Coinbase expands its horizon: Introducing BTC and ETH futures for institutions - cyptoranking.com

2024-05-02

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Yellow Duckies also serves as the canary network for Yellow Network, allowing it to test fintech innovations related to cryptocurrency exchange, clearing, trading, settlement, and compliance. This expands its utility and future potential. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.What Is Bitcoin? Everything You Need To Know Coinbase expands its horizon: Introducing BTC and ETH futures for institutionsEspecially in an online or virtual environment, having a payment method that is secure, traceable, and transparent will be an integral part of how this space will evolve going forward. The first phase in the pipeline is called the Merge. This phase will involve the “merging” of Ethereum’s current blockchain with Beacon Chain, the network responsible for creating new blocks. This process makes sure the new blocks are valid, and rewards validators with ETH for keeping the network secure. In other words, it will transition Ethereum’s consensus mechanism from Proof of Work to Proof of Stake.

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“Huge week for inflation and the Fed,” financial commentary resource The Kobeissi Letter summarized in part of an X thread.“In addition, markets will react to geopolitical tensions from this weekend. Volatility is the new normal.” NVT signal spikes to highest since 2018Within Bitcoin, the network value to transaction (NVT) signal leads the pack on on-chain metric volatility to start the week.NVT, which its creator, Dmity Kalichkin, describes as a “PE ratio” for Bitcoin, seeks to estimate local BTC price tops and bottoms by comparing market cap to daily on-chain transaction values.The latest data from on-chain analytics firm Glassnode shows NVT hitting its highest levels in five years — over 1,750 and far beyond its position at the start of 2023.Bitcoin NVT signal chart. Source: Glassnode/XNVT has undergone various overhauls in recent years, as the dynamics of the BTC supply call for different guidance figures for determining price tops.“If the trend towards side-chains and private transactions continues, we can expect less-and-less transactions to be captured in the public on-chain data (reducing the relative value of the “T” in NVT),” Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, wrote in part of his own research in 2019.“This could cause the fair value NVT range to increase with time.”Analyzing the NVT spike, crypto market intelligence platform IntoTheBlock suggested that it was representative of a broader metamorphosis.“The lens through which we view Bitcoin's value is changing,” it wrote at the weekend. “Transaction value & volume were once the go-to metrics. However, recent spikes in NVT ratios hint that Bitcoin's value is now moving independently of transactional utility, hinting at its growing role as a store of value.”Neither fearful, nor greedyProviding a fleeting insight into crypto market sentiment, the classic Crypto Fear & Greed Index reflects an overall air of indecision.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesThe average investor is ambivalent when it comes to the market, as shown by the Index sticking rigidly to its “neutral” territory.As of Oct. 9, Fear & Greed is at 50/100 — exactly half way along its scale between two sentiment extremes.Zooming out, recent months have marked some of its least volatile conditions on record.“You know the drill, i will be mass buying when we drop down to Extreme Fear and a $20,000 Bitcoin,” popular trader Crypto Tony reacted to the latest data. “May take a while, but i feel Q1 / Q2 2024 will be the ticket. If i see a change in behaviour i will re-evaluate.”Crypto Tony referenced an inkling that BTC/USD will return to $20,000 for a final retest before expanding higher after the 2024 block subsidy halving. Crypto Fear & Greed Index (screenshot). Source: Alternative.meThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. According to the data, the number of weekly transactions worth over 100 thousand dollars on the XRP Ledger network dropped below 4,000. TeslaCoin: Launch Safe Tesla Coin Trading Software App With Customer ReviewsThe Block: What are you expecting in terms of the calendar. What's the timeline that you're running with, in terms of when we could see some kind of a decision? Source – L2Beat

Digital asset investment products have continued to see significant inflows last week, reaching the highest volume levels since July 2023, according to a new report. If the sides can’t work out how much of the amount should be returned to the defunct hedge fund’s own liquidation, Kaplan scheduled a two-day hearing starting on Feb. 5 to allow for arguments over how much money should change hands. 72 of the top 100 coins have fallen 90% or moreETH and TRON’s 2023 Transaction Fee Rivalry On the Lightspeed podcast (Spotify/Apple), Mumtaz asks Ryan Wyatt, the former global head of gaming at YouTube and current president of Polygon Labs, what it will take for the Web3 space to overcome the hate.

