Technology

Bitcoin Surges Past $40K, Celsius and FTX Move $59 Mln Worth Of Tokens – Crypto News

Published

1 year ago

January 27, 2024

Dripp

Cryptocurrency News LIVE Updates: Bitcoin, the world’s first-ever digital currency, once again echoed a tidal wave of frenzy across the broader crypto market on Saturday, as the token’s price chart showcased a substantial upswing. As of press time, the token’s price marked a 4.27% jump in the past 24 hours and is currently trading at $41,787, after a highly volatile movement over the past week. Meanwhile, altcoins like Ethereum, XRP, and Solana also noted an upsurge of 2%-5% today, nabbing significant attention globally.

On the other hand, Celsius and FTX moved a staggering $59.06 million worth of digital assets to a CEX, as per data by Spotonchain. Notably, Celsius moved 22,500 ETH, worth $50.78 million, to Coinbase, whereas FTX and Alameda shifted $8.28 million worth of 6 assets. These assets included ETH, OKB, MTL, PROM, YFII, and CREAM.

09:38:16 AM IST, 27 January 2024

Crypto News LIVE: Eleanor Terrett Says XRP Futures ETF Imperative For Spot ETF

Eleanor Terret recently stated that in order to have an XRP spot ETF, having XRP futures ETF is essential. Aligning with this, she also drew parallels between the recent spot BTC ETF approval and the CME Bitcoin futures market.

In order to have an $XRP spot ETF, there will first need to be a futures ETF.

Part of getting the $BTC spot ETFs approved was the @SECGov concluding that the CME bitcoin futures market would suffice to provide surveillance for fraud and manipulation.

If $XRP gets a futures ETF… https://t.co/MPFVSherXK

— Eleanor Terrett (@EleanorTerrett) January 27, 2024