What to know: EDX Markets is adding 17 new cryptocurrencies to attract more institutional investors and expand its trading options. The exchange’s non-custodial model, using financial intermediaries for trades, appeals to regulators and mirrors traditional stock exchanges. EDX plans to launch a perpetual futures exchange in Singapore in the second quarter, targeting global markets outside … Read more
Bybit’s ETH gap is closed after a $1.4B hack, with a new Proof of Reserves report confirming full asset coverage. Bybit, a major cryptocurrency exchange, has successfully closed its Ethereum (ETH) gap after suffering a major hack on February 22. Ben, CEO of Bybit, shared this news on his official X account. The company expressed … Read more
What to know: Ethena raises $100 million to finance a stablecoin for TradFi institutions. Franklin Templeton and Fidelity Investments-affiliated F-Prime Capital among the investors. USDe maintains its peg by collateralizing stablecoins and taking futures positions. 💸 Ethena, the developer of the synthetic stablecoin USDe, has secured a whopping $100 million in funding to finance a … Read more
Ah, dear Bitcoin, thou hast taken a tumble beneath the 100-day moving average, now languishing at a mere $98K, and oh, how it doth approach the fabled $95K support level! What a tragic comedy! 🎭 Yet, lo and behold! The trading activity is as lively as a sloth on a Sunday, indicating a distinct lack … Read more
What to know: By Omkar Godbole (All times ET unless indicated otherwise) Ah, Bitcoin and ether, those two titans of the digital realm, remain ensconced in their recent trading ranges, as if they were pondering the meaning of existence two days post the $1.5 billion heist of Bybit, a veritable colossus among cryptocurrency exchanges. One … Read more
TL;DR In a world where altcoins like XRP, DOGE, and SOL are taking a nosedive, behold the miraculous rise of MANTRA (OM) with a double-digit surge! 🎉 While the optimistic crowd chants “buy and hold,” the RSI is waving a caution flag above 70. 🚩 ‘Just Buy It and Hold It’ The cryptocurrency market, dear … Read more
In the grand and baffling opera of the crypto universe, eXch, a non-KYC centralized exchange, has solemnly declared, “We are absolutely not laundering North Korean millions—because, honestly, we already have enough trouble remembering our passwords.” This passionate proclamation emerged as a rebuttal to the festering social media outrage accusing eXch of moving over $30 million … Read more
What to know: Memecoins like TRUMP and LIBRA are sucking liquidity faster than a vacuum on steroids, according to market makers at Consensus Hong Kong. 🧹💨 One optimistic market maker said there’s still good news to be priced in, which is like saying there’s still cake left at a party—everyone’s just too busy with the … Read more
In an audacious display of crypto confidence, HK Asia has inflated its Bitcoin reserves to a whopping 8.88 BTC—yes, that’s almost nine! Talk about living on the edge of digital finance! HK Asia Holdings Limited, in a moment that would make any crypto enthusiast shed tears of joy (or jealousy), has just upped its Bitcoin … Read more
Bybit invests $1M in EthicHub to provide fair loans, boost coffee farmers’ productivity, and promote blockchain-driven financial inclusion for rural communities. Bybit, the second-largest cryptocurrency exchange by trading volume, has invested $1 million in EthicHub. It has entered the Blockchain for Good Alliance (BGA) which supports social implementations of blockchain technology. The company envisions blockchain … Read more