According to the company’s official statement, the SPX-PERP and KAS-PERP trading pairs will begin trading on February 20, 2025 after 12:30 p.m. (PT). This development is considered part of Coinbase’s expansion strategy in the global futures market.

Coinbase’s Strategy for Futures

Coinbase has recently taken steps to increase its presence in the international futures market. Perpetual futures are becoming an important option for many investors in terms of risk management and leveraged trading opportunities, as they offer more flexible trading opportunities compared to the spot market.

New Listing Details:

• SPX-PERP (Spx6900 futures)
• KAS-PERP (Kaspa futures)
• Start Date: February 20, 2025, after 12:30 p.m. (PT)

This move is seen as part of Coinbase’s strategy to increase its competitiveness in the futures space and offer a wider range of products to its users. In particular, the growing institutional interest and rising demand for the futures market indicates that Coinbase may make more listings in this direction.

What is Kaspa (KAS)?

Kaspa (KAS) is an innovative Layer-1 blockchain network that minimizes block times and increases scalability. Kaspa uses the DAG (Directed Acyclic Graph) based GhostDAG protocol, breaking the classic blockchain structure. In this way, unlike Bitcoin and other traditional blockchains, blocks can run in parallel instead of competing with each other, thus increasing transaction speeds without compromising security. The biggest advantage of Kaspa is that it maintains a decentralized structure with faster confirmation times and high scalability.

What is SPX6900 (SPX)?

SPX6900 (SPX) is a digital asset linked to traditional financial markets and is used as a trading instrument for the broader index and futures markets. SPX is often considered a derivative asset that references the S&P 500 and similar major market indices. SPX-PERP offers leveraged trading opportunities for investors, allowing them to speculate and manage risk by taking advantage of price movements. It is a popular option for institutional investors and professional traders and is widely used in hedging strategies against market volatility.

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After facing resistance at $70,000 and retracing to $65,500, Bitcoin’s subsequent rise to $66,500 provided a much-needed boost to several altcoins. However, the standout performers in this recent rally may surprise you. XRP, TON, and KAS have been particularly impressive.

Ripple (XRP)
Despite ongoing SEC scrutiny, XRP surged by 8% in a short period. The major coin’s upward momentum continued even as Bitcoin’s price fluctuated, delighting investors. If the SEC discussions persist, we could see increased volatility in XRP.

Book of meme (BOME)
The strong memecoin trend has fueled demand for BOME. This memecoin, which gained 6% in the past 24 hours, secured the second spot on the list. If the memecoin craze continues, BOME could reach new heights.

Stellar (XLM)
Following XRP’s gains, XLM also saw a 3.70% increase in the past 24 hours. While XLM’s performance was relatively weaker compared to XRP, it outperformed the broader market. This popular altcoin claimed the third spot on the list.

Toncoin (TON)
Telegram’s popular play-to-earn games have continued to drive TON’s price. In particular, the growing popularity of Hamster Kombat has invigorated the TON ecosystem. TON rose 2.50% in the last 24 hours, securing the fourth spot.

Kaspa (KAS)
KAS, a significant player in the Turkish crypto ecosystem, gained 2.20% in the past 24 hours. This popular altcoin is poised to shine in the upcoming bull market as it continues its ascent towards its all-time high.

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The post 5 Altcoins Surging: Unexpected Leader Tops the List! appeared first on Coin Engineer.

Bitcoin (BTC): The BTC/USDT pair has lost 1.10% in the last 24 hours and is currently trading at $68,100. The resistance levels for BTC are $68.800 first, then $69.800. Support levels are $67.000 and $66.000 if below this region.

Ethereum (ETH): The ETH/USDT pair has lost 2.2% in the last 24 hours and is currently trading at $3,790. The resistance levels for ETH are $3,830 first, then $3,970. Support levels are $3,730 and $3,650 if below this region.

Related: Binance CEO CZ Can’t Return Home!

Aave (AAVE): The AAVE/USDT pair lost 1.19% in the last 24 hours and is currently trading at $105.30. The resistance levels for AAVE are $106.90 first, then $114.70. Support levels are $103.00 and $100.90 if below this region.

Litecoin (LTC): The LTC/USDT pair has gained 0.10% in the last 24 hours and is currently trading at $83.90. The resistance levels for LTC are $85.50 first, then $89.60. Support levels are $82.30 and $80.10 if below this region.

Kaspa (KAS): The KAS/USDT pair lost 0.6% in the last 24 hours and is currently trading at $0.139. The resistance levels for KAS are $0.144 first, then $0.149. Support levels are $0.136 and $0.134 if below this region.

Overall, the crypto market is showing mixed signals. Bitcoin and Ethereum are both consolidating after recent gains, while some altcoins are continuing to move higher.

The post Bitcoin and Crypto Update – May 30 appeared first on Coin Engineer.

Bitcoin has been seeing strong purchases from the $26,552 level for the past two days. However, due to the inability of the price to rise above $27,000, the risk of decline persists. Therefore, it is important for the price to be stable at certain levels for future increases to be positive for the market. Also, the possibility of sharp declines may increase in case of a daily closure below $26,300.

