Ethereum price is up 3%, and crypto-mining tokens are gaining momentum. As the cryptocurrency market slightly rebounded, Ethereum (ETH) gained 3% in the last day. Altcoins like Ethereum (ETH) were affected by Bitcoin’s (BTC) rise beyond $37,000 following a drop earlier this week. Bitcoin Minetrix’s (BTCMTX) presale phase is now the centre of attention as the market gains momentum.
Ethereum adds 7% on bullish on-chain metrics.
Since it’s low on November 22, the price of H has increased by more than 7%, regaining the key $2,000 mark. This increase coincides with the cryptocurrency market’s recovery from losses incurred by reports about Binance and its former CEO, Changpeng Zhao. You could also enjoy: Commissioner of the SEC on Bitcoin ETFs on the spot: “No reason to block. Ethereum price “More significantly, though, the ETH turnaround is consistent with its positive on-chain metrics.
The top 200 Ethereum wallets have been growing over the previous year, per FXStreet.According to this structure, “whale” investors appear optimistic about the coin. In the last six months, the amount of ETH available on exchanges has dropped by about 20% to its lowest point since May.
Prices may be supported by this reduction in exchange supply since it lessens selling pressure. Furthermore, the fact that there are presently over 422,000 active Ethereum wallets suggests that interest in the platform is growing. There has been a notable increase in the last several days.
Crypto market gains $60b after Binance fallout.
Following the widely reported news of Binance’s history and trick settlement passing of its founder, Changpeng Zhao, the cryptocurrency market as a whole is also beginning to recover. Since its low on November 22, Bitcoin has increased by over 5%, while other cryptocurrencies like Solana (SOL), XRP, and Cardano (ADA) have all seen significant increases.
The value of the whole cryptocurrency market has increased by nearly $60 billion since yesterday, to $1.48 trillion. This comeback appears to be fueled by the hope that the regulatory concerns around cryptocurrencies could be cleared up, especially in light of recent Binance events. Although harsh, some observers believe the settlements may offer much-needed clarity for the future development of the cryptocurrency industry.
Macroeconomic variables stabilising inflation data and other factors have also fostered a risk-on atmosphere for cryptocurrencies as an asset class. Although there are still hazards, the market is stabilising. You may also enjoy: A Netflix director is accused of wasting $4 million of the show’s budget on Dogecoin.
Bitcoin Minetrix raises $4.2 million.
As the market steadies, the focus is shifting to Bitcoin Minetrix, a project in its presale stage. Bitcoin Minetrix is a decentralised cloud mining platform that enables users to stake BTCMTX and receive BTC incentives, according to the project’s whitepaper. With its “Stake-to-Mine” approach, users can mine depending on the number of tokens they own, doing away with typical cloud mining companies’ upfront prices, fixed contracts, and hidden fees.
Users only need to link an Ethereum-compatible wallet to stake BTCMTX, as it is an ERC-20 token on Ethereum. The potential of Bitcoin Minetrix is intimately related to the impending April 2024 Bitcoin halving. Ethereum price: Half the mining payouts might trigger a Bitcoin bull run and skyrocket miner earnings. Users of BTCMTX are exposed to this hypothetical situation without having to purchase pricey mining equipment.
The initiative has garnered $4.2 million from more than 5,400 members of the Telegram community. According to CoinSniper.net, Bitcoin Minetrix is ranked third, whereas ICOBench.com ranks it second. Plans for a mobile app, exchange listings, and collaboration with cloud mining providers are all part of the Bitcoin Minetrix vision. Go to the Minetrix Bitcoin presale page. See also: Stake-to-mine cryptocurrency Bitcoin Minetrix raises over $4 million in presales.
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Harvest Global Investments pioneers tokenized bond funds in Asia.
On November 23, Harvest Global Investments and Meta Lab HK will introduce a tokenized US dollar bond fund. Harvest Global Investments (HGI), an investment firm under Harvest Fund Management, reportedly worked with Meta Lab HK, a business supported by Harvest Digital Assets, according to a post on X dated November 22. On November 23, they will work together to tokenize a fund that is managed by it.
According to a statement released by Meta Lab HK, the fund will target professional investors and concentrate mostly on investments in U.S. dollar bonds with an investment-grade rating. Launching the First Tokenized Fund in Asia: Harvest Global InvestmentsHarvest. Global Investments (HGI) and Meta Lab HK will tokenize a fund HGI managed on November 23, 2023, and the city’s securities authority has been notified.— November 23, 2023, Meta Lab (@MetaLabHK)
The securities regulator in Hong Kong has been notified. See also: WindMute Asia completes first-ever options block trade with CME Group. When the offering goes live, it will be run by Harvest Fund’s Hong Kong affiliate, HGI, with tokenization provided by Meta Lab HK. Many noteworthy advancements persist in Asia amidst persistent regulatory obstacles facing the Bitcoin sector in the United States.
CoinFund, an investment firm based in New York, had announced . The city’s attraction to skilled individuals in cryptocurrency as a primary driver in its decision to launch. Two days prior, it was expanding its services to include Asia. Ethereum price The company cited theoinFund’s Asian expansion in Hong Kong. Regarding digital asset creation, the United States may be giving it a run for its money, especially in light of the launch of Asia’s first tokenized fund.
