May 2025 – Page 324

First Mover Americas: Bitcoin’s Bitfinex-Led Surge

The latest price moves in crypto markets in context for Feb. 27, 2024.

Aerodrome Finance is the largest protocol on Base with more than 30% of a market share.

Coinbase premiums for ether (ETH) tokens were higher than usual in the past week, suggesting demand was led by U.S. investors, CryptoQuant said.

Total market cap of Circle’s USDC has increased faster than that of larger rival Tether’s USDT in recent months, the report said.

Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd and Mike Braun filed a bill titled “The CBDC Anti-Surveillance State Act.”

OKX President Hong Fang says there is a high demand for crypto in the country.

Brandt expects bitcoin’s ongoing bull market to peak at $200,000, a significant upward revision from the previous estimate of $120,000.

One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.

A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.

Hong Kong’s securities regulators says HBGL Hong Kong Limited withdrew its application for a license on February 23.