Coins▪︎Trading▪︎Crypto News

2024-04-14 11:16:38 US Treasury: Russia Turns to Tether (USDT) to Evade Sanctions

Adeyemo emphasized the necessity of enhancing secondary sanctions capabilities within the Treasury, directed towards digital asset providers. Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods, such as the stablecoin Tether (USDT), to evade sanctions and sustain its military operations. The hearing, titled “Countering Illicit Finance, Terrorism, and Sanctions Evasion,” marks the committee’s second discussion on the topic within the last six months.

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2024-04-13 18:52:28 Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as Monday

Following the approval of 11 spot bitcoin ETFs in the U.S., their counterparts in Hong Kong are now anticipated to secure the nod from the country’s Securities and Futures Commission (SFC). Bloomberg reported on Friday that according to insiders, these funds might begin trading on the Hong Kong Stock Exchange (HKSE) by Monday. According to the report, ETFs managed by Harvest Fund Management Company, Hashkey Capital, and Bosera Asset Management are likely to be approved by the SFC.

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2024-04-10 11:02:26 Binance Has Matured Since DOJ $4.3B Settlement: CEO Richard Teng

Teng said Binance is now looking at sustainability and more compliance; hence the company’s focus on building a robust compliance program. Richard Teng, CEO of the world’s largest cryptocurrency exchange, Binance, believes the trading giant is past the cultural issues after it settled criminal charges from the United States Department of Justice (DOJ) with a $4.3 billion fine. During an interview with CNBC, Teng said Binance had moved past the early stage of its development, where there were no clear rules, and it had to operate in a certain way to stay relevant.

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2024-04-09 22:21:48 Grayscale Bitcoin trust sheds roughly 300,000 BTC since ETF launch

Farside data reports that the Bitcoin ETF market experienced a notable shift on Apr. 8, with the overall sector recording its first net outflow day since Apr. 1, totaling $223.8 million. The primary driver of this change was a significant $303.3 million outflow from the Grayscale Bitcoin Trust (GBTC), its largest outflow since March 25, which has now seen a total of $15,808.6 billion in outflows.

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2024-04-09 11:59:52 Toncoin (TON) Hits ATH Flipping Cardano for Top Ten Spot

Toncoin hit an all-time high of $6.50 on April 9, following a monumental 20% gain on the day, outperforming every other crypto asset in the top 50. The big move has enabled it to flip Cardano (ADA) and take the tenth spot with a market cap of $22.4 billion. Cardano, which is still languishing more than 80% down from its 2021 peak, has been dumped out of the top ten despite a 4% daily gain to top $0.61. Moreover, the social messaging platform Telegram-native asset has made more than 150% since the beginning of March, according to CoinGecko.

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2024-04-08 21:54:53 Rivalries among Ethereum layer-2s threaten the ecosystem’s future, says Polygon CEO

Polygon Labs CEO Marc Boiron believes that the intense rivalry between Ethereum layer-2 networks is the “biggest problem” facing the second-largest digital asset by market capitalization. Several crypto community members share Boiron’s perspective, asserting that Layer 2 networks should target those outside the Ethereum ecosystem. Notably, Boiron reposted a social media post that urged the layer-2 networks to play the long-term game and “champion each other wins.”.

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2024-04-08 11:24:53 Bitcoin ETF activity to remain robust until the halving: Santiment

Spot Bitcoin exchange-traded fund (ETF) flows are likely to remain high until the Bitcoin halving later this month, according to on-chain analytics firm Santiment. The blockchain data firm observed that Bitcoin ETF volume hasn’t slowed since the asset hit an all-time high in mid-March, adding, “Trader activity is still notably higher than the turning point that began in late February after an influx of individual trading began” in a post on X on April 8.

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2024-04-07 21:44:54 Binance Users Stake Record $13 Billion to Earn Saga Gaming Token Rewards

There’s clear interest in the upcoming token for the Saga layer-1 blockchain network, just days ahead of next week’s listing. In fact, Binance customers have already broken a record for the most cryptocurrency staked to earn SAGA token rewards via the crypto exchange’s Launchpool campaign platform. Binance users have staked more than $13.1 billion worth of Binance Coin (BNB) and the FDUSD stablecoin to earn a share of the 45 million SAGA tokens being offered up through the platform, or half of the token's initial circulating supply.

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2024-04-07 10:28:54 Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant

Currently, at a block height of 837,984, there are precisely 2,016 blocks remaining until the forthcoming Bitcoin block halving event, which will reduce the reward from 6.25 BTC to 3.125 BTC. Cryptoquant, in a report shared on the social media platform X last Friday, shed light on how bitcoin (BTC) miners will need to “innovate [and] improve” post-halving. In examining revenue against hashprice, Cryptoquant’s analysts observed that despite daily revenues reaching new peaks, the miner hashprice has plummeted by 30% compared to levels before the last halving, indicating a decline in earnings per unit of computational work.

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2024-04-06 22:19:54 US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip

U.S. spot bitcoin ETFs experienced a streak of four days of net inflows. The influx began modestly with $39.5 million on April 2, escalated to $113.5 million the next day, and soared to $213.4 million on April 3. The week’s culmination saw Friday pulling in an impressive $203 million, as reported by coinglass.com figures. Despite overall market positivity, Grayscale‘s GBTC encountered the day’s largest outflow among the ETFs. Trading volume for the ETFs on Friday summed up to approximately $2.37 billion, marking a 31.5% decrease from Thursday’s $3.46 billion.

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