USDC

Bybit Expands Trading Horizons with Solana Options

Retrieved on: 
Tuesday, March 26, 2024
UTA, SOL, BTC, ETH, Unified, Investment, USDC, Cryptocurrency

Starting today, traders can explore an array of new strategies with SOL options, enhancing their trading experience and potential for profitability.

Key Points: 
  • Starting today, traders can explore an array of new strategies with SOL options, enhancing their trading experience and potential for profitability.
  • SOL options on Bybit opens the door to innovative trading strategies.
  • Bybit's Solana options come with specific features designed to empower traders, including seamless trading within Bybit's Unified Trading Account (UTA).
  • "As one of only two current venues offering SOL options, we anticipate the market potential for SOL options to reach half of ETH options volume, mirroring the distribution seen in perpetual contracts," said Hao Yang, head of financial products at Bybit.

Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%

Retrieved on: 
Friday, March 22, 2024
USDC, USDT, Por, ETH, BTC, Cryptocurrency

The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.

Key Points: 
  • The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.
  • It emphasizes Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves.
  • As of March 22nd, Coinmarketcap reports that Bitget's total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC.
  • In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.

Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%

Retrieved on: 
Friday, March 22, 2024
USDC, USDT, Por, ETH, BTC, Cryptocurrency

The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.

Key Points: 
  • The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%.
  • It emphasizes Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves.
  • As of March 22nd, Coinmarketcap reports that Bitget's total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC.
  • In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.

Flash News: OKX Wallet Pioneers the Future of DeFi with Injective Ecosystem DApp Integration, Launches 'Injective Super Season'

Retrieved on: 
Friday, March 22, 2024
Hydro Protocol, Community, The, Black panther, Partnership, American Music Awards, Education, Knowledge, Cross, MPC, OKX, Neptune, Injective function, Decentralized finance, Future, USDT, USDC, Cryptocurrency

OKX Wallet Pioneers the Future of DeFi with Injective Ecosystem DApp Integration, Launches 'Injective Super Season'

Key Points: 
  • OKX Wallet Pioneers the Future of DeFi with Injective Ecosystem DApp Integration, Launches 'Injective Super Season'
    OKX Wallet today announced that it is integrated with DApps from the Injective ecosystem, including Black Panther , Hydro Protocol , Dojo Swap , Levana , Timeworx and Neptune .
  • Key highlights of OKX Wallet and Injective's partnership include:
    Enhanced accessibility and security: OKX Wallet users will now have direct access to the Injective ecosystem's wide array of DeFi applications.
  • Cross-chain compatibility: Leveraging Injective's interoperable smart contracts platform, OKX Wallet users can now seamlessly transact across multiple blockchains with ease.
  • Community empowerment and education: OKX Wallet and the Injective ecosystem are committed to fostering community empowerment and education.

Bit Digital, Inc. Announces Fiscal Year 2023 Financial Results

Retrieved on: 
Monday, March 18, 2024
Electricity, Annual report, GPU, Digital, Artificial intelligence, Soluna, Sale, Shareholder, Nvidia, Graphics processing unit, ETH, BTC, Miner, Growth, Sympathy, Treasury, USDC, Mining, Cryptocurrency

Total revenue for fiscal year 2023 was $44.9 million, a 39% increase compared to the prior year.

Key Points: 
  • Total revenue for fiscal year 2023 was $44.9 million, a 39% increase compared to the prior year.
  • The Company paid approximately $0.05 per kilowatt hour to its hosting partners for electricity consumed during fiscal year 2023.
  • The Company earned 287.0 ETH in native staking and 81.9 ETH in liquid staking, respectively, during fiscal year 2023.
  • We announced the launch of a new business line, Bit Digital AI, during the fall of 2023.

Japanese Banks Adopt IBC for Stablecoin Cross-Chain Transfers

Retrieved on: 
Monday, March 18, 2024
Ethereum, Intel, SGX, JPY, Elis James, Communication, SMBC, BNB, JPX, Interview, Circle, CCTP, Architecture, ETH, Safety, MUFG, IBC, USD, Secure multi-party computation, USDC, Cryptocurrency

 BAAR, Switzerland, March 18, 2024 /PRNewswire/ -- What happened?: TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.

Key Points: 
  • : TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.
  • IBC is a blockchain interoperability protocol used by 110+ chains, facilitating secure, permissionless cross-chain interactions.
  • TOKI expands IBC to non-Cosmos blockchains by providing a Light Client Proxy contract with proof verification within Intel SGX.
  • The transfer was conducted through a lock-and-mint mechanism compliant with ICS-20 , the IBC token transfer module that facilitates tens of millions of transfers per year.

