DTX Exchange Is The Favourite Pick Of The Institutional Investors

Institutional investors often look for coins that are small in size and in early stages with great fundamental and future tailwinds. A new coin, DTX Exchange

As the crypto market experiences a downturn, institutional investors are shifting their attention towards smaller coins that exhibit promising early fundamentals and future tailwinds. Among these coins, DTX Exchange has garnered significant attention with a strong inflow of funds during its presale. Launching at a price of $0.02, DTX has now doubled in value, reaching $0.04 during the second stage of its presale.

This development has also attracted the attention of retail investors from across the crypto community, including those from Binance (BNB) and Ethena (ENA). These investors are flocking to DTX Exchange, considering the impressive growth compared to other cryptocurrencies.

In recent times, coins like Binance (BNB) and Ethena (ENA) have shown poor performance amidst the market correction, leading investors to explore new avenues for promising returns.

Binance (BNB) joins the Global Travel Rule Alliance (GTR)

Following various legal challenges, Binance (BNB) has joined the Global Travel Rule Alliance (GTR). Through this move, Binance (BNB) joins an international collective of Virtual Asset Service Providers (VASPs) that are committed to adhering to anti-money laundering (AML) regulations. This initiative aligns with the Financial Action Task Force (FATF) recommendations, specifically recommendation No. 16, also known as the Travel Rule.

Beyond regulatory compliance, Binance (BNB) integration into the GTR also showcases a commitment to enhancing user data security. The GTR utilizes advanced methods to protect digital information, ensuring that VASPs maintain complete control over their decryption keys.

Will Ethena (ENA) be able to reach its launching price?

Having launched this year, Ethena (ENA) encountered bearish momentum following its launch. Ethena (ENA) is a synthetic dollar protocol on the Ethereum blockchain that provides a crypto-native alternative to traditional banking. Its synthetic dollar, known as USDe or the “Internet Bond,” offers a dollar-denominated savings instrument that leverages the benefits of decentralized finance (DeFi). Upon launching, Ethena (ENA) reached a price of around $1.50, which subsequently crashed by over 70%, currently trading at $0.4419. Last month, Ethena (ENA) encountered a price decrease of 5% from the launching price support. In the last 24 hours, Ethena (ENA) showed a price increase of around 8%. If this trend continues, it could reach the launching price soon.

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