CoinShares Launched Ethereum ETP, Bitcoin Startup BottlePay got big money

Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.

Weekly Market Summary

Crypto asset management firm CoinShares has launched an exchange-traded product (ETP) backed by Ethereum (ETH).

The ETP is CoinShares’ second institutional-grade ETP after Bitcoin ETP, which  was launched in January.  It will launch under the ETHE ticker with $75 million in assets.

The  ETP is a regularly priced security that can be traded during the day on national stock exchanges. In traditional finance, ETPs track prices of assets such as commodities, derivatives, currencies, stocks, or bonds. In the case of ETHE, the underlying asset is Ethereum.

Each ETHE will initially be backed by 0.03 ETH, allowing investors to get passive exposure to Ethereum without actually having to hold the crypto.

UK-based crypto payments startup Bottlepay has raised £11 million ($15 million) in seed funding.

Bitcoin wallet startup BottlePay launched in the U.K. yesterday, making it easier to send Bitcoin Lightning payments to people using their social media handles, launched in the U.K. yesterday. It allows users from the U.K to send Bitcoin to anyone through social media. The app works as the basic Bitcoin app.

Being a  basic cryptocurrency wallet, Bottlepay is available on both iOS and Android and designed to integrate with social media platforms such as Twitter, Discord and Reddit—letting you pay someone by using their social media handle. It also allows users to store and transact Bitcoin both on-chain and on the Lightning Network, which is a second-layer scaling solution on top of the Bitcoin network.

Quick weekly news:

• Elon Musk Loses $15 Billion in a Day After Bitcoin Warning: Read more here.

• Bitcoin Has Fallen 20% From Its Latest All-Time High Of $58,000: Read more here.

• As Visa and Mastercard raise fees, merchants may look to crypto: Read more here.

• Ethereum on track to settle $1.6 trillion this quarter: Read more here.

Other notable events include:

– OKCoin makes changes

– PancakeSwap is looking to unseat Uniswap

This exchange ain’t big enough

OKCoin is delisting bitcoin cash (BCH) and bitcoin SV (BSV) to prevent new customers from confusing these two forks for bitcoin (BTC). “This is not an easy decision. We had a choice and there is collateral damage, but we had to stand up for the bigger principle we believe in,” told OKCoin CEO Hong Fang . Bitcoin Cash is a clone of Bitcoin, with minor adjustments to increase block sizes. BSV (-1.53%), championed by Craig Wright, known for his claims to be the inventor of the original Bitcoin, is itself a fork of Bitcoin Cash.

CeFi и DeFi paddycakes

PancakeSwap is the latest automated market maker (AMM) clone looking to unseat Uniswap as the top DeFi trading platform. The protocol is developed by Binance and offers reprieve to soaring gas prices on the Ethereum-based original. Liquidity, volumes and the price of its native CAKE token are skyrocketing, perhaps to the ire of stone-cold Ethereum stans.

Binance coin (BNB), a token developed for use across the exchange’s suite of products, is now the third-largest coin by market capitalization.

Here are the hottest exchange listings of the last week: 

New Listing on Binance:

– Frax Share (FXS/BTC FXS/BUSD)

– DODO (DODO/BTC DODO/USDT DODO/BUSD)

– AC Milan Fan Token (ACM/USDT ACM/BUSD ACM/BTC)

New Pairs on Binance:

– FRONT/BTC BAKE/BUSD EASY/BTC CAKE/USDT CAKE/BTC

– 1INCH/BUSD REEF/BUSD BAND/BUSD GRT/BUSD OMG/BUSD IOST/BUSD

New Listing on Huobi:

– ZKSwap (ZKS/USDT ZKS/ETH ZKS/BTC)

New Listing on FTX:

– Raydium (RAY/USD RAY-PERP)

– Fantom (FTM/USD FTM-PERP)

– Kin (KIN-PERP KIN/USD)

New Pairs on FTX:

– LUNA-PERP

– FIDA-PERP

– AR-PERP

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or your exchange of choice!

 

BitTorrent is a file sharing protocol with the community of over 100 million users. Issued by the Singapore-based BitTorrent Foundation, the new BitTorrent Token (BTT) works on the tron protocol, developed by Tron, which acquired BitTorrent in the 2019 year.

BitTorrent coin created to incentivize participants in the system of usefulness and transactions of a torrent tracker. The BTT coin is launched based on the TRC-10 cryptographic token on top of the Tron blockchain (as an ERC-20 token on the Ethereum blockchain network).

😋Recent announcements:

BitTorrent Review: The Token of the Largest File Sharing Protocol
BitTorrent Price Prediction: Will BTT Price Rise & Shine in 2021?

🔥DYOR:
– Website
– Twitter

 

We have prepared for you top-performing coins of Feb 25.

Fantom has managed to become the best performing asset from TOP-100, gaining 23.27% within the last 24 hours.

Bridge Oracle was the worst-performing asset from TOP-100 (again), losing 26.37% within the last 24 hours.

To get up-to-date reports on gainers and losers during the week, follow us on Twitter. 

 

Good Crypto Feature of the week

Take profit is a type of order that automatically helps you close trades in profit when the price level you’ve previously specified is reached.

Take Profit allows you not to monitor open trades every minute. Or check if the price is moving, or if the price fluctuates very quickly.

⚙️How it works

As soon as the price reaches the level you have set, the trade will close automatically, and the profit will be credited to your account.

✅How to set it up

When you want to place an order via Good Crypto App, go to Exchanges -> Place an order -> Attach the Take Profit -> Slide to action to any order. That are all the steps that you need to take if you really want to profit.

👍Pros

– You don’t have to monitor and close your orders manually. It will happen automatically

– Take Profit helps reduce risks and sell with profits

– If the order is filled, you can account for an expected profit amount

👎Cons

No cons in itself.

🚀Make money with Automated Take Profit and become a better trader with the Good Crypto App!

Top crypto meme of the week

Oops!…I did it again 😒

We hope you found this digest useful and informative! 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. Happy trading with the Good Crypto app!