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What crypto do you believe would be the next to have an ETF if Bitcoin and Ethereum are both approved?
EDX Markets Shakes Up Crypto Offering: Bitcoin Cash Out, Litecoin In Spotlight Amid ETF Anticipation
EDX, Citadel, Paradigm, and Anchorage. A giant crypto puzzle. Can someone help me understand these crypto patents held by Anchor Labs? Posting this here cause it's mostly about cryptocurrency and cryptoassets.
Bitcoin miner ETF strikes gold: Unveiling the top 5 stocks of the year!
Crypto Exchange EDX Markets Taps Anchorage as Custody Provider
Are blockchain related certificates and courses legit and helpful for career development ?
Litecoin Surges in Value Amidst EDX Listing and Imminent Reward Halving, Enters Top Ten Rankings
Litecoin Price Prediction: Will LTC Surpass the $140 Mark?
Litecoin saw an eventful quarter as it set a new record in its transaction count (500,000 daily transactions) + all-time high hashrate
Litecoin saw an eventful quarter as it set a new record in its transaction count (500,000 daily transactions) + all-time high hashrate
Both LTC and BCH broke out against their all-time downtrends against BTC
Bitcoin Cash (BCH) Surges 33.9% in 24 Hours on EDX Listing, S. Korean Trading Spike
Why Did Citadel-Backed EDX List Bitcoin, Ethereum, Litecoin, and Bitcoin Cash?
Certain Token Price Soars in June: What's Driving the Rally?
New exchange EDX reportedly switching out Paxos' custody services for Anchorage's
BCH gains 112% following EDX Markets listing
Equilibrium (EDX)!!! Huge Announcement Coming!! 🤯
Is this the beginning of the mainstream adoption of Crypto? The institutional adoption of crypto is accelerating:
From Andrew Tate's Bitcoin Seizure To Jim Cramer's Crypto Views: This Week in Crypto - Banco De Chile (NYSE:BCH)
How do we know DCG is a slow motion train wreckage?
Wall Street: There are actually alternatives to stocks
Is Wall Street Issuing a Legitimacy Signal for Crypto with EDX Markets?
Bitcoin Cash (BCH) up 112% in the last two weeks, within the EDX Markets listing
Depending on who you ask, BlackRock just saved, or killed, crypto
The next 10 months until the next Halving will be highly interesting to watch, from the BlackRock ETF to new laws to China‘s comeback.
Citadel, backed by Fidelity and Charles Schwab, launch an unregistered exchange with only 4 tokens,of which traders can't take custody/withdraw. Why would anyone use it, especially after the amount of traders who lost tons from the Gamestop/Robinhood fiasco in which Citadel seemed to play a big part
Seems like this whole operation was to just kill Crypto companies and make room for the incoming financial giants in Crypto, like BlackRock.
Bitcoin Crosses $29K for First Time in Over a Month
Bitcoin and Bitcoin Cash are up 8% and 20% on their daily charts respectively, and the market almost as a whole is up anywhere from 5-20%
With the new TradFi players entering the space. In what ways could they actually manipulate crypto?
Schwab and Fidelity-Backed Crypto Exchange EDX Goes Live, Adds More Backers
Bitcoin Surges to Near $29,000. Wall Street Is Interested in Crypto Again.
Wall Street-Backed Cryptocurrency Exchange EDX Goes Live
Wall Street giants back EDX Markets, a new cryptocurrency exchange
Institutional-Only Crypto Exchange EDX Markets Debuts With Support From Major Financial Firms
Bitcoin Skyrockets To Break $28K Resistance After Citadel, Fidelity and Charles Schwab Unveil EDX Markets
Digital Asset Platform EDX Markets Begins Trading and Completes New Funding Round
Digital Asset Platform EDX Markets Begins Trading and Completes New Funding Round
Another well timed event - Exchange backed by Fidelity, Citadel, and others opens up for trading today - EDX Markets
Crypto Exchange Backed by Citadel Securities, Fidelity, Schwab Starts Operations, titled EDX Markets | CryptoSlate
Equilibrium (EDX) is looking very Ape-Tastic 🦍🦍🦍
Why is this Bear Market different? Well, in the last one we were declared dead and in this one we are being widely adopted! Don't worry I made a list to back this up!