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The Latest Status in Cryptocurrencies – October 13

‣ Bitcoin (BTC) BTC/USD pair is trading at $26,767 with a 0.03% decrease at the time of writing. The resistance levels for BTC are $27,200 – $27,800, and the support levels are $26,500 – $26,260.

‣ Ethereum (ETH) ETH/USDT pair is trading at $1,543 with a 0.22% increase when this article was written. The support levels for ETH are $1,550 – $1,465, and the resistance levels are $1,598 – $1,694.

‣ Near (NEAR) NEAR/USD pair is trading at $0.99 with a 1.33% decrease when this article was written. The support levels for NEAR are $0.422 – $0.389, and the resistance levels are $0.94 – $0.92.

‣ Kaspa (KAS) KAS/USD pair is trading at $0.042 with a 2.61% decrease when this article was written. The support levels for KAS are $0.040 – $0.037, and the resistance levels are $0.043 – $0.046.

‣ Coin98 (C98) C98/USD pair is trading at $0.132 with a 2.38% decrease when this article was written. The support levels for C98 are $0.129 – $0.121, and the resistance levels are $0.138 – $0.143.

In the comment section, you can freely share your comments about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post The Latest Status in Cryptocurrencies! – October 13 appeared first on Coin Engineer.

Blockchain technology is quickly integrating into our lives and some industrial sections. But at the same time, the technology has problems like speed, security, scalability, etc. That’s why many projects work to solve these problems.

Kaspa Technology also wants to become solving of these problems. Kaspa’s target is solving the Bitcoin network’s scalability problem as a Layer 1 blockchain. 

Kaspa blockchain has a protocol named GHOSTDAG/PHANTOM. Kaspa wants to achieve to more scalable Bitcoin network. By any definition, the Kaspa network works for the scalability of Bitcoin’s consensus (Nakomoto Consensus). The Bitcoin network’s speed will increase if the blockchain can do this.

How To Work Kaspa?

There are some factors for becoming famous for the Kaspa network. The first factor is that the Kaspa network uses the Proof-Of-Work algorithm. In this manner, the blockchain can produce a block per one 1 second.  So, the Kaspa network is so fast thanks to the feature.

Kaspa’s block-producing speed is more than Bitcoin, Litecoin, Dogecoin, Ethereum Classic, and Dash Coin network speed. The amount is 10 minutes on Bitcoin, 2.5 minutes on Litecoin, 10 minutes on Ethereum Classic, 2.5 minutes on Dash Coin, etc.

The Kaspa blockchain network is using BlockDAG mechanism. The working principle is different from the blockchain. Blockchain works as blocks, I mean, transactions waiting in mempool for completion, collect at one block after they are completed. But the DAG mechanism is doing that as a non-periodic structure.

At the same time, the Kaspa network is saving its own miners from censorship and similar attacks. Different from Bitcoin the Kaspa is accepting building dApp and deploying smart contracts. Kaspa network is planning that provides a delay of consensus mechanism. In this case, the network will have faster than the old one.

You might also like: What Is Smart Contract?

Furthermore, the network has some features for saving its own users thanks to pre-trading security and anonymous procedures. The network keeps the users from malicious behaviors. GhostDAG protocol is isolated parallel blocks and that feature is the solution for network security.

GhostDAG protocol’s fundament is using cyclic graphics. Using this feature is decreasing double-spending. Here, the Kaspa network is different thanks to these features.

How To Mining On The Kaspa Network?

Kaspa network using POW consensus mechanism. That’s why every user can build a validator node on this network. The node is named Miner. Miners are earning block rewards and transaction fees. Besides, the BlockDAG structure is allowing the distribution of mining on the network. Additionally, Kaspa is permitting solo mining using lower hash speeds.

Kaspa mining is based on the kHeavyHash algorithm which establishes the “optical-miner” concept. As we know PoW mechanisms are requiring energy, but the kHeavyHash algorithm is so efficient in terms of energy spending and polluting the environment.

First of all, you need a wallet for mining and getting the rewards. You can interact with the link for having Kaspa Wallet. Secondly, you must find the pool for starting the mining procedure. But you don’t have to do it forever. Because the Kaspa network accepts solo mining, I mean you don’t need any pool, if you use this method.

Today Kaspa Web Wallet is one of the reliable crypto wallets. The wallet has an easy user interface, in this case, money sending and receiving is easing.

Tokenomics Of Kaspa (KAS) Coin

Right now, KAS Coin has a market cap of 414 million dollars. The maximum supply is equal to 28,704,026,601 KAS, but the total supply is 19,489,882,634 KAS. Almost %68 of the maximum supply is circulating, so that count is equal to the total supply. Furthermore, Kaspa (KAS) Coin’s maximum supply is halves once per year. You can see the emission schedule on the below chart.

How To Buy Kaspa (KAS) Coin?

You can buy the coin from CEX and  DEXes. The Kaspa (KAS) Coin is listed on Huobi, Gate.io, MEXC, Kucoin, ByBit, CoinEx, and Bitget. If you want to get a discount (%10-%20), you can interact and use the link. Every exchange has a relevant reference link. 

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