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gc_summary_28.04_w

Bybit adds crypto options trading as part of expansion plans

Hi there! Welcome to the weekly digest brought to you by the Good Crypto team. We know how important it is to be well-informed about the latest developments in the niche, so we have brought together the past week’s most exciting events. Below you will find the hottest news, the newest exchange listings, and even memes to cheer you up. If you want to get these updates as soon as we post them, follow us on Twitter or Telegram.

Weekly Market Summary

During his impending purchase of Twitter, billionaire Tesla CEO Elon Musk has put free speech front and center. Now, he has the backing of the CEO of one of the largest cryptocurrency exchanges.

Elon buying Twitter is a great win for free speech and probably changes the trajectory of the world more than most people realize,” tweeted the CEO of Coinbase, Brian Armstrong. “Twitter is upstream of media and culture in many ways, and it was trending in a very dangerous direction on censorship.”

Two former Jefferies Financial Group executives will launch new crypto exchange for institutional investors.

Following the completion of a recent preliminary investment round, the exchange, called Crossover Markets Group Inc., is slated to launch in “late summer to early fall.”

The new exchange is described as a “digital asset exchange designed to meet the liquidity needs of institutional clients” on the Crossover Markets website.

Quick weekly news:

Other notable events include:

  • 21 Shares has launched a hybrid Bitcoin and gold ETP
  • New York bans BTC mining using non-renewable power

21 Shares has launched a hybrid Bitcoin and gold ETP

On Wednesday, the Swiss business released the 21Shares ByteTree BOLD ETP (BOLD), a new product aiming to provide inflation protection by monitoring an index that offers risk-adjusted exposure for bitcoin and gold.

The new hybrid ETP, listed on the SIX Swiss Exchange, is rebalanced monthly based on the inverse historical volatility of each asset. At the time of its introduction, BOLD held 18.5 percent of BTC and 81.5 percent of gold.

Many people in the crypto world see Bitcoin as a digital substitute for gold, according to Hany Rashwan, co-founder and CEO of 21Shares. “This hybrid product combines the traditional value of gold with the promising return rates of bitcoin, which is considered by many as the new gold.”

New York bans BTC mining using non-renewable power

Late Tuesday, the New York State Assembly approved a measure that would put a two-year moratorium on any new proof-of-work (PoW) cryptocurrency mining operations in the state that utilize carbon-based fuel.

The bill, supported by Anna Kelles, would put a two-year ban on the approval of any new Bitcoin mines. Not only that, but it would also restrict the renewal of licenses provided to current PoW cryptocurrency miners who use carbon-sourced energy to increase their power use.

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  • Spot trading: CryptoKing Bitcoin (BTC) has suddenly fallen from its position as leader of the pack and moved to fourth place, as wild card JasmyCoin (JASMY) topped our rating. Ethereum (ETH) and NEAR Protocol (NEAR) were relatively stable in their second and third places. Last but not least, Terra (LUNA) took fifth place.

  • Derivatives: Bitcoin (BTC) remains in the number one position for derivatives trading, but Terra (LUNA) disrupted the legendary Ethereum’s second place spot knocking it out of the top five altogether. Theta Network (THETA) with STEPN (GMT) and PancakeSwap (CAKE) remained stable in their positions of third, fourth, and fifth places.

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New Listings on Coinbase Pro:
– Binance USD (BUSD/USDT BUSD/USD)
– Oasis Network (ROSE/USDT ROSE/USD)

New Listings on KuCoin:
– Plutonians (PLD/USDT)
– EpiK Protocol (EPK/USDT)
– CoolHash (COOHA/USDT)
– Position Exchange (POSI/USDT)
– Celer Network (CELR/USDT)
– Orbitau Taureum (TAUM/USDT)
– Aurora (AURORA/USDT)
– ITAM CUBE (ITAMCUBE/USDT)
– Plato Farm (PLATO/USDT)
– IDEX (IDEX/USDT)
– SwftCoin (SWFTC/USDT)
– Blockchain Brawlers (BRWL/USDT)
– Hawksight (HAWK/USDT)
– X World Games (XWG/USDT)
– Radio Caca (RACA/USDT)

New Listings on Huobi:
– DOSE (DOSE/USDT)
– Step App (FITFI/USDT)
– Legends of Elumia (ELU/USDT)
– Dotmoovs (MOOV/USDT)
– Threshold (T/USDT T/BTC)
– Plato Farm (PLATO/USDT)
– DODO (DODO/USDT)
– Celsius (CEL/USDT)

By the way, the Good Crypto PRO plan includes new Exchange Listing alerts for more than 30 exchanges. Become a PRO and receive an instant notification when a new coin is listed on the exchanges you’re interested in.

Start Free Trial 

gc_mem_new_28.04_w

Buff Doge Coin is Dogecoin’s Buff variant. After witnessing the rise of Dogecoin, Buff Doge Coin aspires to become the King of Memes. The Buff Doge Coin has various hot features, but one of them is literal fire! The hyper deflationary part, where each burn will be twice as large as the preceding one. Since the supply will be burning so frequently, the entirety of the remaining supply will be burned.

🔍 DYOR

Website
Twitter

gc_coin new_28.04_w

STEPN is a Web3 lifestyle software with a gamification design and engaging social components. For example, people wearing NFT Sneakers may earn GST by walking, jogging, or running outside, which can be used to level up and mint new Sneakers.

In the app marketplace, players may lease or sell their NFT Sneakers, and their GST revenues are saved in the in-app Wallet, which features a built-in Swap function.

👉🏻 Recent announcements:

🔍 DYOR:

Website
Twitter

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We have prepared for you the top-performing coins as of April 28!

STEPN has managed to become the best performing asset among the TOP-100, gaining 20.81% within the last 24 hours.

Kyber Network Crystal v2 was the worst-performing asset among the TOP-100, losing 3.76% within the last 24 hours.

Top Crypto Meme of the Week

gc_mem_22.04_5

We hope this digest was valuable and informative for you! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter or Telegram. Become a better trader with the Good Crypto App!

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April 28, 2022

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