Mentions
EDX for VC fund guys has only BTC, ETH and LTC Since ETHgate // we all know it is security, Litecoin is the 2nd choice pre-approved by SEC.
I think it being selected as one of the three on EDX is enough to begin accumulating.
I've been thinking about the BTC ETF... Are there any current exchanges that let users buy $10M or more? I assume EDX Markets and the BTC Spot CAD ETF is the only way?
I thought EDX was the trading partner and Coinbase was the custodian.
BCH has become a shill for the elitist ever since EDX if you ask me. It's the only reason it went up and still is up
It's called EDX it's run by the shady elite. https://en.wikipedia.org/wiki/EDX\_Markets Like I said they only allow people with big money to join. They are the reason BCH/BSV went up earlier in the year.
He must not be aware of EDX exchange.
>Those steps could avoid the market manipulation and the potential for fraud that the SEC has cited in its opposition to prior proposals for Bitcoin ETFs and for spot-price crypto exchanges. If these sticking points can be removed, it’s likely the SEC might find room to approve BlackRock’s proposal. >For example, EDX’s new exchange for institutional customers would separate broker-dealer activities from each other and from the exchange itself. “It would assure that the exchange is neutral and not pocketing customers’ money,” Eberle said, the way FTX is alleged to have done. “It would assure that broker-dealers hold client assets in segregated accounts. And it would assure that broker-dealers don’t collude with each other.” BlackRock's latest submission seeks to remove the SECs objections to this type of investment vehicle.
tldr; Solidus Labs has uncovered $2 billion worth of wash trades on decentralized exchanges (DEXs) since 2020. Wash trading refers to traders executing self-trades to create artificial movements in the prices or volumes of crypto tokens. The report highlights the vulnerability of smaller markets in the DeFi space to price and volume manipulation. Solidus Labs is developing solutions to detect and prevent wash trading on DEXs. The firm has also partnered with EDX Markets to bolster transaction monitoring on their platform. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The article discusses the readiness of cryptocurrency for Wall Street and institutional investment. It highlights the increased interest from Wall Street firms in cryptocurrency, including the filing of ETFs by companies like Valkyrie, Bitwise, WisdomTree, and Invesco. Traditional financial players like Deutsche Bank and EDX Markets are also making strides in the crypto arena. The article argues that centralized finance (CeFi) platforms like Coinbase and Gemini are already equipped to handle Wall Street operations, with regulatory clarity and engaged market makers. It also discusses the potential of decentralized finance (DeFi) as a settlement layer, but notes that pure DeFi protocols are still experimental and pose risks for institutional investors. Overall, the article suggests that crypto is closer to readiness for Wall Street than not, with CeFi being the most likely sector for initial interest. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The article discusses the readiness of cryptocurrency for Wall Street and institutional investment. It highlights the increased interest from Wall Street firms in cryptocurrency, including the filing of ETFs by companies like Valkyrie, Bitwise, WisdomTree, and Invesco. Traditional financial players like Deutsche Bank and EDX Markets are also making strides in the crypto arena. The article argues that centralized finance (CeFi) platforms like Coinbase and Gemini are already equipped to handle Wall Street operations, with regulatory clarity and engaged market makers. It also discusses the potential of decentralized finance (DeFi) as a settlement layer, but notes that pure DeFi protocols are still experimental and pose risks for institutional investors. Overall, the article suggests that crypto is closer to readiness for Wall Street than not, with CeFi being the most likely sector for initial interest. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; A new crypto exchange called EDX Markets has partnered with Anchorage Digital, a crypto platform, to use its digital asset management services. Anchorage Digital will serve as the custody provider for EDX Clearing, the clearinghouse arm of EDX Markets. The decision to partner with Anchorage Digital was influenced by its robust security and compliance framework, as well as its banking charter from the Office of the Comptroller of the Currency. EDX Clearing, which currently supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, will settle trades matched on its exchange using Anchorage Digital Bank for custody of assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
tldr; Crypto exchange EDX Markets has chosen Anchorage Digital as its custody provider for its clearinghouse business. The clearinghouse will settle trades matched on EDX, and Anchorage's status as the only federally chartered crypto bank in the US makes it an ideal partner. Unlike other exchanges, EDX does not hold customers' assets, so the partnership with Anchorage is crucial. EDX Markets, which launched earlier this year with backing from investors like Fidelity and Charles Schwab, currently offers four tokens and plans to add more as regulation becomes clearer in the US. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
*EDX differs from other crypto exchanges in that it doesn’t hold customers’ assets and instead, users have to go through financial intermediaries to buy and sell crypto assets, which is why the partnership is crucial for the exchange.* This sounds like a good thing but maybe I am missing something ? Seeing that’s Schwab is involved makes me uneasy.
