Weekly Cryptocurrency Market Update: Institutional Moves and Innovative Developments: 20th Nov
Weekly Crypto Market Update
1.SWFT Blockchain announces partnership with BLOCX
- BLOCX. is an all-in-one computer manager designed to meet your diverse needs while prioritizing security and efficiency. SWFT will provide BLOCX infrastructure to build a swap.
2. South Korea’s National Pension Service Invests in Coinbase: South Korea’s National Pension Service has made a significant investment in Coinbase, amounting to $20 million. This move indicates growing institutional interest in the cryptocurrency market.
3. SWFT Blockchain listing updates
- SWFT blockchain has migrated $DYP by Dypius on BSC, ERC20 and C-Chain to new DYP (ERC20).
- $HVH by HAVAH is now listed on SWFT Blockchain.
- $ORDI has been listed on AllChain Bridge under BRC20 section.
4. Javier Milei’s Presidential Win and Bitcoin’s Market Response: Following Javier Milei’s win in the Argentine presidency, Bitcoin saw a nearly 3% increase in its value. This suggests a positive market response to political changes in Argentina.
5. dYdX Raises Margin Requirements: The decentralized exchange dYdX has increased its margin requirements. This decision is likely a response to recent market conditions and aims to enhance the platform’s stability.
6. BlackRock Files for Spot Ether ETF: BlackRock has filed a prospectus with the SEC for a spot Ether ETF. This move by a major financial firm indicates a growing interest in Ethereum and its broader acceptance in traditional finance.
7. Fidelity Plans to Create an Ether ETF: Fidelity Investments is seeking to create an exchange-traded fund (ETF) that owns Ethereum’s ether (ETH). This initiative, pending SEC approval, reflects the increasing interest of traditional financial institutions in cryptocurrency assets.
8. Neon EVM’s Diverse Gas Payments: Neon EVM, part of the Solana ecosystem, is introducing a feature that allows users to pay transaction fees with various tokens, not just its native NEON token. This innovation aims to simplify transactions and enhance user experience in the crypto space.
9. ‘Uptober’ Boosts Crypto Exchanges: The cryptocurrency market experienced a significant upturn in October 2023, with major exchanges like Binance and ByBit seeing substantial growth in trading volumes. This period, dubbed ‘Uptober’, marked one of the best months for cryptocurrencies in recent years.
10. CoinShares Explores Acquisition of Valkyrie Funds: CoinShares International Limited is considering the acquisition of Valkyrie Funds LLC, a move that would expand its presence in the U.S. digital asset market. This potential acquisition includes rights to the Valkyrie Bitcoin Fund and other ETFs.
About SWFT Blockchain
SWFT Blockchain, the cutting-edge global cross-chain swap protocol powered by generative AI. Established in 2017, SWFT Blockchain has been at the forefront of innovation, seamlessly integrating blockchain, machine learning, and big data to enable direct swaps between over 800 cryptocurrencies across 50+ public chains.
• 6 years of experience in building the best cross-chain swaps!
•Large selection of cryptocurrencies and more than 40,000 swap pairs!
•50+ blockchain supported
•Get up to 50% off on swap fees with SWFTCoin
•Faster swaps, completed in less than a minute!
•24/7 real customer support
🔗 Useful Links:
- Website: www.swft.pro
- App Download: swft.pro/#download
- Login/Register: transfer.swft.pro
- dApps:
- All Chain Bridge
- SWFT DeFi
- Bridgers
Stay tuned for more exciting developments in the world of Cryptocurrency next week.
