Coins.ph TradeDesk Achieves $1 Billion Trading Volume Milestone
Cryptocurrency platform Coins.ph’s TradeDesk has reached a significant milestone by surpassing $1 billion in trading volume in 2023. The achievement underscores the growing demand for cryptocurrency trading services in the Philippines. Coins.ph’s TradeDesk success reflects the increasing adoption of digital assets in the country and signals a noteworthy development in the local crypto market. (BitPinas)
Bitcoin Investment Products Attract $1.5 Billion Inflows Year-to-Date
Bitcoin investment products have seen substantial inflows, totaling $1.5 billion year-to-date, as institutional and retail investors continue to show increasing interest in the cryptocurrency. The growing inflows highlight a sustained appetite for Bitcoin exposure through various investment products, including exchange-traded funds (ETFs) and other financial instruments. This trend suggests a continued mainstream acceptance of Bitcoin as an investment asset class. (Cointelegraph)
Bloomberg Analyst Optimistic About Bitcoin ETF Approval
A Bloomberg analyst has expressed optimism regarding the approval of a Bitcoin exchange-traded fund (ETF), anticipating that the SEC might greenlight it by the end of 2023. The analyst highlights growing institutional interest and regulatory developments as factors that could pave the way for a Bitcoin ETF approval. Despite previous rejections, the analyst believes the evolving landscape may lead to a more favorable outcome for a Bitcoin ETF in the near future. (BeInCrypto)
Philippines Plans to Block Access to Binance
The Philippines SEC is reportedly considering blocking access to the popular cryptocurrency exchange Binance within the country due to regulatory concerns. The move is part of the government's efforts to tighten oversight of crypto activities and protect investors from potential risks associated with unregulated platforms. If implemented, this decision could impact the accessibility of Binance services for cryptocurrency users in the Philippines. (Watcher Guru)
Animoca Brands Becomes Largest Validator on TON Network
Gaming and blockchain company Animoca Brands has made a significant investment in the TON Network, becoming the largest validator on the network. The move highlights Animoca Brands' commitment to supporting and securing the TON blockchain. As the largest validator, Animoca Brands aims to contribute to the network's stability and growth, signaling a strategic alignment with TON's development. (CoinDesk)
Bitcoin Ordinals Marketplace Bioniq Launches on Internet Computer
Bioniq, a platform backed by Polygon Capital, is set to leverage the Internet Computer blockchain for its new Bitcoin ordinals marketplace. The move reflects a strategic collaboration between Bioniq and Internet Computer to enhance the trading and ownership experience of unique Bitcoin ordinals. This initiative signifies a growing intersection between established blockchain projects, showcasing the potential for innovation and interoperability in the cryptocurrency space. (The Block)
Solana's Mad Lads Top Bored Ape Daily NFT Sales as Prices Surge
Solana's Mad Lads NFT collection has outpaced daily sales and prices compared to the NFT market. This shift suggests a dynamic landscape in the NFT space, with alternative collections gaining traction and challenging the dominance of well-established projects like Bored Ape Yacht Club. As the Solana blockchain gains prominence in the NFT space, Mad Lads' impressive performance reflects growing investor interest in unique digital assets. (Decrypt)
Wormhole Secures $225 Million Funding for Groundbreaking Blockchain Connectivity
Blockchain project Wormhole has successfully raised $225 million in a funding round, marking a significant milestone for blockchain connectivity. The substantial investment is expected to propel Wormhole into a new era of technological innovation and expand its influence in the blockchain space. This fundraising success reflects growing confidence in Wormhole's potential to advance and enhance connectivity within the blockchain ecosystem. (Blockhead)
USDC Introduces Cross-Chain Transfer Protocol on Cosmos
The USDC stablecoin is set to innovate with a cross-chain transfer protocol within the Cosmos blockchain ecosystem, offering users more flexibility and interoperability. This move aims to enhance the efficiency of transferring USDC between different blockchains, promoting seamless transactions across the Cosmos network. The introduction of this cross-chain transfer protocol signifies a step forward in expanding the utility and accessibility of the USDC stablecoin. (Crypto Briefing)
JPMorgan and Apollo Unveil Plans for Enterprise Mainnet
JPMorgan and Apollo Fintech are collaborating on the development of an enterprise-grade mainnet to facilitate institutional blockchain adoption. The executives involved in the initiative revealed their plans to create a robust and secure infrastructure tailored for enterprise use cases. This collaboration underscores the increasing interest of major financial institutions in advancing blockchain technology for broader applications in the business sector. (Cointelegraph)
