“No Need to Panic”: Grayscale Backs Bitcoin Growth Amid Market Dip

Bitcoin’s recent retreat from its all-time high of over $100,000 has raised concerns among investors, especially after a Federal Reserve-triggered selloff. However, Zach Pandl, the Director of Research at Grayscale, tried to calm down the market stating that, short term volatilities should not overshadow the long term prospects of Bitcoin. In an interview, Pandl noted…

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Binance Futures Launches CGPT/USDT Perpetual Contracts

– Advertisement – Dubai, United Arab Emirates, December 20th, 2024, Chainwire In a significant move, Binance Futures, the leading cryptocurrency derivatives exchange platform, today announced the launch of its CGPT/USDT Perpetual Contract. This latest addition expands the platform’s trading offerings while highlighting the growing prominence of AI-focused cryptocurrencies in the digital asset ecosystem. The new…

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Binance Futures Launches CGPT/USDT Perpetual Contracts

Dubai, United Arab Emirates, December 20th, 2024, Chainwire In a significant move, Binance Futures, the leading cryptocurrency derivatives exchange platform, today announced the launch of its CGPT/USDT Perpetual Contract. This latest addition expands the platform’s trading offerings while highlighting the growing prominence of AI-focused cryptocurrencies in the digital asset ecosystem. The new perpetual contract introduces…

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MicroStrategy’s Michael Saylor releases crypto framework to guide US president Trump

Michael Saylor, the chairman of MicroStrategy, just put out a framework directed squarely at helping Trump’s administration figure out its crypto policies. According to Saylor, it is: “A strategic digital asset policy that can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions…

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Hester Peirce Hints at SEC’s Potential Support for Crypto ETFs Under Paul Atkins

Incoming SEC Chairman Paul Atkins is expected to ease restrictions on crypto-related ETFs. Disputes over in-kind settlements may be resolved by offering investors cryptocurrency payouts. Broader regulatory challenges like Operation Chokepoint 2.0 have pressured crypto-focused firms, calling for federal policy reevaluations. The US Securities and Exchange Commission (SEC) is preparing for changes as incoming Chairman…

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IMF Grants $1.4 Billion Loan to El Salvador

The International Monetary Fund (IMF) has confirmed a loan of $1.4 billion to support the reform initiatives of the El Salvador government. This financial assistance is contingent on the final approval from the IMF Board of Directors. How Will the Loan Impact El Salvador’s Economy? This financial injection is intended to bolster El Salvador’s reform…

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BlackRock’s Bitcoin Explainer and the 21M Supply Cap Controversy

BlackRock’s Bitcoin explainer video includes a disclaimer about the potential for changing Bitcoin’s 21 million supply cap. Sebastian Perez criticizes the disclaimer for undermining Bitcoin’s core principles. Bitcoin developers Adam Back and Peter Todd clarify that altering the supply cap is highly unlikely and would require community consensus. BlackRock released an explainer video about Bitcoin…

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Binance Announces the Listing of Four New Altcoins on Futures: None Listed on Spot

Binance, the world’s largest cryptocurrency exchange, announced in its official statement that it will list aixbt by Virtuals (AIXBT), Fartcoin (FARTCOIN), Kamino Finance (KMNO) and ChainGPT (CGPT) altcoins in the futures market. Interestingly, none of these four altcoins are traded on the spot market on Binance. However, it is worth noting that three of them…

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