Binance announced today that it will add Solana-based Jupiter (JUP) to futures after listing it on spot. Coinbase, on the other hand, will add support for ZETA on the Ethereum network with the “experimental” label. Stablecoin giant Tether reported that it made a “record-breaking” profit of $2.85 billion last quarter. Here are the verses
Binance will launch U-based contracts with JUP 1-50x leverage.
Binance, the world’s largest cryptocurrency exchange, added Solana-based Jupiter (JUP) to its list today. Following this development, Binance gave new good news for JUP traders. In this context, the exchange will launch JUP 1-50x U-perpetual contracts on January 31 at 21:30 CET. Meanwhile, Binance also announced that Jupiter (JUP) has been added to Binance Simple Earn and Binance Convert.
Coinbase to list ZetaChain (ZETA)
Leading crypto exchange Coinbase will add support for Zetachain (ZETA) on the Ethereum network (ERC-20 tokens). Meanwhile, the stock exchange stated that it would add ZETA to its list with the “experimental” label. Trading will begin later today if liquidity conditions are met. In this context, Coinbase made the following announcement from its official X account:
Coinbase will add support for Zetachain (ZETA) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in regions where trading is supported. If liquidity conditions are met, trading will begin later today. Once sufficient supply of this asset is ensured, trading in the ZETA-USD trading pair will be phased in. ZETA support may be restricted in some supported jurisdictions.
Zetachain is a Layer-1 Blockchain built on the Cosmos SDK platform. The altcoin project has a similar structure to LayerZero. Its developers, Ethereum, BNB Chain, Polygon, etc. designed to connect various Blockchains such as.
Coinbase hires former UK finance minister
cryptokoin.comAs you follow from , the SEC filed a lawsuit against the cryptocurrency exchange Coinbase last June. The stock market subsequently faced increased scrutiny in the United States. In a new development, Coinbase Global Inc. appointed former British Chancellor of the Exchequer George Osborne as an advisor. Thus, the crypto exchange shows its determination in its fight against increasing regulatory scrutiny in the US.
Crypto firms are increasingly hiring former politicians in the face of increasing regulatory pressures. Osborne is on Coinbase’s Global Advisory Board, including former US Senator Patrick Toomey, former US Secretary of Defense Dr. He joins other prominent political figures including Mark T. Esper and former U.S. Congressman Sean Patrick Maloney.
Tether announced record profit of $ 2.85 billion
Tether reported a “record-breaking” profit of $2.85 billion last quarter, as its flagship USDT approached a market value of $100 billion. About $1 billion of the profits came from interest on the company’s large U.S. Treasury, reverse repo and money market fund investments held to back its USDT stablecoin, according to a Tether statement. The rest came “primarily” from the appreciation of Tether’s other investments, such as Bitcoin (BTC) and gold.
Over last year, the company generated $6.2 billion in net operating profit. Approximately $4 billion of this came from interest earned on Treasury assets. The company directly benefited from the Federal Reserve’s campaign to raise interest rates to combat inflation. Because this effort increased payments from fixed income investments that Tether purchased.
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