AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Last Friday, the SPX index was down 0.2%, market volatility is being driven in part by fluctuations in bond yields and concerns about the global economic outlook. The broader cryptocurrency market is up, with Bitcoin and Ether rising 5.76% and 4.15% respectively in the past 24 hours.
Today’s outperformer is INJ, which surged 21.6% in the past 24 hours after Helix introduces Pre-Launch Futures trading with Celestia (TIA) as first offering.
Injective Protocol (INJ), launched in November 2021, is a Cosmos-based DEX offering cross-chain margin and derivatives trading using an orderbook. Traders pay fees in INJ coins, which also serve as governance tokens and support the platform's Proof of Stake blockchain. Helix, a decentralized exchange on Injective, has introduced Pre-Launch Futures, allowing futures trading for tokens not yet officially launched. The first such token is Celestia (TIA). Helix has reached $13 billion in trading volume as of October 2023, while Celestia has raised $55 million and is set to launch its token soon.
Check Out the Latest Prices, Charts, and Data of INJUSDT!
BlackRock's proposed iShares spot Bitcoin ETF has been listed on the Depository Trust & Clearing Corporation (DTCC), a key step suggesting that the ETF is closer to getting approval from the U.S. Securities and Exchange Commission (SEC). The ETF, with the ticker symbol IBTC, is potentially set to be listed on the Nasdaq. Bloomberg ETF analyst Eric Balchunas speculated that the listing on DTCC indicates that approval from the SEC could be imminent. If approved, the BlackRock ETF could pave the way for other spot crypto ETFs currently under SEC review.
Check Out the Latest Prices, Charts, and Data of BTCUSDT!