#Halving will be started after few hours. What will happen once halving is started. Halving is just an event which needs to happen for the good of crypto. 1: Mega drop is expected in market in next 72 hours. 2: People will start hating crypto. 3: people will stop talking about crypro after some some time. 4: After 4 to 6 months market will start to rise again. $BTC $BNB $ETH #Megadrop #Token2049 #bitcoinhalving #Memecoins
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Tokenized trading project Neutral and DLT Finance, a German brokerage firm, have built a blockchain-backed exchange for carbon credits – financial instruments that represent forests and renewable energy products that businesses can use to offset their carbon footprint.
The tokenized real-world asset (RWA) project isn’t the first to bet that blockchain can improve the multibillion-dollar carbon credit market. However, it is the first to secure regulatory approval – specifically from Germany’s financial regulator BaFin – to operate the exchange.
“We didn’t see anyone building the market infrastructure that would allow for traditional traders to interact with these assets,” Neutral CEO Farouq Ghandour said in an interview. He said his company is the “tech provider,” and DLT Finance provides “the regulatory backbone.”
The product removes the blockchain from the end-user experience. Basically, the 10 commodity trading houses and brokers that Ghandour said are being onboarded won’t need to think about tokenizing this or decentralizing that – and they certainly won’t need a MetaMask wallet.
Instead, the exchange will aim to be just like any other buttoned-up platform for commodities swaps, Ghandour said, with much better liquidity for large-scale trades than one might find on decentralized exchanges (DEX).
“There’s a lot of reluctance to work with DEXs," Ghandour said, explaining why the crypto world’s existing blockchain-based carbon markets haven’t really caught on – and how his might. He said it’s very important for financial institutions to have a regulated counterparty.
Solana-based goose-themed meme coin Honk debuted on January 13, starting a rivalry with Solana meme coin Bonk. Honk meme coin project states it has only one goal to flip Bonk in market cap and price. HONK is inspired by the viral video game “Untitled Goose Game.”
Can Honk Flip Bonk? The recent growth of the Solana ecosystem was backed substantially by meme coins Bonk, Dogwifhat, Myro, and others. Honk tries to flip Solana’s top Bonk meme coin, which currently has a $613 million market cap.
Bonk has a huge following and holders after the recent airdrop, which even caused Solana Mobile Saga smartphone to go sold out as people rushed to buy the smartphone to get free BONK airdrops.
Meanwhile, Honk has a market cap of just $11.44 million and a max token supply of 1 billion. Interestingly, Honk has a unique tokenomics structure, featuring a 0% tax on transactions, making it a user-friendly and attractive investment.
Honk said the Instagram advertising campaign for the meme crypto was a massive success, pushing it into the trending sections for both CoinMarketCap and Solana.
Where Can You Buy HONK? HONK meme cryptocurrency is available to purchase on crypto exchanges including Raydium, Orca, Poloniex, Jupiter, LBank. The listings have caused a prompt buying of HONK as the meme coin project plans to conduct surprise airdrops in the few months.
MEXC has announced the listing of HONK, becoming the third centralized exchange to list HONK. MEXC will list the meme coin in HONK/USDT trading pair. Users can start trading on February 7 at 04:00 UTC.
Honk asserts there will be many more listings coming in the future as the community continues to expand and demand for it continues to rise.
HONK Price Rally While BONK Fades
HONK price rallied over 800% after debut last month, but gave some gains. The price is still trading above 400% and trading at $0.01236. It hit a high of $0.02472 from the all-time low price of $0.002431.
According to Martin Folb, a cryptocurrency influencer who goes by as MartyParty on X (formerly Twitter), the managers of the FTX estate need to provide more clarity on their handling of the bankruptcy process. Folb believes more funds are circulating within the FTX system than the current managers are paying to affected victims.
