Monat: Mai 2024

• Robinhood Crypto has announced launch of Solana (SOL) staking for its customers in Europe.
• New customers will also enjoy a 10% bonus on net buys.

Robinhood is expanding its services and products for users in Europe.

On Wednesday, the trading platform announced it was launching new features that include Solana (SOL) staking, localized apps and crypto rewards among others. The new features will target new customers, Robinhood Crypto said in an update.

Robinhood launches SOL staking in Europe

As part of its growth efforts, Robinhood Crypto now offers its “first-ever crypto staking product”.

The platform said Solana (SOL) staking is now available directly via its app, which means users can earn rewards from their staked SOL tokens.

The product will offer the flexibility of users being able to unstake at any time.

“Robinhood Crypto is already one of the lowest cost places to trade on average with an easy-to-use interface that prioritizes education. Today’s news is a significant step forward in our mission to offer customers a more tailored in-app experience that meets their specific needs and helps them on their financial journey,” Johann Kerbrat, VP and GM of Robinhood Crypto said in a statement.

Staking rewards, bonuses

Other than the staking rewards, new customers have a chance to unlock a 10% bonus on net buys accrued over the user’s first 30 days of trading. Payouts for the bonuses will be in USDC.

New customers will also benefit from the Learn & Earn modules the platform has launched, with initial focus on Bitcoin (BTC), Avalanche (AVAX) and the USDC stablecoin. The products are tailor-made to bolster customers’ knowledge and understanding of different cryptocurrencies.

The new features also include localized apps, with local language versions of the app launched in Italy, Poland and Lithuania. Robinhood Crypto will be unveiling these localized app versions in coming weeks, the company announced.

The post Robinhood launches Solana (SOL) staking in Europe appeared first on CoinJournal.

• BNB struggles below $600, facing bearish pressure and uncertainties amid the Alex Protocol Bridge incident.
• Bitbot (BITBOT) emerges as an alternative, offering institutional-grade trading on Telegram.
• Bitbot (BITBOT) token is currently in its presale stage and it is priced at $0.018 per token.

BNB price is struggling to regain momentum amidst uncertainties and the recent Alex Protocol Bridge suspicious withdrawals that rocked the BNB Smart Chain network.

Meanwhile, Bitbot emerges as a potential alternative, promising innovative features and a new token.

BNB price recovery in limbo amid Alex Protocol Bridge incident

BNB’s journey towards recovery faces hurdles as it contends with bearish signals below the $600 mark. Despite attempts to breach resistance levels at $575 and $585, the token finds itself in a precarious position.

The failure to clear the $600 resistance zone triggered a fresh decline, exacerbating concerns among investors.

Compounding the challenges is the recent incident involving the Alex protocol bridge on the BNB Smart Chain. The protocol suffered a staggering $4.3 million in suspicious withdrawals immediately after its contract underwent a sudden upgrade. CertiK, a blockchain security platform, labeled the event as a possible private key compromise, highlighting the vulnerability of decentralized networks to malicious activities.

Bitbot (BITBOT) token offers an alternative opportunity

Amidst the uncertainties surrounding BNB, Bitbot (BITBOT) emerges as a potential alternative, offering innovative solutions in the crypto trading landscape.

Bitbot is an AI Telegram trading bot designed to empower users with institutional-grade tools, enabling seamless trading experiences directly from Telegram while maintaining full control of assets. The platform’s unique features include leveraging custom RPC nodes and institutional infrastructure to outpace the competition, handling sudden influxes of traffic during popular project launches, and ensuring assets are accessible only with user permission.

Currently conducting its presale, Bitbot has raised approximately $3,408,687 out of its $3,546,000 target. With each BITBOT token priced at $0.018 during the presale stage, Bitbot presents itself as a compelling option for traders seeking a reliable and secure trading platform.

Conclusion

In the midst of bearish pressures and uncertainties surrounding BNB, Bitbot stands out as a promising contender in the crypto trading sphere. With its innovative approach and focus on providing users with robust trading tools, Bitbot offers an alternative avenue for traders to navigate the volatile market landscape.

As investors weigh their options amidst ongoing market challenges, Bitbot’s presale success and unique features position it as a potential game-changer in the crypto trading ecosystem. The platform’s commitment to security, reliability, and user empowerment sets a new standard for trading platforms, providing traders with confidence and peace of mind in their investment endeavours.

