Market Share of Binance’s Spot Trading Plunges 40%
In 2023, Binance, a popular crypto exchange, has experienced a decrease in its market share for spot trading, dropping from 62% to 40%.
Ava Labs Fires 12% of its Workforce to Reallocate Resources
The team behind the Avalanche blockchain, Ava Labs, has recently announced that it has laid off 12% of its employees in order to better allocate its resources.
Cathie Wood: Bitcoin is a Defensive Asset
According to Bloomberg, during a podcast with Merryn Somerset Webb, ARK Invest CEO Cathie Wood stated that she would choose Bitcoin as a defensive asset without hesitation.
Block Reports $2.42B Gains on Bitcoin Sales in Q3
In the second quarter of 2023, Block reported a revenue of $2.42 billion from the sale of bitcoins through its Cash App application, with a gross profit of $45 million.
Report: Asset Managers Are Showing Increasing Interest in ETH
According to a survey conducted by CoinShares, Ethereum is currently viewed as having the most promising growth potential out of all major cryptocurrencies.
ProShares Launches Short Ether Futures ETF
ProShares, a leading asset management company, has launched a new ETF called the ProShares Short Ether Strategy ETF (SETH).
Bitcoin Will Develop an Upward Trend: Glassnode
Glassnode has found that the corrections in Bitcoin and Ethereum have not been as severe as previous uptrends, indicating strong investor support and capital inflow.
Damage from Crypto Hacks Fell to $51M Last Month: Report
The crypto industry experienced losses of $51.61 million in October due to 23 security incidents. This represents a decrease of 85.6% compared to the previous month.
Bernstein Predicts Bitcoin Will Hit $150K in 2 Years
During a presentation for investors, Bernstein analysts predicted that Bitcoin will experience significant growth in the next few years.
