The UFC Partners with Chiliz to Introduce a Fan Engagement Token on Socios

The UFC Partners with Chiliz to Introduce a Fan Engagement Token on Socios

The leading mixed martial arts firm, Ultimate Fighting Competition, popular as UFC, is partnering with the social token app, Chiliz (CHZ) to provide fans with exclusive products and rewards. In a statement made on Tuesday, the MMA organization token, $UFC Fan Token, will be launched on Socios.com, a fan engagement and rewards mobile app.

The token is expected to launch in June this year, with a maximum supply of 20 million UFC tokens, available for purchase on Socios.com.

UFC is the latest sport discipline to join the Chiliz ecosystem after a successful start in European football. Top football clubs have their own fan tokens – launched on Chiliz blockchain, including Paris St. Germain (PSG), Atletico Madrid, and FC. Barcelona.

These fan tokens are minted on the Chiliz blockchain giving users, and fans access to unique products and exclusive services, including “voting, VIP rewards, exclusive promotions, AR-enabled features, chat forums, games, and competitions,” the statement reads.

The Chiliz team aims to expand their platform past the 26 major sporting organizations currently using their fan tokens. Over the next few months, the platform will expand its fan token presence to other clubs and fans across Europe, U.S, U.K., Asia, and South America.

The partnership between the UFC and Chiliz app started in 2020 when the former started allowing fans to exchange various products such as tickets and merchandise for the Chiliz token, CHZ.

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Author: Lujan Odera

WallStreetBets Launches Blockchain-Powered Exchange Traded Portfolios, Ran Through A DAO

WallStreetBets Launches Blockchain-Powered Exchange Traded Portfolios, Ran Through A DAO

Popular Reddit community WallStreetBets has announced a new product launch dubbed WSB DApp. The group plans to create a blockchain-based app aimed at combating market manipulation in traditional finance.

WallStreetBets Introduces WSB DApp

This will see the largely pseudonymous WallStreetBets group move into the world of decentralization and blockchain-based finance.

The initiative would be run through a decentralized autonomous organization (DAO), which is a non-hierarchical group that votes collectively on how to run a company and allocate resources based on community decisions.

According to the press release by prominent figures in WSB, including founder Jaime Rogozinski, WSB has been working with blockchain experts to build exchange-traded portfolios (ETPs), which, unlike index funds, can be easily decentralized.

“Moreover, by harnessing the transparency and community consensus mechanisms provided by blockchain and smart contract technology, WallStreetBets ETPs may serve as an alternative to the kind of market manipulation perpetuated by opaque and politically connected banks and hedge funds.”

The WSB DApp’s launch follows the recent announcement of the $WSB governance token.

WSB recently launched the $WSB token on community-focused fundraising platform BSCstarter through an initial dex offering (IDO).

The Token offering became eligible following votes from the BSCstarter community. The $WSB token would be used by holders to vote on how and when to rebalance a portfolio of stock investments.

WallStreetBets Gaining Momentum

The group has gone from just being a subreddit group to a worldwide phenomenon seemingly overnight. WSB, which started with the Occupy Movement, has now gained a massive organic following on social platforms without formal leadership.

The unofficial group gained fame after crippling hedge funds by short squeezing GameStop through a coordinated move.

Now it is taking a big step toward blockchain-based finance, which is a different path from the group’s original aim of ending dependence on corrupt institutions in finance.

Meanwhile, Bloomberg reports that members of the WSB forum were recently targeted in a cryptocurrency scam that resulted in $2 million in losses.

An account called “WallStreetBets – Crypto Pumps” using the Telegram messaging service offered users the chance to buy tokens known as WSB Finance before it was listed on crypto exchanges.

The account also cajoled users into sending Binance Coin, known as BNB, or Ether to a cryptocurrency wallet controlled by the criminals in exchange for the WSB Finance coins.

However, those coins were never delivered; instead, a second message was sent out telling those who had already sent a payment that they’d have to send an equal amount again or lose their initial investment because of a problem with the bot.

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Author: Jimmy Aki

Filecoin (FIL) Launches Free Decentralized Storage Solution for NFT Markets

The solution leverages IPFS and Filecoin blockchain for long-term security of the NFTs.

