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Crypto Market Reaches $1.74 Trillion Valuation; Bitcoin Hits $45K Amid ETF Speculation The cryptocurrency market has experienced a significant surge, reaching a valuation of $1.74 trillion in the past 24 hours. Bitcoin, the leading digital currency, has climbed above the $45K threshold, marking a 4.65% increase in comparison to the U.S. dollar. Additionally, global trading […]

Introduction The stablecoin market concluded 2023 with a combined value of around $131.69 billion in terms of market capitalization. However, only two out of the top ten stablecoins experienced increases in their 30-day supply. Tether, the leading U.S. dollar-pegged crypto asset, observed a 2.5% uptick in its supply, while the newcomer, First Digital USD, enjoyed

Radiant Capital Confirms Flash Loan Attack Radiant Capital, a decentralized finance (defi) platform, has confirmed that it fell victim to a flash loan attack on January 2, 2023. The attack resulted in the protocol accruing bad debt in the WETH market, totaling about 1.3% of the total protocol TVL. According to blockchain analytics firm Peckshield,

Proposed Rule Changes Filed for 11 Spot Bitcoin ETFs Eleven spot bitcoin exchange-traded funds (ETFs) are moving closer to approval by the U.S. Securities and Exchange Commission (SEC). Proposed rule changes to list and trade all 11 spot bitcoin ETFs on stock exchanges have been filed with the SEC. An ETF analyst confirmed that the

The U.S. Securities and Exchange Commission (SEC) has recently issued a warning to investors regarding the risks associated with fear of missing out (FOMO). The SEC emphasized that just because others may be investing in a particular opportunity, it does not necessarily mean that it is the right choice for everyone. In light of the

This year, similar to the speculation of the previous year, market observers eagerly await the U.S. Federal Reserve's decisions regarding the federal funds rate. There is a particular focus on potential rate cuts in the coming months. According to Ellen Zentner, Morgan Stanley's lead economist in the U.S., rate reductions are predicted. However, she cautions

The Importance of Custodial Risk When it comes to the approval of the Bitcoin Spot ETF, one question arises: Who's carrying the bags? As Coinbase secures its position as custodian for 9 out of 12 Bitcoin Spot ETF applications, it's worth delving into the risks associated with this role. Custodial risk refers to the potential

Cleva, a Nigerian fintech startup, has successfully raised $1.5 million in pre-seed funding, with support from Y Combinator, a prominent technology startup accelerator in the United States. The funding round was led by 1984 Ventures, an early-stage venture capital firm, and included participation from The Raba Partnership, Byld Ventures, Firstcheck Africa, and a number of

Peter Brandt's Perspective on Bitcoin ETFs According to veteran trader Peter Brandt, the current hype around bitcoin exchange-traded funds (ETFs) may serve as a signal for experienced traders to sell their holdings. Brandt also believes that the anticipated approval of spot bitcoin ETFs can be seen as a classic "buy the rumor, sell the news

Introduction In the wake of the recent approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a statement to clarify the regulator's stance on bitcoin and cryptocurrency. While approving spot bitcoin ETFs, Gensler emphasizes that this does not signify the SEC's endorsement of bitcoin or other