WazirX bets on zero-fee crypto trading to drive relaunch after long hiatus

WazirX, the Indian cryptocurrency exchange, is set to resume trading and withdrawals after a significant hiatus following a hack in July 2024. This reopening is a crucial development for users eager to engage in crypto transactions again, marking a positive turn for the platform and its community. The scheduled restart this Friday brings hope for a revitalized trading environment and reflects the exchange's commitment to restoring trust and functionality.

Hong Kong has officially approved a Solana ETF, marking a significant step for the cryptocurrency as it enters a regulated market. This move is crucial as it not only legitimizes Solana but also opens up new investment opportunities for both local and international investors. With the growing interest in cryptocurrencies, this approval could lead to increased adoption and innovation in the blockchain space.

WazirX has announced the resumption of trading with an exciting 30-day zero fees promotion and a phased rollout of new tokens. This move is significant as it not only enhances user engagement but also positions WazirX as a competitive player in the cryptocurrency market, especially in India, where trading fees can be a barrier for many users. The initiative aims to attract both new and existing users, fostering a vibrant trading environment.

Crypto traders are preparing for the delayed US inflation report set to be released on Friday. September's inflation data is anticipated to show a high rate of 3.1%, but analysts believe this will not hinder the Federal Reserve's plans for rate cuts. This report is significant as it could influence market trends and trader strategies in the cryptocurrency sector.

In a recent statement, former President Trump commented on the pardon of CZ, suggesting that the actions leading to the pardon were not even criminal. This endorsement from Trump could bolster CZ's efforts to position America as a leader in the cryptocurrency space and promote Web3 technologies globally. It highlights a growing acceptance of crypto in mainstream politics, which could have significant implications for the industry.

Traders are buzzing with excitement as BNB's price surges, especially following the recent pardon of CZ by Trump. This development has sparked speculation that we might be entering an altcoin season, which could lead to significant gains for investors. The positive sentiment around BNB reflects a broader optimism in the cryptocurrency market, making it a pivotal moment for traders looking to capitalize on potential upward trends.

Ethereum is currently stabilizing in the $3,600 to $3,800 range, demonstrating strength despite recent market fluctuations. This period of consolidation could be a precursor to a significant price increase, as technical indicators suggest a potential rally ahead. Analyst MarketMaestro has pointed out that Ethereum's recent price action shows structural strength, which could lead to new all-time highs. This is important for investors as it indicates a possible upward trend in the cryptocurrency market.

Kraken has reported a remarkable 114% increase in revenue for the third quarter, reaching $648 million. This surge is attributed to heightened trading activity, significant user growth, and strategic acquisitions. This news is significant as it highlights Kraken's strong position in the cryptocurrency market and its plans for expansion and an initial public offering (IPO), which could further solidify its influence in the industry.

WazirX, the Indian cryptocurrency exchange, is set to resume trading and withdrawals after a significant hiatus following a hack in July 2024. This reopening is a crucial development for users eager to engage in crypto transactions again, marking a positive turn for the platform and its community. The scheduled restart this Friday brings hope for a revitalized trading environment and reflects the exchange's commitment to restoring trust and functionality.

In a surprising turn of events, gold has lost trillions in market value, overshadowing Bitcoin's stability. While gold, once the epitome of safety, shows signs of weakness, Bitcoin has proven to be resilient amidst the turmoil. This shift is significant as it challenges long-held beliefs about safe-haven assets and could reshape investor strategies in the upcoming market cycle.

Nevada regulators have taken action against Fortress Trust, a crypto custodian, by ordering it to halt operations due to concerns over insolvency and unsafe business practices. This move highlights the increasing scrutiny on digital asset custodians as regulators aim to mitigate systemic risks in the crypto market. The situation is significant as it reflects the ongoing challenges faced by the industry and the need for stronger oversight to protect investors.

The odds of former FTX CEO Sam Bankman-Fried receiving a pardon from US President Trump have surged to 12% on Polymarket, more than doubling after the recent pardon of Changpeng Zhao. This increase reflects a growing sentiment among bettors that Bankman-Fried could see a favorable outcome, which could have significant implications for his legal battles and the broader cryptocurrency market.

Meteora's $MET token has made a significant splash in the cryptocurrency market following its debut, reflecting a growing interest in the Solana ecosystem. This surge in popularity could pave the way for increased adoption and innovation in decentralized finance, making it an exciting development for investors and tech enthusiasts alike.

Bitcoin options are making waves as open interest skyrockets to a record $63 billion, signaling strong bullish sentiment in the market. With strike prices reaching between $120,000 and $140,000, this surge indicates that investors are optimistic about Bitcoin's future performance. This matters because it reflects growing confidence in cryptocurrency, potentially attracting more investors and influencing market trends.