The post Bear pressure cast a shadow on BNB price recovery: does Bitbot offer a better chance? appeared first on CoinJournal.

• Peter Thiel’s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket.
• Ethereum co-founder Vitalik Buterin also backed the Series B round.
• The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.

The latest cryptocurrency news related to venture capital funding is from predictions marketplace Polymarket. 

In an announcement on Tuesday, Polymarket revealed it had raised $45 million in its series B round and $25 million in a Series A round.

The total raise of $70 million had the backing of some of the leading venture capital firms in the market. This comes as data showed crypto VC funding crossed $1 billion in April, the second-straight month the space reached the landmark figure. 

Founders Fund and Vitalik Buterin invest in Poymarket

Founder Shayne Coplan said in a post on X that Peter Thiel’s venture capital firm Founders Fund, Dragonfly and Ethereum co-founder Vitalik Buterin led the Series B round.

Meanwhile, General Catalyst, Polychain and Airbnb co-founder Joe Gebbia led the $25 million Series A funding round.

Polymarket’s successful fundraising across the two rounds comes as the predictions platform attracts more users amid the increased betting on the upcoming US presidential elections. Polymarket is also a hot marketplace for topics such as crypto, sports and current events.

Trump is pulling ahead pic.twitter.com/bXcqtWE6cE

— Polymarket (@Polymarket) May 13, 2024

Other than the US presidential election, other top trends this week include bets on spot Ethereum ETFs, the GameStop (GME) stock and Bitcoin price.

The post Peter Thiel’s VC, Vitalik Buterin back $70 million raise for Polymarket appeared first on CoinJournal.

• State of Wisconsin Investment Board (SWIB) has disclosed it bought almost $100 million of BlackRock’s Bitcoin ETF $IBIT.
• The state pension disclosed the holdings in a 13F on Tuesday.
• Senior ETF analyst Eric Balchunas says these filings suggest more firms are set to buy spot Bitcoin ETFs.

A state pension has acquired a position in the spot Bitcoin ETF space, marking what a leading ETF expert says could be the beginning of a massive adoption curve.

State of Wisconsin Investment Board buys $IBIT

On Tuesday, the State of Wisconsin Investment Board disclosed it holds nearly $100 million in BlackRock’s iShares Bitcoin Trust ($IBIT). Particularly, the state’s filing showed it bought 2.4 million shares of $IBIT worth $99 million in the first quarter.

The details were part of the investment board’s 13F filing, which is a quarterly report that investment managers file with the US Securities and Exchange Commission (SEC).

13Fs disclose an investment asset manager’s US equity holdings where the assets in question are $100 million or more.

JUST IN: 🇺🇸 State of Wisconsin Investment Board discloses it holds almost $100 million of BlackRock’s spot #Bitcoin ETF. pic.twitter.com/Jdv4uKSi9J

— Bitcoin Magazine (@BitcoinMagazine) May 14, 2024

The Wisconsin Investment Board, which manages a retirement system and state investment fund among other smaller funds, also disclosed holdings in Grayscale’s Bitcoin Trust ($GBTC) ETF.

The spot Bitcoin ETF market continues to see massive institutional adoption as the sector resumes inflows after a slight lull in recent weeks. $IBIT has led with staggering numbers since its debut.

Eric Balchunas, a senior ETF analyst at Bloomberg, noted that the Wisconsin state pension manager’s move is a big one. Notably, big firms usually do not file their 13Fs so early after an ETF’s launch.

Commenting on today’s news, the ETF analyst noted:

“Normally you don’t get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we’ve seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds.”

On Monday, hedge fund Bracebridge Capital filed with the SEC to reveal it holds $262 million of Ark Invest’s spot Bitcoin ETF ARKB,  and $81 million of BlackRock’s $IBIT.

Wolverine Asset Management disclosed it holds Fidelity’s $FBTC, revealing an impressive 874,000 shares.

Other recent big fish disclosures of spot Bitcoin ETF holdings include BNY Mellon, BNP Paribas and Switzerland’s largest bank UBS Group AG.

The post State of Wisconsin Investment Board holds nearly $100M of BlackRock’s Bitcoin ETF appeared first on CoinJournal.