Ethereum News Daily Official TheBitTimes.com

Crypto.com, a leading cryptocurrency exchange, has announced that its over-the-counter (OTC) trading services are now available to VIP users in the U.S., as reported to Finbold on Friday, September 5.  Thanks to the launch, American high-volume traders will have access to deep liquidity, zero-fee block trades, and round-the-clock support. Other exclusive perks include thinner spreads, zero fees regardless of trade size, and Firm Quote functionality that eliminates “last look” delays via atomic settlement on every trade. The rollout largely coincides with Crypto.com’s expansion of its staking options in the U.S., including Toncoin (TON) and Eigenlayer (EIGEN) support.  The new offerings allow customers to stake directly through the Crypto.com app and earn up to 3.9% in rewards. $TON, $EIGEN and Eigenlayer ETH are now available for on-chain Staking in the Crypto․com App for US users ! Start staking to secure your favourite blockchain while earning up ...

The U.S. Dollar and Bitcoin have been moving in inverse directions. Throughout 2022 as Bitcoin shed value, the U.S. Dollar index grew stronger. Interestingly, the DXY ’s 2023 high nearly coincided with Bitcoin’s 2023 low. According to the thumb rule, Bitcoin tends to benefit from a weak greenback. Usually, DXY ’s downtrend helps strengthen Bitcoin’s value, and vice versa. Can U.S. Dollar Help Bitcoin Rise Like a Phoenix ? Over the past few months, a few interesting trends have been observed on the DXY and BTC charts. Primarily, both assets have been trading within a horizontal channel. While Bitcoin stepped into it by mid of last year itself, the Dollar Index caught up a few weeks later. In Q1, whenever DXY was seen trading around the ceiling of the setup, Bitcoin had been hovering around lows [1]. Contrarily, whenever BTC traded around the roof in the April-May period, the DXY ended up creating lows [2]. Now, the Dollar is trading below the setup as observed in the cha...

The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act. Court documents were filed indicating that Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges leveled against him by the Securities and Exchange Commission (SEC).  In the motion filed on Friday, April 21 to have the SEC charges dismissed, Kwon argued the SEC’s claims are invalid, pushing back against the agency’s position that tokens including MIR, LUNA (LUNA) and UST are securities. Additionally, Kwon’s counsel said the agency lacked the proper jurisdiction to bring charges against Kwon and Terraform Labs because Terra's tokens and projects were “aimed at the world” and did not specifically target U.S. investors.  The South Korean district court recently dismissed security violation charges against the co-founder of Terraform Labs, Hyun-seong Shin, deeming LUNA ...