Author: admin

Traders work on the floor of the New York Stock Exchange.new york stock exchangeU.S. stock futures fell slightly on Wednesday morning as major average stock prices rose.Dow Jones Industrial Average futures fell 95 points, or 0.22%. S&P 500 futures and Nasdaq 100 futures fell 0.31% and 0.46%, respectively.Wall Street is coming off a solid day of trading for major averages as tech stocks outperformed and oil prices fell from their highs. The Dow Jones Industrial Average rose 126 points (0.3%) across 30 stocks. The S&P 500 rose nearly 1%, and the Nasdaq Composite rose about 1.5%.The moves appear to reflect…

Leading investment management firm Canary Capitals has joined the race to launch an XRP exchange-traded fund (ETF) following the first filing by Bitwise. The investment company filed an S-1 form with the U.S. Securities and Exchange Commission on Tuesday, announcing its intention to launch an XRP ETF. According to the filing, Canary named the fund the Canary XRP ETF to provide investors with an alternative means of exposure to the seventh-largest crypto asset by market capitalization. Canary said in an SEC filing that the investment vehicle will enhance exposure to XRP and that the product’s net asset value (NAV) will…

Cryptocurrency trading platform Crypto.com announced that it has filed a petition with the CFTC and SEC in the United States. The idea is to join industry colleagues in securing the future of cryptocurrencies in the United States. Crypto.com and its petition to the US SEC and CFTC to protect the future of cryptocurrencies Crypto.com, a well-known cryptocurrency trading platform, has joined its industry peers in filing a petition with the US SEC and CFTC. Here is the announcement about X from Kris Marszalek, CEO of Crypto.com: “Today, http://Crypto.com filed a lawsuit against the SEC to protect the future of cryptocurrencies…

Gloria Mathias today APAC News Blockchain Technology Business Payments WadzChain Network, a Singapore-based global innovator in blockchain technology, announced the launch of one of the first hybrid blockchains aimed at transforming global payments for businesses. WadzChain’s hybrid blockchain is designed to serve all types of payment needs, including micropayments, bulk payments, disbursements, benefits, and more. The company aims to provide interoperability across all digital currencies, including CBDC, and become the central switch for all payments worldwide. Its hybrid architecture (layer 1 public, layer 2 private) uses Proof of Stake (PoS) for public consensus and Proof of Authority (PoA) for private…

Sponsored post* In the world of cryptocurrencies, trends change rapidly, causing coins to rise and fall. As investors seek new opportunities, a number of large traders, or “whales,” are reportedly investing heavily in Cutushi, a hot new token. Rise of Katushi (CUTO) Cutushi is quickly establishing itself in the cryptocurrency space by combining elements of meme culture and DeFi technology. Just like Dogecoin did when it first became popular. CUTO was launched with a community-first approach and a focus on decentralization. Its MemeFi platform combines a decentralized multi-chain exchange with a token farming and education platform. Tokenomics uses fees from…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to show its strength in the volatile crypto market. Recent developments such as ETF flows and price analysis paint a picture of digital assets poised for potential growth.Ethereum ETF flows: mixed bagOn October 4, Ethereum ETFs had a total of $7.4 million in net inflows, with BlackRock’s ETHA ETF leading the way with $14.7 million in inflows. However, this positive momentum was partially offset by Grayscale’s ETHE, which experienced outflows of $8.2 million. Bitwise’s ETHW ETF recorded a small inflow of $900,000, while other ETFs remained relatively stable.Interestingly, there was no…

After missing it for years, Coinbase users finally have access to a major upgrade: the ability to send Bitcoin to Taproot addresses. On Tuesday, Coinbase addressed this gap, allowing millions of users to take advantage of Taproot’s privacy and cost-saving features and “access more on-chain destinations.”This update addresses long-standing complaints from Coinbase users who have not been able to take full advantage of upgrades since Taproot’s launch in November 2021.Prior to this update, many Coinbase users were reporting issues when sending Bitcoin to Taproot addresses, leading to delayed or failed transactions. The new integration will allow Coinbase users to join…

Have you heard of Tether’s USDT? It’s a stalwart of the cryptocurrency scene. People love it because it is as stable as a rock. Let’s take a look at why it’s so important and why it’s so important to lock and load your USDT wallet for everyday transactions. Market capitalization Tether’s USDT is no small thing. It is the third largest cryptocurrency on the market, with a market capitalization of nearly $120 billion. That’s not much of a change! Essentially, it’s the go-to digital dollar for traders around the world, whether they’re in the busy markets or trading crypto from…

Young Chinese people have jumped into stock trading in the past two weeks, after the Chinese government took its most aggressive measures yet to revive economic growth and encourage consumers to spend.One popular online stock trading app has seen a surge in new accounts from people under 30. An account manager at a securities firm in northeastern China was inundated with questions from first-time investors. University students spent their Golden Week holidays reading investment advice last week.These new investors are looking to cash in on a piece of the biggest market rally in nearly two decades. But they are taking…

The Sui blockchain ecosystem has achieved a significant milestone with the launch of native USD coin (USDC) on Sui mainnet. USDC, one of the most widely used stablecoins in the decentralized finance (DeFi) space, has been integrated into the Sui network to further strengthen liquidity and support the platform’s growing financial infrastructure. This development coincides with Sui’s Total Value Locked (TVL) passing the $1 billion mark, indicating the network’s growing prominence in the DeFi environment. As a major addition to the Sui ecosystem, USDC facilitates the stable transfer of value between various decentralized applications (dApps), making it easy for users…