It could be reserves for that new EDX exchange announced as a joint venture between Charles Schwab, Citadel and Fidelity.
>SEC said they weren’t going to explain how they came to the conclusion People freak out too much about tokens being securities. It would just require the company that issued and sold the token to make necessary disclosures to address information asymmetry. It's basically why securities law exists, to address the fact that insiders have information outsiders giving them money don't. It's not a disaster if the SEC creates a way for exchange offering crypto securities to register. I think they're going to allow EDX markets, which is created by wall street, to register as a crypto securities exchange.
It seems to me that SEC has problems with Coinbase being an exchange, broker, custodian, hedge fund, venture fund, market making... conflict of interests which they're not supposed to allow in legacy markets. My expectation is all the crypto securities (coins that have premine, ICO, VCs) are going to be allowed to trade only on EDX markets, backed by Fidelity, Schwab and Citadel. No coincidence that it was just launched last month.
Shitcoin. Also being listed on EDX for not being a security is no longer an outstanding criteria. At least those are my thoughts.
I bought some BCH on the back of the EDX news. The companies behind EDX are some of the largest Wall St firms with trillions under management. I am sure they have done their due diligence before picking which coins to list.
It is down over 90% against BTC so it got a pretty nice jump off of being listed on EDX (https://fortune.com/crypto/2023/06/27/bitcoin-cash-more-than-doubles-after-being-offered-by-new-exchange-edx-markets/) You can say that it was oversold and then given some life. Who knows what happens next, but I would zoom out
Nobody expects BCH to be one of the few assets that will be traded in EDX markets
it's a Memecoin and only went up due to EDX. Been nice riding it up and shorting it at the top
I can't lie this post is some high-grade hopium. I don't even hate that, but it overlooks some major facts. BCH was listed on EDX markets, an exchange from the likes of Fidelity, Charles Schwab and Fidelity. The exchange listed LTC, BTC, ETH and BCH. BCH is the least of all these which lead to markets front-running and buying in the hopes of using EDX markets BCH(as well as LTC) buyers as exit liquidity. Litecoin also has an upcoming halving. On top of this as soon as markets had hit another pump you immediate saw BCH and LTC prices take a big hit with them down while the rest of the market was up. This is why you never read too much into anything with crypto. "Fundamentals" are mostly just how traders use current price to justify their feelings using made-up logic, a sure way to become exit-liquidity.
I agree 100%. BCH was only popular because it was one of 4 tokens listed on EDX, the new exchange from Citadel, backed by Fidelity and Charles Schwab. It is also the reason Litecoin was pumping as well although that's partly due to its upcoming halving too. ​ Don't get it twisted.
None for us poor folk. The SEC has granted institutional investors priority over all current US cryptocurrency investors. I tried looking into EDX, but it's for institutional investors only.
Slowclap at me shorting BCH screw EDX
Hoping to see BCH fall hard past the 272$ mark. Just because of who are behind EDX and the shillers. And it will benefit my short lol
I’m voting on the underdog LTC this time around! Blackrock, Fidelity, JPMorgan, Morgan StanleyMS, Goldman Sachs, BNY Mellon, InvescoIVz, and Bank of AmericaBAC have all filed to have Litecoin by name on the EDX and market cap is only around $8 billion right now…compared to BTC and ETH- the room for potential upside is big.
