January 5, 2024 | Asset Listings, Product Kraken now supports new margin pairs for NEAR Protocol (NEAR) and Sei network (SEI)! Margin trading is now available using the below pairs for NEAR and SEI: Pair basePair nameAvailable leverageLong Position Limit Short Position LimitNEARNEARUSD3800010000SEISEIUSD24000045000 Here’s what you need to know about the assets: NEAR Protocol (NEAR) is a cloud-based computing platform for…
The 9.6% intraday Bitcoin (BTC) price correction on Jan. 3 dropped the price to $40,940 and created turmoil and substantial losses for derivative traders. This is evident from the $137 million in leverage long futures liquidations, marking the highest in over four months. Fortunately, for bulls, Bitcoin price rebounded somewhat quickly and currently trades above $44,000. This has raised the…
The United States Securities and Exchange Commission has filed a motion in federal court asking a judge to consider a summary judgment ruling in its case against crypto exchange Binance. In a Jan. 3 filing in the U.S. District Court for the District of Columbia, the SEC said a Dec. 28 ruling in the commission’s case against Terraform Labs and…
The amount of “buy the dip” mentions on social media rose to the highest levels in 22 months, according to data from Santiment. The blockchain analytics firm said the number of social media mentions for the phrase rose to 323, the highest since March 25, 2022. A significant rise in “buy the dip” mentions across social platforms is an indication of…
While many crypto holders anxiously await the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, one group of financial experts appears to be pessimistic about this prospect. According to a survey from ETF issuer Bitwise published on Jan. 4, only 39% of U.S.-based financial advisers believe a Bitcoin ETF will be approved this year. The findings…
The United States Securities and Exchange Commission implicitly accepted Ether (ETH) as a commodity when it approved ETH futures exchange-traded funds (ETFs) last year — meaning a spot ETF variant is likely set for this year — according to Bloomberg ETF analyst James Seyffart. Speaking during CryptoQuant’s private webinar on Jan. 4, Seyffart alluded to the approval of Ether futures ETFs…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Binance’s secret sauce, Bitget gets going Cryptocurrency exchange Binance claims that it grew its user count by 30% year over year to 170 million. According to Binance’s 2023 Annual Report published on December 28, its expansion efforts appear to be unaffected by its recent $4.3 billion…
Crypto venture capital firm Polychain Capital has confirmed the X (formerly Twitter) account of its founder and CEO Olaf Carlson-Wee has been compromised, with the hacker posting phishing links disguised as a website to claim an airdrop. In a Jan. 4 statement, Polychain urged X users to avoid interacting with Carlson-Wee’s handle until further notice. Important Notice: Olaf’s personal twitter…
As 2023 drew to a close and with the start of 2024, the crypto market is once again experiencing a resurgence, one that is reminiscent of the bull run witnessed back in December 2020. The ongoing revival has brought with it a renewed sense of optimism and potential, with investors hoping for a major turnaround. To this point, since the…
Embattled crypto lending platform Celsius has confirmed it has started recalling and rebalancing its crypto assets, including Ether (ETH), as it prepares for “timely distributions to creditors.” On Jan. 5, the lending firm, which has been in bankruptcy court since its Chapter 11 filing in July 2022, stated that it has begun shifting assets to “ensure ample liquidity” in preparation…