Released Tuesday, NFT.Storage, a decentralized file storing system, will allow developers and collectors to ‘protect their non-fungible token (NFT) assets.’ According to the statement, the platform lets developers and NFT holders store their assets on the Inter-Planetary File System (IPFS) via Filecoin to ensure NFTs last for the long term.

The solution is a service created by Filecoin and backed by Protocol Labs and Pinata to provide unique solutions to the NFT marketplace. Additionally, users can also store metadata associated with the NFTs individually in an effort to keep NFTs ‘accessible in the long-term’, the report further states.

Mikeal Rodgers, Engineering Manager at Protocol Labs, believes NFTs – digital art pieces, music, trading cards, photos, tweets, etc. – are “part of humanity’s cultural legacy.” These assets require to be stored safely in the long term to allow the future generations accessibility of the assets, he added.

“Content addressing and distributed storage networks ensure that digital artwork, basketball cards, and virtual real estate are guaranteed to stay secure and available long-term.”

“NFT.storage makes it completely frictionless to mint NFTs following best practices through resilient persistence on IPFS and Filecoin.”

The core of NFT.Storage service to NFT holders is content addressing, which is simply marking content with hashes. Once you place an asset on NFT.Storage, a hash is assigned to the content – giving it a unique “fingerprint” that can be used to search, find and reference it anywhere on the platform. This produces a secure, unique, and verifiable content and files for NFT users.

Although Filecoin (FIL) is planning to make the storage solution free, there has been no communication on how long the “free storage” will last. The Terms of Service states NFT.Storage will be free for all participants on IFPS “for as long as Protocol Labs, Inc. continues to offer free storage for NFT’s.” All rights to terminate the free storage also reserves with NFT.Storage project.

Finally, NFT.Storage will offer data storage on the NFT solution “ad infinitum or until Protocol Labs decides to conclude the NFT.Storage project.”

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Author: Lujan Odera

JPMorgan’s Jamie Dimon Still Has ‘No Interest’ in Bitcoin Despite Growing Adoption

JPMorgan’s Jamie Dimon Still Has ‘No Interest’ in Bitcoin Despite Growing Adoption

Institutional demand has played a critical role in the surge of cryptocurrencies in the past year, with many tech companies and large banks planning to custody virtual currencies.

But despite what many may call a significant victory for the nascent technology, critics still abound, with some openly declaring they cannot support the idea of digital currencies replacing fiat as a medium of exchange.

Jamie Dimon Still Not Intrigued by Bitcoin

One such detractor is JPMorgan Chase’s boss Jamie Dimon who has remained resolute in his criticism of the burgeoning industry.

JP Morgan Chase was once a critic turned supporter as the investment bank prepares to launch a Bitcoin fund in the coming months. But despite what has been a radical shift in mindset, JP Morgan’s CEO Jamie Dimon is still a skeptic of the volatile asset class.

While speaking at The Wall Street Journal CEO Council Summit, the billionaire investor said he isn’t interested in Bitcoin, despite the growing interest from institutions.

Dimon’s firm JPMorgan is working on a Bitcoin custody service due to ongoing client demands, Dimon noted. Beyond this, JPMorgan’s CEO won’t touch the asset class. Despite his skepticism of the influence of crypto, he remains a believer in the power of the blockchain.

Dimon explained that he believes in the real-life use cases for blockchain technology, especially for the financial sector. He revealed that his firm is also leveraging the technology to serve customers.

“But people have to remember that a currency is supported by the taxing authority of a country, the rule of law, a central bank.”

The former board member of the Federal Reserve has repeatedly kicked against the world’s first-ever virtual currency, calling Bitcoin once a “fraud” at a conference organized by news outlet CNBC.

However, Dimon has since said that he regretted his outburst while noting his indifference to the Bitcoin narrative. But he has retained a lukewarm attitude towards the emerging asset class, constantly claiming disinterest and citing volatility as a reason for it not going mainstream.

Nevertheless, JP Morgan has been quite active in the crypto space rolling out its in-house built digital token-styled JPM Coin in 2019. It has since gone on to create a blockchain unit to stay innovative in a fast-changing world.

Wall Street Piling On Crypto

Despite what might seem a bad take on crypto by Dimon, other investment firms have not remained hostile to crypto.

