Bitcoin ETF Advance, Binance and Terra Propel Speculation
In a notable flurry of developments, the cryptocurrency space appears to be taking a storm as the week draws to a close. With the recent launch of spot Bitcoin ETFs in the broader cryptocurrency market, market sentiment appears to be taking an interesting turn. On the other hand, Binance, a popular cryptocurrency exchange, released some important announcements to its users this week. Meanwhile, the Terra Classic community has stepped up additional efforts to strengthen LUNC and USTC token economics.
In line with this, here are some of the top headlines that have sparked curiosity across cryptocurrencies:
Bitcoin ETF’s Soaring Popularity
Another week has ended since the spot Bitcoin ETF launched in the US trading environment. Market charts show that the popularity of these ETFs skyrocketed immediately after their launch.
In line with this, net inflows surged this week, and ETF collective trading volume also showed an upward trend. BlackRock, Fidelity, and Bitwise top the list of top ETF service providers and appear to be attracting investors from across the United States.
Meanwhile, Hong Kong is seeking approval for the country’s first Bitcoin ETF. Financial services provider Venture Smart Financial Holdings Ltd shared the same plans this week.
Binance Sparks Inference
Binance, the world’s leading cryptocurrency exchange, issued some important announcements to its users this week. As Manta Pacific’s TVL surpasses $800 million, the platform recently added Manta Network to its collection. We also added the DOGE perpetual contract to our collection, providing 75x leverage.
Specifically, the company announced that it would also delist certain BTC, ETH, and BNB spot trading pairs, while listing ETC, ENS, and TIA on the FDUSD and USDC pairs. At the same time, the company announced its debut in Thailand with support from Gulf Binance.
This concludes another Binance stock price breakout cyclone.
Also Read: PulseChain’s TVL Doubles in 7 Days What happens to Ethereum forks?
Terra Classic Fuel Guess
According to numerous reports from CoinGape Media last week, the Terra community appears to be building further support for the token. The community recently announced plans to introduce an “EVM Capability Survey” proposal. Through this, Terra has focused its attention on luxury station wallets that are gaining a lot of attention around the world.
However, the community rejected the proposal after voting records. In line with this, Allnose said in a memo, “Even if we only focus on the compiler, the short-term research and development costs as well as potential long-term maintenance costs are unclear.” “Before considering any positive signal for funding, this must be assessed.”
Meanwhile, the community also announced upgrades to its core security package.
Also Read: India Budget 2024: A Comprehensive Guide to Complex Financial Terms
The post Crypto Headlines of the Week: Bitcoin ETF Advance, Binance & Terra Propel Speculations appeared first on CoinGape.
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