New Synthetix app chain aims for cross-chain liquidity for SNX staking, perps
Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.
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Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.
Edward Mehr of Machina Labs delves into the integration of robotics and AI to revolutionize metal forming for defense and aerospace applications. (Read More)
Bitcoin price fell closer to $56,000, leading traders to question whether the bull market is coming to an end. US job market data could hold the answer.
Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants.
One CFTC commissioner dissented, calling the action regulation by enforcement.
In today's news feature: is legal Futures Trading coming soon in the Philippines?
Zach Bradford, CEO of Bitcoin (BTC) mining firm CleanSpark, has predicted that the premier cryptocurrency may peak close to $200,000 this cycle. Bradfords Bullish Take On BTC Price In an interview with research and brokerage firm Bernstein, CleanSparks CEO noted that historically, post-halving periods have led to several positive adjustments for BTCs price. It should be recalled that Bitcoin underwent its fourth halving in April 2024, when its block confirmation rewards were slashed from 6.250 BTC to 3.125 BTC. In a note to clients shared today, Bradford remarked: Based on my current analysis, I believe we could see bitcoin peak just under $200,000, sometime in the next 18 months. Thatll likely be a peak. But I do think well see a rapid jump, and then hopefully, an extended elongated period of it being up before we revisit a bear cycle. Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline Bradford stressed that he sees Bitcoins extended flat period as a positive sign. It indicates that a sustained rally to the upside may last longer than usual. However, he cautions that this depends on macroeconomic events and other relevant factors. Adding to his comments, Bradford said he expects a considerable push in BTC price post-election through January 2025. Subsequently, this could help Bitcoin miners with efficient cost structures expand their profit margins. Interestingly, the CleanSpark CEO doesnt think its important who wins the US presidential elections in November 2024. Rather, the reduction in electoral uncertainty after the elections will help investors place more confidence in risk-on assets such as Bitcoin. Bradford opined that the US Federal Reserve (Fed) was late in cutting interest rates after hiking them over the past two years. He concluded that to correct its delayed action, the Fed might cut rates more aggressively in the next 15 to 16 months, leading to further BTC price appreciation. Bitcoin Price Looks For Further Upside, But Challenges Remain After hitting a low of nearly $53,900 on September 6, Bitcoin has rebounded by nearly 10% on the back of multiple positive developments, such as the Fed cutting interest rates by 50 basis points (bps), and increased net daily inflows to ETFs. Related Reading: Bitcoin Set For Biggest September Gains In A Decade: Heres Why Crypto analysts believe that there is room for further upside in Bitcoin price. For instance, analysts from 10x Research predict that BTC may reach $70,000 in the coming two weeks, followed by a new all-time high (ATH) price. However, there are reasons to temper this optimism. For example, the recent Bitcoin rally has been accompanied by a rapid increase in open interest, indicating the possibility of high price volatility in the near term. Similarly, another analyst highlighted the greater increase in derivatives trading compared to spot trading as a cause for concern regarding a healthy Bitcoin price trajectory to the upside. Bitcoin trades at $63,710 at press time, down 3.2% in the past 24 hours. Featured image from Unsplash, Chart Tradingview.com
Binance Bahrain B.S.C. (c) will now provide services for South African derivatives users, ensuring compliance with local regulations. (Read More)
The HKMA and SFC have concluded their consultation on enhancements to Hong Kong's OTC derivatives reporting regime, aiming for implementation in September 2025. (Read More)
An Avalanche spokesperson told Cointelegraph that the grant program will reward developers who create layer-1 chains and critical tools on the Avalanche9000 testnet.
The Central Bank of Ireland is leading calls to democratize finance and boost financial inclusivity by implementing the EUs MiCA regulations, highlighting the countrys priorities.
The Philippines DOST-ASTI introduced blockchain, NFTs and crypto to youth, focusing on real-world applications and fostering innovation for the future.
The Hemi Network team claims tunneling allows Bitcoin and Ethereum to coexist without the attack vectors associated with cross-chain bridges.
Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market, according to K33 Research.
A new AI tool developed by FIDO Tech uses sound waves to detect and rank water leaks, partnering with Microsoft to conserve water globally. (Read More)
RedStone's integration with TON will introduce real-time asset prices, aiming to enhance DeFi, GameFi, and social applications.
Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain.
Standard Chartereds venture capital arm gets a toehold in Europe with its investment in the EUs only MiFID II-compliant crypto platform.
The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.
The Silicon Beach wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit.
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