In the last year following Bitcoin’s unprecedented surge, institutional demand has grown following major investment in BTC and the proliferation of other crypto projects.

With decentralized finance (DeFi) radically changing the narrative on legacy-backed services like savings, deposits, borrowing, and lending, more and more banks have started joining the crypto wagon.

One such is investment bank Goldman Sachs reportedly planning to issue a Bitcoin exchange-traded fund (ETF) in the coming months. The proposal, which is still under review with the US Securities and Exchange Commission (SEC), joins a long list of Bitcoin ETF proposals brought forward to the agency.

Banks like US Bank and Bank of New York (BNY) Mellon have shown interest in cryptocurrencies in the past few weeks.

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Author: Jimmy Aki

Grayscale Partners with New York Giants, Becoming the Second Crypto Sponsor of an NFL Team

Grayscale Partners with New York Giants, Becoming the Second Crypto Sponsor of an NFL Team

Grayscale will be hosting educational seminars on cryptocurrencies for Giants personnel and help them navigate the evolving crypto ecosystem.

Grayscale Investment, the largest crypto asset manager, announced on Wednesday that it had become the second crypto sponsor of an NFL team by partnering with the New York Giants. Litecoin (LTC) partnered with the Miami Dolphins back in 2019.

“Our partnership with the Giants is incredibly meaningful because our roots are in New York,” said Grayscale CEO Michael Sonnenshein.

“We’re excited to partner with such a forward-thinking franchise, to work together on philanthropic initiatives, and to continue to support the New York metropolitan community.”

As part of the Giants’ Official Digital Currency Asset Management Partner, Grayscale will be the Sponsor of The Giants Foundation Golf Outing. As part of this, the digital asset manager will be hosting educational seminars on cryptocurrencies for Giants personnel each year.

This partnership “could guide us in navigating the cryptocurrency ecosystem,” said New York Giants Chief Commercial Officer Pete Guelli. Grayscale

“has the institutional knowledge and network of partners that we can access as crypto continues to evolve.”

Just this week, in another news, Grayscale’s parent company Digital Currency Group (DCG), announced that they would be purchasing up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC), 3x the initial amount.

It further reported that as of April 30, 2021, DCG had already purchased $193.5 million worth of GBTC shares. According to Bloomberg, DCG is the third-largest holder of the trust.

Meanwhile, GBTC continues to run at a steep discount, currently at 15.33%, to the underlying Bitcoin. So, the company is actually buying back their trust at a discount.

“It is a rational strategy for the company and product to increase their purchases given the persistent, multi-month discount in GBTC,” said Stephane Ouellette, chief executive and co-founder of FRNT Financial.

Grayscale, meanwhile, says it is “100% committed” to converting the GBTC into an ETF once the SEC approves the structure. A week back, the SEC postponed the decision on VanEck Bitcoin ETF to June 17.

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Author: AnTy

NYDIG Partners with FinTech Giant to Enable US Bank Customers to Buy, Hold, and Sell BTC

NYDIG Partners with FinTech Giant to Enable US Bank Customers to Buy, Hold, and Sell BTC through their Existing Accounts

Through NYDIG’s custody solution and FIS’s link to lenders, nearly 300 million checking accounts, the idea is to bridge the gap in accessibility to Bitcoin because banks are seeing that their clients want crypto assets and are sending funds to crypto exchanges.

NYDIG, a subsidiary of $10 billion New York-based asset manager Stone Ridge has partnered with fintech giant Fidelity National Information Services (FIS Global) to help bridge the gap in accessibility to Bitcoin, as the crypto asset “becomes more integrated with banking services.”

As part of this announcement that came on Wednesday, FIS said it would enable banks to offer their customers the ability to buy, sell, and hold BTC via their bank accounts without needing to create new accounts and with regulated entities.

NYDIG will be a trading and custody provider for the Bitcoin transactions while Fidelity National Information, which is a vendor to banks with almost 300 million checking accounts, will handle the link to lenders.

Late last year, FIS and NYDIG had partnered with Quontic Bank to enable the digital bank to be the US’s first FDIC-insured financial institution that went live with a Bitcoin Rewards debit card.

