On July 23, Hong Kong is set to make history by launching Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily Inverse Product (7376.HK). This innovative exchange-traded fund (ETF) by China Southern Asset Management Co., Ltd (CSOP) aims to give investors a unique opportunity to benefit from declines in the price of Bitcoin.
Crypto
The investment in digital asset products has been steadily on the rise, with inflows reaching an impressive $1.35 billion last week. This brings the total inflows over the past three weeks to a staggering $3.2 billion. Furthermore, trading volumes for Exchange Traded Products (ETPs) also saw a significant increase, jumping up by 45% week-over-week to
Recently, Ripple’s XRP has experienced a significant surge of 40% in just two weeks, reaching a trading price above $0.60. This sudden rise has caught the attention of many analysts and investors who are now predicting even further gains for the cryptocurrency, with some even suggesting it could reach as high as $8 or more
Ethereum, over the past decade, has made significant strides in revolutionizing the blockchain ecosystem. Initially launched through an ICO in 2014, Ethereum has grown to become the second-largest cryptocurrency by market cap, challenging Bitcoin’s dominance. With major upgrades such as the transition to Proof-of-Stake (PoS) and the implementation of Layer 2 scaling solutions, Ethereum has
The announcement of Joe Biden’s withdrawal from the 2024 presidential race sent shockwaves through the cryptocurrency market, particularly impacting meme coins associated with him and his family. The Jeo Boden (BODEN) token, linked to Biden, saw a drastic drop of 60% in value within just a couple of hours. This led to a significant decrease
The recent decision of President Joe Biden to end his 2024 election campaign sent shockwaves through the cryptocurrency market. Bitcoin’s price reacted in a positive manner to this news, pumping to a multi-week peak of over $68,000. However, the journey to this peak was anything but smooth, with the cryptocurrency experiencing wild price swings in
Kraken, a leading cryptocurrency exchange, recently announced a partnership with Tottenham Hotspur, one of England’s most iconic football clubs. The collaboration aims to leverage cutting-edge technologies like blockchain to enhance the experiences of both clients and fans. This article will critically analyze the implications of this partnership for both Kraken and Tottenham Hotspur. Kraken’s Chief
The crypto investment firm Mechanism Capital recently made waves by predicting that Bitcoin could potentially reach a price level above $1 million in the mid-term. This bold claim was backed by a series of hyper-bullish developments surrounding the digital asset. Despite facing poor market structure dynamics earlier in the month, Andrew Kang, the co-founder of
The past week has been quite eventful for the cryptocurrency markets, with Bitcoin leading the way in terms of price surges. Despite facing some resistance at the $68K level, Bitcoin managed to increase by 11% over the past seven days. This upward trend began on July 14th and has been mostly positive since then. Currently,
Three individuals have been apprehended by the Hong Kong police on charges of defrauding a businessman of HK$3.11 million in crypto assets. The suspects allegedly offered the victim three bundles of counterfeit HK$1,000 banknotes during a transaction at a Mong Kok office. According to a source, the 44-year-old businessman was presented with what appeared to
