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Market Digest

Market Digest

HyperLiquid Airdrop: 1B $HYPE Tokens for Early Users!

HyperLiquid Airdrop: 1B $HYPE Tokens for Early Users!

HyperLiquid is airdropping 1 billion $HYPE tokens, with 31% for early users from a past campaign. Meanwhile, Tether is discontinuing EUR₮, with holders needing to redeem by 2025. Additionally, Binance has launched BFUSD, offering daily airdrop yields and collateral for futures trading.

Shorting MSTR as Bitcoin Hits ATH: Citron's Bold Bet on BTC

Shorting MSTR as Bitcoin Hits ATH: Citron's Bold Bet on BTC

Citron Research is shorting $MSTR as Bitcoin hits $100K, noting a detachment from BTC fundamentals. Coinbase will delist wBTC on December 19, 2024, to promote its own cbBTC. OKX launched free, instant SGD deposits and withdrawals via DBS in Singapore.

Memecoins on another run: Driving Retail Flow for CEXs

Memecoins on another run: Driving Retail Flow for CEXs

ACT & PNUT memecoins surge as Binance and OKX list them, showing CEXs may now need memecoins to drive retail flow. OpenSea 2.0 announces UI upgrades, XP points, and a potential airdrop. Arkham launches a perpetual exchange with 0 maker fees and ARKM perks, boosting ARKM's value.

New All-Time High: Bitcoin But Not ETH

New All-Time High: Bitcoin But Not ETH

Binance and Coinbase clash over listing fee claims, with industry leaders sharing mixed experiences. Bitcoin hits a new all-time high, while Ethereum lags. Meanwhile, USDG, a yield-sharing stablecoin, enters the market, aiming to challenge established players.

HKEX to Launch Virtual Asset Index Series in November

HKEX to Launch Virtual Asset Index Series in November

HKEX is set to launch a Virtual Asset Index Series on November 15, 2024, offering benchmarks for major cryptocurrencies. OKX partners with Standard Chartered for third-party custody. Binance introduces a new wealth management platform for advisors.

Kraken to Launch INK Blockchain for DeFi in 2025

Kraken to Launch INK Blockchain for DeFi in 2025

Sky's co-founder proposes rebranding options to address community confusion. Kraken plans to launch its INK blockchain for DeFi in 2025. The SHAR token faces operational challenges post-launch.

CoinDesk Acquires CCData and CryptoCompare for Data Enhancement

CoinDesk Acquires CCData and CryptoCompare for Data Enhancement

CoinDesk has acquired CCData and CryptoCompare to boost its data services. Radiant Capital experienced a significant $51M hack, urging users to act quickly. BlackRock is exploring the use of its BUIDL token as collateral with major crypto exchanges.