After making a daily high of $64,804, Bitcoin is now trading at $62,902. However, the current BTC support is around the $61,000-$62,000 region, and it can retest this support before further upside movement. Meanwhile, the second-largest cryptocurrency, Ethereum, is making a new daily high and is trading close to $2,445.
Let’s find out some interesting crypto news for today.
Cryptocurrency exchange Binance announced it will list the Coinbase Stock Token (COIN). Moreover, users can trade this token on the Binance website under the pair COIN/BUSD. However, this trading pair is still not open for trading, but the team will reveal these details soon. The Binance Stock Tokens are zero-commission digital tokens, which are fully backed by a depository portfolio of underlying securities. These tokens allow users to trade fractional stocks, which can be settled and collateralized in BUSD. Recently, the team has launched the Tesla Stock Token and is planning to list more stock tokens and features in the near future.
In addition, the Coinbase exchange is going public today on Nasdaq through a direct listing under the ticker COIN. Meanwhile, the Nasdaq stated that COIN does not have any previous trading history. Therefore, COIN stock has received a reference price of $250. Notably, with this listing, Coinbase becomes the first Bitcoin trading platform to enter the stock markets.
PAID Network partnered with Vortex DeFi to strengthen their business agreements. Vortex aims to simplify the DeFi space by connecting different DeFi instruments on one platform. With this collaboration, Vortex users will get access to PAID’s SMART Agreements. This will help users to complete business agreements digitally utilizing tokens and DeFi instruments. PAID Network endeavors to simplify the business contract, litigation, and settlement processes through its cost-friendly dApp. Further, this would enhance the Vortex DeFi platform by adding more liquidity and advancing users’ financial and social credit scores.
Terra Virtua partnered with Casper Network to verify the authentication of physical assets. CasperLabs is designed to mitigate the barriers of mainstream blockchain adoption without sacrificing usability, cost, decentralization, or security. Terra Virtua’s platform offers a curated marketplace for non-fungible token (NFT) creators and collectors. Hence, this integration will enhance the verification process of physical assets using NFTs. Additionally, this will also increase the user’s trust and help in mainstream NFT adoption.
Oddz Finance announced the integration of Chainlink’s implied volatility (IV) data feeds to boost its multi-chain options trading platform. Moreover, Oddz is a multi-chain options trading platform that provides users customized trading options. It has an in-built oracle solution to offer seamless on-chain option trading. With this integration, traders can hedge their underlying asset with Chainlink’s dynamically calculated IV. Further, this will also help for the accurate calculation of option premiums based on the expiration dates.
In the last bit of crypto news for today, we have Orion Protocol integrating with Polkadot via Moonbeam to enhance its ecosystem. With this integration, Orion Protocol will utilize Polkadot’s assets and its fast-growing ecosystem. Further, Orion users can access DeFi and NFT parachain projects. In turn, Polkadot and Moonbeam developers will utilize Orion’s decentralized gateway to access major CEX, DEX, and swap pools. Collaboratively, the team is building a user interface (UI) to integrate Moonbeam and Polkadot into Orion Terminal. Additionally, this would enhance the interoperability and scalability of Orion Terminal with low transaction costs.
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