Despite potential price fluctuations on different trading venues, USDP will always remain redeemable for $1 on Paxos, a spokesperson told Cointelegraph.
Trading News
Cryptocurrency trading is now an essential part of the blockchain industry. Traders and investors are driving the development of cryptocurrency technology, new ICOs and fintech. Bitcoin and altcoin trading news became an important part of the financial agenda and are broadcast by most media outlets. Cryptocurrency trades are performed within different exchanges or by investors themselves without a third party’s involvement. Cryptocurrency trades are mostly conducted for speculative reasons, though they are also used as an investment tool, money storage and for other motives. Cryptocurrency trading news is strongly dependent on new governmental policies, important recent events, establishment of new technologies and procedures, and quotes from experts and influential persons within the blockchain and fintech industry.
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CoinGecko cited Magic Eden’s new Diamond reward program and its ongoing commitment to support creator royalties as the main catalysts.
4226Crypto traders are pointing to Bitcoin’s Bollinger Bands being “released slowly” as an indicator that its price could see some downward movement in the short-term.
4896The won's rising dominance is mainly due to the fee war between Korean crypto exchanges, according to research firm Kaiko.
3613Hong Kong’s securities regulator reportedly approved the in-kind creation model for Bitcoin and Ether ETFs instead of the cash-create model in the United States.
9370OKX users can now deposit Dogwifhat (WIF) and the Cat in a Dog’s World (MEW) memecoins, while the first withdrawals are coming tomorrow.
1644Open interest in Solana is down 21% compared to the previous day as its price dips below levels unseen in over 30 days.
16673On-chain data shows that the Ethereum trader has already transferred the tokens to another crypto wallet.
33503BlackRock’s $76 billion quarterly long-term net inflows already account for nearly 40% of its full-year 2023 levels.
6413The Solana memecoin frenzy has seen several tokens rise to multimillion-dollar market capitalizations within days.
10424The April 8 delay decision impacts proposed options trading on spot Bitcoin ETFs on the New York Stock Exchange, namely those from Bitwise and Grayscale.
12578Bitcoin's price volatility for the last 30 days stands around 4% — down from nearly 18% in April 2013. It's starting to look more like a traditional equity.
60606The dYdX community approved staking 20 million DYDX tokens as a security measure as the protocol experiences a spike in trading activity.
55639Launched in November 2018, Uniswap took 42 months to breach the $1 trillion trading volume milestone — doubling to $2 trillion just 24 months later.
2702The attention given to memecoins may be driven by the massive gains many projects displayed in the first quarter of 2024.
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