Cryptocurrency

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Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced its latest product: Bybit Pre-Market Perpetuals. This innovative offering enables users to trade perpetual contracts on forthcoming tokens, providing an opportunity to engage with future values prior to their official market debut.Pre-Market Perpetuals are designed to offer early access to to potential promising new contracts. This helps users avoid potential entry cost increases due to price volatility at launch. Traders can place orders with up to 5x leverage before the contract is officially listed. If they match the specified price, orders are executed at the opening price upon a successful opening, and the position is seamlessly transferred to the new contract after the perp is listed – a unique benefit compared to Bybit’s competitors.Bybit’s introduction of Pre-Market Perpetuals is another innovation from a market leader that has won significant market share. Due to its superior UX and products, Bybit has become the second-largest crypto exchange across spot and derivatives markets. Pre-Market Perpetuals gives opportunities for early access and risk management and reinforces Bybit’s position as a trailblazer in the cryptocurrency market.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

While both groups of investors buy and hold Bitcoin, those who consider it a technology stock panic sell it during a market turmoil and buy physical gold. “We don’t need them,” Ki Young Ju said. He gave the vision of Satoshi Nakamoto, the Bitcoin creator, to the community as an argument: “BTC should rise in tough times — that’s Satoshi’s original intent.”According to Martinez, BTC is now forming a Rising Wedge pattern, which often reverses and ends in an asset’s decline (in the case of a Falling Wedge, the price would reverse to a surge). Therefore, the analyst warns of a potential breakdown toward the $51,000 level even if Bitcoin could climb to the $56,000 or $57,000 level from the current trading point at $55,172.In an earlier published tweet, Martinez wrote that, amazingly, despite institutional investment in Bitcoin reaching a definite all-time high, market sentiment remains in the zone of “extreme fear.”BTC has begun to recover after the 18% plunge experienced at the start of the week. The flagship crypto crashed from roughly $60,000 and gone deep down below the $50,000 level on Monday. By now, Bitcoin has managed to recover approximately 11% of the lost value and is changing hands at $55,253. Overall, the losses suffered by Bitcoin between Friday and Monday totaled almost 24% as BTC collapsed from the $65,300 zone.This article was originally published on U.Today More

Bitcoin Startup Lab has initiated the Bitcoin Olympics along with other Bitcoin industry leaders, the largest online Bitcoin hackathon to date. Running from August 1st to 27th, the event will culminate in an award ceremony at BTCON on September 4th, celebrating the achievements of participants and the collaborative efforts of Bitcoin Olympics Partners and the Bitcoin ecosystem.Event HighlightsBitcoin Startup Lab, in partnership with leading Bitcoin innovators, has established a projected prize pool of $500,000 for hackathon contestants, demonstrating their commitment to supporting innovators and founders in the early stages of their startups.The 2024 Bitcoin Olympics Hackathon is a non-profit initiative that ensures 100% of the prize money, funded by sponsors, is awarded directly to the winners. The goal is to create a prize pool to attract innovators globally to the Bitcoin ecosystem and foster the next wave of groundbreaking developments in the rapidly expanding Bitcoin space.Key features of the event includeRegistering for the Online Bitcoin Olympics Hackathon: Participating in the largest online Bitcoin hackathon and competing for a share of the $500,000 prize pool.Attending BTCON: Users are encouraged to attend BTCON, the largest Bitcoin conference in South Korean history, to witness the forefront of Bitcoin innovation. Registration details are available online.The Bitcoin Startup Lab program and community: Users are invited to enroll in the 3-month program offered by Bitcoin Startup Lab to build a pre-seed investment-ready startup and become part of the leading innovation ecosystem on Bitcoin.According to the team, this initiative goes beyond mere competition; it represents a collective effort to spark the next wave of game changing innovation to build a sustainable global Bitcoin ecosystem.About Bitcoin Startup LabBitcoin Startup Lab is a premier platform to enable founders to build investment ready startups in record time. The Bitcoin Startup Lab supports innovators and entrepreneurs in developing groundbreaking startups by providing the resources, mentorship, and collaborative environment necessary to succeed. Through initiatives like the Bitcoin Olympics Hackathon, Bitcoin Startup Lab aims to build a sustainable and inclusive global Bitcoin community, driving the future of decentralized finance, blockchain, AI, and Metaverse technology.For more information, innovators and investors can follow and DM the Bitcoin Startup Lab on Twitter(X).ContactFounderAlbert LiangBitcoin Startup Labalbert@btcstartuplab.comThis article was originally published on Chainwire More

