Crypto News
Trump’s Re-Election and Bitcoin ETFs Propel BTC Towards $100K
Donald Trump's re-election and successful Bitcoin ETFs have significantly boosted Bitcoin's value, with potential implications for global crypto markets and tokenized capital systems. (Read More)Source link
Taiko Announces Continuation of Liquidity Royale with Enhanced Rewards
Taiko's Liquidity Royale: TVL Masters Edition extends into Season 3, offering increased rewards for top liquidity providers. The competition aims to boost TVL and network stability. (Read More)Source link
Bitcoin’s $100K Breakout Pause Likely Due to Liquidity Factors and Nvidia’s Stalled Rally
For the third week, bitcoin (BTC) remains locked in a price range between $90,000 and $100,000, punctuated only by Dec. 5's short-lived rise into six figures.
This indecisive price action might have left traders feeling uninspired, with two key reasons holding back the upside.First, the influx of liquidity into the crypto market through channels like spot exchange-traded funds (ETFs) has significantly slowed, taking the wind out of the bullish momentum.The weekly rate of change in the so-called market liquidity impulse index, which tracks stablecoin mints, inflows into BTC ETFs and changes in futures market parameters, has more than halved to $7 billion from highs above $15 billion seen early last month, according to data tracked by 10x Research."This slowdown in liquidity...
Stablecoins Becoming Increasingly Viable as Staking Collateral, Research Shows
The research, which focuses on Circle’s USDC stablecoin, is part of a series of posts on restaking by crypto research firm Gauntlet. USDC Provides Unique Benefits as Restaking Collateral Restaking – the practice of staking cryptocurrencies like ether (ETH) on multiple protocols to generate additional yield – can now be accomplished with ERC20 tokens, includingSource link
Binance Partners With Circle to Push USDC Stablecoin Adoption Across the Globe
Binance, the world's largest cryptocurrency exchange, has formed a strategic partnership with stablecoin giant Circle to accelerate global adoption of the USDC stablecoin, the companies said on Wednesday at Abu Dhabi Finance Week.Through the partnership, Circle's USDC will be more extensively available to over 240 million customers for trading, savings and payments. Binance will also adopt the second-largest stablecoin as "a vital dollar stablecoin" for its own corporate treasury, according to a press release."Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance," Binance CEO Richard Teng said in a statement.Staunch competition for growth exists between Circle,...