Crypto News
Binance Expands Spot Trading with New Pairs and Trading Bots
Binance introduces new trading pairs and trading bot services on its Spot platform, enhancing user experience. Eligible users can trade pairs like APE/USDC and enjoy special USDC promotions. (Read More)Source link
Can DAOs Be Sued? Insights From Lido’s Recent Case
According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may inSource link
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Binance to Revise Tick Sizes for USDⓈ-M Perpetual Futures Contracts
Binance announces upcoming adjustments to tick sizes for multiple USDⓈ-M Perpetual Futures Contracts effective November 28, 2024, aiming to enhance market liquidity and trading experience. (Read More)Source link
Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead
Bitcoin's (BTC) bullish momentum has hit a snag this week for several reasons, including a weaker stateside demand. Now, the Australian dollar-Japanese yen exchange rate or the AUD/JPY pair, the classic risk barometer, has turned south again, signaling caution to risk asset bulls.The Australian dollar (AUD), a commodity currency, is a proxy for global economic health, particularly for emerging markets and China. On the other hand, the Japanese yen (JPY) is seen as a safe-haven currency that investors turn to during times of stress. Thus, a decline in AUD/JPY is considered a risk-off signal.Matt Simpson, an analyst at The City Index, summed it up in his analysis as follows: "As AUD/JPY is a classic barometer of risk, we should take...