Crypto News

Crypto majors zoomed higher in the past 24 hours as the market entered a widely expected bullish year, with bitcoin (BTC) inching above $95,000 to shake off losses from last week.A CoinDesk analysis from Tuesday flagged unusually high trading volumes for XRP stemming from South Korean exchanges, which has historically acted as a harbinger for price volatility with a bias to the upside.XRP surged 11% to lead growth among majors as of Thursday, led by $1.3 billion worth of trading volumes on Korea-focused exchange UpBit.Among other majors, Cardano’s ADA, Solana’s SOL and Chainlink’s LINK added as much as 8%. Ether (ETH) and BNB Chain’s BNB rose 3%, while memecoins dogecoin (DOGE) and shiba inu (SHIB) added 5%.The broad-based CoinDesk 20...

Singapore is solidifying its lead as Asia’s top crypto hub, with expanding regulations and a surge in licensed institutions drawing major global digital asset firms. Singapore Strengthens Position as a Crypto Powerhouse Singapore is reinforcing its status as a leading cryptocurrency hub through the Monetary Authority of Singapore’s (MAS) comprehensive regulatory approach. With over 200Source link

Traders are no longer chasing upside in Nasdaq-listed MicroStrategy (MSTR), a leveraged play on bitcoin (BTC), signaling a cautious shift in market sentiment.MSTR's 250-day put-call skew, which shows the difference in implied volatility between puts (options to sell) and calls (options to buy), has bounced to zero from -20% in three weeks, according to a data tracking website Market Chameleon.It means that call options, which traders use to achieve asymmetric upside gains from a potential rally in the underlying asset, are now trading at parity with puts that offer downside protection rather than the unusually high premium observed three weeks ago.In other words, the sentiment has flipped to neutral from uber-bullish.The change comes as MSTR's share price has declined by...

Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) is deepening its foray into the crypto ecosystem.Garanti BBVA Kripto, a crypto custody platform operated by Garanti BBVA — Turkey’s fifth largest bank, which as of December 2023 was almost 86% owned by BBVA — will soon be providing crypto trading services to the general public. Bit2Me, a crypto exchange founded in Spain in 2014, will be used as the bank’s trading execution center.And now that the Markets in Crypto-Assets (MiCA) regulation is in full effect across the European Union, the partnership between BBVA and the crypto exchange is a strong signal of more things are brewing on the horizon, according to Abel Peña, Bit2Me’s chief sales officer.“I believe in 2025 we...

Render Network's 2024 achievements include token upgrades, expanded 3D tool support, AI integrations, and significant community growth, setting the stage for 2025. (Read More)Source link