🦎🚀 Plenty of room on the crypto bandwagon! 🌔

Friday, June 30, 2023

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Count Me In!

Fidelity Investments, a major asset management firm, has resubmitted the paperwork for its Wise Origin Bitcoin Trust, which aims to launch as a spot Bitcoin exchange-traded fund (ETF).

Following BlackRock's filing for a spot ETF in June, several other fund companies, including Invesco and WisdomTree, have also made similar filings.

In today's news, CME sets its eyes on a new offering, TrueUSD takes its own victory lap, and Binance hits another roadblock.

Read on!

Trading Volume on India CEXs

Total trading volume across India's top CEXs is $2.61 billion in 2023 so far, which is 82.3% less than the $14.78 billion traded during the same period in 2022.

Total monthly trading volume has also declined for 4 consecutive months this year.

Let's find out here!

24h Hot Searches Worldwide

Polygon (+6.1%)
ApeCoin (+4.7%)
Curve DAO (+8.7%)
Sui (+5.4%)
Bitcoin Cash (+35.8%)
Maverick (-20.4%)
PointPay (-2.3%)

Are we in a Bitcoin or an altcoin season? In today's video, we explain what Bitcoin Dominance is and how traders use them to understand current market trends.

Let's find out here!

The Seasons Are Changing

Chicago Mercantile Exchange (CME) Group, a global derivatives exchange, is planning to introduce futures contracts based on the Ethereum-to-Bitcoin (ETH/BTC) ratio.

This new product will allow traders to speculate on the relative performance of Ether against Bitcoin and provide market participants with more trading opportunities in the market.

Cointelegraph

But at What Cost?

The team behind the TrueUSD stablecoin (TUSD) took to Twitter to boast about its trading volume, despite the fact that TUSD had already lost its peg to the dollar.

This move has further eroded the confidence of TUSD holders, who now question the reliability of redeeming their stablecoins and worry about potential losses compared to other cryptocurrencies.

Decrypt

Roadblock after Roadblock

Binance, the leading cryptocurrency exchange, is encountering further challenges in Europe due to increased regulatory scrutiny and tightening regulations in several countries.

Germany's financial regulator, BaFin, has reportedly rejected Binance's application for a custody license, while Paysafe, the banking partner for euro transactions, has announced its decision to end support for the exchange in September.

The Block