So if @FTX_Official current management and bankcrupcy people are paying creditors $18 a $SOL but they sold it for $50-100 where does the difference go? Where is that money? I think its billions of dollars?👀
The lawyers are making $40m a day in fees. Are they paying themselves…
— MartyParty (@martypartymusic) February 5, 2024 In a recent post on X, Folb noted that FTX’s current managers and bankruptcy handlers are paying creditors $18 per SOL. However, they sold their SOL tokens for between $50 and $100. Folb thinks that the volume of SOL tokens sold by FTX reflects an inflow of several billion dollars. Hence, he asked what was happening to the difference.
Folb questions the earnings of the lawyers handling the FTX bankruptcy case. According to the influencer, FTX lawyers pay themselves $40 million daily in fees, an amount he considers outrageous and unacceptable.
Folb highlighted a March 2023 report by The Kobeissi Letter, an X account that comments on the global capital markets. The report noted that FTX lawyers charged $38 million for legal fees in the month of January 2023, rather less than $40 million per day claimed by Folb. It also highlighted that the amount was split across over 200 lawyers working on the FTX case.
The Kobeissi Letter extended its report beyond FTX, noting that outrageous legal fees are not peculiar to FTX. The report listed other notable crypto-related fines and lawsuits in 2023 alone, including Coinbase, Binance, Silvergate, Terraform, and many more.
$BTC Binance will pay users of the crypto platform from $10,000 to $5 million for information that allows them to identify corrupt employees. Binance co-founder Yi He announced that the exchange is revising its token listing procedures and creating a reward pool for reporting reliable information about corrupt personnel.
On social network X, she said that the exchange administration is extremely concerned about rumors in the crypto community about the corruption of some of the company’s employees. In particular, we are talking about the discussion related to the recent collapse in the price of Ronin (RON) tokens after listing on Binance. The token of the gaming blockchain project of the same name grew in price by more than 30% a week before the announcement, and an hour after Binance announced the listing, it collapsed by more than 26%.
Some members of the crypto community cited the leak of proprietary information inside Binance as the reason for the sharp drop in RON. In their conclusions, they refer to the opinion of Coinbase director Conor GROGAN, who stated that two weeks before the listing, several crypto wallets were actively buying Ronin tokens. Grogan suggested that the wallets may be linked to members of the Binance listing team.
$BTC 1. Bitcoin has been trading relatively stable around $43,000 levels. 2. Bitcoin options data indicates the potential for upcoming price volatility. 3. A significant block trade in the Bitcoin options space has caught analysts' attention. 4. The trade involved purchasing February Strangles and selling April-wide Strangles, with a notional value of $260 million. 5. The investor behind the trade anticipates a substantial market movement of 10% or more in February, with uncertainty about its direction. 6. Analysis shows a shift from a short volatility to a long volatility stance. 7. Traders are cautioned about short volatility positions due to the potential 10% swing based on the block trade. 8. BTC's major term option implied volatilities have dropped below 40%, making the market conducive for cost-effective buying. 9. The cryptocurrency interest rate market is seeing increasing leverage levels, with opportunities for individuals to re-enter the lending market. 10. Bitcoin witnessed $703 million in net inflows last week, driven by growing demand for Bitcoin ETFs, and is increasingly seen as a trusted store of value asset compared to gold.
The bid-ask spreads on major U.S. exchanges like Coinbase and Kraken have tightened post-spot ETF approvals, indicating enhanced market liquidity and depth, according to analysts at Kaiko.
