Bitcoin Fair Value Target Set at $45K Amidst Macroeconomic Headwinds
Bitcoin's 'fair value' has been identified by analysts at a price point below $50,000, with a specific target of $45,000 emerging as broader market concerns mount.
1 min read
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Latest news from the Web3 ecosystem
Nansen Establishes Bhutan Entity in Gelephu Mindfulness City
Blockchain analytics firm Nansen is setting up a local entity and hiring in Bhutan's Gelephu Mindfulness City, aligning with the region's digital asset ambitions.
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Smarter Group Secures $30M Coinbase Credit Facility for Swift Bitcoin Acquisitions
UK-based Smarter Group has secured a $30 million credit line from Coinbase to expedite Bitcoin purchases. This facility aims to streamline equity settlement processes, allowing for quicker Bitcoin acquisitions, especially during market volatility.
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Adam Back's BSTR Aims for Public Listing Amidst Crypto Volatility
Adam Back's company, BSTR, is progressing with plans for a public listing, targeting potential approval in April. This move comes despite a challenging market environment for Bitcoin and related companies.
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Binance Expands Real-World Asset Offerings with Ondo Tokenized Stocks
Binance has listed ten tokenized stocks from Ondo Finance, expanding access to real-world assets on its platform following UAE regulatory approval.
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Oobit Integrates Crypto-to-Bank Transfers via Local Payment Networks
Tether-backed Oobit enhances its crypto payment services by enabling direct transfers from user wallets to local bank accounts, expanding its utility beyond everyday purchases.
2 min read
Kraken Launches 24/7 Perpetual Trading for Tokenized US Stocks
Kraken is enabling round-the-clock trading of derivatives on tokenized U.S. stocks, offering up to 20x leverage to users. This move bridges traditional finance with the digital asset space.
2 min read
Meta Eyes Stablecoin Resurgence in H2 2024
Meta is reportedly preparing a return to stablecoin-based payments, aiming for a launch in the latter half of 2024 with third-party vendor support and a new wallet solution.
1 min read
Bitcoin's US Demand Indicator Hits Record 40-Day Negative Streak
Bitcoin's U.S. demand signal has remained negative for a record 40 consecutive days, indicating a sustained absence of domestic buying interest. This prolonged downturn suggests deeper structural issues rather than a temporary lull.
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SEC Approves WisdomTree's Blockchain-Based Treasury ETF
The Securities and Exchange Commission has approved WisdomTree's application for an exchange-traded fund focused on tokenized U.S. Treasuries, enabling instant, 24/7 trading. This marks a significant development for the burgeoning tokenized asset market.
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Bitcoin Investors Face Potential Losses as On-Chain Signals Flash Red
Historical on-chain data suggests Bitcoin may be poised for further declines, with current 'loss-realization' patterns mirroring previous market downturns that pushed BTC below key price levels.
1 min read
Binance Reintroduces Tokenized Stocks via Ondo Finance Partnership
Binance has relaunched its tokenized stock trading service, listing U.S. equities tokenized by Ondo Finance on its Binance Alpha platform. This move marks the exchange's renewed push into offering traditional financial assets in tokenized form.
2 min read