Author: CryptooTimes
BounceBit has announced its roadmap to democratize high-yield opportunities in Bitcoin investing by merging centralized and decentralized finance. BounceBit, a new Bitcoin restaking startup backed by Binance, has unveiled its roadmap for 2024, outlining key aspects the project is planning to implement this year. In a Medium blog post on May 20, BounceBit announced its intention to combine the structure and liquidity of centralized exchanges like Coinbase while building decentralized infrastructure for Bitcoin “as an asset, without altering its core technology.” The startup explicitly stated it will not launch a sidechain or layer-2 solution, saying “recent trends, like runes and…
Ethereum price soared to a 2-month high at $3,700 today as analysts significantly boosted their expectation that a spot ETH ETF could be approved. Source link
Financial advisors seeking to navigate the crypto custody landscape must understand the full spectrum of crypto custody options, balancing innovation with risk management to optimize client portfolios. Source link
Dragonfly Capital’s Haseeb Qureshi raised concerns about theories of recent listings on Binance, hinting at complexities behind market fluctuations. The drop in prices of tokens listed on Binance over the past six months might not be the result of venture capital dumping, but rather a more nuanced interplay of market dynamics, suggests Dragonfly Capital managing partner Haseeb Qureshi. In an X article published on May 19, Qureshi raised concerns over data published by @tradetheflow_, who found that recent Binance listings, dubbed “high FDV, low float” tokens, have experienced significant declines despite initial optimism. Looking at all the new listing of…
If a 19b-4 spot Ether ETF filing be approved, analysts anticipate the SEC won’t immediately sign off on the S-1, which is required for the products to launch. Source link
Bitcoin (BTC) is adding to gains alongside ETH’s advance, now higher by more than 5% and just shy of the $70,000 mark. Also on the move is the Grayscale Ethereum Trust (ETHE), a closed-end fund that Grayscale has proposed converting into a spot ETF. It’s recently been trading at more than a 20% discount to net asset value as investors bet against SEC approval, but is now higher by more than 23% on Monday. Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano whales are migrating to Solana and Rollblock amid a market uptrend, driven by the recent bullish momentum and impressive performance of these emerging tokens. The crypto market is gradually picking up from an extended bearish momentum, with most cryptocurrencies undergoing price resurgence from the general altcoin market to AI and Big Data crypto coins. While top crypto coins like Solana (SOL) have shown positive signs with a sharp uptrend, it has drawn investors’ attention from other tokens like…
Digital asset investment funds attracted $932 million in weekly inflows, according to CoinShares data. Source link
That doesn’t mean the ETFs will be authorized, though. Would-be issuers also need their S-1 applications approved before the products could begin trading. SEC could take an indefinite amount of time to approve the S-1 documents, one person familiar with the matter said, as it isn’t tied to a deadline. Source link
How do the investment trends in Q1 2024 differ between traditional startups and crypto projects? Global startup funding has experienced a notable decline recently. According to Crunchbase, despite an improvement over Q4 2023, first-quarter startup investment in 2024 reached its second-lowest point since 2018. For context, in Q1 2022, global startup funding was $171.4 billion. By Q1 2023, this figure had plummeted to $82.4 billion. The decline continued into Q1 2024, with funding dropping further to $66.1 billion. This decline translates to a 52% drop from 2022 to 2023 and an additional 19.7% decline from 2023 to 2024. Source: Crunchbase The…