Source: TradingViewThe PEPE price has dropped by 3% in the past 24 hours, with the meme token's fall to $0.000000719755 coming as the cryptocurrency market continues to weather losses incurred yesterday.PEPE remains up by 15% in the past fortnight, yet it's down by 12% in a month and by 83% since hitting an all-time high of $0.00000431 in early May, a few weeks after it had been launched.The meme coin's overall decline since this early peak would suggest that its time as a hot cryptocurrency is now over, yet it seems that whales continue to use it as a vehicle for their own short-term gains.This means that retail traders may be able to piggyback on whale-led rallies if they time their entries and exits right, but they could also just as easily get burned.Pepe Price Prediction as PEPE Falls Along with the Wider Crypto Market – Are Whales Manipulating Prices?PEPE did enjoy a little resurgence along with the rest of the market earlier this week, yet it seems that this has already died down, with the coin's indicators showing signs of weakness.Source: TradingViewAssuming that PEPE is likely to fall back down to its long-term support level (green), it may therefore dip to around $0.00000060 before stabilizing again.Such negativity is supported by its relative strength index (purple), which has begun falling towards 40 again after a period of semi-recovery, with the indicator able to fall further before the coin becomes decidedly oversold.Likewise, PEPE's 30-day moving average (yellow) has begun dipping slightly after looking like it could begin rising again, with the coin's price likely to fall below the indicator as its current selloff deepens.And given that PEPE has fallen consistently since its early-May peak, today's losses could continue in the coming few days.There's currently no indication that whales have took the opportunity to buy the dip today, with the last confirmed instance of whale accumulation falling on September 30.It's likely that the whales mentioned above still hold the PEPE they acquired on Saturday, meaning that they must expect a rebound to happen in the near future.However, retail traders should be aware that once such a rebound arrives, the whales are likely to dump their holdings onto the market, bringing PEPE down once again.This is the pattern that PEPE has exhibited throughout its still short existence, which perhaps isn't surprising in light of the fact that it's a total meme token with no real utility.As such, it could rebound to $0.00000080 in the coming days or weeks, before falling yet again.New Altcoins With FundamentalsFor any traders tired of pure meme tokens with no actual utility, there are some new cryptocurrencies in the market that offer good fundamentals.One of the most interesting of these is TG.Casino (TGC), an Ethereum-based casino platform that is aiming to merge the areas of social networking and online gaming/gambling.A strong sign of TG.Casino's appeal to investors is the fact that it has already raised nearly $400,000 in its presale, which has been open for barely a couple of weeks.On the one hand, TG.Casino will be an online gambling and gaming platform that will offer its users a wide selection of different games to play, giving them the chance to earn big rewards.On the other hand, TG.Casino will also operate a strong presence on Telegram, harnessing the popular social messaging app in order to serve large communities of users and investors.By having a presence on Telegram, TG.Casino is likely to grow faster than many of its rivals and will also be able to make use of significant network effects.This hybrid approach to running an online gaming platform is likely to give TG.Casino the edge in what is a busy market, and it does seem that investors are already being drawn towards the platform.They've also been drawn towards the fact that TG.Casino has already launched, in contrast to many other presale tokens.As a token, TGC will have a of 100 million, with 40% of this going to the presale, 20% going to staking rewards and 10% to gaming rewards, making the cryptocurrency highly distributed.The token can also be used for staking, with new investors able to buy some by going to the official TG.Casino website.1 TGC will cost $0.125 for the entirety of the sale, yet it could easily rise much higher once it lists on exchanges in the next few weeks.Visit TG.Casino NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Terra Luna Classic Price Prediction as LUNC Falls to 100th Place in Coin Rankings – Is It All Over? Kraken is also reportedly interested in expanding its business to stock trading, according to a September report from Bloomberg. Crypto investment products experience outflows for 9th consecutive week— CryptoBusy (@CryptoBusy) October 10, 2023 The game engine firm announced that Riccitiello—who is 65—is retiring and leaving the company, effective immediately. He will also leave his position as a member of Unity’s Board of Directors, but will take on an advisory role as part of the transition, according to the release.

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