Cryptocurrency Live News & Updates : XLM Leads Top 20 Cryptos with 24H Gains
Stellar's XLM surged 6% recently, becoming the top gainer among the top 20 cryptocurrencies, fueled by PayPal's plans to launch its stablecoin on the Stellar network. In a remarkable turn of events, Stellar's XLM has emerged as the leading gainer among the top 20 cryptocurrencies, posting a 6% increase. This surge coincides with PayPal's announcement of its upcoming stablecoin, PayPal USD (PYUSD), which is set to launch on the Stellar blockchain, pending regulatory approval. The integration aims to enhance payment options and accessibility for users across 170 countries. Meanwhile, Bitcoin has reached a new all-time high, prompting 'Rich Dad Poor Dad' author Robert Kiyosaki to invest at $110,000, predicting Bitcoin could hit $1 million. Kiyosaki's strategy emphasizes buying during market highs, anticipating future gains as speculative investors enter the market. Additionally, the Ethereum ETF has seen record inflows of over $900 million this week, while BTC Digital has invested $1 million in ether, dubbing it 'digital gold' and marking a shift in strategy towards decentralized finance. The cryptocurrency market has also faced significant liquidations, totaling $371 million in the last 24 hours, with a notable portion attributed to long and short positions in Bitcoin and Ethereum. Show more
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Bitcoin reaches record high! Indian traders explore crypto options; global rally adds to momentum
As Bitcoin surged past the $120,000 mark to hit a fresh record in global markets, Indian crypto enthusiasts are now looking for other 'crypto options' in search of bigger gains. Nearly two years after the introduction of perpetual crypto futures, at least two Indian exchanges have rolled out cryptocurrency options with multiple expiry dates. Many traders are trying to leverage the crypto wave to make money, investing small amounts along with the chance to sidestep high TDS on virtual digital assets. The latest cryptocurrency surge, which began following Donald Trump's victory in the 2024 US presidential election, picked up further momentum this week as investors grew optimistic about impending regulatory clarity. Hopes that the US House of Representatives may soon take up bills to establish a long-awaited framework for virtual digital assets drove fresh enthusiasm. Riding this wave of confidence in the world's largest financial market, Bitcoin (BTC) soared to a record high of $123,153 before settling near $122,000. Since the November 2024 elections, Bitcoin is up 60% since the November 2024 elections. Bull markets often lead to innovation, evident in the rollout of crypto options in India. However, the uptake has been slow. Unlike crypto futures, which offer at least 10x leverage and are simpler to understand, options trading volumes remain muted for now. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo "For instance, given the expectations that BTC could inch up, some traders are probably buying call options. But cryptos are a volatile market. So, while futures may be a simpler trade, the risk of the margins against a futures position getting liquidated in a sudden fall is always there. Unlike that, a trader having bought calls can still make money if there is a bounce I feel options volumes will take a while to rise," an industry analyst told ET. Ashish Singhal, co-founder of CoinSwitch, one of the exchanges offering options, explained, to the financial daily, "Options have long been part of traditional finance, but in crypto, they've often remained complex and intimidating, sometimes even inaccessible. We're trying to change that. We know options aren't for everyone, they come with risk and require understanding. That's why we've introduced thoughtful friction. For example, first-time users must pass a basic quiz before they can trade." Another platform, Delta, is offering options on both BTC and Ether, while a large exchange is expected to follow suit soon. For both futures and options, Indian traders pay the margin money or premium in rupees. Local exchanges often rely on global liquidity by sourcing prices from offshore platforms where crypto derivatives trade in large volumes. Many Indian platforms maintain accounts with these global exchanges. When local liquidity falls short, these platforms act as intermediaries, executing mirror trades on overseas exchanges. Edul Patel, CEO of Mudrex, noted, "India has a strong base of traders in the derivatives space, and that appetite is now extending into the crypto space. We're seeing traditional traders also explore crypto derivatives, mainly because of features like no expiry contracts, smaller lot sizes, deep liquidity, and the ability to trade any time of day. At Mudrex, we have also seen people holding their positions for months. Interestingly, most trading activity is still aligned with US market hours, highlighting the global nature of crypto markets." However, Patel also cautioned investors. "Crypto derivatives are not for everyone. It is a high-risk financial product that needs skills and a strong understanding of the markets and does not fit everyone's risk appetite," he was quoted as saying. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
an hour ago
- Time of India
UAE: Etihad Airways announces 7 new routes, including Medina and Baku, launching November 2025
