Day: November 25, 2024

Hong Kong’s ZA Bank Launches Retail Crypto Trading

Hong Kong’s ZA Bank has become the first bank in Asia to offer direct cryptocurrency trading to retail users, enabling seamless trading of top cryptocurrencies in HKD and USD. ZA Bank announced the launch today, marking a significant step in integrating traditional banking services with digital asset trading. A Seamless Trading Experience Through the ZA […]

Axie Infinity Maker Sky Mavis Lays Off 21% of Workforce

Sky Mavis, the creator of the popular blockchain game Axie Infinity, is laying off 21% of its workforce as part of a strategic shift aimed at driving growth in the coming years. The move will affect approximately 50 employees out of the company’s 250 global team members, according to a report by TechInAsia. Strategic Shift, […]

Bitcoin Rebounds After $2,000 Drop, Liquidations Hit $500M

Bitcoin recovered from a sharp $2,000 drop over the weekend, trading just below $98,000 after falling to a three-day low of $95,800 on Saturday. The dip caught traders off guard, triggering liquidations of nearly $500 million, according to CoinGlass data. Long liquidations soared to an 11-day high of $344 million, while shorts accounted for $136 […]

Cantor and Tether Plan Bitcoin Lending Program

Wall Street giant Cantor Fitzgerald is reportedly collaborating with Tether to develop a multibillion-dollar Bitcoin-backed lending program, signaling deeper ties between traditional finance and crypto. According to a Bloomberg report, the program would allow clients to borrow U.S. dollars using Bitcoin as collateral. It is expected to launch with an initial $2 billion allotment, with […]

Chill Guy Meme Coin Surges to $461 Million Market Cap

The “Chill Guy” meme, featuring a relaxed cartoon dog, has taken the internet by storm, propelling its associated meme coin ($CHILLGUY) to a market cap of over $461 million since its launch on November 15. The Solana-based coin has climbed 50% in the past 24 hours alone, now trading just under $0.50, according to CoinGecko. […]