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Market Digest

Market Digest

Restaking's New Option and Binance's Determination on Compliance

Restaking's New Option and Binance's Determination on Compliance

EigenLayer and restaking What is restaking? Restaking enables staked ETH to be used as cryptoeconomic security for protocols other than Ethereum, in exchange for protocol fees and rewards.Why is it great?For token holders, restaking offers the opportunity to re-utilize their staked coins, thereby enhancing yield generation by staking

CEXs & TradFi Movements Boost Institutional Crypto Investments

CEXs & TradFi Movements Boost Institutional Crypto Investments

Binance allows large crypto funds to custody assets in banks Accoding to FT report, Binance has begun to allow some larger crypto traders to keep their assets at independent banks, including Switzerland’s Sygnum Bank and Flow Bank. Previously, Binance clients could only hold their assets either on the exchange

Binance Launchpool Investment Strategy Shift and FTX Claim Notice

Binance Launchpool Investment Strategy Shift and FTX Claim Notice

Launchpool token price pattern changed on Binance When it comes to Launchpool tokens, many participants choose to sell their 'free' tokens as soon as they hit their account. This is often due to the anticipation that the new token's price will reach its peak within the

HTX Transforms into "People's Exchange"

HTX Transforms into "People's Exchange"

HTX DAO After the acquisition of Huobi and its rebranding to HTX, Justin Sun has announced the establishment of a new HTX DAO. Considering Justin's exceptional marketing skills, there is a strong possibility of a significant surge that could potentially contribute to the growth of HTX, at least

Bitcoin ETFs Generate $4.6 Billion Trading Volume

Bitcoin ETFs Generate $4.6 Billion Trading Volume

First day of Bitcoin spot ETF On the first day of trading for spot Bitcoin ETFs, the total volume reached $4.6 billion, indicating strong initial interest. However, it is worth noting that approximately 50% of this volume came from GBTC. Considering GBTC's higher fee of 1.5%

ETF Approval: Impact of Overconfidence on Market Dynamics

ETF Approval: Impact of Overconfidence on Market Dynamics

Delisting privacy coins Just days after crypto exchange OKX announced the delisting of top privacy coins Monero (XMR), Zcash (ZEC) and Horizen (ZEN), Binance has added these coins to a list of tokens at risk of being delisted. What are privacy coins? Privacy coins are cryptocurrencies with privacy-enhancing features designed

Hong Kong Paves Way for Spot Bitcoin ETFs

Hong Kong Paves Way for Spot Bitcoin ETFs

Binance Will Launch USDC-Margined Perps Binance Futures will launch the USDC-margined BTC, ETH, BNB, SOL, and XRP Perpetual Contracts starting from 2024-01-03 12:30 (UTC) with up to 125x leverage. Despite the legal challenges faced in the US, Binance has chosen to proceed with these derivatives, alongside their Launchpad series,