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The SPX index was up by 0.97%, investors are optimistic, particularly with anticipation of a potential interest rate cut signaled by an upcoming speech from Federal Reserve Chair Jerome Powell. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 1.14% and 1.91%, respectively in the past 24 hours.
Today's top performer is DRIFT, which surged 24.8% following the launch of B.E.T. on Drift Protocol as Solana's new capital-efficient prediction market.
Drift Protocol (DRIFT), founded in 2021, is a decentralized perpetual futures exchange on Solana, enabling cross-margined trading and virtual price discovery through a vAMM. It allows collateral trading on a permissionless blockchain and includes risk management tools like stop-loss and take-profit orders. B.E.T., launched on Drift Protocol on Solana, is a capital-efficient prediction market focusing initially on the US elections, with future expansion into sports, crypto, and culture. It leverages Drift’s borrow/lend engine for cross-collateral capabilities and derivatives, allowing users to earn yields on trades and create hedged positions. B.E.T offers a 5x FUEL boost for trades, with additional incentives for DRIFT token stakers as the platform moves towards user-governed, permissionless markets.
Check Out the Latest Prices, Charts, and Data of DRIFTUSDT Perp and DRIFT/USDT Spot!
Bybit, the world's second-largest crypto exchange, has introduced the Bybit P2P Shield to enhance security and restore confidence in peer-to-peer (P2P) cryptocurrency trading. This initiative provides financial compensation to users who are defrauded in P2P transactions on its platform, addressing vulnerabilities exposed by recent scams involving fake payment confirmations. Initially launched in selected regions, Bybit plans to expand this coverage globally. This security measure complements Bybit's ongoing expansion efforts, including entering the Latin American market with a new virtual asset service provider license in Argentina. Despite rapid growth and increasing its market share, Bybit has faced challenges, such as being advised against by France's financial commission, leading to its withdrawal from the French market.
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | (21.8) |
Total | (21.8) |
Yesterday, The BTC Spot ETF shows a total outflow of $21.8 million. This includes no change in the GBTC category and a $21.8 million outflow in the Non-GBTC category.
HashKey Group has announced a strategic partnership with Catizen, marking Catizen as its first Web3 partner in building a new generation of GameFi and global digital entertainment infrastructure. Utilizing HashKey Global, a licensed exchange, the collaboration aims to serve Catizen's 29 million users with compliant digital asset services. The focus will be on enhancing the TON ecosystem to provide unique Web3 gaming experiences. Catizen, a flagship GameFi product, has rapidly grown to over 29 million global users, with significant daily and on-chain engagement. The partnership extends beyond gaming to include digital finance, social responsibility initiatives, and a joint airdrop campaign. Both HashKey and Catizen aim to drive blockchain adoption in the digital entertainment industry, enhancing global Web3 infrastructure and innovation.