Pertains to trading in cryptocurrencies, including strategies, tools, platforms, and trading pairs.
PostFinance, a Swiss govt-owned bank, now offers trading for $XRP, $SOL, $AVAX, $ADA, and $DOT. This follows their 2023 partnership with Sygnum Bank to provide regulated crypto services. Switzerland’s Crypto Valley in Zug strengthens its leadership in digital assets.
An anonymous trader turned $9,923 into over $3.05M in 30 minutes by trading the BAKED meme coin on the Solana network, highlighting the volatile yet lucrative nature of meme coin investments. Analytics firm Lookonchain revealed BAKED was quickly acquired by few wallets. #Crypto #Update
Crypto derivatives like futures and options are risky and complex, especially with crypto’s volatility. Platforms like Thalex offer tools and “paper trading” to simplify this, aiming for broader market participation. #Crypto #Update
Coinbase seeks CFTC approval to offer altcoin futures, including $SHIB and $AVA, by July 15. This move aims to diversify its offerings and attract institutional investors by ensuring a regulated environment. #CryptoNews
Upcoming token unlocks will release $118M worth of $OP, $SUI, and $ENA into the market on June 30 and July 1, likely causing bearish price movements. Optimism will unlock 31.34M tokens, Sui 69.30M, and Ethena 14.89M. #Update
Crypto wealth platform Yield App, backed by AGE Crypto and Alphabit, to shut down on June 28, 2024, due to FTX-related losses. Portfolio hit by defunct FTX and Swiss hedge fund Tyr Capital’s risk failures. #Update #CryptoNews
Binance (@binance) adds 7 new FDUSD trading pairs, including $ETHFI, $MEME, and $PYTH, offering zero-fee trading based on VIP levels. Listed tokens saw price hikes, with $PYTH surging 6.21% and $MEME rising 4.97%. #Update
The imminent approval of the U.S. Spot Ethereum ETF could see trading start by July 2. Experts forecast a $2.8 billion investment, about 15-20% of Bitcoin ETFs. $ETH is up 1%, now at $3,387.68. #Update #EthereumETF
Dog-themed meme coin $WIF surged 23.7% to $1.89 after a month-long decline. Daily trading volume jumped 114% to over $700M, with social activity up 78%. RSI improved from 24 to 34, hinting at more gains. #Update
YieldMax files with the SEC to launch an Ether Option Income Strategy ETF on NYSE Arca, using a synthetic covered call strategy. Managed by Tidal Investments and sub-advised by ZEGA Financial. Awaiting SEC’s decision on Spot Ethereum ETFs. #CryptoNews
HashKey Global secures Bermuda Monetary Authority approval to launch a futures trading platform on June 19, offering Bitcoin ($BTC) and Ethereum ($ETH) futures with up to 10x leverage. The platform aims to ensure secure, regulated trading. #CryptoNews
Cboe VP Rob Marrocco says Solana ETFs are unlikely without a futures market or regulatory clarity. The absence of futures markets for Solana and XRP is a key barrier. Regulatory framework progress from the FIT21 Act could help. #CryptoRegulation #Update
An anonymous trader lost over $341K in under a minute by trading 2,500 $SOL for 91,705 DJT tokens, allegedly linked to Donald Trump. Speculation of insider trading is rising, with one wallet now holding DJT valued at $1.56M. #CryptoRisks #Update
AI investments surpass cryptocurrency, says BIT Mining’s Youwei Yang. AI projects now attract more funding, while crypto assets trade within narrow price ranges. Juan Leon from Bitwise predicts combined market growth of AI and crypto could reach $20T by 2030. #Update #AI #Crypto
