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Solana Blockchain Sees Over $5.6 Billion Bridged in Past Year
According to Odaily, recent data disclosed by SolanaFloor on the X platform reveals that over the past year, more than $5.6 billion has been bridged to the Solana blockchain. A significant portion of this amount, approximately $4 billion, originated from Ethereum. This substantial movement of funds highlights the growing integration and interaction between Solana and other blockchain networks, particularly Ethereum.
The data underscores Solana's increasing role in the blockchain ecosystem, as i
Bitcoin(BTC) Surpasses 95,000 USDT with a 1.68% Increase in 24 Hours
On Nov 28, 2024, 11:39 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 95,000 USDT benchmark and is now trading at 95,007.46875 USDT, with a narrowed 1.68% increase in 24 hours.
Hong Kong to Propose Stablecoin Regulation and AI Policy in Finance
According to Odaily, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, announced plans to introduce a bill regulating stablecoin issuers to the Legislative Council within this year. This move aims to establish a clear regulatory framework for stablecoins, which are digital currencies pegged to traditional fiat currencies. The initiative is part of a broader strategy to enhance the financial market's stability and security.
UK Tax Authority Faces Challenges In Valuing Seized NFTs
According to DLNews, nearly two years after British officials seized three non-fungible tokens (NFTs) in a tax fraud investigation, the UK's tax authority is still grappling with how to value these digital assets. Since the 2022 operation, no additional NFTs have been seized, and Her Majesty’s Revenue and Customs (HMRC) is in the preliminary stages of developing methods to appraise the worth of NFTs. The agency disclosed this information in response to a Freedom of Information request, stating t
Federal Reserve Likely To Maintain Current Interest Rates Until December
According to Odaily, the CME's 'FedWatch' tool indicates a 30% probability that the Federal Reserve will keep the current interest rates unchanged until December. Meanwhile, there is a 70% chance that the Fed will cumulatively cut rates by 25 basis points. This forecast reflects ongoing market analysis and expectations regarding the Federal Reserve's monetary policy decisions in the coming months. The data suggests that while there is a significant likelihood of a rate cut, the possibility of ma
Crypto-Related Stocks Show Mixed Performance In Pre-Market Trading
According to Odaily, the pre-market trading session for U.S. crypto-related stocks displayed a mixed performance. Notably, the T-Rex 2X Long MSTR Daily Target ETF experienced a significant surge, rising by 12%. Meanwhile, the iShares Bitcoin Trust saw an increase of 1.8%, and MicroStrategy's stock climbed by 1.5%. Riot Platforms also reported a gain, with its shares up by 2.4%, while CleanSpark's stock rose by 2.2%. Marathon Digital Holdings showed a slight increase of 0.04%.
BNB Surpasses 660 USDT with a 6.19% Increase in 24 Hours
On Nov 28, 2024, 11:08 AM(UTC). According to Binance Market Data, BNB has crossed the 660 USDT benchmark and is now trading at 661.179993 USDT, with a narrowed 6.19% increase in 24 hours.
Bitcoin's Potential Surge to $100,000 Sparks Simulation Theory Debate
According to U.Today, Robert Leshner, CEO of Superstate, has expressed that if Bitcoin reaches the $100,000 mark on November 28, it would make him reconsider his stance on simulation theory. Leshner stated, "I don’t believe in Simulation Theory, but if it happens that would convince me." Historically, Bitcoin has crossed significant milestones on November 28, achieving $1,000 in 2013 and $10,000 in 2017.
