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Spot Bitcoin ETF Fee War Begins as SEC Approval Looms
The SPX index was up 1.41% overnight, the surge was led by technology, consumer discretionary, and communication services sectors, with major tech companies like Nvidia, AMD, Apple, Amazon, and Broadcom experiencing substantial gains. The broader cryptocurrency market is up, with Bitcoin and Ether rising 6.32% and 4.39% respectively in the past 24 hours. Today’s outperformer is STX, which jumped 18.9% after STX20 enhances trading experience with ALEX's Bitcoin Oracle integration. Stacks Protocol (STX), launched in October 2018, is a crypto project that enhances Bitcoin by enabling smart contracts and DApps on its blockchain, functioning as a Layer 2 solution with Bitcoin's security. STX20 indexers, STX20, and SatScreener, are partnering with ALEX to integrate with the Bitcoin Oracle, enhancing the security and functionality of the STX20 trading experience. This integration with ALEX's Bitcoin Oracle, an on-chain, tamper-proof, and censorship-resistant database, aims to provide new, secure trading opportunities on ALEX's Automated Market Maker (AMM). As the finalization of this integration approaches, updates will be shared, inviting the community to participate in the new trading experience on ALEX.
Down the Rabbit Hole
The impact of China’s ban on the crypto industry has just begun to unravel, bringing out a defeatist attitude among the most adamant of bulls.
Landslide
Avalanche's native token AVAX sees an 8% rise in price on the back of its increasing TVL.
BTC MVRV Reaches 'Pain Zone'; GameStop Releases Long-Awaited NFT Platform
GameStop's NFT platform has arrived just in time for the crypto winter. Find out more here.
From Pickles to Pixels
Chainalysis’ data on the cost of Ether acquisition presents the demand level at each entry price, which can be interpreted as the support for different price levels.
Small Wins, Big Gains
Another week, another BTC price chart that is hard to look at.
Key On-Chain Metric Dips Into Buy-Zone; Moonbirds Sales Volume Explodes
The Moonbirds NFT collection has generated a staggering $280 million in a mere 48 hours. Read on here.
More Than 13 Million ETH Staked on Beacon Chain; Prada Releases Solo NFT Project
More than 10% of ETH's circulating supply has been staked on the Beacon Chain; Prada is launching its first solo NFT drop in collaboration with Cassius Hirst. Read more here.
BTC Network Sees Largest Difficulty Drop in Two Years
The Bitcoin network experiences the largest drop in mining difficulty since the miner exodus in 2021. Read more here.
Alchemy Pay (ACH) Listed as Visa’s Official Service Provider; Shibarium Announces Beta Testnet Launch
Shiba Inu developers introduces the long-anticipated Layer 2 blockchain, Shibarium. Read more here.
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