Gekocrypto Crypto News

Binance Unveils BFUSD: A High-Yield Asset For Futures Traders Bitcoin LTHs Hit 5-Month High in Selling, but BTC’s Rally Stays Strong Best Crypto to Buy Today: UFC Champion Alex Pereira New BDAG Ambassador | BTC and ETH ETF Hype Best 5 Cryptos Ready to Skyrocket – The Best Buys Before Bitcoin Hits $100,000 Crypto meltdown sends TrumpCoin (DJT) crashing over 90% South Korea imposes new supervisory fees on top exchanges Unbreakable Sell Wall at $100K as BTC Price Slumps, Traders Switch to HBAR and DTX Exchange for Christmas Gains Binance HODLer Airdrop launches Movement: Here’s How to Participate Ethereum Spot ETF Sees $98M Inflow Amid Bullish Market Moves Tether Labels Celsius Lawsuit a “Meritless Shakedown”

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Binance Unveils BFUSD: A High-Yield Asset For Futures Traders

Binance has announced the upcoming launch of BFUSD, a new reward-bearing margin asset designed specifically for Binance Futures users. Offering an impressive annual percentage yield (APY) of 19.55%, BFUSD allows users to earn daily rewards without the need for staking. Simply holding BFUSD in a UM Wallet will unlock these benefits, making it a game-changer in the world of crypto trading. Unlike stablecoins, BFUSD is a unique margin asset that combines high collateralization rates with flexibility, enabling users to use it as collateral for trading. Rewards will be generated through a combination of delta-hedging spot and futures positions to capture...

20.11.2024

Bitcoin LTHs Hit 5-Month High in Selling, but BTC’s Rally Stays Strong

Bitcoin is on the verge of reaching a historic milestone, with its price inching closer to the coveted $100,000 mark. This remarkable rally has fueled optimism among investors, signaling Bitcoin’s continued dominance in the cryptocurrency market. However, despite the bullish outlook, Bitcoin is not entirely immune to potential bearish pressure. The backbone of Bitcoin’s price stability — long-term holders (LTHs) — appears to be wavering, raising concerns over possible downward movements in the near term. Bitcoin’s Support Is Wavering Long-term holders of Bitcoin have recently shown signs of bearish sentiment. The HODLer net position change indicator, which tracks the behavior...

30.11.2024

Best Crypto to Buy Today: UFC Champion Alex Pereira New BDAG Ambassador | BTC and ETH ETF Hype

Bitcoin & Ethereum ETF Hype Rises But BlockDAG Cruises As UFC Champion Alex Pereira Signs as Brand Ambassador After a period of volatility, Bitcoin and Ethereum are making strong recoveries. Bitcoin has regained the $58,000 mark, and Ethereum is boosted by news of Ethereum ETF approvals. Amid these developments, BlockDAG , a Layer 1 project with a stellar presale, has attracted significant inflows. Its recent partnership with UFC champion Alex Pereira has also boosted its visibility. The presale has surged to more than $58.9 million, reflecting growing investor interest. For those seeking the best crypto to buy today, considering Bitcoin...

17.07.2024

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Binance Unveils BFUSD: A High-Yield Asset For Futures Traders

Bitcoin LTHs Hit 5-Month High in Selling, but BTC’s Rally Stays Strong

Best Crypto to Buy Today: UFC Champion Alex Pereira New BDAG Ambassador | BTC and ETH ETF Hype

Best 5 Cryptos Ready to Skyrocket – The Best Buys Before Bitcoin Hits $100,000

The cryptocurrency market has seen a significant surge, with Bitcoin nearing the $100,000 milestone, sparking widespread excitement across the sector. The total market capitalization for blockchain technology recently surpassed $3 trillion, marking a pivotal development in the industry. As Bitcoin maintains its leading position, many analysts predict a shift in market dynamics where its dominance may diminish, creating opportunities for lower and mid-cap coins, along with established altcoins, to experience substantial growth. 1. BlockDAG Network (BDAG) BlockDAG is currently conducting a highly successful presale of its BDAG coins, having raised over $122 million to date. The presale is structured into...