1. Post-approval, bid-ask spreads for Bitcoin (BTC) have significantly decreased, reflecting improved market liquidity and deeper trading activity. 2. Kraken experienced the highest volatility in spreads during January, reaching a peak of 10 basis points on Jan. 20. 3. Spreads on Bitstamp and Coinbase peaked between Jan. 8 and Jan. 13 at 6.7 and 1.7 basis points respectively, before dropping below 1 basis point recently. 4. The trend extends beyond U.S. markets and Bitcoin, as the average bid-ask spread for the most liquid BTC and Ethereum (ETH) trading pairs has also declined across various crypto exchanges. 5. Coinbase and Kraken witnessed the strongest decline in spreads, while Binance and OKX saw a less pronounced drop. 6. The approval of spot exchange-traded funds (ETFs) is expected to fuel competition among exchanges, with Coinbase already announcing fee waivers for large traders to further reduce spreads. 7. The U.S. Securities and Exchange Commission (SEC) greenlit all spot Bitcoin ETF applications, despite Chairman Gary Gensler's critical stance on cryptocurrencies. 8. Gensler reiterated that the SEC "did not approve or endorse Bitcoin," despite approving spot ETFs. 9. The tightening of bid-ask spreads signals a positive impact on market liquidity and trading efficiency post-ETF approvals. 10. Analysts anticipate increased competition among exchanges and further innovations in trading practices as a result of the ETF approvals. $BTC $ETH
Mysterious Bitcoin Whales Send $910 Million in BTC to Coinbase Institutional
Major cryptocurrency tracker Whale Alert has detected four mammoth-sized Bitcoin transfers going to Coinbase Institutional from anonymous cryptocurrency wallets.In the meantime, 13 small BTC transfers have been made to withdraw 19,161 Bitcoin to unknown addresses, including several new Bitcoin wallets.21,681 BTC deposited to Coinbase Institutional; 19,161 BTC withdrawnThe aforementioned blockchain sleuth spotted four astounding transfers, carrying 9,783, 1,100, 3,000 and 7,798 Bitcoin to Coinbase Institutional from unknown cryptocurrency wallets. The total worth of these transfers in fiat amounts to more than $909 million.🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 9,783 #BTC (410,129,201 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/aNn6K2yypa— Whale Alert (@whale_alert) January 26, 2024Coinbase Institutional is a platform run by the Coinbase exchange, and it combines an advanced custody and trading platform with prime services provided by the aforementioned leading U.S. cryptocurrency exchange.However, the Whale Alert tracking platform also registered 13 transactions that moved a total of 19,161 Bitcoin from this premium platform — chunks carrying between 1,200 and 1,479 BTC each to anonymous cryptocurrency wallets. Some of those wallets were tagged by Whale Alert as new ones.Grayscale continues to sell BTCNow as the global leading cryptocurrency Bitcoin is striving to hold above the $41,000 level and has been making moves showing high volatility, crypto whales are taking advantage of these ups and downs to make profitable trades.Besides, Grayscale continues to sell Bitcoin, sending it out to centralized exchanges, and its customers continue to exit their Bitcoin Trust (GBTC). According to recent data presented by Chinese crypto blogger and journalist Colin Wu, on Thursday, Grayscale’s spot Bitcoin ETF faced an outflow of $671 million in BTC with a daily turnover totaling $656 million.Grayscale Bitcoin spot ETF GBTC had a net outflow of US$671 million on January 26, with a single-day turnover of US$656 million, setting a record for this ETF's largest single-day net outflow. Grayscale ETF’s cumulative net outflows have reached $5.46 billion, and it still holds…— Wu Blockchain (@WuBlockchain) January 27, 2024This was the biggest net outflow for this Bitcoin ETF made within a single day. By now, the overall outflows from Grayscale Bitcoin Trust have topped $5.46 billion worth of Bitcoin. The fund still holds a whopping $20 billion worth of Bitcoin.Bitcoin price breaks above $42,000On Friday, Bitcoin printed several green candlesticks to ascend above the $42,000 mark once again, showing a 5.67% rise. However, a slight decline of 1.56% followed, taking Bitcoin down.Still, the flagship cryptocurrency is holding well above the $41,000 level, changing hands at $41,544 at the time of this writing.