Japanese Banks Adopt IBC for Stablecoin Cross-Chain Transfers

Retrieved on: 
Monday, March 18, 2024
Ethereum, Intel, SGX, JPY, Elis James, Communication, SMBC, BNB, JPX, Interview, Circle, CCTP, Architecture, ETH, Safety, MUFG, IBC, USD, Secure multi-party computation, USDC, Cryptocurrency

BAAR, Switzerland, March 18, 2024 /PRNewswire/ -- What happened?: TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.

Key Points: 
  • : TOKI successfully enabled the cross-chain transfer of an ERC20-compatible token, designed as a stablecoin backed by multiple Japanese banks, on Ethereum (Sepolia) to BNB Chain testnets using IBC.
  • IBC is a blockchain interoperability protocol used by 110+ chains, facilitating secure, permissionless cross-chain interactions.
  • TOKI expands IBC to non-Cosmos blockchains by providing a Light Client Proxy contract with proof verification within Intel SGX.
  • The transfer was conducted through a lock-and-mint mechanism compliant with ICS-20 , the IBC token transfer module that facilitates tens of millions of transfers per year.

KuCoin Research Report: Parallel Trends - Crypto Market Entered Extreme Greed Zone and Surge in $4.55 Billion Rise in USDT & USDC Issuance

Retrieved on: 
Tuesday, March 12, 2024
Bitcoin, Ethereum, Research, TUSD, AI, ETH, BTC, USDT, Blockchain, USDC, Cryptocurrency

The report highlights an extreme greed sentiment catalyzed by surging major stock indices and notable performances in Bitcoin and AI-driven crypto projects.

Key Points: 
  • The report highlights an extreme greed sentiment catalyzed by surging major stock indices and notable performances in Bitcoin and AI-driven crypto projects.
  • It also delves into the significant issuance increase in stablecoins USDT and USDC, with the issuance volume of USDT increasing by 2.79 billion in February, and that of USDC increasing by 1.76 billion, signifying heightened market liquidity.
  • February witnessed the crypto market aligning closely with AI advancements, with the sector accelerating token issuances and exploring AI-integrated projects.
  • It serves as a crucial resource for understanding the intricate market dynamics and preparing for future developments in the crypto landscape.

KuCoin Research Report: Parallel Trends - Crypto Market Entered Extreme Greed Zone and Surge in $4.55 Billion Rise in USDT & USDC Issuance

Retrieved on: 
Tuesday, March 12, 2024
Bitcoin, Ethereum, Research, TUSD, AI, ETH, BTC, USDT, Blockchain, USDC, Cryptocurrency

The report highlights an extreme greed sentiment catalyzed by surging major stock indices and notable performances in Bitcoin and AI-driven crypto projects.

Key Points: 
  • The report highlights an extreme greed sentiment catalyzed by surging major stock indices and notable performances in Bitcoin and AI-driven crypto projects.
  • It also delves into the significant issuance increase in stablecoins USDT and USDC, with the issuance volume of USDT increasing by 2.79 billion in February, and that of USDC increasing by 1.76 billion, signifying heightened market liquidity.
  • February witnessed the crypto market aligning closely with AI advancements, with the sector accelerating token issuances and exploring AI-integrated projects.
  • It serves as a crucial resource for understanding the intricate market dynamics and preparing for future developments in the crypto landscape.

Deribit Launches Altcoin Options for SOL, XRP, & MATIC

Retrieved on: 
Monday, March 11, 2024
XRP, USDC, SOC, SOL, SOC 2, ISO, USD, ETH, BTC, MATIC, Cryptocurrency

PANAMA CITY, March 11, 2024 /PRNewswire/ -- Deribit, the world's largest crypto options exchange, announced the launch of three altcoins options: Solana (SOL), XRP, and Polygon (MATIC). SOL options begin trading today and will be followed tomorrow by options on MATIC and XRP.

Key Points: 
  • PANAMA CITY, March 11, 2024 /PRNewswire/ -- Deribit, the world's largest crypto options exchange, announced the launch of three altcoins options: Solana (SOL), XRP, and Polygon (MATIC).
  • SOL options begin trading today and will be followed tomorrow by options on MATIC and XRP.
  • The price of Solana increasing by over 1700% since the beginning of 2023 has set the stage for blockbuster activity in Solana options.
  • With the addition of three altcoin options, Deribit now offers more trading possibilities for traders and an intuitive product for altcoin investors to express broad opinions on the market.