Schlagwort: crypto business

Veröffentlicht am

Matrixport subsidiary Fly Wing receives Major Payment Institution License from MAS in Singapore

  • Fly Wing, a Matrixport subsidiary, has gotten an MPI License from MAS.
  • The license will bolster Fly Wing’s OTC crypto services in Singapore.
  • Matrixport aims to expand digital finance in the Asia-Pacific.

Fly Wing Technologies Pte Ltd (“Fly Wing”), a wholly owned subsidiary of Matrixport, the world’s leading and largest one-stop crypto financial services platform in Asia, today announced that it has been granted the Major Payment Institution (“MPI”) License by the Monetary Authority of Singapore (“MAS”).

With this license approval, Fly Wing will continue building its role as a trusted Over-the-Counter (“OTC”) desk in Singapore. This license follows the in-principle approval received in October, underscoring Fly Wing’s commitment to regulatory compliance and operational excellence.

John Ge, Co-founder and CEO of Matrixport, stated, “We are thrilled that Fly Wing has received its license from the MAS. This marks a significant step in our ongoing expansion across the Asia-Pacific region. We look forward to providing high-quality Digital Payment Token services to users in Singapore.”

Having received its license from the MAS, Fly Wing is well-positioned to build a strong foundation for its long-term growth, driving continuous innovation in the digital finance sector. Moving forward, Fly Wing will continue to offer innovative Digital Payment Token services securely and transparently and will continue to optimize blockchain-driven Digital Payment Token services, enabling seamless access for users entering the Web 3.0 industry.

About Fly Wing Technologies Pte Ltd

Founded in 2019, Fly Wing Technologies Pte. Ltd. (“Fly Wing”) is a wholly owned subsidiary of Matrixport, a leading digital asset financial services platform in Asia.

Fly Wing serves a diverse clientele, including crypto miners, trading firms, investment firms, and high-net-worth individuals from both crypto and traditional finance. The company engages in OTC services for customers to on- and off-ramp Digital Payment Tokens, facilitating over $100 million in monthly transactions and providing liquidity for major cryptocurrencies.

Fly Wing has received the MPI License from MAS to provide Digital Payment Token services for OTC trading in Singapore.

Fly Wing official website: https://www.flywing.com/

About Matrixport

Founded in 2019, Matrixport is the world’s leading all-in-one hub for crypto financial services. The platform is committed to providing every user with a personalized Super Account that integrates crypto trading, investment, loan, custody, RWA, research and more. With $6 billion in AUM (assets under management), Matrixport offers global users diverse crypto-financial solutions designed for optimal capital efficiency and sustainable returns.

As a Group and through its local subsidiaries, Matrixport has received the Trust or Company Service Provider / Money Lender Licenses in Hong Kong and the FINMA Asset Management License in Switzerland. The company operates as an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s FINMA SRO-VFQ.

Matrixport was recognized by CB Insights as one of the “50 Most Promising Blockchain Companies” and was featured in the Hurun “2024 Global Unicorn List.” Its subsidiary, Fly Wing, has received the MPI License from MAS in Singapore.

Matrixport official website: https://www.matrixport.com

The post Matrixport subsidiary Fly Wing receives Major Payment Institution License from MAS in Singapore appeared first on CoinJournal.

Veröffentlicht am

Coinbase asks SEC for breakdown of cost of Gensler’s war on crypto

  • Coinbase goes after SEC for details on cost of war on crypto.
  • The exchange has filed a FOIA request asking for SEC’s documents during the leadership of former SEC chair Gary Gensler.

Coinbase has filed for a Freedom of Information Act (FOIA) request that seeks a detailed breakdown of what the US Securities and Exchange Commission (SEC) spend on its “war on crypto.”

Specifically, the crypto exchange’s FOIA wants it made public just how much the SEC splashed as part of its regulation by enforcement approach to crypto between April 2021 and January 2025.

Coinbase outlines what it seeks in a filing on Monday, March 3, 2025.

What else is Coinbase seeking via this FOIA request?

The exchange wants to know how much the SEC spent on investigations, lawsuits and enforcement unit employees. Per the request, the regulator should provide the costs involved as it pursued digital asset related cases, secondary transactions, and staking and lending providers.

“We know the previous SEC’s regulation-by-enforcement approach cost Americans innovation, global leadership, and jobs, but how much did it cost in taxpayer dollars? Today, Coinbase submitted a FOIA request asking the SEC to explain how much its war on crypto cost taxpayers,” Coinbase chief legal officer Paul Grewal noted.

He added:

“What do we hope to find out? How many investigations and enforcement actions were brought – and how much they cost; how many employees worked on these investigations/enforcement actions – and how much they cost; how many third-party contractors were used in these investigations/enforcement actions – and how much they cost,” the Coinbase CLO added in a post on X.

The request comes amid a recent spree of announcements regarding the SEC’s dropping of several crypto cases and investigations. It includes the regulator’s lawsuit against Coinbase and the crypto exchange Gemini.

SEC, under a new leadership following Gary Genser’s exit in January 2025, has also closed investigations against Opensea, Robinhood, Uniswap and MetaMask.

