This article highlights three significant developments in the crypto industry: the launch of the EU’s first spot Bitcoin ETF, the introduction of Sei Network, and the sale of 300 million TCRV by Tradecurve Markets.
During the fifth stage of the Tradecurve Markets presale, 32 million TCRV tokens were purchased. Tradecurve Markets has a goal to transform crypto trading by removing traditional obstacles and making access more accessible.
This decentralized platform provides a range of assets, such as stocks, Forex, commodities, and cryptocurrencies. Users can create accounts using their email addresses and then deposit cryptocurrency to begin trading.
Tradecurve Markets provides advanced trading tools, including AI-driven bots and copy trading features, to enhance the trading experience.
In the presale’s fifth phase, TCRV tokens are offered at a price of $0.025, with a 30% deposit bonus available to traders. Analysts have optimistic predictions for TCRV, expecting it to reach $1 by 2024, based on the anticipated adoption of the exchange.
Europe Welcomes Spot Bitcoin ETF Debut
The Jacobi FT Wilshire Bitcoin ETF, known as BCOIN, became available for trading on the Euronext Amsterdam stock exchange on August 15, approximately one year after its initial announcement.
This exchange-traded fund uses the FT Wilshire Bitcoin Blended Price Index to access a real-time average Bitcoin price, which is compiled from specific cryptocurrency trading platforms.
While Europe is celebrating the ETF’s launch, the United States is still waiting for approval for a similar product. Notable applicants in the US include BlackRock and Fidelity.
Interestingly, the introduction of the ETF in Europe did not have the anticipated impact on Bitcoin prices, as Bitcoin decreased from $29,200 to $26,000 in just three days. Nevertheless, investors remain optimistic and believe that news of a Bitcoin ETF approval by US regulators could potentially drive prices higher.
Sei Network Exchange Listing
On August 15, major cryptocurrency exchanges such as Binance, Bybit, and Bitget joined forces to list SEI.
SEI made its debut on Binance at a price of $0.064, but it quickly surged to $0.48.
Additionally, Sei Network introduced the beta version of its mainnet. During the early alpha phase, more than 7.5 million test wallets were created, and the network successfully processed over 400 million transactions.
Sei, which is built using the Cosmos software development kit (SDK), has a goal of improving the efficiency of decentralized exchanges (DEXs). It boasts an advanced matching engine and tools to prevent order front-running.
In the coming months, Sei plans to launch 30 decentralized applications (dapps). Notably, SushiSwap is preparing to introduce a perpetual futures exchange on the Sei platform.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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