Recently, major Japanese Nikkei 225 stock index experienced a drastic plunge after the Japanese central bank conducted an interest rate hike. Taleb commented that the BOJ (Bank of Japan) had kept zero interest rates for almost 33 years, and for 23 years until now it had injected quantitative easing measures into its economy. All of these measures, Taleb stated, “come at a price you eventually must pay.”He also pointed out that many experts have always named Japan as the place where this QE strategy has been successful. Unlike Japan, the U.S. has been frequently combining the tightening and loosing strategies regarding the interest rate. Still, the country has been facing big inflation over the past few years.While the BOJ is considering further interest rate increases, many experts around the world are criticizing the Japanese central bank for this move, believing that it was made untimely. Mari Iwashita, chief market economist at Daiwa Securities Co, believes that before making its next move, Japan needs to see which direction the U.S. economy will go — whether it will enter a recession or make a soft landing.Bitcoin advisor to the El Salvador president Nayib Bukele, Max Keiser, has also commented on the recent situation in the financial markets, mostly referring to the U.S.He stated that the damage has been minor and that if he were in the Fed’s shoes he would leave the interest rates unchanged to “let another 40% or more of air out of these markets.”This article was originally published on U.Today More

The large capital influx reflects users’ trust in Binance and their positive outlook on the cryptocurrency market’s future, even with recent volatility, DeFiLlama said.The massive inflows are also a positive sign for Richard Teng, who took over as CEO following a multibillion-dollar US penalty for illegal activities and the departure of founder Changpeng Zhao.Richard Teng comments: “This marks one of the highest net inflow days of 2024. Despite facing significant market downturns over the past several hours, this potentially indicates investors’ confidence and interest in buying in at a lower cost when they deem it’s the right timing.””The current market trends also validate this observation, as we are witnessing a rebound in the prices of major tokens. According to our internal data, yesterday also was one of the highest trading volume days in 2024,” he added.In January alone, Binance attracted $3.5B, just two months after its owner pleaded guilty to crimes like money laundering and sanctions evasion. The exchange managed to pay the full $4.3B DoJ fine without selling any crypto assets. That said, Teng still faces numerous challenges. He must establish a global headquarters, appoint a board, and ensure an independent monitor for three years. Binance also still lacks full licenses in major crypto hubs, and its U.S. affiliate is dealing with a lawsuit from the SEC. The risks of operating in local markets without official approval popped up recently when India blocked access to Binance and other offshore platforms by removing their apps from Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) stores. Last year, countries from Australia to Belgium also cracked down on Binance for operating without the necessary permits. More

