China News Daily Official TheBitTimes.com

Bitcoin (BTC) recently surpassed the $94,000 mark, reaching a new all-time high of $94,002.87 approximately ten hours ago. This milestone comes shortly after the much-anticipated launch of U.S. spot Bitcoin exchange-traded fund (ETF) options on NASDAQ. The price surge followed a brief dip to $91,059.66, underscoring the current market volatility. The introduction of spot Bitcoin ETF options is expected to drive significant investments into the digital asset space. According to CoinMarketCap, Bitcoin is trading at $92,422.31, having increased nearly 1% in the last 24 hours. Meanwhile, tokens across other chains are printing gains. This article curates the most trending coins on GeckoTerminal. Trending Coins on GeckoTerminal  The price of CHILLGUY on the Raydium exchange is currently 0.3214, marking a substantial 652.74% increase in the last 24 hours. WINTER is trading at 0.01388 on Raydium, reflecting a sharp rise of 3,124.2% in the same period. Quant is priced at 0.03457, showing a

A study published by the Bank for International Settlements (BIS) claims that the most successful liquidity providers on Uniswap v3 are sophisticated institutional agents who mimic the tactics of traditional finance. Despite the promise of decentralized finance (DeFi) opening up lucrative opportunities to average Joes, the findings show that there’s no such thing as a free lunch. The BIS’ 36-page Working Paper compares “sophisticated and unsophisticated participants” across the top 250 pools, representing 96% of volume on the decentralized exchange (DEX); the groups are defined according to their “behavior and position sizes.” The “profitability, liquidity provision strategies and responses to market changes” of the two groups were then analyzed to explore “whether DEXs fulfill their promise of ‘democratizing’ financial markets by allowing anyone to participate in liquidity provision without intermediaries.” Rather than wide-range, passive liquidity provision, the more

Coinbase has announced that it intends to delist Wrapped Bitcoin (wBTC), claiming that as of its “most recent review,” it no longer meets the listing requirements for the exchange. This will go into effect on December 19. This comes after Coinbase launched its own competitor to this token, Coinbase Wrapped Bitcoin (cbBTC), a token that has drawn the ire of Justin Sun, who is now involved in the custody of WBTC. Justin Sun and WBTC The tokenized bitcoin space has seen great upheaval since August when BitGo announced that it was forming a new joint venture with Justin Sun and BiT Global to manage the custody of WBTC . How involved is Justin Sun with WBTC’s new custodian BiT Global? Read more: CHART: The growth of WBTC competitors Sun’s involvement has provoked a great deal of consternation across the industry and led Coinbase and Kraken to launch tokenized competitors. It has also prompted an ill-fated proposal from Threshold Network to acquire the token. T

A California federal judge has rejected a bid by crypto exchange Kraken to appeal his decision to let the company’s lawsuit with the US Securities and Exchange Commission (SEC) proceed. In a Nov. 18 order , Judge William Orrick dismissed Kraken’s motion for an interlocutory appeal. He stated that he determined the SEC has “adequately alleged” that the cryptocurrencies traded and sold on Kraken’s platform qualified as investment contracts under the Howey test and are therefore subject to securities laws.  Kraken Argues Cryptos On Its Platform Don’t Meet The Requirements Of The Howey Test The Judge’s order comes after Kraken asked for permission to appeal the August rejection of its motion to dismiss. Kraken’s legal team argued that there was “substantial ground for difference of opinion” regarding securities laws which a higher court could answer to potentially resolve the case early.  Kraken also questioned whether an investment contract which has no contract or no post-sale obli

Dog-themed meme coin Bonk is surging on the crypto market charts, rising over 80% in the past week. The token recently surpassed Dogwifhat (WIF) to become the top meme coin on Solana by market valuation. Additionally, BONK also leads trading volume among Solana memes, recording $2 billion in activity. Some experts are jumping on the BONK train, with its market cap also climbing in the last seven days. While trading volume around the cryptocurrency is down today, analysts are still heavily favoring BONK for a further jump. In fact, one trader has compared BONK’s recent climb to that of another top dog-themed meme coin: Shiba Inu (SHIB). Indeed, BONK coin trader Unipcs is drawing comparisons between BONK’s current pattern and SHIB’s 2021 pre-rally setup. They suggest that BONK could follow a similar rally trajectory in the near future. Unipcs notes that BONK shares many key factors with SHIB. The most crucial ones are unit bias, debuting on a major retail exchange, and having completed a

In this podcast episode, Wu Blockchain founder Colin Wu engages in a dialogue with Yan Meng, co-founder of Solv Protocol, to discuss the potential impact of Trump’s election win on the crypto industry. They explore how Trump might partially fulfill his campaign promises by easing crypto regulations, potentially creating new development opportunities for the industry through the Fit21 Act and a token “safe harbor.” The discussion delves into factors contributing to Trump’s changing stance on crypto, including fundraising needs and ideological influences from right-wing economic thought. Predictions for the industry’s future under a new administration, possible short-term market gains, and whether it could lead to a sustained bull run remain uncertain. They also discuss the effects of prediction markets on the industry, possible supply-side reforms under Trump, and strategies for the crypto sector to find growth opportunities within the regulatory environment in the coming years. The aud

Several of the latest meme coins and Bitcoin posted unprecedented achievements in the history of cryptocurrency last week. Bitcoin reached a new all-time high value of $93,434, shooting the global crypto market value to $3.11 trillion and leapfrogging the GDP of Brazil, Italy, and Canada. This development has led to high trading activities, as the U.S. Bitcoin ETFs experienced a record-breaking $5 billion in trading volume.  During this period of strong positive momentum, some new meme coins are posting dizzying results, reflecting their significant impact on the market. This article highlights Cheyenne, Kotaro, Noods, and a newcomer, Pepe Unchained. They are attracting the market’s interest as the best cryptos to buy in this bull run.  Latest Meme Coins to Buy Now Cheyenne, Noods, and Kotaro have consistently impressed investors with solid performances since their launch. These tokens have demonstrated exceptional resilience, recording gains of 30%, 18%,  and 10% over the last 24