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Demex Daily #70: USDC's Growing Role in Asian Remittances and Trade Finance

What’s Interesting Today: Circle's recent report reveals a significant increase in the use of its USDC stablecoin for remittances in Asia, with $130 billion flowing into the region in 2022. This growth is part of a broader trend where USDC has facilitated over $12 trillion in blockchain

Demex Daily #69: Strong Start for Bitcoin ETFs: BlackRock and Grayscale Lead in Trading Volume

What’s Interesting Today: The initial trading day for the new spot Bitcoin ETFs witnessed an impressive $4.5 billion in volume, exceeding initial forecasts. BlackRock's iShares Bitcoin Trust was a major player but ended the day 4.6% lower. Grayscale's Bitcoin Trust experienced a historic

Master Funding Rate Arbitrage Strategies

Embarking on the journey of mastering the Funding Rate Arbitrage strategy offers traders a compelling pathway to navigate the dynamic realm of cryptocurrency trading. This guide, centered on the decentralized exchange Demex, provides a strategic roadmap for capitalizing on the interest rate differentials between centralized and decentralized exchanges. Funding Rate

Demex Daily #68: SEC-Approved Spot Bitcoin ETFs to Launch January 11

What’s Interesting Today: Bloomberg's ETF analyst James Seyffart reports that trading of spot Bitcoin ETFs is expected to start as soon as January 11, following the SEC’s green light for 11 of these ETFs. The effective status of S-1 prospectuses indicates they are ready for

Demex Daily #67: SEC Compromised Twitter Falsely Announces Bitcoin ETF Approval

What’s Interesting Today: The Twitter account of the U.S. Securities and Exchange Commission (SEC) was recently compromised, leading to an incorrect announcement about the approval of a Bitcoin ETF. SEC Chair Gary Gensler corrected the situation, stating on his personal account that the SEC had not authorized any

Demex Daily #66: Grayscale Lowers Fees to 1.5% for Upcoming Bitcoin ETF and Expands Authorized Participants

What’s Interesting Today: Grayscale, managing $27 billion in assets, has announced a reduction in its management fee from 2% to 1.5% for its upcoming spot bitcoin ETF, as per their latest S3 filing. The company also introduced Jane Street, Virtu, Macquarie Capital, and ABN AMRO Clearing as new

Demex Daily #65: Celsius Unstakes Ethereum to Aid Creditors in Bankruptcy Case

What’s Interesting Today: Celsius Network, a bankrupt cryptocurrency lender, plans to unstake its Ethereum holdings to provide liquidity for creditor asset distribution. This significant unstaking event will occur soon, helping to offset costs from the company's restructuring process. Celsius had filed for Chapter 11 bankruptcy in July

Demex Launches The SEI-PERP Market

Demex is ushering in the new year with a hot market for traders — the SEI-PERP market! As the crypto community speculates the growth of Sei Network and its potential to disrupt the market, let's delve into the intricacies of Sei, its flagship token $SEI, and the newly

Demex Daily #64: $ENS Token Rises 72% Following Vitalik Buterin's Support and Ownership Proposal

What’s Interesting Today: The value of the ENS token increased significantly, reaching a 72% rise, following commendation from Vitalik Buterin, Ethereum's co-founder, for the Ethereum Name Service (ENS). Buterin highlighted the importance of ENS's integration with second-layer networks like Optimism, Arbitrum, and Polygon,

Demex Daily #63: $DYM Dymension's Multi-Chain Airdrop Targets Over a Million Users

What’s Interesting Today: Dymension, a blockchain built on the Cosmos framework, is launching a significant token airdrop, distributing its DYM tokens to over one million cryptocurrency enthusiasts across networks like Solana, Ethereum, and Cosmos. This event, termed as the "genesis rolldrop," is making available 70 million DYM