Although cryptocurrency markets are trading lower this week in sync with other financial markets, several digital currencies are attracting investors’ attention.Presidential candidate Donald Trump, who according to recent polls has a strong chance of winning the elections in November, spoke at the Bitcoin 2024 conference.He proposed a strategic national crypto stockpile, advising, “Never sell your bitcoin,” and hinted at a promising future for cryptocurrency. Democrats are urging Harris to align with their stance on crypto policy, a topic that has gained significant political traction due to the industry’s substantial spending on this year’s elections.The star of the day is Polkadot (DOT), rising by 13% and fulfilling its promise. The market is demonstrating confidence in Polkadot, driving its value up.Here are four top cryptocurrencies to keep an eye open for:Ethereum (ETH) Ethereum is in the process of becoming a financial platform for global scale money and any kind of new applications. As such Ethereum offers unstoppable peer-to-peer contracts and applications which run with no interference or control by intermediaries making it a versatile and resilient foundation for various decentralized apps (dApps) including Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), etc This makes Ethereum 2.0 even more appealing to developers as well as investors since these updates aim at enhancing scalability, security, and sustainability.Bitcoin (BTC) Bitcoin has been the most successful and widely used cryptocurrency since its introduction.Invented in 2009, Bitcoin introduced the concept of decentralised digital currency which is now acknowledged by regulators worldwide over time. Despite market turbulences as well as regulatory challenges, Bitcoin continues to grow while maintaining its dominance within the cryptocurrency market. Its relevance remains largely due to its fixed supply and growing adoption both as store of value and medium of exchange.Polkadot (DOT) Polkadot intends to create an exclusive protocol that can interconnect several chains into one network for better blockchain interoperability. With this interoperability, data can be easily transferred across different blockchains leading to increased scalability too. By allowing cross-chain communication & collaboration efforts Polkadot tackles one of the biggest problems on blockchain space. Interest in this platform is due to its ability to connect multiple blockchains forming a synergistic network making it very popular with developers who want innovative decentralized solutions.Solana (SOL) Solana has a high throughput rate coupled with minimal transaction costs owing to its unique consensus mechanism called Proof of History (PoH).This makes the process faster and Solana can handle thousands of transactions per second. Currently, Solana’s performance is good and the fees are low, hence, this makes it an ideal platform for dapps that require fast cheap transfers.Growing adoption rate of Solana because of its expanding ecosystem as well as partnerships facilitates more investment opportunities.These cryptocurrencies are advancing strongly this week which highlights their respective unique strengths with regard to innovation that comes about every day in the world of digital assets.However, promising as they may be, individuals need to conduct extensive research and consider other factors before making any investment decisions.Over the past 12 months, ETH has increased by almost 70%, BTC by 118%, DOT by 5%, and SOL by 592% following Pay’s integration with Shopify (NYSE:SHOP). Market turbulence should be considered for long-term investments.***This article does not give any financial advice or any recommendation. More

Duper invites players to experience high-stakes fun and strategic gameplay.Curio, a games studio and developer, today announced it has raised an additional $5.7 million in capital, co-led by Bain Capital Crypto and SevenX Ventures with participation from OKX Ventures. The latest round builds upon the $2.9 million raised in 2022 led by Bain Capital Crypto. Concurrently, Curio has released Duper, their flagship strategy game, along with the launch of its first season. Duper is a wagering social strategy game that highlights collusion, deception, and social team-play, where 5 players engage in 40 minute high-stakes matches filled with strategic maneuvers and pure chaotic fun. Duper takes inspiration from real money skill based games like Poker, while combining it with a digital medium strategy players are familiar with, in the browser. To begin playing Duper and stay up to date on upcoming announcements, users can visit duper.gg. About Curio Curio is a leading crypto games studio on a mission to create groundbreaking games that leverage blockchain technology to enhance player experiences. Curio’s first game, Treaty, is a 4X strategy game that allows players to create arbitrary on-chain social agreements and “treaties” with each other. Curo is backed by Bain Capital Crypto, SevenX Ventures, TCG Crypto, OKX Ventures, Formless Capital, Smrti Labs, and Robot Ventures.About DuperDuper is a unique social strategy game that combines wagering with elements of collusion and team play. Launched in May 2024, Duper offers an immersive and replayable gaming experience where players can engage in high-stakes strategic battles.For additional details and to stay updated, users can follow Curio and Duper on Twitter: Curio Twitter and Duper Twitter.ContactSenior PR ManagerKayla Gillbcc@serotonin.coThis article was originally published on Chainwire More