Dubai’s DFSA Approves XRP for Virtual Asset Services in DIFC
Ripple, a prominent name in the field of enterprise blockchain and cryptocurrency solutions, recently announced an important development regarding the approval of its digital asset #XRP for use within the Dubai International Financial Centre (DIFC), with the authorization of the Dubai Financial Services Authority (DFSA). This announcement represents a significant milestone in the cryptocurrency and blockchain industry, as it allows licensed virtual asset firms operating within the DIFC to incorporate XRP into their range of virtual asset services. The approval of XRP is particularly noteworthy because it marks the first virtual asset to receive approval from the DFSA since the initiation of external applications. XRP now joins the ranks of other well-known cryptocurrencies like BTC (Bitcoin), ETH (Ethereum), and #LTC (Litecoin) as assets previously approved under the DFSA's virtual assets framework. The United Arab Emirates (UAE) has consistently demonstrated its forward-thinking approach to promoting regulatory clarity and guidance for licensed firms offering virtual asset services. The comprehensive framework established by the DFSA within the #DIFC underscores the regulator's commitment to nurturing the long-term growth of the crypto, payments, and fintech ecosystem in Dubai. This approach not only facilitates innovation but also provides valuable guidance for companies seeking to establish a presence in the #DIFC. Dubai's commitment to creating a favorable regulatory environment is further exemplified by the establishment of the Virtual Assets Regulatory Authority (VARA), which plays a crucial role in safeguarding investors, maintaining high levels of assurance, and encouraging innovation. Ripple's dedication to Dubai is evident through the company's decision to establish its MENA headquarters in the DIFC in 2020. This decision was primarily influenced by Dubai's progressive regulations, extensive network, and reputation as a global financial hub. A substantial portion of Ripple's clients, including SABB, Qatar National Bank, Lulu Financial Holdings, Al-Ansari Exchange, and RAK Bank, are based in Dubai.
Invite your friends and create your micro-community Since the Ice network is based on trust, we recommend inviting your friends so that you can all enjoy a 25% bonus on the base mining rate. Growing up your micro-community builds trust across the network, which means higher earnings for everybody.
"#Ice" is an innovative digital currency that has introduced a new way for users to mine it for free using their mobile phones. The #IceCrypto project aims to restore trust in the digital asset space while fostering a sense of community among individuals who may not have the financial means to mine Bitcoin or who have entered the cryptocurrency scene relatively late. This initiative represents an exciting development in the cryptocurrency world, offering an accessible and inclusive way for individuals to participate in the world of digital assets, potentially providing opportunities for those who were previously excluded from the traditional cryptocurrency mining landscape. However, as with any new project, it is crucial to conduct thorough research to understand the project's technology, team, and community support to assess its legitimacy and potential risks. Always exercise caution when exploring new cryptocurrency opportunities to make informed decisions about your participation. #Cryptocurrency #DigitalAssets
Certainly! Here's an article about Ice, the innovative digital currency you can mine with your mobile phone.
**Title: Exploring Ice: The Digital Currency Revolution on Your Mobile**
In the fast-paced world of cryptocurrency, a new contender has emerged, and it's unlike any other. Meet "#ICE #iceearn #ice-earn #ice.2 ," the cutting-edge digital currency that you can mine for free using your mobile phone. In this article, we'll dive into the fascinating world of Ice, exploring what it is, how it works, and how you can get started.
**What Is Ice?**
Ice is not just another cryptocurrency; it's a unique digital currency designed to be accessible to anyone with a smartphone. It's part of a decentralized network, making it a promising player in the crypto sphere. Ice's community-driven approach is one of its standout features. Users can join the Ice network via an invitation from an existing trusted member, which fosters a sense of trust and community right from the start.
**How Does Ice Work?**
Mining Ice is not only free but also remarkably easy, to the extent that even your grandpa can do it. The Ice network operates on a mobile app that is compatible with both Android and iOS devices. The process of mining doesn't consume any additional resources or battery, which sets it apart from traditional cryptocurrency mining. This eco-friendly approach makes it a sustainable option for those who want to participate in the crypto world without the associated energy costs.
To get started with Ice, you need an invitation from an existing trusted member of the network. This invitation can be your gateway into the world of Ice and grant you access to the app. The uniqueness of Ice lies in its community of trust and the belief that digital currencies can retain and grow in value. The decentralized nature of the network adds a layer of security and transparency.
**The Icing on the Cake: Using Promo Code "ice.2"**
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