Blackrock, Fidelity, JPMorgan, Morgan StanleyMS, Goldman Sachs, BNY Mellon, InvescoIVz, and Bank of AmericaBAC have all filed to have Litecoin, Bitcoin, and ETH on the EDX. When this takes off, this is going to drive hard and fast IMO
I wouldn’t want to face all those lawyers! Blackrock, Fidelity, JPMorgan, Morgan StanleyMS, Goldman Sachs, BNY Mellon, InvescoIVz, and Bank of AmericaBAC have all filed to have Bitcoin, ETH, and Litecoin on the EDX. That’s a hell of a lineup that the SEC is facing. Little Litecoin too! Their market cap is only around $8 billion right now…compared to BTC and ETH- the room for potential upside is big.
Most people overlook it and think EDX is the only reason it's getting traction, but that is just a small piece to the reasons. 1) BCH had a network upgrade in the middle of May, ushering in advanced smart contracts / defi / native tokens / etc... Pretty much anything that can be done on ETH can now be done on BCH 2) Has native introspection to help with scalability and Blockchain bloat, chain state won't be bloated like Eth's 10tb chain. https://documentation.cash/protocol/forks/chips/2022-05-native-introspection-opcodes 3) Real world adoption. It has more brick and mortar merchants accepting it than even BTC. The Caribbean being it's stomping ground, where legislation is being drafted for legal tender. 4) One of the few regulatory compliant chains, seen as a commodity rather than security. 5) Retains Bitcoins block history and Genesis block.
It's brand recognition, everyone knows the name. People will be skeptical at first, but I assume it's just going to be like Reddit going paid API, everyone will still use it, regardless. If you use our current rules pertaining to exchanges (not leaving anything of value sitting in your wallet), it'll just be another option. They could even go one step higher and offer non-custodial wallet services, much like EDX is currently offering under the SEC's stricter custody rules for crypto firms.
It's tarnished here, in this community. This community isn't world markets where derivatives are valued at over a quadrillion dollars. If the EDX launch news alone has already caused a significant rally of OG staples, what more for "everything else" if FTX relaunched with full access to the cryptocurrency markets with the same SEC backing? Full-access for North American clients.
Well if you think of how poorly run FTX was, imagine how good it could be if it was ran properly? That's how it looks to investors. The relaunch could not only be successful, but it could be great, despite this community's tarnished opinion of it. EDX has launched with OG staples, with great success so far with the SEC's blessing to operate, what more for an exchange that operates with great vitriol as competition against Binance, with options for every cryptocurrency on the market? They get Wall Street backing, reopen with reputable SEC financial firms, and relaunch FTX. A completely Americanized version. Who knows? Maybe they will even compensate previous investors to rebalance their trust? Small price to pay for success.
Sec can't touch them and EDX listing it. That's enough for me but the topping here may be the fact it hits new ATH every bull market. I expect it this time also. My bet 1K$ or more if big money start buying it agressively
Yup, noone was giving a shit about ltc halving with the previous narration and sec pawning alts right and left. But suddenly EDX, spot etf by biggest funds and we woke up at bullish af sentiment. Its difficult to imagine btc below 30k unless etf rejection what is not going to happen imo. Just postpone decision on etf to next year and we got nice rocket before btc halving.
Yep, that exchanged backed by banks (EDX) listed BTC, BCH, LTC and ETH only. These are probably going to gain some more attention the next months.
Wall Street exchange EDX listed BCH. Might be the reason.
It's all power play by big banks and governments trying to chase out the big fish (Binance) so their surveillance style exchanges like "EDX" can take over. Binance won't go down this easy.
