New Contracts and Crypto Predictions
🎉 Binance Futures launches COOKIEUSDT, ALCHUSDT, and SWARMSUSDT contracts with leverage up to 75x. Earlier, these coins appeared on Binance Alpha.
🔮 Crypto expert Arthur Hayes predicts a peak in the crypto market by March, fueled by over $600 billion in liquidity influx from the U.S. Fed. While he encourages traders to take risks, he warns of potential corrections by April due to tax implications and tightening liquidity.
🛠️ Backpack acquires FTX EU for $32.7 million, aiming to be the only regulated perpetual futures provider in Europe, set to launch in Q1 2025.
For further insights, check the linked sources below:
- Binance Futures announcement: Link
- Backpack acquisition news: Link
#Binance#Crypto#VC#Hayes#FTX#Europe#DeFi#Liquidity#Contracts#MarketPeak#Trading#Investing#Finance#SVM#Solana#Regulations#CryptoMarket
Vietnam to Draft Crypto Legal Framework
Vietnam's Prime Minister has tasked the Ministry of Finance and State Bank to create a legal framework for cryptocurrencies by the end of March. Notably, Vietnam ranked among the top three globally in cryptocurrency ownership, with 21% of its population involved. More details: here.
In related news, $1 billion was liquidated from the cryptocurrency market recently. Arthur Hayes remains bullish, expecting the previous cycle's high of $70,000 to hold as support. Coinbase's Coin50 Index introduces new assets, and a hacker laundered $1.39 billion in ETH through THORChain. Lastly, FTX/Alameda transferred 3.03 million SOL to various wallets.
#Vietnam#Crypto#Bitcoin#ETH#FTX#SOL#Blockchain#Finance#Hayes#Coinbase#Regulation#Market#Investment#BullCycle#Liquidation#Hacker#THORChain#PerpetualContracts#Assets#Liquidity#Alameda
Bitcoin Predictions and Coinbase's Advisory Board
🟠 Jim Cramer endorses Bitcoin as a portfolio essential. 👀 However, Arthur Hayes warns of a potential drop to $70K due to macro risks and a volatile memecoin rally. 📈 Coinbase enhances its global advisory board with Chris Lasavita and William Dudley, aiming to strengthen ties with US regulators.
Read more: Leviathan News and Cointelegraph
#Bitcoin#Crypto#Finance#Investment#Blockchain#Coinbase#AdvisoryBoard#MarketTrends#Memecoins#Treasury#Cramer#Hayes#InvestmentFund#Regulators#Macroeconomics#US#Volatility#Web3#SovereignWealthFund#SaudiArabia#Tech