Bybit Exchange Announces Listing of Jupiter’s JUP Token
Major cryptocurrency exchange Bybit revealed its intention to offer Jupiter’s native token, JUP, a prominent liquidity aggregator on the Solana network. According to the release from January 26, the cryptocurrency will go live on Bybit’s spot and derivatives platforms on January 31. This will be a big step toward putting Jupiter’s intended decentralized governance model […]
South Korean Crypto Karaoke Platform Hacked for $11.5M
An attack caused the South Korean karaoke blockchain platform Somesing to lose access to 730 million SSX tokens valued at $11.58 million. A blog post by Somesing states that the hack happened on January 27. From the SSX tokens that were taken, 226 million were in the fund’s custody, and 504 million were still unallocated […]
Former Bitmain CEO Jihan Wu To Take Over as Bitdeer CEO in March
Former Bitmain CEO Jihan Wu will assume the CEO role at cryptocurrency mining firm Bitdeer starting on March 1, 2023. Bitdeer announced on January 29 that, effective March 1, Wu would transition from chair of the firm’s board of directors to chief executive officer. Following his 2013 co-foundation with Micree Zhan at mining chip manufacturer […]
Harvest Fund Files Spot Bitcoin ETF Application in Hong Kong
The Securities and Futures Commission has received a spot Bitcoin exchange-traded fund (ETF) application from Harvest Fund Management’s Hong Kong division. According to a Tencent News article, Harvest Fund Hong Kong has applied for a spot Bitcoin ETF with the Hong Kong Securities Regulatory Commission (SFC) since the local government has indicated that it is […]
Trading Strategies for Navigating DeFi Derivative Platforms
Decentralized Finance (DeFi) has changed conventional financial systems, allowing users to engage in various financial activities without intermediaries. Among the many facets of DeFi, derivative platforms have gained significant traction. However, as with any financial market, navigating DeFi derivatives comes with challenges. This article will explore trading strategies to help you navigate these platforms successfully. […]