In addition, the venture arm of FIS, FIS Ventures, made an undisclosed amount of investment in NYDIG.

“Unlocking these capabilities for financial institutions of all sizes levels the playing field for banking with bitcoin and can drive further innovation,” said Rob Lee, head of Global Core Banking and Channels, FIS.

According to Patrick Sells, head of bank solutions at NYDIG, hundreds of banks are already enrolled in the program, and they are also in discussions with some of the biggest US banks. For now, however, smaller institutions like Suncrest are participating.

“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin through their existing bank relationships,” Sells said. The same mobile application that is used to do all the banking will allow customers to now buy, sell and hold bitcoin as well.

Banks had steered clear of Bitcoin for retail customers up until recently when BNY Mellon, JPMorgan, and Goldman Sachs announced their crypto plans. Now, other banks are also asking for bitcoin because they are seeing their customers sending funds to crypto exchanges, Yan Zhao, president of NYDIG, told CNBC.

“This is not just the banks thinking that their clients want bitcoin, they’re saying `We need to do this because we see the data’”

According to Zhao, most people can’t invest in what institutional investors get to invest in, but by allowing them to buy bitcoin through their banks with as little as $1, it will be “huge for economic empowerment.”

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Author: AnTy

Ether Retraces to Trade Under $3,400 But Several Catalysts Are Still Present to Sent it Higher

Ether Retraces to Trade Under $3,400 But Several Catalysts Are Still Present to Sent it Higher

While Ether’s 14-day relative strength index rising above 70, the highest since January gives an indication of the rally being stretched; ETH/BTC has “literally just thin air until 0.08 minimum.”

After hitting a new all-time high at $3,530 on Tuesday, Ether has retraced to now trade between $3,200 and $3,500.

But the market expects this to be just a resting point before it runs even higher. “The market is realizing how fundamentally undervalued Ether is given all the development activity on the network,” said Vijay Ayyar, head of Asia Pacific at crypto exchange Luno.

“While one may think Ether has risen a lot, when you compare it to Bitcoin, there is a long way to go.”

Last month Bitcoin (BTC) reached about 3.2x of its peak price during the previous cycle in December 2017, while ETH has only reached about 2.4x of its previous all-time high set in January 2018. BTC 8.56% Bitcoin / USD BTCUSD $ 57,504.68
$4,922.408.56%
Volume 68.9 b Change $4,922.40 Open $57,504.68 Circulating 18.7 m Market Cap 1.08 t
5 h JPMorgan’s Jamie Dimon Still Has ‘No Interest’ in Bitcoin Despite Growing Adoption 5 h Grayscale Partners with New York Giants, Becoming the Second Crypto Sponsor of an NFL Team 6 h NYDIG Partners with FinTech Giant to Enable US Bank Customers to Buy, Hold, and Sell BTC through their Existing Accounts

Ayyar sees Ether surging to $5k to $10k by early next year. As we reported, many traders are eyeing the uptrend to $10k, some even as high as $40k.

“Ether will have much volatility, similar to Bitcoin, but can increase in value as more institutional investors become aware of it,” said Pat LaVecchia, CEO of crypto broker Oasis Pro Markets LLC, according to whom, Ether at $25,000 is possible over the next few years.

This institutional interest in Ethereum can be seen in the premium ETH is trading at Coinbase.

“Coinbase premium has been significantly increased since early 2021. New money is flowing into the crypto market,” noted Ki Young Ju, CEO of CryptoQuant.

In the futures market as well, Ether volumes are constantly surging and getting closer to those of Bitcoin contracts on regulated exchange CME despite having launched in February only.

Retail has been just as involved with ETH addresses holding relatively small amounts (between 0.01 and 1 ETH), increasing by 3.8 million since the start of the year to over 13.6 million now.

Addresses With 0.01-1 ETH

Source: CoinMetrics

With Ether’s 14-day relative strength index rose above 70, the highest since January, the rally does seem stretched. Still, trader SmartContracter points out that ETH/BTC is currently only around 0.60 with “literally just thin air until 0.08 minimum.”

Not to mention there are still some catalysts left to extend this latest rally.

Amidst the ongoing accelerated institutional rotation into ETH and mainstream media has started to pick up on the crypto asset, we still have the London upgrade with EIP 1559 coming in July.