One of the coins listed in the new Wallstreet-backed EDX exchange (for institutional customers only). And like another comment said, it's not one of the alts being targeted by SEC.
tldr; Dino coins, older tokens in the cryptocurrency market, have been rallying as traders anticipate the next bull market. Bitcoin Cash (BCH) and Litecoin (LTC) have seen significant price increases, with BCH surging by 212% in the past ten days and LTC increasing by 55% since June 15. Ethereum (ETH) has also experienced a 19.6% rally. The upcoming halving of Litecoin's block reward and the support of these tokens by the recently launched EDX exchange have contributed to their price increases. Other dino coins that have rallied include Bitcoin SV (BSV), Stellar (XLM), Zcash (ZEC), and Ethereum Classic (ETC). The total cryptocurrency market capitalization has also risen alongside Bitcoin and dino coins. Traders are aware of the correlation between dino coins and altcoins, and are planning accordingly. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The Securities and Exchange Commission (SEC) has deemed bitcoin spot exchange-traded fund (ETF) applications filed by Nasdaq and Cboe on behalf of BlackRock and Fidelity as inadequate. However, this feedback does not indicate that the product is not viable. The SEC has allowed bitcoin futures-based ETFs to trade on regulated exchanges but has denied spot applications, citing concerns about fraud and manipulation in the underlying spot market of bitcoin. Bitcoin's price fell 4% after the news. The applications include a surveillance-sharing agreement with Coinbase, but the exchange's name was initially omitted due to its ongoing enforcement action with the SEC. The exchanges are likely to refile the applications with Coinbase named, and other reputable exchanges like EDX may also be included. The SEC will review the applications again and may accept them or request more information about the surveillance agreements. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
"Thee applications could include other reputable exchanges, such as EDX, an institutionally focused brokerage backed by the likes of Charles Schwab and Fidelity" How practical that they launched just in time... What a joke the SEC is...
Billions of institutional money are waiting to invest into crypto, but there's only 4 institutional grade coins to choose from according to EDX. BCH had a market cap of $4bn up until yesterday, that's just a drop in the bucket compared to the institutional money coming.
I think they purposely didn't name the exchange when filing because at that time EDX had not gone live. EDX went live a few days afterwards, and they will probably be the exchange that they use and had already been planning on using. They didn't list an exchange while crossing all other t's and dotting all other i's on purpose.
Halving fomo. EDX listing.
Just recently with the launch of EDX, institutional money is flowing in now for the commodity class of PoW cryptocurrencies. We might not have ETFs on the stock market, but the stock market is launching their own exchange instead.
Pretty sure EDX is already live
SEC stated they needed to know the name of the exchange for the spot ETF. Who wants to bet that Blackrock will just name the new EDX backed by Citadel, Charles Schwab, and Fidelity that recently went live for non retail investors and the SEC will give them the green light?
Can't know for sure. Might be EDX listing, but BCH has plenty of other stuff going for it. The recent CashTokens upgrade is huge.
Lots of folks are attributing it to the EDX listing. That could be it, but BCH has been improving fundamentals over the years, even if people like to pretend it hasn't. The most recent BCH news is the activation of CashTokens: https://cashtokens.org/ When combined with previous upgrades like Transaction Introspection, it enables complex smart contracts comparable to those on Ethereum, but with much better scaling characteristics. https://blog.bitjson.com/jedex-decentralized-exchanges-on-bitcoin-cash/ Infrastructure is still being built out, but it may be one source of the hype.
Lots of folks are attributing it to the EDX listing. That could be it, but BCH has been improving fundamentals over the years, even if people like to pretend it hasn't. The most recent BCH news is the activation of CashTokens: https://cashtokens.org/ When combined with previous upgrades like Transaction Introspection, it enables complex smart contracts comparable to those on Ethereum, but with much better scaling characteristics. https://blog.bitjson.com/jedex-decentralized-exchanges-on-bitcoin-cash/ Infrastructure is still being built out, but it may be one source of the hype.
Lots of folks are attributing it to the EDX listing. That could be a lot of it, but BCH has been improving fundamentals over the years, even if people like to pretend it hasn't. The most recent BCH news is the activation of CashTokens: https://cashtokens.org/ When combined with previous upgrades like Transaction Introspection, it enables complex smart contracts comparable to those on Ethereum, but with much better scaling characteristics. Infrastructure is still being built out, but it may be one source of the hype.
listed on "EDX markets"... and it has "bitcoin" in its name
Both of them weren't listed as securities by the SEC and listed by EDX. People probably buying them expecting an inflow of new investors
EDX and high fees on BTC
EDX listing, not being a security and ordinals clogging blocks on BTC.
Quoting from the article. “A cumulative gain of 183% since June 20 coincides with South Korea's increased trading activity and EDX Markets launch”.
