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You know what it’s always been. #FFTB

💸 Latest data shows the US spot #Ethereum ETFs had a total net outflow of $569M and a net outflow of $6M on 6 September. 💸 Latest data shows US Spot #Bitcoin ETFs with a total net inflow of $16.90B and a daily net outflow of $170M on 6 September. 💸 Aggregate open interest (OI) of ETH futures in centralised exchanges amounted to $9.6B on 7 Sep, decreasing 3% week-over-week. Meanwhile, ETH decreased by 6% over the same period.

Unlocking Liquidity While Earning Rewards: The Power of Liquid Staking Staking typically locks up your assets, making them inaccessible for a specific period. Liquid staking, however, lets you enjoy staking benefits while maintaining liquidity. So how does it work? 🤔 In liquid staking, native coins of a PoS chain are delegated to validators, and stakers receive a synthetic liquid token as "receipt" of the staked assets. This lets them use their tokens for other financial activities, while earning staking rewards. Advantages: • Increased flexibility — token holders can use staked assets for other purposes without needing to unstake. • Reduced opportunity cost — lets users avoid the opportunity cost of traditional staking, where assets are locked. • Growth in adoption — enhances the utility of cryptocurrencies to encourage further participation. Limitations: • Slashing risk — validators may be penalised for bad behaviour, affecting stakers as well. • Centralisation concerns — large liquid staking protocols may hold disproportionate control over networks. • Regulation — always stay up to date on ever-evolving staking regulations. On Crypto.com, users can wrap their staked ETH to receive CDCETH, whose value increases based on the staking rewards, providing flexibility and continued earning potential. Other popular cryptocurrencies with integrated liquid staking protocols include Ethereum, Polkadot, Cardano, and Avalanche.

👀 This week’s Crypto Market Pulse is out, bringing you insights on current market movements, the latest news, and upcoming catalysts: 📈 Spot trading volume across crypto exchanges increased by 7% in Aug 🏆 Crypto.com Exchange was the top USD-supported crypto exchange by spot trading volume in Aug 🇶🇦 Qatar released a regulatory framework for digital assets Read the full Crypto Market Pulse newsletter here 👇https://lnkd.in/g7svUY7v

ICYMI: Crypto.com announced two major partnerships in August. On 14 August, we announced that Crypto.com will be the first and exclusive global cryptocurrency partner of the UEFA Champions League. From memorable match moments, to football and cryptocurrency engagement, we’re creating plenty of unique experiences that fans can look forward to. We unveiled our multi-year partnership at the Real Madrid vs. Atalanta UEFA Super Cup match, where Real Madrid clinched their 6th Super Cup with a 2-0 win. We’re not done yet. In the same week, we hit the canvas in Las Vegas at the ADCC Submission Fighting World Championship 2024 — a preeminent submission and grappling competition hosted every two years. As a Platinum sponsor and exclusive cryptocurrency partner, Crypto.com took the spotlight in ADCCs event coverage, with our logo featured on the fighting canvas and winner’s podium. So if you like sports, stay tuned because we’ve only just begun.

𝗢𝗻 𝗧𝗼𝗸𝗲𝗻 𝗠𝗶𝗴𝗿𝗮𝘁𝗶𝗼𝗻𝘀: As the cryptocurrency landscape grows, many tokens now reside on multiple blockchains, allowing users to migrate assets between chains to access specific features and transactions. Understanding how to move tokens across blockchains, as well as the benefits and risks involved, is crucial for navigating the digital asset space efficiently. 𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿: 🔹Native coins exist on their own blockchains, but wrapped versions allow them to be used on other networks. 🔹The actual cryptocurrency does not migrate between chains without intervention by an issuer or third party. 🔹Holding assets outside of a native chain introduces certain risks that users must consider. Migration of tokens between blockchains is often facilitated through ‘bridges’ or 'peer-to-peer swaps’: 🔹𝗖𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗯𝗿𝗶𝗱𝗴𝗲𝘀 allow users to exchange their native tokens for wrapped versions on another chain, while 𝗱𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗯𝗿𝗶𝗱𝗴𝗲𝘀 use smart contracts to automate the process. 🔹𝗔𝘁𝗼𝗺𝗶𝗰 𝘀𝘄𝗮𝗽𝘀, or peer-to-peer exchanges, also provide a decentralized method of moving assets between chains. 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝘁𝗼 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿: • While migrating tokens can unlock opportunities across various ecosystems, it’s important to understand the associated risks. For example, if a bridge fails or is hacked, users may lose the ability to redeem their tokens on the original chain. • Furthermore, tokens on non-native chains can become worthless if the bridge or intermediary supporting the migration is compromised. Migrating tokens across chains is a powerful tool that provides access to different blockchain ecosystems, helping users take advantage of lower fees and faster transactions. However, understanding the risks of bridging assets and being aware of platform limitations is essential to safeguard your digital assets.

Shorting crypto markets: A Note 📝 Shorting has emerged as a popular strategy, allowing traders to potentially profit from a decline in asset prices. Whether you're using margin trading or derivative contracts like futures and options, shorting offers flexibility for traders looking to capitalize on market volatility or hedge against potential losses. Shorting refers to the process of borrowing an asset, selling it, and repurchasing it later at a lower price to pocket the difference. In cryptocurrency, this can be done in several ways, including margin trading or via derivative contracts. Platforms like the *Crypto.com Exchange* provide various tools for shorting, such as *futures*, *options*, and *UpDown Options*. *Important:* Researching market trends and signals is key to identifying shorting opportunities. Articles on *Crypto.com University* cover essential topics, such as market cycles, trading signals, and factors that influence cryptocurrency prices, helping traders spot potential entry points for short trades. List of Crypto.com products that support shorting: 🔹Margin Trading: Traders use borrowed funds to open positions, magnifying both potential gains and losses. 🔹Derivatives Trading: Futures and options contracts allow traders to short assets without owning them, offering additional flexibility. 🔹UpDown Options & Strike Options: These provide clear-cut shorting opportunities with predefined risk, making them appealing to both novice and experienced traders. *Shorting as a Hedging Strategy* Shorting can also be a powerful tool for *hedging* against losses. For instance, if you hold Bitcoin and the price declines, a short futures position can offset losses by profiting from the price drop. *Conclusion* While shorting offers exciting opportunities to profit from falling prices, it requires careful research and risk management. Traders should monitor their positions closely and set stop-loss levels to mitigate potential risks. Are you using shorting in your trading strategy?

Crypto.com Snapshot 🔹 No. of 100+ #BTC wallets hit a 17-month high 🔹 Crypto.com led trading volume on CEXs in August and more...

Ethereum (ETH) owners have grown by 9.7%, from 124 million in December 2023 to 136 million by June 2024, accounting for 22% of global crypto owners. ETH’s adoption growth was mainly driven by rallies of Ethereum Layer-2 (L2) networks after the Dencun upgrade, which significantly reduced the transaction fees on L2s and boosted Ethereum's overall scalability. In Q2, ETH’s adoption was mainly driven by the hype surrounding the US spot Ether ETFs. In April, Asia's first spot Bitcoin and Ether ETFs commenced trading in Hong Kong, attracting hundreds of millions of dollars in inflows.

Developed by Matter Labs , ZKsync is a pioneering Layer-2 scaling solution for Ethereum that leverages Zero-Knowledge (ZK) rollups to enhance transaction speeds and reduce costs. Learn about ZKsync and how to buy the ZK token 👉 https://lnkd.in/gnsuwS8E