Besides improving ETH gas, EIP-1559 will burn a portion of transaction fees, permanently removing it from the supply in circulation and decreasing the daily net issuance of ETH. This would lead to an estimated annual inflation rate (30-day average) of between 1-2%.

Estimated Issuance With EIP-1559

Source: CoinMetrics

Then the merge to Eth 2.0 is expected to happen next year. Ethereum 2.0 staking will also effectively turn ETH into a yield-bearing asset, and already over 4.1M ETH are locked in the Eth 2.0 staking contract with Coinbase to soon introduce Ethereum staking products as well.

While L2 scaling has already started with Polygon (MATIC) particularly gaining traction, DeFi has yet to pull up another season after last summer.

And this is all why “although institutions may still be wading into ETH, ETH should soon get significantly more attractive to institutional investors,” noted Coin Metrics.

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Author: AnTy

SEC Moves To Expunge XRP Holders From Ongoing Ripple Lawsuit With Latest Filing

The US Securities and Exchange Commission’s ongoing lawsuit against blockchain firm Ripple Labs and its executives has taken a new twist.

SEC Files Opposition To Motion To Intervene

In a recent release, the agency filed a motion to stop XRP holders from intervening in the ongoing lawsuit. The filing termed the “Memorandum of Law in Opposition of the Motion to Intervene” seeks to ensure no third party is involved in the ongoing case.

The government agency said this is because the movants have no stake whatsoever and cannot be called in as reliable witnesses due to their association with the defendants.

It also noted that their grievances are properly represented by Ripple Labs and the company’s chairman Chris Larsen and CEO Brad Garlinghouse.

The SEC noted that this is not the first occasion the movants have tried infusing themselves into the case, citing their first filing in the Rhodes Island District Court.

It, however, said that the XRP holders might force the agency to take up a legal case against the body of interested movants since there has not been any reason to bring them into the matter.

The SEC said that this intervention is summarily against the agency’s sovereign immunity, and if the courts decide to let them state their case, it may be forced to bring in other disgruntled investors who feel the defendants were not honest in their dealings with them.

The financial agency also explained that the movants’ cause is a lost one given the fact that whatever funds they lost following the lawsuit on secondary markets cannot be recovered as they are not a party to the case.

The SEC said the recent filing by the lead counsel for the movants Jordan Deaton lacked any new substantive argument as they have repeatedly borrowed from the defendants’ narrative of XRP not being a “security.”

It says this sustained discourse is similar to XRP’s position and shouldn’t, therefore, be allowed to stand in order not to foster delay and confusion.

The regulatory body also jabbed at Deaton’s motive, subtly stating that this could be a platform for the lawyer to gain Twitter prominence following the growing media attention surrounding the case.

Ripple Scaling Up Despite SEC Lawsuit

The SEC’s lawsuit in the closing days of 2020 adversely affected Ripple Lab’s partnerships and its utility token’s valuation in the secondary market.

Following the December filing by outgoing Chairman Jay Clayton, crypto exchanges in the US swiftly delisted the XRP token from their platforms. If that weren’t enough, key partnerships with US companies, went underwater with MoneyGram reneging its agreement with the embattled company.

Ripple CEO Garlinghouse had noted that most of the blockchain company’s business was executed overseas, citing the regulatory haze in the American nation as a deterrent to innovative banking in the country.

He also pointed out that only the US SEC has a problem with the XRP token given that Asian nations, the area XRP has the most influence, do not classify the digital token as a “security.”

In the months that followed, XRP dropped from the 4th most valuable crypto position to the bottom ten, and its value traded way below a dollar.

But following preliminary victories in the opening case with the SEC, the XRP has rallied significantly, and calls for the digital payment firm to be relisted on exchanges have begun making the rounds.

And as the general crypto market has rallied, the XRP token has surged after it rose 17% in April and momentarily reclaimed its position as the 4th most valuable cryptocurrency.

The San Francisco-based fintech company has also been strategically repositioning itself since the SEC lawsuit was made public. Ripple said it was launching a private version of its XRP Ledger Protocol tailored for national banks in a release on its website. This private protocol would help apex banks in the issuance, maintenance, and monitoring of central bank digital currencies (CBDCs), set to serve a secondary role to fiat.