That EDX listing is really making one of the 4 coins pump harder than the others. Any one know why?
tldr; Bitcoin Cash (BCH) has surged 33.3% in the last 24 hours, reaching a 14-month high of $320. This increase in value represents a cumulative gain of 183% since June 20, coinciding with the launch of EDX Markets, a crypto exchange backed by Fidelity, Charles Schwab, and Citadel. The inclusion of BCH in the exchange's trading list, along with increased trading activity in South Korea, has contributed to the price surge. Despite this rally, BCH is still down 92% from its all-time high in December 2017. The current bullish trend in the cryptocurrency market, driven by Bitcoin ETF applications, may also be influencing the BCH rally. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
One of the reasons for pump is Bitcoin cash inclusion on EDX, the Citadel Securities Backed Crypto Exchange. BCH also saw highest volume transactions in a year exceeding $750M.
>curious to know what your feelings say this run actually is I honestly can't put my finger on it. Kinda a gut thing. But how many times did we already have to explain sudden market moves with "crypto doing crypto things". I don't believe EDX is the answer because it also would have moved BTC more. Yes, it needs more money to move the giant but it's the mf Wall Street going crypto.
The news of the EDX listing imo is no longer reason for market moves. Whales make their moves quickly after such developments & retail has only limited influence. The pumps we are seeing now feel different.
It's going up because it's listed as one of four crypto on the EDX exchange.
If one accepts that EDX listing is what has led to the BCH pump then logically one should expect LTC to pump too. This one even happens to be one month away from issuance halving.
I definitely had FOMO yesterday, and it is still technically Bitcoin. If you think about it, despite the past, this is cheap Bitcoin and you could literally own a whole coin easy, right now. Worst that can happen is you lose a couple hundred bucks, but the Institutional Investors at EDX might treat it like Bitcoin-lite and it could take off into the thousands (it might not seem likely but this market is wild). I missed out on Ethereum at $6. I told myself: never again.
It's not too awful hard to figure out why the pump. [EDX](https://www.marketwatch.com/story/new-crypto-exchange-edx-backed-by-citadel-securities-fidelity-schwab-starts-operation-47ce868f)
..Because they bought it before the pump to sell to the institutions via EDX. Thats the reason it started moving up in the first place. So it benefits them massively obviously. Same go's for the another names involved
See who is behind EDX and then wonder why people are supporting this pump.. Talk about betraying your own people. Citadel must be rubbing them thick hands
I’m waiting for it to dump. Would rather stick to the 4 crypto that will be EDX. All other ALTs are a Solana scandal away from oblivion.
I don't agree. EDX crypto exchange juat went live which is backed by Schwab and Fidelity. Right now it is just surviving institutional clients but it will offer retail services for sure in the future. Prometheum Ember Capital came out of nowhere and became the first SEC registered exchange while coinbase tried and failed many times to do so. You see the trend here! They are cracking down on crypto exchanges so that their "friends" can setup their shops.
I don't agree. EDX crypto exchange juat went live which is backed by Schwab and Fidelity. Right now it is just surviving institutional clients but it will offer retail services for sure in the future. Prometheum Ember Capital came out of nowhere and became the first SEC registered exchange while coinbase tried and failed many times to do so. You see the trend here! They are cracking down on crypto exchanges so that their "friends" can setup their shops.
Except for BlackRock, EDX, and any other Wall Street firm that decides to join the game. See how that works?