Etihad Airways unveils new global routes launching in November 2025/ Image: @etihad/X TL;DR: Etihad Airways is launching seven new destinations, including Medina and Baku, starting November 2025. These routes are part of a broader strategy to boost Abu Dhabi's status as a global travel hub. The expansion comes amid Wizz Air's exit from Abu Dhabi, opening opportunities for Etihad. Etihad Airways is expanding its network with seven new destinations: Almaty, Baku, Bucharest, Medina, Tbilisi, Tashkent, and Yerevan. This move aims to enhance Abu Dhabi's position as a global travel hub. The new routes will be available for booking soon, with services beginning in March 2026, except for Medina, which starts in November 2025. Strategic Expansion to Key Destinations: Medina, Saudi Arabia: A significant addition, Medina offers religious tourism opportunities, complementing Etihad's existing services to Mecca. Baku, Azerbaijan: Baku's growing tourism sector and cultural heritage make it an attractive destination for travelers. Almaty, Kazakhstan: Almaty serves as a gateway to Central Asia, appealing to both business and leisure travelers. Tashkent, Uzbekistan: Tashkent's rich history and emerging market potential are key factors in its selection. Yerevan, Armenia: Yerevan's unique cultural offerings and proximity to Europe enhance its appeal. Bucharest, Romania: Bucharest is a growing hub for business and tourism in Eastern Europe. Tbilisi, Georgia: Tbilisi's scenic landscapes and historical sites attract a diverse range of visitors. Strengthening Abu Dhabi's Global Position These new routes are part of Etihad's strategy to increase point-to-point traffic through Abu Dhabi. The expansion aims to bolster the city's role in tourism, culture, and commerce. Antonoaldo Neves, Chief Executive Officer of Etihad Airways, in a statement to Emirates News Agency (WAM) said, ' Our goal is clear, we want to bring more people directly to Abu Dhabi. These new routes connect us to fast-growing, culturally rich regions and will help stimulate demand for tourism and trade in the UAE's capital. ' Filling the Gap Left by Wizz Air's Departure Wizz Air plans to stop flying to and from Abu Dhabi by September 2025. The airline faced issues like political tensions and difficulties in running its services smoothly. With Wizz Air leaving, Etihad has a chance to expand its flights and offer more travel options to passengers who want dependable connections through Abu Dhabi. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Benefits of Trading Bitcoin CFDs IC Markets Learn More Undo FAQs 1. When will the new routes be available for booking? Bookings for the new destinations will open in the coming days, with services commencing in March 2026, except for Medina, which starts in November 2025. 2. How will these new routes impact travelers? Travelers will benefit from increased connectivity to culturally rich and emerging destinations, enhancing travel options and convenience. 3. What led to Wizz Air's exit from Abu Dhabi? Wizz Air cited geopolitical instability, supply chain issues, and limited market access as reasons for ceasing operations in Abu Dhabi.
India.com
4 hours ago
- India.com
How two engineers created Elon Musk's Tesla car that is making the world go crazy
How two engineers created Elon Musk's Tesla car that is making the world go crazy | Full story of Tesla BMW, Mercedes, Rolls-Royce, Porsche, Land Rover, Jaguar – these brands were something which masses used to connect with luxuious driving. Then came 2004 when the founder of companies like SpaceX and PayPal, Elon Musk, entered the car segment, thus giving birth to Tesla. And now, for Indians it has become a dream which everyone wishes to fulfill. Today, on July 15, Tesla's first showroom opened in Mumbai's BKC and with this the brand made its debut in India. It will also be interesting to see who will be Tesla's first customer in India. How this dream started? Whenever there is talk of electric vehicles (EVs) in the world, Tesla's name will be on top. But do you know this company was not started by Elon Musk but someone else? Yes. Tesla started on 1 July 2003 when two engineers Martin Eberhard and Marc Tarpenning laid the foundation of Tesla Motors. Both wanted to start the company with the aim of making an electric car that would not harm the environment like petrol and diesel cars. Since both were engineers, their craze for technology was also natural. When both of them dreamt of EV, it was considered very impractical. Both of them started the company and named it in honor of the great scientist Nikola Tesla who had discovered AC current. Initially, both of them had kept Tesla's vision as pollution free, fast and stylish EV. When did Musk enter? It was in 2004 when Elon Musk, who had already become famous at that time as the founder of companies like SpaceX and PayPal, entered. Musk invested $6.5 million in the Series A funding round and became the chairman of the company. Gradually, Musk took the responsibility of Tesla's product design, vision and marketing in his hands. In 2008, when Tesla was almost bankrupt, Musk became its savior through his investment. Tesla's first car was a Roadster In 2008, Tesla launched its first car – Roadster. It was a high-performance sports car, which was completely electric. This car could achieve a speed of 0 to 100 km/h in just 3.9 seconds. Ability to run up to 320 kilometers on a single charge. Roadster proved that electric cars can also be sexy, fast and powerful. Musk sent his Roadster into space in 2018 through a SpaceX rocket. Even today that car is orbiting the Earth.
