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2023-11-20 15:59:10 Social platform behind ‘retail short squeeze’ launches crypto trading.

Stocktwits plans to expand its crypto trading services by launching U.S. equity trading and crypto derivatives trading in the coming months.

Investor-focused social media platform Stocktwits, which gained popularity during last year’s “retail short squeeze” frenzy involving GameStop and AMC Theaters, rolled out its own crypto trading services on Thursday.

Stocktwits has partnered with FTXUS to carry out its crypto trading services and is set to launch United States equity trading next quarter. The firm further looks to expand its trading services portfolio by offering crypto derivatives trading and other asset classes in the coming months.

Stocktwits boasts 6 million registered users and sees 5 million active users monthly. The new crypto trading option would allow users to trade directly from their profiles and allow them to showcase their portfolios as well.

The social network platform played a key role along with the subreddit r/Wallstreetbets to short squeeze meme stocks in February 2021, leading to billions of dollars in losses for hedge funds that bought millions of short positions against these stocks. The crypto community offered great support during the retail saga and asked several companies associated with it to integrate crypto as a protest against centralized bullying.

The social platform until now was primarily focused on discussions among investors and traders along with other data tools. The CEO of the platform, Rishi Khanna, acknowledged the growing prominence of crypto discussion on the network and said that the “community and data have served as a strong on-ramp into the platform.”

The launch of the live crypto trading feature would help Stocktwits join the growing list of companies from the short squeeze saga that have integrated crypto-related services. AMC integrated crypto payments for its online booking services while GameStop is entering nonfungible tokens and also plans to build new crypto partnerships. Open / Comment

2023-11-19 12:05:20 Thailand's Cryptocurrency Market to Flourish with Binance and Gulf Innova Collaboration. Open / Comment

2023-11-18 13:52:44 ARB reached another target, printed +23% profit so far! Open / Comment

2023-11-17 13:05:10 Forbes Declares Impending $15 Trillion Quake Targeted at XRP and Others

In a recent report, Forbes magazine sounded the alarm, alerting that an unprecedented seismic shift is hurtling toward the crypto market, with XRP at its epicenter. The article “A New Wave – Major Bank Reveals A $15 Trillion Earthquake” sheds light on a colossal event that could send shockwaves through XRP, Bitcoin, Ethereum, and Cardano.

A sign of the storm ticked last week when BlackRock, the world’s largest asset manager, announced its intention to plunge deeper into the crypto realm. Specifically, BlackRock, which has assets worth $10 trillion under management, filed for a spot Bitcoin exchange-traded fund (ETF) with the US regulator.

As the largest global asset manager, BlackRock’s actions signal an immense demand for Bitcoin exposure from its prestigious clientele. This would naturally ignite a domino effect leading to a rally around various coins such as XRP.

Investors worth $5 Trillion Are Ready for XRP
Additionally, Forbes argued the possibility of the storm rocking the crypto market following a stunning revelation from Laser Digital, a digital assets subsidiary of banking behemoth Nomura. Its recent survey of professional investors managing a staggering $5 trillion exposed an overwhelming desire to invest in cryptocurrencies like XRP.

Specifically, 96% of these financial experts expressed keen interest in entering the crypto space, citing its potential to diversify portfolios and revolutionize investment management.

Eighty-two percent of the respondents displayed an optimistic outlook for Bitcoin, Ethereum, and XRP, while 88% confirmed that they or their clients were actively considering crypto investments. Open / Comment

2023-11-16 15:59:35 Mint Square NFT Marketplace to Discontinue Trading Services By June’s End

The Mint Square NFT marketplace will shut down on June 3. The team has yet to explain the decision, but it could be due to poor traction.

The Mint Square NFT marketplace will stop trading services from June 30, the team announced over Twitter on June 6. The team explained that buying and selling would continue until that date, after which trading would no longer be possible.

Mint Square NFT Marketplace Shuts Down
Mint Square did not offer an explanation for why it was shutting the marketplace down. It could possibly be because of poor performance. There have been several NFT marketplaces that have shut down in recent times.

In February, WazirX shut down its NFT marketplace because of poor traction. Around the same time, the Solana NFT marketplace Formfunction also shuttered. Then there’s CNN, the broadcaster which abandoned its NFT project late last year.

Mint Square is an NFT marketplace that runs on Ethereum layer-2 ZK-rollups-based networks like StarkNet and zkSync Era.

Being on a layer-2 network, NFTs on Mint Square were cheaper and were confirmed faster. Top collections on Mint Square include Stark Agents, Starkpunks, and StarkRock. Open / Comment

2023-11-16 01:17:37 Not a week goes by without interesting news about the Sundae project.

After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network:

"Ice cream is one of the great joys of life."

It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer.

We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC.

So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally?

The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes.

The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors.

The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters."

One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!" Open / Comment

2023-11-15 14:34:54 Buying some OGN here!

The price has broken through the bullish pennant resistance and testing one. Moreover, there is a strong horizontal support at $0.093 level. Open / Comment

2023-11-14 15:55:52 MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC. Open / Comment

2023-11-13 14:58:06 Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message

On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street.

He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday.

Furthermore, there has been a great deal of conjecture surrounding the possibility of the central bank cutting the federal funds rate multiple times throughout the year.

However, Wilson believes that investors who are expecting this outcome will ultimately be disappointed. Open / Comment

2023-11-12 16:30:58 Bitcoin's Long-Term Holders Stay Resilient Amidst Market Volatility. Open / Comment