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HashKey Global has launched perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX), offering up to 10x leverage and a capped funding rate. The platform also gained regulatory approval for Bitcoin and Ethereum futures trading from the Bermuda Monetary Authority.
Japanese investment firm Metaplanet joins Bitcoin For Corporations, an initiative by @MicroStrategy and @BitcoinMagazine, to promote global Bitcoin adoption. This move highlights the strategic importance of Bitcoin in the corporate sector. #Bitcoin #Update
Justin Sun, founder of Tron DAO, unstaked 1,768 ETH ($5.9M) from Lido and moved 810 ETH ($2.7M) to Poloniex. This comes as Ethereum ETFs face major outflows, raising concerns about Ethereum’s market stability. ETH remains stable between $3,300 and $3,400.
CoinShares’ McClurg suggests Bitcoin be added to U.S. strategic assets, calling it a “global currency for the Internet.” He warns of challenges like addressing the U.S. deficit and managing the 200,000 BTC held by the government. #Bitcoin #Update
The U.S. SEC amended its complaint against Binance, Binance.US, and Changpeng Zhao, stating no need to rule on third-party crypto asset securities like Solana, Cardano, and Polygon at this time. This follows a court order that BNB and BUSD secondary sales are not securities.
BlackRock CIO Samara Cohen revealed that the firm has no plans for a Solana ETF or any other crypto ETF soon, stating only Bitcoin and Ethereum meet their criteria. Major fund houses might include crypto ETFs in model portfolios by late 2024. BlackRock recently launched an Ethereum ETF, ETHA, driving significant inflows.
Mt. Gox has started test transfers of 0.02 BTC and 0.0001 BTC from its address to new addresses, preparing to move 80,128 BTC worth $5.35B. This follows the recent distribution of nearly 50K BTC to creditors. Creditors’ withdrawal issues are mostly resolved. #Update
Bitcoin critic Peter Schiff predicts the US, under President Biden, will sell all its Bitcoin holdings. This follows a $2B transfer of seized Bitcoin to new wallets. The move aims to prevent former President Trump from using it strategically if re-elected. #CryptoNews
Senator Cynthia Lummis proposes a bill to address the $35T national debt by establishing a strategic reserve of 1M Bitcoins, managed by the Treasury. Endorsed by Trump and Kennedy, the plan aims to strengthen the dollar and hedge against inflation.
US government moved $2B in seized Bitcoin, speculated to involve Coinbase due to a $32.5M partnership. Analysts suggest a 5-year distribution plan, not immediate sale. Despite BTC dip, trading volume surged 57% to $39.36B. #CryptoNews
Ethereum layer 2 network Base upgraded its gas target to 10MGas/second, boosting transactions per block and attracting developers. TPS exceeded 50 for the first time. Node operators are urged to enhance CPU and Disk I/O performance. Major growth and efficiency improvements expected.
21Shares integrates Chainlink’s Proof of Reserve to verify Ethereum ETF reserves, enhancing transparency and security for investors. This partnership, announced by CEO Johann Eid, enables real-time, decentralized verification, marking a significant advance in digital asset trust and adoption.
Jito (JTO) has surpassed Lido (LDO) in 24-hour fee generation, earning $3.27M compared to Lido’s $2.94M. However, Lido still leads weekly fees with $20.83M against Jito’s $11.12M. JTO rose 0.58% to $3.16.
Dogecoin’s ‘mother of Kabosu’ introduces new Shiba Inu, Neiro, but clarifies no endorsement for new meme cryptocurrencies except @ownthedoge. Three new Neiro-themed coins compete, with one Solana coin seeing 5,169x gains amid ‘honeypot’ suspicions. Long-term success remains uncertain.
