Latest Market News
McLaren Racing, one of the best-known automotive brands in the world, has announced the launch of a non-fungible token (NFT) collection called McLaren Racing Collective. The platform was developed on the decentralized Tezos blockchain for maximum energy efficiency.
Crypto asset manager Grayscale has filed with the U.S. Securities Exchange Commission (SEC) to convert its flagship Grayscale Bitcoin Trust (GBTC) into an ETF. Grayscale made its filing on the same day that the first-ever Bitcoin futures ETF started trading in the United States markets.
The Binance cryptocurrency exchange has successfully completed its 17th quarterly BNB token burn. In the latest burn, a total of 1,335,888 BNB were permanently removed from circulation. At the time of the burn, this translated to $639,462,868, making it the largest ever BNB burn in terms of dollar value.
As the first Bitcoin futures ETF is about to launch in the United States market, the world’s largest cryptocurrency is closing in on its ATH (all-time high). The positive price action is also backed up by encouraging activity on the Bitcoin blockchain. A number of these metrics were highlighted by Glassnode in the latest edition of their The Week Onchain report.
The first Bitcoin futures ETF in the United States will be launching on Tuesday, October 19. The ProShares Bitcoin Strategy ETF will start trading under the ticker BITO on the New York Stock Exchange. The launch will mark the first Bitcoin-linked ETF to become available in the United States market.
Following the decline of major cryptocurrencies during September, now referred to as REKTember, prices have bounced back remarkably, setting the foundation for a bullish Uptober.
As we move through Q4, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
Cryptocurrencies are rarely out of the news. Bitcoin, in particular, has held the interest of investors, big and small, for years now. Even people who have never owned any type of cryptocurrency talk about bitcoin and Ethereum.
From a technical standpoint, the Polkadot network is ready to start supporting its first parachains, according to an announcement by Polkadot founders Gavin Wood and Robert Habermeier. The proposal for the first two batches of Polkadot parachain auctions is now being voted on by the community of DOT holders. So far, the vast majority of voters are in favor of the proposal. If the proposal goes through, the first batch of five Polkadot parachain auctions will start on November 11. The second batch, which will contain six auctions, will start on December 23.
Binance is offering a welcome bonus of up to $100 to new users on their cryptocurrency exchange. Here's how to get the welcome bonus on Binance.
