Crypto Daily News from ZBG Exchange

1. Market Wrap: Ether Outperforms Bitcoin as Crypto Sentiment Improves

Ether is attempting to break above the 50-day moving average for the first time since March.

Latest prices

Cryptocurrencies:

Bitcoin (BTC) $34616.7, +1.63%

Ether (ETH) $2364.9, +1.6%

Traditional markets:

S&P 500: 4358.3, +0.34%

Gold: $1802.4, +0.25%

10-year Treasury yield closed at 1.321%, compared with 1.36% on Tuesday

Ether takes the lead

“We believe Ethereum and its burgeoning ecosystem will be the growth catalyst for the rest of the year,” wrote crypto asset management firm 21Shares in a Tuesday newsletter.

2. Israeli Seizure Order Shows Hamas Holds USDT, TRX, DOGE

The wallets, 84 in all, show the terrorist group has diversified its holdings far beyond bitcoin.

The wallets, 84 in all, hold a mix of cryptocurrencies including BTC (-2.54%), DOGE (-7.23%), ADA (-1.83%), XLM (-3.29%), XRP (-4.01%), ETH (-1.73%) and others, according to files from the National Bureau for Counter Terrorist Financing. Tracing firm Elliptic estimated in a blog post that the crypto wallets have received over $7.7 million in total.

“A number of them are deposit addresses at exchanges, while others belong to brokers,” Elliptic co-founder Tom Robinson told us.

3. BitMEX CEO Maps Out Future ‘Living by the Rules’

Alexander Hoeptner says “discussions need to be had” with regulators.

In an interview Wednesday on CoinDesk TV’s “First Mover,” when questioned about the future of BitMEX and what the company has learned from past experiences, Hoeptner said he couldn’t “go into details on what is happening with U.S. regulators.”

“Discussions need to be had with regulators about crypto assets and blockchain,” he said.

4. Only 4%? Coinbase Rate on USDC Reveals Focus on Crypto Credit Risk

Greater risk, greater reward? When it comes to USDC deposits, customers might prefer lower risk, lower reward.

When the biggest U.S. cryptocurrency exchange rolled out the new deposit service last week for the dollar-linked stablecoin USDC, at a rate of 4%, it touted the ability to pay customers “more than 50x the national average of a traditional savings account.”

Coinbase didn’t go out of its way to highlight that other crypto lending platforms are offering depositors higher rates — in the neighborhood of 8%. The crypto lender Celsius, for example, is currently advertising an annualized percentage yield (APY) on USDC deposits of 8.88%.

5. Zerion Raises $8.2M to Make DeFi as Easy as Coinbase

The DeFi portal has processed over $600 million in transactions since the beginning of the year.

The San Francisco-based company offers a portal to DeFi: Plug in your wallet address and see your crypto holdings visualized.

The aesthetics are remarkably similar to those of Coinbase.

Zerion, a competitor to other DeFi portals such as Zapper, has processed over $600 million in transactions year to date, the firm said.

All assets that are tradable on Ethereum are tradable through Zerion with further support pending in the near future.

“We already partially support Optimism, Polygon and Binance Smart Chain (BSC),” Zerion COO Vadim Koleoshkin told us. “In Q3 we will have full support for rollups that have meaningful amount of users and Ethereum Virtual Machine chains like Polygon, BSC and others.”

Founded in July 2018, ZBG is a Hong Kong-based cryptocurrency exchange, a global platform of ZB.COM.

ZBG.com has quickly become one of the top 10 exchanges in the world with its innovative, efficient and global operations, and is known as a “New First-Tier” exchange.

Currently, ZBG supports 11 languages, with an average daily activity of more than 160,000, providing over 3 million users around the world with trustworthy cryptocurrency trading, contract trading and other crypto asset investment services.

In the future, ZBG will continue to expand its global market and provide stable, safe and fast blockchain project listing, diversified crypto assets and blockchain derivatives investment services to more blockchain enthusiasts around the world.

ZBG Official English (Telegram): https://t.me/ZBG_Exchange

ZBG Official Chinese(Telegram): https://t.me/ZBG_ChineseOfficial

ZBG Official Bangladesh (Telegram): https://t.me/zbgbangladesh

Twitter:https://twitter.com/ZBG_Exchange

ZBG, World’s top 10 crypto currency exchange.

Link to future value!

ZBG Team

July 7th, 2021

Launched in 2018, ZBG is a Hong Kong-based crypto exchange, a subsidiary of ZB.COM. ZBG is focused on providing a trading platform for new and innovative tokens