He needs EDX to scrape the bottom, so he stay liquid.🤣
tldr; Bitcoin Cash, along with Bitcoin, Ethereum, and Litecoin, has been listed on the new crypto exchange EDX Markets. The decision to include these four assets was based on their perception as commodities by regulatory bodies, which reduces legal challenges. The Securities and Exchange Commission (SEC) has been cracking down on unregistered securities in the crypto industry, but Bitcoin and Ethereum have been deemed commodities. Bitcoin Cash and Litecoin, being forks of Bitcoin, are likely to have the same status. The inclusion of these established assets on EDX Markets provides institutional investors with a taste of the crypto world. However, as regulations evolve, the exchange may expand its offerings. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Other than that it was one of the few coins listed in the Wallstreet-backed EDX exchange that released recently, I don't think there's any other news. It being able to sustain the pump this long is quite strange 🤔
A leveraged BTC ETF got approved by the SEC. That Wallstreet-backed EDX exchange going live. And a few more financial institutions like HSBC in HongKong filing for ETFs. Those are the latest ones, I think. I was also busy the last week so I might've missed something myself
This has nothing to do with POS vs POW. Both are decentralized enough that the idea of capturing them is nonsense. This is more about ETH/BTC already being very much in the hands of the people that matter. This pair has gone too far. They are globally accepted with ETF's approved for both in some regions. There is no stopping them. US Regulators believe they still have time on most other coins/tokens, but as long as they are truly decentralized they will be impossible to control too. Either way, their narrative will shift as the rest of the globe doesn't give a crap and is trying to list all major coins/tokens. Meanwhile, the US is still a crypto newb and is approving things like BCH & Litecoin on EDX lol. Just give it time. It'll get sorted. There is always something to fear in the short term. None of it matters as long as the network is truly just a decentralized piece of software that anyone can add to, operate, and build on. Ethereum definitely fits this.
tldr; Blockchain fintech company Paxos has partnered with online marketplace MercadoLibre to bring the Pax Dollar (USDP) stablecoin to Mexico through the MercadoPago payment service. USDP will be available to all MercadoPago customers in Mexico, providing stablecoin access and potentially reducing fees related to remittances. Mexico currently has a 9.3% cryptocurrency penetration rate, with over 12 million users, and analysts estimate that by 2027, over 20 million people in Mexico will hold crypto. Paxos is well-known in fintech and has previously partnered with PayPal. In other news, cryptocurrency exchange EDX has switched custody providers from Paxos to Anchorage Digital. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
For anyone interested in finding out more about BCH and what's going on, it's a lot more than just an EDX listing. It's actually the centre of everything that's going on in crypto (absolutely dead serious), but you have to know all the history to understand. https://bitcoincashpodcast.com/start
Isn’t EDX the new FTX?
note : EDX is backed by Citadel Securities, which executes trades worth $463 billion a day. 36% of U.S. retail volume is executed through the Citadel Securities platform.
Coincidence that Wall Streets EDX exchange launched after Binance and Coinbase were faced with lawsuits. The timing is way too perfect.
Wallstreet boys as worse as RH. F*k EDX
tldr; Cryptocurrency exchange EDX, which launched last week with backing from Citadel Securities, Fidelity Digital Assets and Charles Schwab, is reportedly dropping Paxos Trust as its custody provider in favour of Anchorage Digital. EDX supports trading in Bitcoin, Ether, Litecoin and Bitcoin Cash, and has a non-custodial business model designed to remove conflicts of interest. EDX plans to introduce EDX Clearing, a clearinghouse to settle trades executed on the platform, later this year. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It's one of the 4 coins listed by EDX and a solid project. Sure price movement has been stagnant lately but it could have a breakout at any time
tldr; Bitcoin cash (BCH) has surged by 112% in value within a week of being listed on EDX Markets, a platform supported by prominent financial institutions. This surge can be attributed to BlackRock’s application for a bitcoin spot ETF and the launch of EDX Markets, a trading platform specifically designed for institutional investors. EDX Markets exclusively listed four cryptocurrencies: bitcoin (BTC), ether (ETH), litecoin (LTC), and bitcoin cash (BCH). Including bitcoin cash among its supported crypto assets appears like a vote of confidence in the cryptocurrency. At the time of writing, bitcoin cash (BCH) is exchanging hands for $224.76, representing an increase of 16.7% within the last 24 hours and a 112% surge over the past week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Might not be so random after all. EDX listed four cryptocurrencies: Bitcoin, Ether, **BCH**, and Litecoin.
