Launchpool Project Binance will soon support a new decentralized finance (DeFi) staking protocol, ether.fi (ETHFI), through its Launchpool platform. Users can stake BNB and FDUSD to earn ETHFI tokens over four days starting March 14, 2024. ETHFI Protocol ETHFI aims to provide a secure way to stake Ethereum while maintaining self-custody. Binance has assigned a…
Canadian rapper Drake has introduced Bitcoin to a massive audience by sharing a clip from Michael Saylor’s CNBC interview on his Instagram. Drake’s Bitcoin Endorsement Drake shared a 15-second clip where Saylor discusses Bitcoin’s superiority over gold and its potential to transform the financial landscape. Drake captioned the post “Michael Saylor on Bitcoin,” reaching over…
Patient Capital, an asset manager with over $1.8 billion in assets, is planning to invest up to 15% of its funds in Bitcoin ETFs. Shift to Bitcoin ETFs The move signals a shift from the Fund’s previous focus on Grayscale’s Bitcoin Trust. Patient Capital will now invest in Bitcoin ETFs registered under the Securities Act…
Shiba Inu (SHIB) is on a roll, with its price and other metrics hitting new highs. Now, it’s getting even easier to buy SHIB with the integration of ATMs in Australia. ATMs Spread the Shiba Love LocalCoin, an Australian crypto ATM company, has partnered with Shiba Inu. This means you can now buy SHIB at…
An Ethereum layer-2 project has seen a significant surge in value after being listed on Binance, the world’s largest cryptocurrency exchange. Binance Lists Metis (METIS) On Monday, Binance announced the listing of Metis (METIS), an Ethereum scaling solution. The token responded positively, rising by over 39%. Metis aims to provide faster and cheaper transactions than…
Signs of a Bullish Market On-chain analyst Willy Woo believes Bitcoin is in a full-blown bull market, citing strong on-chain activity. He notes that Bitcoin’s price is rising and coins are moving actively, indicating real investors are purchasing and holding Bitcoin. Spot ETFs as a Remedy Woo also highlights the approval of spot Bitcoin exchange-traded…
Raoul Pal, a renowned financial expert, predicts a bright future for Solana (SOL). He believes the cryptocurrency could reach new all-time highs, with a potential surge of 235% to 570% from its current levels. Solana: The Next Ethereum? Pal draws parallels between Solana and Ethereum (ETH) in the previous market cycle. He suggests that Solana…
A renowned trader predicts a bullish future for Bitcoin and the altcoin market, emphasizing the importance of a long-term perspective. Bitcoin’s Bullish Factors ETF Adoption: The approval of Bitcoin exchange-traded funds (ETFs) has increased accessibility and appeal to a wider audience. Generational Mindset Shift: The pandemic has led to increased online activity, gambling, and a…
Grayscale’s GBTC Struggles with High Fees Grayscale’s Bitcoin Trust (GBTC) has lost $11 billion in assets due to its higher fees. Investors have been switching to competing ETFs with lower costs. Grayscale Considers Spin-Off To address this issue, Grayscale is considering a spin-off. They plan to create a new ETF called the “Grayscale Bitcoin Mini…
Shibarium’s Growth Shiba Inu’s layer 2 scaling solution, Shibarium, has hit a new all-time high in Total Value Locked (TVL), reaching $2.25 million. This surge is driven by increased demand and adoption. Key Milestones TVL has increased by over 60% compared to the previous record in 2023. Shibarium has over 1.3 million active wallet addresses….
