Bittrex is a centralized crypto exchange founded in 2014 that formerly operated out of the U.S.  Despite being one of the oldest and most reputable digital currency exchanges, Bittrex filed for bankruptcy protection in the United States in light of tightening government restrictions on crypto assets. Bittrex’s US arm was shut down on April [&hell

A carry trade is a popular forex trading strategy that takes advantage of interest rate differentials between two currencies, aiming to earn returns from the interest gap. This article explores what a carry trade is, its formula, and how the strategy works, helping traders understand its potential advantages and risks. Carry Trade: Definition A car

Solana Mobile, the phone-making division of Solana Labs, is preparing to launch its second crypto-focused smartphone, the Seeker, in 2025.

Alexander Deschatres, Head of Sponsorship for Asia at Standard Chartered, has stated that stablecoins could help mitigate the negative impact of potential Federal Reserve rate cuts on U.S. Treasury and money market tokens. Deschatres explained, “The $170 billion supply of stablecoins represents a pool of funds that could be converted into money mar

The Securities and Exchange Commission (SEC) has taken action against another decentralized finance lending platform, as the regulator charged Rari Capital and its co-founders, alleging that they operated an unregistered broker, offered unregistered securities, and misled investors. Announced yesterday (Wednesday), the complaint also named the plat

MakerDAO’s rebranded initiative, Sky, announced via X that USDS and SKY have officially launched on the Ethereum network. The platform also features decentralized finance (DeFi) functionalities supported by the Sky protocol, all of which are accessible on their official website. Current offerings include upgrading DAI and MKR to USDS and SKY, tradi

TrueX, a cryptocurrency exchange, has announced the adoption of PayPal’s PYUSD stablecoin as its default settlement currency. Founded by two former Coinbase executives and developed by its parent company, True Markets, the platform is set to launch trading features in the coming weeks, initially offering spot trading for several major cryptocurrenc

According to data from Coinglass, if Bitcoin surpasses the $64,000 mark, the total liquidation pressure for short positions on major centralized exchanges (CEXs) could reach as high as $540 million. Conversely, if Bitcoin drops below $60,000, the liquidation pressure for long positions on these exchanges could amount to $708 million. This liquidati

Bitcoin saw its largest intraday gain in over a month on Tuesday, driven by growing expectations that the Federal Reserve may soon reduce interest rates. The cryptocurrency surged as much as 6.4%, reaching $61,337, marking its most significant increase since August 8. Other cryptocurrencies, including Ethereum, Dogecoin, and Solana, also experience

On September 19, the Federal Reserve officially announced a 50 basis point cut in the federal funds rate, lowering it to a range of 4.75%-5.00%. This marks the first rate cut since March 2020. Following the news, the crypto market saw a significant surge, with BTC surpassing $62,500, outperforming both U.S. stocks and spot gold. […]