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Cointime July 14th News Express

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  • Tether announces upcoming investment in stablecoin company Quantoz Payments

    On November 18th, Tether announced that it will invest in Quantoz Payments to launch EURQ and USDQ electronic currency tokens (EMT) that comply with the MiCAR standard for the euro and the US dollar respectively. Tether has not disclosed the amount of its investment, and Quantoz will use Tether's Hadron asset tokenization platform.
  • NANO LABS announces Bitcoin as its strategic reserve asset

    Nano Labs announced that it will use Bitcoin as its strategic reserve asset.
  • Revolut Launches Staking Feature for Six Cryptocurrencies, Allowing Users to Earn Rewards

    Revolut, a prominent digital bank, has introduced a staking feature that enables users to temporarily lock funds to secure a cryptocurrency's network and earn rewards. The staking process is simple and easy to use, and currently supports six cryptocurrencies: Ethereum, Solana, Polkadot, Cardano, Tezos, and Polygon. The rewards for staking vary depending on the amount of crypto staked and the chosen cryptocurrency, with APYs ranging from 2.09% to 12.30%. However, some cryptocurrencies have lock-up periods before users can access their balances. Revolut users can stake Ethereum and receive their rewards daily after a waiting period of approximately 2 days, but must wait 10 days to access their balance once unstaked. Staking Solana on Revolut offers an APY of 5.25%, with rewards paid every 3 days after an initial waiting period of 3 days. Staking Polygon on Revolut offers an APY of up to 3.74%, with rewards paid daily after a 1-day warm-up period. Revolut staking is available in select countries within the EEA, with fees ranging from 15% to 35% depending on the token and the amount staked.
  • Ethereum Struggles with Institutional Adoption, Losing Ground to Bitcoin

    Ethereum's eight-year support trend against Bitcoin has been broken, causing concern for its future. Tuur Demeester, founder of Adamant Capital, has described Ethereum as "dying a slow death" due to this development. The slow adoption by institutions is being blamed for Ethereum's setback, while Bitcoin continues to dominate. This could have implications for Ethereum's position as an asset class. Despite this, Bitcoin's price remains stable, while altcoins show mixed performance. The disparity between Bitcoin and Ethereum's adoption among institutional investors is due to Bitcoin's simpler use case and fixed supply, as well as its higher trading volumes in ETFs compared to Ethereum. Ethereum's scalability challenges and regulatory scrutiny, particularly regarding its transition to a proof-of-stake model, are also contributing factors. Institutional endorsement of Bitcoin ETFs has outpaced that of Ethereum, with major asset managers like Fidelity and Morgan Stanley adding Bitcoin ETFs to their offerings. Experts suggest that Ethereum needs to address scalability issues and redefine its role as a technology-driven platform to regain its competitive edge. Until then, institutional investment appears to favor Bitcoin.
  • Morgan Stanley expects US interest rate cuts of 75 basis points in the first half of 2025

    Morgan Stanley predicts that by mid-2025, the yield on 10-year US Treasury bonds will fall to 3.75%, and by the end of next year it will fall to slightly above 3.50%. It is expected that the US will cut interest rates by 75 basis points in the first half of 2025.
  • BTC falls below $67,000

    market shows BTC has fallen below $67,000, currently reporting at $66,987.51, with a 24-hour increase of 0.41%. The market is experiencing significant fluctuations, please be prepared for risk control.
  • BTC breaks through $67,000

    the market shows BTC has broken through $67,000 and is currently trading at $67,011.99, with a 24-hour decline of 0.26%. The market is volatile, so please be prepared to manage risks.
  • Crypto Options Traders Bet on Bitcoin to Reach Fresh Highs by End of November

    According to Bloomberg, options traders in the crypto market are increasingly betting on bitcoin reaching new highs by the end of November. The $75,000 strike price has the highest open interest for options expiring on November 8, indicating a significant area of focus for the market during that time. Despite the upcoming U.S. presidential election, some traders believe that bitcoin will surpass its previous highs in the coming weeks. The rise in stablecoin liquidity and bitcoin transactions in October may contribute to this bullish sentiment.
  • BTC falls below $67,000

     market shows BTC has fallen below $67,000 and is now trading at $66,988.89, with a 24-hour decline of 2.24%. The market is volatile, so please be prepared for risk control.
  • BTC breaks through $68,600

    the market shows BTC has broken through $68,600 and is now trading at $68,602.48, with a 24-hour increase of 0.67%. The market is volatile, so please be prepared for risk control.