📉 BTC | $41,360 (-884, -2.1%)
📉 ETH | $2,813 (-99, -3.4%)
📉 XRP | $0.89 (-0.004, -0.6%)
📉 LTC | $150 (-4.8, -3.1%)
📉 Total Crypto Market Cap: $1.80T (-4.7%)
🎢 Bitcoin briefly visited $40K briefly, coming as SEC Chair Gary Gensler called stablecoins “poker chips” and compared the current cryptocurrency boom to the “Wildcat banking era” of the 19th century, and that such private forms of money “don’t last long”.
💸 Softbank has invested heavily in a $680 million Series B fundraiser for fantasy football NFT platform Sorare, placing it at a whopping $4.3 billion valuation. The company – launched in 2018, has made $150 million in NFT sales this year so far, having grown users by 34x and revenue by 51x year-on-year for Q2.
🤔 The Ethereum DeFi wars have been quietly going on even as the markets continue to sell-off. Ethereum competitors across 7 different blockchains (such as Solana, Avalance, Celo and more), have been offering large incentives to attract developers to their networks in recent weeks, although it remains to be seen how sustainable they will be. Ethereum currently retains the largest network of DeFi developers by a large margin, and is due to further improve its network in the upcoming ETH 2.0 update.
Cryptocurrency CFD is available for trading on Phillip MetaTrader 5 (MT5).
Features of trading CFD
- Trade in both the bull and the bear markets
The ability to enter a long and/or short position allows traders to take advantage of both rising and falling markets.
- Smaller barrier to entry
CFDs typically have flexible and smaller contract sizes. This means that traders will be able to enter into a CFD contract with a modest amount of capital.
- No expiration date or risk of delivery
Unlike futures which commonly have a fixed expiration date, CFDs allow traders to perpetually hold the position(s). CFDs are cash settled, no need to worry about the delivery of the underlying asset.
Trade Bitcoin, Ethereum, Litecoin, and Ripple CFDs at zero commission on Phillip MetaTrader 5, a dynamic platform that offers low spreads. Integrated with Autochartist and Trading Central Indicators, and available on mobile, web and desktop app, you will never miss a trading opportunity with Phillip MT5.
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What’s more? Phillip MT5 is now supported on Mac OS! To install, simply download the file below and complete a simple installation process.