Crypto meltdown sends TrumpCoin (DJT) crashing over 90%

TrumpCoin crashed by 95%, plummeting from $0.00555 to a low of $0.0001203. Trading volume surged by 169%, reaching $8.91 million despite the price drop. Controversy surrounds TrumpCoin’s origins, with claims involving Donald Trump denied. In a dramatic turn of events, TrumpCoin (DJT), a Solana-based meme coin using former President Donald Trump’s name and image, has experienced a steep price drop. The token’s value plummeted by 95%, falling from $0.00555 to a low of $0.0001203 before recovering to around $0.00042 at press time. Despite the massive price drop, trading activity for TrumpCoin surged. Data from Coinmarketcap reveals a 169% increase in...

South Korea imposes new supervisory fees on top exchanges

South Korea’s financial services watchdog has slapped new supervisory fees on the country’s exchanges under a new digital asset framework. The Financial Services Commission (FSC) recently introduced the Virtual Asset User Protection Act, bringing virtual asset service providers (VASPs) under its supervisory purview. One key stipulation is that any business under the FSC’s jurisdiction must pay a supervisory fee if its annual revenue exceeds KRW3 billion ($2.2 million). According to local media outlets, the eligible exchanges will collectively pay around $120,000 to the watchdog. Upbit, which controls over 80% of the Korean market, will bear the biggest share at $103,000...

Unbreakable Sell Wall at $100K as BTC Price Slumps, Traders Switch to HBAR and DTX Exchange for Christmas Gains

The crypto market continues its bull cycle despite BTC‘s price consolidating in a wide range of $91,000-$99,000 over the past 7 days. Among the top coins, Hedera Hashgraph (HBAR) stands out with its 50% gain in the last 24 hours. Meanwhile, Hedera surged 166% in the past week, making its run one of the best since November. Investors invested $6.87 billion in November in the Spot Bitcoin ETF as the BTC price rose 39% to $99,000 for the first time. As markets continued to rise, BTC prices stayed under the $96,000 price range as traders consolidated their positions. Among the...

Binance HODLer Airdrop launches Movement: Here’s How to Participate

Key Takeaways: High performance and security: Move Network is a Layer-2 on Ethereum using the Move programming language to achieve high transaction speed at 30k+ TPS and best security compared to other solutions. Ecosystem: More than 60 decentralized applications have already been working on testnet, and with support from such leading investment funds as Polychain Capital and Binance Labs, Movement Network is developing a very lively and promising blockchain ecosystem. Exciting airdrop opportunities: Join the Binance HODLer Airdrops program, which joins the distribution of the MOVE Tokens , unlocking investment opportunities in this highly promising blockchain project. Introduction to Movement...

Ethereum Spot ETF Sees $98M Inflow Amid Bullish Market Moves

On August 6th, the Ethereum spot ETF witnessed an impressive net inflow of $98.30 million, signaling a robust confidence in $ETH among investors. The Grayscale ETF ETHE saw an outflow of $39.73 million, suggesting some sell-offs in the market. However, the BlackRock ETF ETHA attracted a significant inflow of $110 million, showcasing bullish sentiment. Additionally, the Fidelity ETF FETH contributed an inflow of $22.49 million, further boosting the overall inflow. The total net assets for the Ethereum spot ETF now stand at a remarkable $7.06 billion. With Ethereum currently trading at $2,461.33, up by 1.03% over the last day, the...

Tether Labels Celsius Lawsuit a “Meritless Shakedown”

By Mark Hunter 1 day agoMon Aug 12 2024 08:14:18 Reading Time: 2 minutes Tether has rigorously defended itself against Celsius’ lawsuit, calling it “baseless” and a “meritless shakedown” Celsius has alleged that Tether owes it the dollar value of nearly 40,000 BTC used as collateral for a 2022 loan Tether has accused Celsius of trying to shift the costs of its mismanagement onto Tether, claiming the lawsuit lacks validity Tether has said it will rigorously defend itself against a lawsuit filed against it by Celsius, calling it “baseless” and defining it as a “shakedown.” The lending company alleges that...