GMX Generates More Fees than BNB Smart Chain and Bitcoin

GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin. GMX Is The Third Most Active Platform According to statistics, GMX's 1-day fee on January 19 was around $589,000, while BSC and Bitcoin on-chain fees, over the same period, stood at $524,232 and $328,935, respectively.

Timeline of Bnb, Bitcoin, Gmx

Bitcoin was hovering near $21,100 Thursday in afternoon trading. Genesis' looming bankruptcy filing and the crypto industry's other recent travails should be priced in, one analyst said.

A widely followed crypto analyst is seeing “massive opportunities” for Ethereum (ETH) traders in the coming days. Crypto trader Michaël van de Poppe tells his 645,800 Twitter followers that any traders who aren't in the ETH market yet might want to reconsider. “Area I'm interested on ETH.

On Thursday (19 January 2023), Arthur Hayes, Co-Founder and former CEO of BitMEX, shared his thoughts on the crypto market. According to data from TradingView, in the past 10 days, the Bitcoin price has gone from around $17,115 to $21,077, which is a gain of 23.15% vs USD.

Bitcoin (BTC) is on the cusp of regaining $21,000 as charges are filed against a little-known crypto exchange platform and rumors swirl around embattled crypto lender Genesis. In a new press release, the U.S. Department of Justice (DOJ) is announcing charges against Hong Kong-based crypto exchange Bitzlato and its founder, Russian national Anatoly Legkodymov.

As per a CryptoQuant analysis on 19 January, multiple signals were determining the start of Bitcoin's [BTC] next bull run at press time. One of the biggest observations was that BTC's holders shifted their coins from the spot to the derivatives market, as it allowed them to tap into leverage.

BitMEX founder Arthur Hayes is outlining the most likely paths forward for Bitcoin (BTC) after the king crypto's rapid 30% rally. In a new Medium post, Hayes says where BTC is headed next depends on what's driving the recent surge.

Are investors making too many assumptions about Bitcoin (CRYPTO: BTC)? JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon is bullish on blockchain technology, but Bitcoin is another story.

On-chain data shows the Binance USD (BUSD) exchange reserves have declined recently, a factor that may be behind Bitcoin's slowdown. Binance USD (BUSD) Exchange Reserves Have Gone Down As pointed out by an analyst in a CryptoQuant post, there was a very large inflow of $250 million BUSD just a while ago.

Data provided by on-chain analytics firm Glassnode shows that the amount of bitcoin (BTC) in circulation that has not moved in over the last 10 years has reached an all-time high of 2,612,163.979 BTC.

Jamie Dimon, CEO of JP Morgan, got quite ruffled when presented with some facts on Bitcoin. The CEO of the biggest bank in the US and arguably the biggest in the world, Jamie Dimon has never lacked epithets to describe Bitcoin.