According to Grewal, the FOIA request is down to the need for transparency, with American taxpayers having the right to know. Coinbase believes the current SEC leadership will provide the information.

The post Coinbase asks SEC for breakdown of cost of Gensler’s war on crypto appeared first on CoinJournal.

Veröffentlicht am

Experts shift to Bitcoin Pepe as Trump’s crypto reserve hype fades

Fear remains the key emotion driving the cryptocurrency market despite Trump’s latest remarks on a US crypto reserve. Indeed, most majors have reversed some of the gains recorded on Sunday as the selling pressure persists.

Even so, revolutionary projects continue to capture the attention of savvy investors looking to lock in hefty returns from affordable investments. Bitcoin Pepe tops the list of attractive meme cryptos in 2025. With a model designed to favor long-term holders and early adopters, BPEP token holders have already secured gains of 21.4% in just three weeks.

Bearish pattern hints at continued selling pressure for Dogecoin price

Dogecoin price has held steady above the crucial support zone of $0.2000 after dropping below it momentarily in the past week. Even so, it remains in a three-month-long downtrend amid the persistent tariff jitters and the controversial role of Elon Musk in Trump’s government.

A look at its daily chart indicates the continuation of the bearish death cross pattern with the 25-day EMA holding below the medium-term 50-day MA. In the short term, the bulls will be keen on breaking the resistance along the 25-day EMA at $0.2465. If successful, the next target will be at $0.2704. However, this bullish thesis will be invalid by a move below the support zone of $0.2000.

ETH/USD price chart. Source: TradingView

What’s sustaining Bitcoin Pepe’s speedy momentum?

Bitcoin Pepe’s presale stages are selling out fast; indicating that the meme project is on track to becoming the fastest-growing ICO of 2025. Three weeks into its presale, it is already at stage 5 and has raised over $3.6 million. At its current level, its early adopters have already locked in returns worth 21.4% of their capital investment.

This steady momentum is founded on more than just the online hype. Savvy investors are attracted to Bitcoin Pepe’s unique combination of Solana’s speed with Bitcoin network’s security and the meme culture.

The meme-focused Layer-2 solution has been Bitcoin’s missing puzzle and investors know better than to dismiss this high-return opportunity. In addition to enjoying low fees and speedy transactions, this infrastructure allows for the direct launching of meme coins on the Bitcoin network.

With Bitcoin Pepe set to hit the public shelves in Q2’25, investors have an opportunity to cash in big by buying some BPEP tokens at the initial stages. Indeed, the project is designed to benefit early adopters and long-term holders.  Hurry up and buy Bitcoin Pepe here.

Ethereum price remains under selling pressure despite Trump’s crypto reserve talks

Ethereum price
ETH/USD price chart. Source: TradingView

On Monday’s early session, Ethereum price erased some of the gains recorded the previous day as Trump’s talks of a crypto reserve failed to ease the persistent selling pressure. On the one hand, the president’s remarks on Truth Social have sustained the altcoin above $2,250 for the second session in a row.

However, the broader crypto market is still in a risk-off mood with a fear & greed index of 33. Despite the bearish trend, I hold a bullish bias.

Amid the volatility, the Ethereum price range between $2,210 and $2,550 is worth watching. Further rebounding will likely have the crypto face resistance along the 25-day EMA at $2,600. On the lower side, $2,134.50 is a reasonable level to place a stop loss.

The post Experts shift to Bitcoin Pepe as Trump’s crypto reserve hype fades appeared first on CoinJournal.

Veröffentlicht am

CME Group to launch Solana futures as Bitcoin Pepe’s presale hits $3.65m

Key takeaways

  • The CME Group is set to launch Solana futures on its platform as demand for crypto products increases.
  • The Bitcoin Pepe presale has reached $3.65 million and is now set to enter its sixth stage.

CME Group to launch Solana futures for its clients

CME Group, the world’s largest derivatives marketplace, announced on Friday that it will introduce Solana (SOL) futures on March 17, expanding its suite of cryptocurrency derivatives.

The futures product, pending regulatory review, will allow traders on CME to manage SOL price risk with two contract sizes: 25 SOL and 500 SOL. The company’s CEO added that the launch of the SOL futures on its platform comes as CME is responding to increasing client demand for a broader set of regulated products.

With the launch, SOL futures will join CME’s crypto product suite, which includes bitcoin and ether derivatives.

What is Bitcoin Pepe?

The broader crypto market underperformed last week but that hasn’t halted developments within the industry. CME is launching SOL futures to users while new projects are emerging with exciting use cases.

Bitcoin Pepe is a new project looking to revolutionise the Bitcoin blockchain. This project is seeking to leverage the liquidity and security of the Bitcoin blockchain. It will use Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

The team explained that Bitcoin Pepe is a layer-2 network building on the Bitcoin blockchain. It is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

As a L2 network, Bitcoin Pepe will build a home for memecoin activities within the Bitcoin ecosystem. This will help it unlock decentralized finance (DeFi) and meme trading on top of BTC.

