Binance Completes Stratis (STRAX) Token Swap and Redenomination

Binance, the leading cryptocurrency exchange, has successfully completed the token swap and redenomination of Stratis (STRAX) tokens. Deposits and withdrawals for the new STRAX tokens are now open, and various services such as spot trading, Binance Simple Earn, and margin trading will support the new tokens. The swap was conducted at a ratio of 1 old STRAX token to 10 new STRAX tokens. Binance users can access their assigned new STRAX token deposit addresses on the platform. Binance announced the completion of the Stratis (STRAX) token swap and redenomination on…

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Trader Turns Bullish on Altcoin Amid Breakout of Accumulation Range, Maps Path Forward for Sei and Gala

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a top-30 altcoin by market cap. The trader pseudonymously known as Altcoin Sherpa tells his 212,600 followers on the social media platform X that Internet Computer (ICP), a blockchain project whose aim is to replicate the internet’s speed, power and scale on decentralized networks, appears to have completed a consolidation period that begun earlier in the year. “ICP: This looks like it’s finished its multi-week accumulation period, it’s time to go. This is one to actively trade for…

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Judge Dismisses Antitrust Suit Against Apple Over Apple Cash

US District Judge has dismissed an antitrust lawsuit targeting Apple, where Venmo and Cash App users claimed Apple Cash had an anti-competitive edge. In a significant legal victory for Apple Inc., a lawsuit filed by customers of payment services like Venmo and Cash App was dismissed by US District Judge Vince Chhabria. The claim accused Apple of engaging in monopolistic practices with its Apple Cash service, which plaintiffs argued stifled competition and hindered the introduction of innovative features, such as decentralized cryptocurrency payments. The lawsuit targeted Apple’s stronghold in the…

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BlackRock CEO’s ETF comments boosts Ethereum (ETH) and Algotech (ALGT)

BlackRock CEO Larry Fink believes a spot Ethereum ETF is possible even if SEC designates ETH a security. Markets are upbeat amid this outlook despite current weakness. Meanwhile, investors eyeing new gems have identified new token Algotech (ALGT). BlackRock CEO Larry Fink has noted his bullish stance on Bitcoin, with the global asset management behemoth seeing massive uptake for its iShares Bitcoin Trust (IBIT) spot Bitcoin ETF. Fink is also optimistic about a spot Ethereum ETF. What does this mean for Ethereum price? Elsewhere, why is the new decentralized trading…

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Hong Kong-based Asset Manager VSFG aiming for a May spot Bitcoin ETF launch

There are reports that the Hong Kong SFC is considering to approve Bitcoin ETFs in Q2 2024. VSFG and Value Partners have applied for approval to offer a spot Bitcoin ETF in Hong Kong. VSFG is targeting to launch the spot BTC ETF as early as May this year. Hong Kong’s financial landscape is set for a potential transformation as Venture Smart Financial Holdings Ltd (VSFG), a prominent asset management company, gears up to launch a spot Bitcoin exchange-traded fund (ETF) in the country as early as May. Collaborating with…

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Digital Asset Traders Withdraw $208,000,000 Worth of Crypto From KuCoin Following Government Charges: Nansen

Crypto traders moved $208 million worth of digital assets off the embattled exchange KuCoin following the company’s indictment. The blockchain analytics platform Nansen reports that $99 million worth of crypto flowed off the exchange on Ethereum (ETH) and $108 million on Ethereum Virtual Machine (EVM) chains. KuCoin still holds more than $6 billion worth of assets across Ethereum, Bitcoin (BTC), Solana (SOL) and other chains, according to the analytics platform. On Tuesday, the U.S. Department of Justice (DOJ) and the Commodities Futures Trading Commission (CFTC) unsealed an indictment against KuCoin…

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