Author: Ava Patel

Article written by Ava Patel

The SEC approves options trading for BlackRock’s Bitcoin ETF with strict oversight

September 22, 2024 1 min read

The US Securities and Exchange Commission (SEC) has sanctioned options trading on BlackRock’s iShares Bitcoin Trust (IBIT), offering investors a novel instrument for hedging and mitigating risks associated with Bitcoin’s valuation. The options will function comparably to existing ETF options traded on US markets and will be subject to rigorous surveillance and control. Significant modifications in the clearance procedure encompass conservative stances and exercise limitations, restricting options to 25,000 contracts,

Owlto and Binance Launch a Web3 Airdrop Campaign

September 21, 2024 3 mins read

By bridging across networks with Owlto Finance, users have the chance to earn a share of the $300K airdrop reward. Owlto Finance has joined hands with the world’s largest cryptocurrency exchange, Binance, for a brand new Web3 campaign to bridge ETH, BNB, and USDC with a reward of $300k. The decentralized cross-chain protocol Owlto Finance offers an inexpensive and safe bridge to effortlessly transfer assets across 50 blockchains. It is the

Ebi.xyz Becomes the First Perpetual DEX to Integrated with HOT Wallet on Telegram

September 20, 2024 3 mins read

Ebi.xyz, a perpetual DEX built on Arbitrium One, today announced its partnership with HOT Wallet, the decentralized MPC network on Telegram, to become the first perpetual DEX integrated into the network. This partnership brings ebi.xyz directly to Telegram users, allowing them to use their existing telegram accounts to create a HOT wallet and trade perpetual futures seamlessly.  With over 23 million total created wallets across multiple chains—including TON, Solana, BNB Chain,

BlackRock’s Bitcoin ETF saw minimal inflows in September

September 20, 2024 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) encountered tepid inflows in September, although there was an increase in Bitcoin’s price. The trust secured only $6.76 million, reflecting a prudent stance among investors. Despite an almost 5% increase in Bitcoin’s value, Bitcoin ETFs faced substantial withdrawals, totaling $155.3 million across the industry. On September 16, BlackRock’s IBIT experienced a transient inflow of $15.82 million, countered by a prior outflow of $9.06 million, culminating

Polter.Finance is now live on Base Chain bringing Polter and its $GEIST tech to a new audience

September 16, 2024 3 mins read

Polter.Finance is officially launched on the Base Chain, bridging the gap between Fantom and Base. Polter.Finance is the leading lending and borrowing platform on Fantom and has now expanded to offer its services on Coinbase’s EVM Chain. Meeting Community Demand According to the team, after the $GEIST platform ceased operations on Fantom, in the Summer of 2023, there was a gap that needed to be filled. Polter.Finance was created and launched in

Crypto exchange Bitstamp is gearing up to launch a new derivative exchange

September 16, 2024 1 min read

The cryptocurrency exchange known as Bitstamp, which is going to be acquired by the trading software known as Robinhood, intends to work closely with Ripple on this endeavor. A significant amount of attention is being paid by Bitstamp to the forthcoming derivatives exchange, as stated by Eva Gartner, who serves as the Head of Strategic Partnerships and Corporate Development respectively. Gartner underscored the excitement that is surrounding this initiative as

These 5 Cryptos Could Turn $200 Into $200,000 by 2026

September 15, 2024 4 mins read

In the fast-paced world of cryptocurrency, a small investment can sometimes yield extraordinary returns. While Bitcoin (BTC) continues to serve as the foundation of the digital asset market, providing stability and acting as a store of value, altcoins often present opportunities for exponential growth. As we approach 2026, a few select cryptocurrencies are gaining traction for their potential to turn a modest $200 investment into a substantial $200,000. Here are

MicroStrategy acquires 18,300 more Bitcoin for $1.11 billion, bringing its total holdings to 244,800 BTC

September 13, 2024 1 min read

As per reports, MicroStrategy has successfully acquired 18,300 Bitcoins for a total price of $1.11 billion. Michael Saylor, the creator of the company, announced the acquisition, which further increased the company’s current Bitcoin reserves. Despite the volatility of the market, the Bitcoin approach employed by the company has resulted in a return of 4.4% month-to-date and 17.0% year-to-date. Compared to the total average of the corporation, which is $38,585, the

Japan’s TEPCO plans to use surplus green energy for Bitcoin mining, generating $2.5 billion annually 

September 9, 2024 1 min read

Agile Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO) in Japan, is investigating the utilization of excess renewable energy for Bitcoin mining. The startup is deploying mining machines adjacent to solar farms in Gunma and Tochigi prefectures, with the objective of transforming surplus renewable energy into crypto. A calculation conducted by Agile Energy X indicates that if Japan attains its objective of 50% renewable energy by 2050, around

The Trump family could earn $540 million from their DeFi venture

September 8, 2024 1 min read

The Trump family might gain $540 million from World Liberty Financial (WLFI), a decentralized finance (DeFi) project that is slated to launch on the Ethereum or Polygon blockchains. Similar to the renowned DeFi protocol Aave, the initiative aspires to challenge established financial structures while also empowering the average American. WLFI intends to sell 30% of its token supply after attaining a $1.8 billion valuation, potentially earning $540 million for the

Fidelity’s FBTC sees net outflow totaling $149.49 million

September 7, 2024 1 min read

On Thursday, US spot bitcoin exchange-traded funds experienced net withdrawals of $211.15 million, continuing their seven-day trend of negative flows. The FBTC fund managed by Fidelity experienced the highest outflow, amounting to a total of $149.49 million. BITB, a company owned by Bitwise, incurred a net loss of $30 million. The GBTC ETF managed by Grayscale experienced a net outflow of $23.22 million and an additional outflow of $8.45 million.

Polygon begins migrating from MATIC to POL tokens

September 5, 2024 1 min read

Polygon, a Layer-2 solution developed on the Ethereum blockchain, is preparing for a substantial enhancement by transitioning its MATIC token to the new POL token. This action is a component of the Polygon 2.0 plan, which is designed to enhance the usefulness and scalability of the ecosystem. Holders of MATIC on the Polygon Proof of Stake (PoS) chain will experience an automated conversion of their tokens to POL. However, holders