The US tech company also recently appointed former US Treasurer Rosa Gumataotao Rios as a board member. Alongside, financial veteran Kristina Campbell will serve as the company’s Chief Financial Officer (CFO).

Rios’ former role as the currency maker is seen as a strategic move to sell the idea of digital currencies to anti-crypto critics. Campbell would be tasked with the responsibility of accelerating the company’s growth while delivering value to shareholders.

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Author: Jimmy Aki

Raydium (RAY) Alone Accounts for Nearly 90% of Solana Ecosystem’s TVL

Raydium (RAY) Alone Accounts for Nearly 90% of Solana Ecosystem’s TVL

The AMM has hit $1 billion in total value locked, the same as BSC-based stableswap AMM Nerve Finance, which launched on Solana to further its mission to “build the best DeFi products available to the most users.”

Thanks to its low fees and fast transactions, Solana blockchain is gaining traction and trying to level up with Ethereum and BSC.

While the tokens like STEP, SRM, and FIDA are driving the growth of the ecosystem, it is Raydium (RAY) which is accounting for much of the total value locked (TVL) in Solana (SOL).

This week, Raydium hit the milestone of $1 billion in TVL. “No slowing down now. Still a long road ahead!” tweeted the team on Tuesday.

Currently, it is sitting around $900 million, while the entire Solana ecosystem has $1.01 billion worth of assets locked in it.

A Uniswap alternative, Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain. It also supports LP farming to provide liquidity for the Dapps and incentivizes users to join through rewards.

In late February, the project was launched to capture the massive opportunity presented by DEX Serum’s launch on the Solana blockchain, which boasts high speed with extremely low transaction costs. Raydium said at the time,

“This new paradigm presented a massive opportunity to solve the biggest issues in DeFi, by building a fast, efficient AMM that could leverage the existing Serum order flow as well as supply the liquidity in its own pools to the rest of the ecosystem.”

In a matter of just over two months, the protocol has amassed over a billion dollars in assets.

Again, this is thanks to the fact that “the user experience is lightning-fast and costs next to nothing to use,” as put by Joe McCann in “The Unofficial Guide to Yield Farming on Raydium.” Also, it is offering juicy yields, with APR in three digits.

The project had started research on the additional market-making models and partnerships with other protocols as its Q2 2021 goal, followed by leveraging external oracles for improved market-making and governance model ideation in collaboration with partners in the next quarter.

Another project, Nerve Finance, has hit $1 billion in TVL. Launched two months back as the first stableswap AMM on Binance Smart Chain (BSC), last week, Nerve Finance announced its launch on Solana as well.

While the “decision to launch on BSC was originally driven by the low gas fees and fast transactions on BSC, not by ideological beliefs,” the team said they “want to build the best DeFi products available to the most users,” and Solana will help them further this mission.

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Author: AnTy

Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange

Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange

DOGE is the one that is yet again leading the market, closing in on a $100 bln market cap, and is accounting for 41.55% of Upbit’s overall volume, which is also more than Coinbase Pro’s entire volume.

Yet again, DOGE has gone parabolic.

Hitting a new all-time high at nearly $0.69, DOGE is up over 140% in the past 7-days ahead of Tesla CEO and “Dogefather” Elon Musk’s appearance on SNL on May 8.

Dogecoin is currently the 4th largest crypto asset with a market cap of $85 billion.

The DOGE FOMO is getting real, which yet again ends up taking Robinhood down. “We’re currently experiencing issues with crypto trading,” said the retail trading app on Tuesday, yet again, before restoring the crypto trading an hour later.

Retail traders are all simply FOMOing in on the meme coin, as evident from the fact that Dogecoin is the most traded crypto asset on the leading cryptocurrency exchange Binance.