Bitcoin Pepe is also the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain, making it the perfect fusion between BTC’s security and the unstoppable force of memecoins. 

Thanks to its utility, Bitcoin Pepe is combining high levels of trust (BTC) with high levels of performance (SOL) to capture high levels of retail mass adoption.

Bitcoin Pepe presale hits $3.65m

The Bitcoin Pepe presale began roughly 16 days ago and has raised $3.65 million from investors globally. In the coming hours or days, it will enter the sixth stage, with the $BPEP price set to increase slightly. 

The native token, $BPEP, is available to investors via the Bitcoin Pepe website. The token can be purchased using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. In this fifth presale stage, $BPEP is going for $0.0255 and is set to increase to $0.0268 in the next stage. 

Thanks to its massive utility, this presale could be an opportunity to get in early on this project and purchase $BPEP at a discount. 

What is Bitcoin Pepe’s utility to the Bitcoin ecosystem?

The Bitcoin Pepe project intends to improve the Bitcoin blockchain by introducing several products and services, including DeFi and memecoins. This could enhance Bitcoin’s utility to enable it to compete with smart contract blockchains like Ethereum and Solana in terms of utility. 

With Bitcoin Pepe, memecoins can launch on the Bitcoin blockchain with ease. Introducing memecoins on the Bitcoin blockchain will make it home to a crazy high-octane meme experience. 

As the leading cryptocurrency by market cap, Bitcoin Pepe intends to unlock Bitcoin’s $1 trillion + dormant capital and make it available for memecoin trading. The L2 network will provide the necessary infrastructure for all memes to migrate to BTC, ensuring security and liquidity for investors and users. Bitcoin Pepe’s native $BPEP token will power several activities within the ecosystem. 

Why buy the $BPEP token now?

The Bitcoin Pepe presale will soon enter its sixth stage, with the token price set to increase afterwards. As the team develops its L2 network and other products, the presale could be an excellent opportunity to get in on the project, allowing investors to gain early exposure to the project.

The developers are working hard to introduce memecoin trading to the Bitcoin ecosystem. Doing so could massively increase Bitcoin’s utility in the crypto space. The presale allows investors to purchase Bitcoin Pepe’s native token at a discount before it goes live on exchanges.

The post CME Group to launch Solana futures as Bitcoin Pepe’s presale hits $3.65m appeared first on CoinJournal.

Veröffentlicht am

iDEGEN hits public shelves with momentum as crypto prices crash

AI meme crypto market has grown to a market cap of $2.4 billion, and iDEGEN is set to take its rightful position on the table. After three months in the presale stage, it has hit the public shelves with the same viral momentum. 

Its early adopters are set to continue reaping big from the project as the uncensored AI agent revolutionizes the crypto space. In addition to the 300,000% gains already locked in, its value may surge by at least 10X in coming months. This is despite the selling pressure current felt across the crypto majors.

Ripple price chart pattern hints at further selling pressure in the short term

After trading steadily above the support zone of $2.5000 in the past one week, Ripple price has plunged by about 16% since Monday. Similar to other crypto majors, the altcoin is under pressure as extreme fear grips the broader market. 

A look at its daily chart points to the formation of a bearish death cross pattern as the short-term 25-day EMA crosses the 50-day EMA to the downside. In the near term, the range between $2.0000 and $2.3357 is worth watching. For a firm trend reversal, the bulls will need to gather enough momentum to rebreak the resistance at $2.5500.

XRP Price
XRP Price

iDEGEN debuts on Raydium with the same viral momentum

iDEGEN has hit the public shelves as promised; ending the three-month-long presale. It has debuted on Raydium, a Solana-based DEX and is set to also list on BitMart on 4th March.

What started on a blank slate ready to learn from the crypto degens on X has grown into an ultra-popular AI crypto with the potential to compete with other AI meme coins like AI16Z, Hamster Kombat, and Fartcoin. 

In three months, it has managed to raise $25 million. This has been made possible by its aggressive community, apt timing, and booming AI crypto market. If the presale is anything to go by, its viral momentum is set to yield growth of atleast 10X in the coming months. At its last stage price of $0.038, its early adopters are already enjoying returns of upto 300,000%. 

Bitcoin spot ETF records streak of outflows as tariff jitters persist

Bitcoin price

Concerns over the impact that Trump’s trade policies will have on the US economy have triggered a shift in the market sentiment. Compared to last week’s neutral level of 49, the crypto fear & greed index is now at an extreme fear level of 10. 

With the resultant plunge in Bitcoin price, Bitcoin spot ETFs have seen persistent outflows as its institutional demand falls. According to SoSoValue, Bitcoin spot ETFs recorded daily total outflows of $754.53 million on Wednesday. Notably, the trend has been on for 7 sessions in a row. 

On its daily chart, the bearish death cross pattern points to continued selling pressure in the short term. At its current level, the bulls will be keen on defending the support at $81,600. A subsequent correction may have it rebound past $85,000 to find resistance at $90,000. 

   

 

The post iDEGEN hits public shelves with momentum as crypto prices crash appeared first on CoinJournal.