Currently, Bitcoin is trading at $95,505, just 4% shy of the $100,000 milestone. The concep
Trezor Achieves Record Sales as Bitcoin Nears $100K
Trezor sees a 600% surge in hardware wallet sales, driven by Bitcoin’s price rally, growing self-custody awareness, and new product launches.Trezor’s Best Sales Week Ever Coincides With Bitcoin SurgeTrezor, the pioneering bitcoin hardware wallet company, has celebrated its most successful sales week in history. This milestone aligns with Bitcoin’s meteoric rise, approaching the $100,000 mark. A combination of a new bull market, heightened interest in cryptocurrencies, and a shift toward self-cus
Celsius to Initiate Second Fund Distribution to Creditors
According to CoinDesk, Celsius is set to commence a second distribution of funds to its creditors, as detailed in a court filing dated November 27. The distribution will total $127 million, provided in either bitcoin (BTC) or USD, and will be allocated across five creditor classes. These classes include retail borrower deposit claims, general earn claims, withhold claims, unsecured loan claims, and general unsecured claims. Each eligible creditor is expected to receive 60.4% of the value of thei
Aptos Blockchain Sees Significant Increase In USDT Supply
According to Odaily, the supply of USDT on the Aptos blockchain has seen a notable increase. Since the beginning of this month, the amount of USDT has surged from approximately 20 million tokens to around 100 million tokens. This growth highlights a significant rise in the use and demand for USDT within the Aptos network, reflecting broader trends in the cryptocurrency market.
The increase in USDT supply on Aptos suggests a growing confidence in the blockchain's capabilities and its potential t
Binance Market Update: Top Stories November 28, 2024
According to CoinMarketCap data, the global crypto market cap is $3.3T, a 1.88% increase over the last dayBitcoin (BTC) traded between $92,848 and $97,208 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,312, up by 1.46%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include THE, ENS, and AMP, up by 2150%, 45%, and 33%, respectively.Top stories of the day:Binance TH Achieves ISO 27001 and ISO 27701 Certifications, Strengthening Trust in
Institutional Interest in Tokenized Products Grows, PwC Survey Reveals
According to Foresight News, a recent survey by PwC indicates that approximately 41% of institutional investors have shown interest in tokenized products over the past 12 months. These products include tokenized gold, real estate, and other commodities. This growing interest highlights the potential for tokenization to become a significant bridge between traditional finance and digital assets in the coming years.
OSL's Executive Director and Head of Regulatory Affairs, Diao Jiajun, commented on
According to PANews, a substantial volume of Bitcoin (BTC) and Ethereum (ETH) options is set to expire soon, with a combined notional value of approximately $10.85 billion. This includes BTC options with a notional value of $9.4 billion and a put-call ratio of 0.83, indicating a significant level of activity in the options market. The maximum pain point for these BTC options is identified at $80,000.
In addition, ETH options nearing expiration hold a notional value of $1.45 billion, with a put-
UK Approves Former Minister's Advisory Role At Bitcoin Venture Firm
According to Cointelegraph, an advisory committee in the United Kingdom has approved former high-ranking minister John Baker to assume a paid advisory position at Bitcoin-native venture capital firm Axiom. This decision follows a satisfactory background assessment conducted by the Advisory Committee on Business Appointments (ACOBA). The government record, published on November 28, reveals that Baker sought ACOBA's advice regarding his new role in the private sector as an adviser with Axiom.
Bitcoin Price News: Bitcoin (BTC) Metrics Signal Bull Market Is Far From Overvalued
Bitcoin’s valuation metrics point to a sustained bull market, with analysts eyeing a potential target of $146,000 as retail activity remains subdued.Bitcoin's (BTC) Metrics Suggest Bull Market StrengthBitcoin’s (BTC) valuation metrics signal that the cryptocurrency’s bull market is far from over, despite recent price corrections. Analysts from CryptoQuant highlight that (BTC) is not showing the typical overvaluation patterns seen during previous market tops. The data suggests Bitcoin could rally
South Korea to Strengthen Measures Against Money Laundering in Virtual Assets
According to PANews, South Korea's Financial Services Commission (FSC) Chairman, Kim Byoung-hwan, has announced the government's intention to implement robust measures to prevent virtual assets from becoming a loophole in the anti-money laundering system. This announcement was made during the 18th Anti-Money Laundering Day ceremony.
Kim Byoung-hwan highlighted the frequent misuse of virtual assets in illegal activities, underscoring the need for stringent regulations. He emphasized that the gov
According to BlockBeats, the BitVol Index, which measures the expected 30-day implied volatility derived from tradable Bitcoin options prices, decreased to 63.51 on November 28, marking a daily decline of 0.8%. This index is a collaborative effort by financial index company T3 Index and options trading platform LedgerX.
The BitVol Index provides insights into the market's expectations of future volatility by analyzing the implied volatility embedded in actual option prices. Implied volatility i