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Bitcoin Cash has soared the most in the past 24 hours from the larger-cap alts.
Funds were moved from a wallet that has been holding onto one set of bitcoin mining rewards for nearly 14 years today. Some of the bitcoin was sent to a wallet that has interacted with crypto exchange Coinbase.
BTC price volatility is the name of the game this week as macro pressures combine with the incoming Bitcoin halving.
Quick Take Hong Kong gave in-principle approvals to several spot Bitcoin and Ethereum ETFs on Monday. Bitcoin and ether prices have returned to green after a decline over the weekend.
Hong Kong approved several spot bitcoin ETFs and spot ether ETFs managed by China Asset Management, Bosera and HashKey on Monday. The asset managers did not disclose the timeline of the launch.
- 03:19Top 5 increase today: CHILLGUY's 24-hour increase is 1,017.00%Bitget market data, today's top 5 tokens in terms of increase are CHILLGUY, THE, NMT, OORT, PUFFER. Among them: CHILLGUY has increased by 1,017.00% in the last 24 hours and is currently priced at $0.5585; THE has increased by 137.17% in the last 24 hours and is currently priced at $3.1840; NMT has increased by 88.64% in the last 24 hours and is currently priced at $3.66585; OORT has increased by 70.51% in the last 24 hours and is currently priced at $0.16712; PUFFER has increased by 50.98% in the last 24 hours and is currently priced at $0.6332.
- 03:04Michael Saylor: MicroStrategy is a response to the credit default swap of over 100 trillion dollars in assets in the 20th centuryMicroStrategy founder Michael Saylor posted on platform X, stating that MicroStrategy is a response to the credit default swap of over 100 trillion dollars in assets from the 20th century. (Note: Credit Default Swap, also known as credit default interchange or credit derivative tool, is one of the main tools for off-exchange trading to mitigate credit risk. It can be seen as a kind of insurance against financial asset defaults.)
- 03:00Tether CEO: Tether's bulk commodity liquidity pool could reach 5 billion US dollars by 2026According to reports, after recently venturing into commodity lending, Tether CEO Paolo Ardoino stated that the liquidity pool reserved by Tether Investments for raw material trade financing could grow to between $3 billion and $5 billion by 2026. In an interview this week, he revealed that Tether Investments plans to provide capital loans to commodity brokers and earn interest from temporary financing. Ardoino said, "This is a way to provide partner liquidity for an industry that is always thirsty for liquidity," adding that Tether Investments has already started cooperating with some of the largest commodity traders in the industry. For privacy reasons, this Tether executive refused to disclose any names of trading companies. When asked about Tether's interest in commodities, Ardoino stated that it makes sense to facilitate transactions because USDT is particularly popular among users in emerging markets and developing countries where commodity sales are a major driver of the economy. He also expressed particular interest on behalf of Tether in helping finance oil, natural gas and gold trades.
