulation reflects the trader’s confidence in $BONK’s trajectory as they capitalize on their earlier $POPCAT successes. The smart whale…