TMX Group, the largest exchange in Canada, is set to launch Bitcoin (BTC) futures contracts on its derivatives trading platform, Montréal Exchange (MX). The move is in response to the growing market demand for digital cryptocurrency asset classes. The Bitcoin Price Index Futures will enable investors to hedge exposure to Bitcoin spot trading and explore […]
Binance, one of the largest crypto exchanges, has announced that it will cease borrowing and lending services for its native stablecoin Binance USD (BUSD) by October 25. This follows an earlier announcement in August that all services related to BUSD would be terminated by 2024. Currently, users can lend their BUSD on Binance at an […]
Crypto markets are spiking as three major Ethereum (ETH) futures exchange-traded funds (ETFs) are set to debut. VanEck, ProShares and Bitwise have all announced the launch of their respective ETFs, which are based on the price of ETH. ProShares is launching ProShares Ether Strategy ETF (EETH), an Ether-tracking ETF, today. ProShares is also launching two […]
The US Congress passed a stopgap funding measure on October 1, preventing a government shutdown. The Republican Party, which holds a majority in the US House of Representatives, was divided on the issue. After weeks of infighting, Speaker Kevin McCarthy announced the stopgap proposal and the bill passed the House with a bipartisan vote. The […]
U.S. Grayscale has announced that it will eliminate the discount in its Ethereum Trust if it converts it into a spot ETF. This move is expected to provide investors with more access to the Ethereum market, as well as greater liquidity and transparency.The Ethereum Trust is a publicly traded investment vehicle that allows investors to […]
The U.S. dollar has surged to its highest point in ten months against a range of major currencies, driven by the Federal Reserve’s unwavering commitment to raising interest rates and maintaining them at elevated levels, as well as the steady rise in benchmark 10-year Treasury yields. This surge has caused the euro to approach a […]
Solana, Ethereum’s Layer-1 competitor, has seen a strong price rally over the last weekend, becoming the seventh largest cryptocurrency by market cap. At press time, SOL is trading 14.95% up at $24.46 with a market cap of $10.1 billion. With this, Solana has extended its 2023 gains to more than 95%.The price of SOL experienced […]
Bitcoin (BTC) has seen a significant surge in the past week, reaching an almost 7-week peak of $28,500. The altcoins have also seen notable gains, with Solana leading the pack with a 14% increase. The total crypto market cap has added over $40 billion in a day, reaching a local peak of $1.120 trillion.It was […]
On October 1st, the prices of Bitcoin, Ethereum, and other cryptocurrencies saw a sudden jump, with Bitcoin surging 3% in just 15 minutes and Ethereum gaining 4.7%. This sudden movement has left many in the crypto community wondering what is going on, with some suggesting that “someone knows something” that others don’t. This sudden pump […]
VanEck has initiated a marketing drive for its forthcoming Ether futures ETF, potentially launching by Oct 2. The investment management firm has unveiled two engaging “Enter the Ether”-themed TV commercials, proclaiming its Ethereum Strategy ETF — tagged EFUT — to be on the horizon. Bloomberg ETF analysts Eric Balchunas and James Seyffart have speculated that […]
