Features Crypto News by Thebittimes.Com

The crypto market is experiencing a bullish surge, with the total market capitalization reaching $2.76 trillion. Bitcoin , in particular, has been a standout performer, recently surging past $80,000 for the first time. This rally is driven by President-elect Donald Trump’s endorsement of digital assets and the expectation of a pro-crypto Congress. As a result, market sentiment is positive, with 95% of cryptocurrencies seeing gains in the last 24 hours. Today, Bitcoin Cash, Ronin, Aptos, and Theta Network are among the top gainers , showcasing strong growth and attracting significant investor interest. Biggest Crypto Gainers Today – Top List Bitcoin Cash (BCH) is leading today’s surge with a notable 15.77% increase, trading at $429.13. Ronin (RON) follows closely with a 12.44% jump, reaching $1.59. Aptos (APT) saw a significant 11.51% rise, bringing its value to $10.75, while Theta Network (THETA) rounds out the list with an 11.35% gain, now priced at $1.35. These str...

BitMEX founder Arthur Hayes reportedly says that layer-1 blockchain Aptos (APT) is capable of solving many problems for the traditional finance (TradFi) world. In a speech at the recent Aptos Experience conference in Seoul reported by Aptos co-founder Mo Shaikh, Hayes says that his experience in the TradFi world showed him how antiquated the industry is, with large amounts of friction and frequent disputes over settlement delays, currency payments and stock deliveries. The crypto veteran says that a world where TradFi products trade on an Aptos-based decentralized exchange (DEX) could change that. “As an ETF (exchange-traded fund) issuer, you don’t want to deal with all that, so you move all that to an Aptos DEX. With a DEX, you get 24/7 trading and immediate settlement. Why does it take one or two days to settle stock, bond or securities trades in a world where it’s just data moving around? Exchanges resist changing their policies because doing...

ETH rallied alongside Bitcoin as new spot ETF news emerged, and the altcoin could benefit from the failure of its layer-1 competitors. Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This discrepancy warrants an investigation into whether the recent optimism is a broader response to Bitcoin (BTC) breaking above $34,000 on Oct. 24. One possible reason for the surge in enthusiasm among investors using ETH derivatives is the overall market's excitement regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. According to analysts from Bloomberg, the ongoing amendments to the spot Bitcoin ETF proposals can be seen as a “good sign” of progress and impending approvals. This development is expected to drive the entire cryptocurrency market to higher price levels. Interestingly, comments issued by the U.S. SEC C...