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  • Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M

    Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M

    • SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues.
    • Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx.
    • Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement.

    Just when everyone thought that 2024 had seen the most after the recent spot Bitocin ETFs approval by the US SEC, excitement is rippling through the crypto community again as Nasdaq and Cboe gear up for Bitcoin ETF options trading. The two have already filed applications with the SEC and the regulatory authority has recognized the applications.

    Simultaneously, Pullix, a hybrid trading platform is promising a new era in decentralized finance.

    Nasdaq and Cboe Bitcoin ETF Options trading move

    In a screenshot posted on X by James Seyffart, the SEC has already acknowledged the 19b-4s requesting the ability to trade options on spot Bitcoin ETFs.

    Nasdaq’s proposal centres around listing options for BlackRock’s iShares Bitcoin Trust, while Cboe aims to trade options on exchange-traded products (ETPs) holding Bitcoin. Notably, Cboe’s prominent role in launching six of the SEC-approved spot BTC ETFs positions it as a key player in shaping the crypto market.

    With positive market responses and efficient tracking of Bitcoin’s price since ETF trading initiation on January 11, options trading is considered the “next logical step,” offering enhanced utility and risk management for investors.

    Options trading in BTC ETFs, as proposed by Nasdaq, is hailed for bringing cost efficiencies and advanced hedging strategies to investors. Derivatives provide the right to buy or sell an asset within a specified timeframe, enhancing utility for a broader investor base, including traditional finance sectors.

    Analyst Dave Nadig from VettaFi in an interview with CNBC predicted that the introduction of BTC ETF options will attract hedge fund players, fostering increased speculation and diversified investment approaches in the crypto market.

    The regulatory waiting game is on, with options approval potentially by the end of February, pending SEC decisions and a 21-day public comment period.

    Pullix: unveiling Trade-to-Earn model 

    Amidst the crypto fervour surrounding Biotin ETFs, The upcoming Pullix trading platform takes centre stage with its innovative model. Pullix introduces a unique “Trade-to-Earn” concept, allowing users holding its native token, the PLX, to earn instant rewards for trading on the platform.

    The PLX token’s main USP lies in its revenue-sharing mechanism, enabling holders to profit from the daily revenues generated by the trading exchange. This game-changing approach combines active trading with a guaranteed fixed income, setting Pullix apart in the rapidly evolving crypto space.

    The token is currently in its sixth presale stage and is already showing signs of massive support from crypto enthusiasts. At press time, the presale had raised close to $4 million with only five stages sold out.

    To participate in the presale and acquire the PLX token ahead of the Pullix platform launch, which is scheduled for before the end of January, you can visit the official Pullix Website.

    Conclusion

    As the crypto market witnesses a transformative phase with Nasdaq and Cboe expediting options trading on Bitcoin ETFs, Pullix’s PLX presale adds another layer of excitement, introducing a “Trade-to-Earn” model that could redefine user engagement in decentralized finance.

    Investors and enthusiasts alike are closely watching these developments, eagerly anticipating the impact on investment strategies and the broader adoption of cryptocurrencies. The convergence of innovative trading platforms and tokenomics marks a significant chapter in the evolving narrative of digital assets.

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  • Injective (INJ) 2024 price prediction after 3000% rise in 2023 as Pullix’s presale hits $1.2M

    Injective (INJ) 2024 price prediction after 3000% rise in 2023 as Pullix’s presale hits $1.2M

    • Injective (INJ) hits ATH at $43 after a 3000% in 2023.
    • Pullix disrupts DeFi with $1.2M raised, $0.044 per PLX, and a unique hybrid approach.
    • INJ’s AI integration and Pullix’s innovative DeFi platform signal a transformative 2024.

    The recent Injective (INJ) price surge to $43 has captivated the crypto community. With a 3000% increase in 2023, this AI finance blockchain token is demonstrating robust momentum. While Bitcoin traded sideways, INJ defied market trends, securing a weekly gain of nearly 64%.

    While all eyes are on the future trajectory of INJ and the factors fueling its impressive rally, another crypto project Pullix, which is currently in the presale stage, is making waves for its revolutionary online trading model.

    Injective’s phenomenal price surge

    Injective (INJ) has been a standout performer in the cryptocurrency market, and its recent surge to $43 marks a significant milestone. With a staggering 3000% rise over the last 12 months, the AI finance blockchain has not only caught the attention of seasoned investors but also dominated social media discussions.

    Injective price chart

     

    The weekly gains of nearly 64% showcase the resilience of INJ, especially when compared to Bitcoin’s sideways movement.

    Injective price prediction

    The surge in INJ prices is not merely a short-term phenomenon. Market analysts are optimistic about its future trajectory, with the unique AI integration and a robust blockchain foundation contributing to sustained growth.

    Considering the negative correlation with Bitcoin and the ongoing buzz around AI technologies, Injective’s potential to maintain its upward trajectory remains strong. Rekt Capital has forecast that a new macro uptrend could begin once the 500-day macro downtrend, which INJ entered after hitting its new ATH, ends.

    Pullix: bridging the gap with a unique DeFi approach

    As Injective captures the limelight, another player is making waves in the decentralized finance (DeFi) space. Pullix, the new hybrid trading and investment exchange, is on the brink of disrupting traditional norms.

    With its ongoing presale, Pullix has already raised a substantial $1,201,770. The presale price of $0.044 per PLX token has attracted significant attention, and with 14.2% already sold, the countdown to the next price increase adds an element of urgency.

    What sets Pullix apart is its unique approach to bridging the gap between centralized and decentralized exchanges. Users are offered the best of both worlds, addressing the liquidity problem in DeFi that has long hindered decentralized exchanges. Pullix’s commitment to user security, a non-custodial approach, and a focus on liquidity provision distinguish it in a crowded market.

    Pullix’s ecosystem is designed with the user in mind. From institutional trading tools powered by OpenAI to perpetual futures, CFDs, and a secure vault for cryptocurrency storage, Pullix offers a comprehensive suite of features. The platform’s decentralized, off-chain order book ensures speed advantages comparable to conventional centralized exchanges. Moreover, the innovative PLX token, offering “Trade-to-Earn” benefits, has garnered attention for its revenue-sharing mechanism.

    The PLX token serves as the currency for traders on the platform, providing exclusive access, staking opportunities, and serving as a vehicle for rewards and exchangeability. The tokenomics are meticulously crafted to promote utility, sustainability, and mutual benefits for all stakeholders. The transparent allocation of tokens, including presale distribution and incentives for staking, adds to the appeal.

    Conclusion

    Injective’s remarkable surge and Pullix’s innovative approach position both projects for a promising future in 2024. As INJ continues to capture market attention with its unique AI integration, Pullix’s ongoing presale and feature-rich platform make it a contender for reshaping the landscape of decentralized finance.

    The crypto space is witnessing dynamic shifts, and the synergy between cutting-edge technologies and user-friendly platforms is propelling the industry toward a more democratized and efficient financial future.

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