Author: American Coins & Gold

Orbit Chain Loses M in Cross-Chain Bridge Exploit
Orbit Chain, a platform that interacts and transacts with various blockchains, has lost $81 million after hackers exploited the platform’s cross-chain bridge.

Polymarket Traders See 89% Chance of SEC Approving Spot BTC ETF by Jan. 15
Some investors have bought the “No side shares” of the prediction contract to hedge against potential delays in the SEC’s approval of spot ETFs.

Bitcoin-Related Companies Show Pre-Market Gains as BTC Nears K
U.S.-listed companies rode bitcoin’s bullish momentum to show significant gains in pre-market trading, including COIN, MSTR, MARA and RIOT.

Sei Network Emerges as Latest Crypto Favorite; Meme Coin SEIYAN Leads Bets
Meme coin SEIYAN – apparently a cult term for holders of the SEI token – has gained 400% in the past week, serving as a proxy for the growth of the broader Sei ecosystem.

Wild Trading Session Sees Tellor’s TRB Token Slide From 0 to 0 in Hours
Futures tracking the lesser-known token saw $68 million evaporate in leveraged bets in a 24-hour period.

Bitcoin Bullish Bets Costlier Than Ever as Funding Rates Hit Record 66%
Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday.

Bitcoin Spot ETF Anticipation Boosts BTC Price to Nearly K in Strong Start to 2024
Speculation has been ramping up that regulatory approval for a U.S.-based spot bitcoin ETF is coming this week.

Bitcoin Starts the New Year Rising Past K, Highest Level Since April 2022
Speculation has been ramping up that regulatory approval for a U.S.-based spot bitcoin ETF is coming this week.

FTX Founder Sam Bankman-Fried Won't Face Second Criminal Trial, U.S. Prosecutors Say

Amid Bitcoin ETF Race, Wall Street Giants Dot Their Bureaucratic I's as Likely SEC Action Looms