Crypto News
Binance Develops LDUSDT: An Asset That Lets Users Earn Rewards While Trading Futures
Binance has announced the upcoming launch of LDUSDT, a new reward-bearing margin asset designed for users of its Simple Earn USDT Flexible Products. This asset allows users to convert their subscribed USDT Flexible assets into margin assets for futures trading while simultaneously earning annual percentage rate (APR) rewards at the same prevailing rate. LDUSDT isSource link
Thailand Targets Foreign P2P Crypto Platforms in New Legal Overhaul
The SEC’s new rules block unregulated foreign P2P crypto platforms, with violators facing up to 3 years in jail and a 300,000 baht fine.Source link
Crypto Daybook Americas: Memecoins, AI, DeFi Lead the Rebound as Tariff Concerns Ease
By Omkar Godbole (All times ET unless indicated otherwise)The crypto market consolidated on Wednesday's tariff pause-spurred price bounce with memecoins, AI and DeFi tokens standing out as the best-performing crypto sub-sectors. Coins including HYPE, HBAR and SHIB led the recovery.Bullish technical patterns and a sharp overnight pullback in Treasury market volatility, as represented by the MOVE index, suggested further gains are in the offing. The China-sensitive Australian dollar extended Wednesday's gain, offering positive cues to risk assets. U.S. equity futures, however, did not reflect that optimism, trading more than 1% lower.Another note of caution showed in derivatives data. LTC, TON, BCH, BNB and PEPE were the only coins with 24-hour growth in open interest, validating price recovery. Open interest in...
Sweden Discusses Possibility of Including Bitcoin in Foreign Reserves
In a written inquiry to Minister of Finance Elisabeth Svantesson, MP Rickard Nordin asked about the possibility of including bitcoin as part of Sweden’s foreign reserves. Nordin also proposed funding it with bitcoin seized by police and customs authorities. Sweden Discusses Including Bitcoin as Part of Its Foreign Reserves Sweden is the latest country toSource link
Ether Whale Dumps $22M of ETH After 9 Years
Ether (ETH) fell to a two-year low of $1,412 this week and the volatility appears to have been too much for one long-time holder, who sold of the majority of their stash acquired at around $8 in 2016.On-chain data shows that the wallet in question swapped 14,015 ETH for $22 million USDC over a 15-hour period on decentralized exchange Uniswap.The investor also sold 6,630 ETH in May 2022 and 4,035 ETH in June 2023 — each time during a major market dip. This time was no different with ETH having just tumbled from a cycle high of $4,000 in December. They still hold 521 ETH valued at $830,000.ETH has rebounded in line with the wider market on Thursday, currently...