Crypto Futures Trading

2023-03-20 08:36:02 Tron Founder Justin Sun Proposes A $1.5 Billion Offer To Acquire Credit Suisse

In a recent statement, Justin Sun, the founder of Tron, expressed his view that UBS’s bid for Credit Suisse was insufficient. Instead, he proposed his own offer of $1.5 billion to acquire the bank and integrate it into the world of Web 3.0. Sun noted that Switzerland has been a leader in embracing cryptocurrencies and blockchain technology, and he believes that the future of finance lies in these technologies.

Tron Founder believes that acquiring Credit Suisse and transforming it into a crypto-friendly financial institution would set a new standard for financial innovation. He sees Switzerland’s crypto-friendly policies as an advantage and aims to position the acquisition as a leader in the industry. Sun made this proposal as an alternative to UBS’s bid for Credit Suisse, which he believes falls short. According to reports from the British Financial Times, UBS, a Swiss multinational investment bank, offered to purchase Credit Suisse for a maximum of $1 billion in US currency. The Swiss authorities aim to complete the merger by Monday.

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2023-03-19 09:06:02 Binance To Allow ETH 2.0 Staking Withdrawals After Shapella Upgrade

With the Shanghai and Capella upgrades getting closer and closer, exchanges and platforms are also starting to move. Binance was one of the first exchanges to stay ahead. Since the future Ethereum Shanghai and Capella upgrades (Shapella upgrade) will enable ETH staking withdrawals, Binance will enable ETH redemptions on the ETH 2.0 Staking page within one week of the function being accessible on the Ethereum network.

The exchange said that after the Shapella upgrade is complete, it will notify users more specifically. Binance was one of the first exchanges to announce support for the Shapella upgrade, earlier in Ethereum’s previous The Merge upgrade, The exchange has also supported staking ETH using the Proof-of-Stake (PoS) mechanism. Binance will implement daily ETH redemption limits for each user due to processing constraints on the Ethereum network. A waiting list for ETH redemption is also predicted, according to the exchange.

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2023-03-18 14:33:45 #FTM I see a strong bullish flag recently broken through! Buying here on the breakout and setting an order to average on the retest.

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2023-03-18 14:20:06 #GRT Noticed a broken descending resistance and an attempt to break upward from an inverted H&S. I'm buying here and have placed an order for averaging lower.

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2023-03-18 14:20:06 #FET I see compression towards the descending resistance. I have decided to buy here, and also placed an order to average down below.

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2023-03-18 13:56:17 #BTC Selling half of the remaining amount here with a +25% profit.

I see a test of the ascending resistance + potential divergence.

Thinking of averaging around ±$26k. I'll decide based on the situation.

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2023-03-18 10:13:02 The 30th Project On Launchpad: Binance Launches Space ID (ID) Token Sale

Binance Launchpad is set to launch its 30th project, Space ID (ID), on March 22nd, 2023. This project will follow the standard Launchpad subscription format, with user BNB balances being recorded for five days starting from March 17th, 2023, until March 22nd, 2023. During this five-day period, user BNB balances will be calculated in hourly snapshots, with the final BNB holding amount.

The launchpad hard cap for Space ID is set at 2,500,000 USD, with a hard cap of 15,000 USD (600,000 ID) per user. The total token supply for Space ID is 2,000,000,000 ID, with 100,000,000 ID (5% of the total token supply) allocated to Binance Launchpad. The public sale token price for Space ID is 1 ID = 0.025 USD, with the price in BNB being determined prior to subscription. The subscription format is supported by BNB only, and users must commit their BNB during the three-hour subscription period on March 22nd, 2023. Overall, Space ID (ID) is a promising project with a limited token supply and a reasonable hard cap.

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2023-03-17 08:11:02 SEC Chairman: PoS Tokens Are Security And Need To Be Registered

On Wednesday, SEC Chairman Gary Gensler told reporters that PoS tokens that use the staking protocol could be considered securities. Gensler said the profits received by token holders from staking indicate that the token is a security that must be registered under US law. Previously, many representatives of the US legal authorities believed that ETH was security.

This is not the first time the SEC chairman has expressed his opinion on the need to control ETH or most cryptocurrencies on the market except BTC. Gensler has previously said that US securities laws may govern proof-of-stake protocols. In addition, New York Attorney General Letitia James said in a lawsuit against crypto company KuCoin that Ether is unregistered security and that its founders, including Vitalik Buterin, have infringed securities laws of the United States. As the 2nd largest cryptocurrency in the market, Ethereum has always generated mixed opinions regarding whether it is an unregistered security, especially the idea of the SEC chairman.

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2023-03-16 08:53:02 Kava Releases Kava 13 Upgrade Preview To Improve Performance

Kava has published a beta version of the Kava 13 upgrade. The Kava 13 will provide architectural advancements to assist developers in scaling and accelerating their protocols, as well as optimizing the user experience throughout the Kava ecosystem. Kava EVM 2.0 will increase performance by optimizing full-node software and expanding hosting service providers.

The enhanced computational capacity of Kava 13 is the result of EVM software modifications that let transactions process quicker and simultaneously, as well as the addition of more dedicated hosting partners to help protect the network. The new internal bridge leverages the security of IBC consensus to allow users to communicate native Cosmos assets to the entire suite of protocols running on Kava EVM. Kava 13 contributes to the usefulness of wallets, dApps, and assets on the Cosmos SDK and EVM chain through the Cosmos-Ethereum bridge.

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2023-03-15 09:06:02 Inverse Finance: The DOLA Fed Loses $860,000 As A Result Of the Euler Attack

On March 14, an Euler Attack resulted in a staggering loss of $860,000 for DOLA Fed, which was reported today. Inverse Finance, a DeFi lending agreement, tweeted: “Euler assault hit the DOLA-bb-e-USD pool on Balancer. Despite the fact that prompt action minimized 90% of the damage, DOLA Fed is This pool sustained a loss of up to $860,000, minus rewards points. We will be collaborating with Balancer to collect the remaining cash.”

Inverse Finance, a DeFi lending agreement, tweeted: “Euler assault hit the DOLA-bb-e-USD pool on Balancer. Despite the fact that prompt action minimized 90% of the damage, DOLA Fed is This pool sustained a loss of up to $860,000, minus rewards points. We will be collaborating with Balancer to collect the remaining cash.”It is apparent that the ramifications of these attacks extend beyond monetary losses. They may also weaken public faith in the financial system, which may be difficult to restore. As a result, it is vital that all financial institutions take proactive steps to protect themselves and their clients from such cyber attacks.

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