According to CoinGecko, DOGE/USDT on Binance is recording $14 billion in volume, accounting for 19.82% of the overall exchange volume. ETH/USDT and BTC/USDT account for only 7.74% and 6.42% of Binance’s total volume, only to be followed by DOGE/BTC yet again at 3.78%. ETH 9.79% Ethereum / USD ETHUSD $ 3,527.78
$345.379.79%
Volume 48.06 b Change $345.37 Open $3,527.78 Circulating 115.75 m Market Cap 408.36 b
3 h WallStreetBets Launches Blockchain-Powered Exchange Traded Portfolios, Ran Through A DAO 7 h Ether Retraces to Trade Under $3,400 But Several Catalysts Are Still Present to Sent it Higher 8 h Raydium (RAY) Alone Accounts for Nearly 90% of Solana Ecosystem’s TVL
BTC 8.56% Bitcoin / USD BTCUSD $ 57,504.68
$4,922.408.56%
Volume 68.9 b Change $4,922.40 Open $57,504.68 Circulating 18.7 m Market Cap 1.08 t
5 h JPMorgan’s Jamie Dimon Still Has ‘No Interest’ in Bitcoin Despite Growing Adoption 5 h Grayscale Partners with New York Giants, Becoming the Second Crypto Sponsor of an NFL Team 6 h NYDIG Partners with FinTech Giant to Enable US Bank Customers to Buy, Hold, and Sell BTC through their Existing Accounts

Meanwhile, as per Binance owned Coinmarketcap, ETH/USDT derivatives are seeing the highest volume at $20.4 billion, followed by DOGE/USDT derivatives recording $19.4 billion in volume.

While BTC/USDT derivatives are the third most traded pair with a $19.4 billion volume, DOGE/USDT spot trading is yet again seeing $15.8 billion volume.

Just like the global users of Binance, South Koreans are all-in on DOGE as well. Dogecoin is accounting for 41.55% of all the volume on the largest cryptocurrency exchange of the country, Upbit.

Trading at a premium of 9.75%, DOGE/KRW is at $0.7077, down from a $0.7142 high earlier in the day.

Compared to Coinbase Pro’s $9.3 billion total volume, DOGE/KRW alone on Upbit did $14.3 billion in the past 24 hours.

As we previously reported, South Koreans have been more involved in altcoins than Bitcoin and Ether. And this continues with Ethereum Classic accounting for nearly 19% of all Upbit volume and the highest 20.69% on Bithumb.

XRP, BTT, EOS, LINK, and LTC are other popular altcoins on Korean exchanges. XRP 19.50% XRP / USD XRPUSD $ 1.64
$0.3219.50%
Volume 13.38 b Change $0.32 Open $1.64 Circulating 45.4 b Market Cap 74.4 b
8 h SEC Moves To Expunge XRP Holders From Ongoing Ripple Lawsuit With Latest Filing 9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 2 d Due to Increased Demand, Social Trading Platform Firm eToro Now Supports DOGE
BTT 5.17% Blocktrade Token / USD BTTUSD $ 0.00
$0.005.17%
Volume 0 Change $0.00 Open $0.00 Circulating 55.75 m Market Cap 231.49 K
9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 4 w South Koreans Are Trading XRP & BTT More than BTC and Ether 4 w Bitcoin Takes A Dive & Altcoins’ Drop Hard, But People Are Still ‘HODLing and Not Selling’
EOS 39.15% EOS / USD EOSUSD $ 8.75
$3.4339.15%
Volume 8.56 b Change $3.43 Open $8.75 Circulating 953.13 m Market Cap 8.34 b
9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 2 d Due to Increased Demand, Social Trading Platform Firm eToro Now Supports DOGE 1 w USDT Supply on Tron Surpasses Ethereum as Tether Hits $50 Bln in Market Cap
LINK 9.64% Chainlink / USD LINKUSD $ 49.49
$4.779.64%
Volume 4.91 b Change $4.77 Open $49.49 Circulating 419.01 m Market Cap 20.73 b
9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 2 d Due to Increased Demand, Social Trading Platform Firm eToro Now Supports DOGE 4 d Binance Smart Chain (BSC) TVL Reaches $45 Billion, Catching Up Fast to Ethereum
LTC 18.31% Litecoin / USD LTCUSD $ 356.66
$65.3018.31%
Volume 13.11 b Change $65.30 Open $356.66 Circulating 66.75 m Market Cap 23.81 b
5 h Grayscale Partners with New York Giants, Becoming the Second Crypto Sponsor of an NFL Team 9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 2 d Due to Increased Demand, Social Trading Platform Firm eToro Now Supports DOGE

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Author: AnTy