Crypto Daily News from ZBG Exchange
Summary
Leverage longs are flushed with funding rates reset and expect bitcoin to continue trading in an upward channel, crypto investment firm StackFunds wrote in a report published on Wednesday. The biggest upside potential is in the application domain of digital assets, Lykke said, referring to the funds third-largest holding in the Polkadot blockchains DOT token, which rallied about 50% over the past month, compared to a 3% rise in bitcoin during the same period.2. Ong said that a few hyped projects such as Mutant Apes Yacht Club caused a massive uptick in NFT trading volume at the end of August and that a subsequent slowdown was not unexpected. In an appearance on CoinDesk TVs First Mover Thursday, the regulatory veteran, nicknamed Crypto Dad for his favorable views of the technology, described the current rules as anachronistic and unevenly enforced. Ultimately, it will be the courts that will have to determine jurisdiction and apply the security laws to these asset classes, and Im optimistic that Congress steps in, Giancarlo said in response to a question about Coinbases situation.