I would take profits considering the pump is already too big if the only reason for the pump is that it was one of the coins listed in that new EDX exchange. Then again, I'm always wrong 😜
tldr; Bitcoin Cash (BCH) has surged to a one-year high, rising over 100% in the week after being listed on institutional-backed crypto exchange EDX Markets. The token's price rose 17% in the past 24 hours to as much as $226.44, the highest since May 2022. BCH has been benefiting from the launch of EDX Markets alongside rising trading volumes and social media interest, according to crypto research firm Santiment. Despite early optimism, the blockchain's traffic is dwarfed by Bitcoin's transaction numbers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
TLDR: Although a centralized exchange (CEX), EDX follows a non-custodial model that will likely be attractive to crypto investors in the post-FTX crash world. Traders will have the pick of four cryptocurrencies, BTC, LTC, BCH, and ETH.
It was one of the available coins in that new Wall Street-backed EDX exchange, if I'm not mistaken. But the intensity of its pump is still sus though, even with that reason 😂
It got listed on EDX and UXTO based smart contracts
It's been listed as one of 4 coins (BTC, ETH, LTC & BCH) on the new Wall Street backed exchange EDX. Additionally BCH is pushing UTXO based smart contracts lately.
BCH was listed as one of only 4 coins on the new Wall Street backed exchange EDX. Also BCH is pushing UTXO based smart contracts.
It’s all speculation of course. But if EDX or other institutional market makers wanted to create hype, its way easier to pump BCH to 10k than to pump BTC to 100k. If BCH ever surpass ETH in price(Not in market cap), I think it will have a huge psychological impact all around. Again, all speculation on my end.
Listen up fam! We're diving deep into the crypto world, where things get real uncensored. Ethereum be flaunting its bullish signals like a boss, makin' moves and bouncin' back. Santiment, the analytics gang, spotted some juicy deets. ETH's supply on exchanges hittin' an all-time low, meaning folks ain't sellin' that shit. They stashin their ETH away, keepin that sell-off pressure at bay. Ain't nobody messin with their precious digital gold, you feel me? But wait, there's more! Let's talk transaction fees, my crypto hustlers. ETH's average fees lookin damn attractive, droppin down to levels not seen since back in March when ETH was climbin to them 2023 peaks. So, when you wanna sling some ETH around, you won't be shelling out those crazy fees. It's like gettin a discount at the crypto flea market! Now, let's switch lanes to Bitcoin Cash, the underdog in the crypto realm. This bad boy been causin a ruckus on social media, catchin mad attention after gettin some love from EDX Markets, a digital asset marketplace. And hold up, let me drop some heavyweight names on ya: Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial are all backing EDX Markets. Talk about havin the big guns in your corner! With the help of EDX Markets, Bitcoin Cash be struttin its stuff, showin off with a mind-blowin 79% price gain in just four days. That's like goin from zero to crypto hero in the blink of an eye! The social media streets be buzzin with chatter 'bout BCH, and the volume be off the charts, blowin past previous records like it's no biggie. BCH is on fire, my friends, burnin up those crypto streets! So there you have it, the crypto game playin by its own rules, makin moves that'll make your head spin. Ethereum flashin its bullish signals, Bitcoin Cash risin up with some major support, and the crypto world be rockin' with excitement. Buckle up, comrades, cause we're divin deep into the uncensored crypto abyss! Let's keep it raw, keep it rebellious, and remember, in this realm, anything goes! Now go forth and conquer, you fearless crypto warriors!
tldr; Crypto market analytics firm Santiment reports that Ethereum is showing bullish on-chain signals as the altcoin bounces back. Ethereum's supply on crypto exchanges as a percentage of its total supply has hit a fresh all-time low, indicating limited sell-off pressure. Additionally, ETH's average transaction fees have fallen to a level last seen before Ethereum's ascent to its 2023 highs, making them attractive. At the time of writing, ETH is trading for $1,880, a nearly 15% increase from its June low of $1,637. Santiment also notes that Bitcoin Cash has seen a massive 79% price gain in four days, receiving support from the digital asset marketplace EDX Markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Also the SEC securities lawsuits with many US exchanges at the same time which stops a lot of unsophisticated Retail buyers who buy on the main exchanges from buying. Meanwhile these giant asset management companies like Blackrock Schwab, fidelity, citadel are backing the new EDX crypto exchange and buying up BTC and a few other alts after the prices have crashed.