This Friday, a significant amount of Bitcoin options contracts will reach their expiration date, totaling around 107,000 contracts with a notional value of $6.6 billion. This end-of-month expiry event is much larger than the usual end-of-week expiries, potentially leading to increased market volatility. The put/call ratio of these contracts is 0.5, indicating that twice as
Cryptocurrency
Kraken founder Jesse Powell made headlines recently after donating $1 million, primarily in Ethereum, to support former US President Donald Trump’s re-election bid. Powell stated that the donation was intended to help the US maintain its leadership position in blockchain technology. His decision to support Trump, who has shown a more favorable stance towards crypto,
Bitcoin’s price performance has been a rollercoaster ride in recent days, with the asset surging to over $62,000 only to retract back below that level. Despite starting the week strong at over $64,000 after a quiet weekend, Bitcoin faced a massive sell-off that drove its price down to $58,400 within hours. However, the bulls quickly
The latest addition to the collectibles space is “Solo Leveling: Unlimited”, an NFT platform based on the popular South Korean web novel and webtoon, Solo Leveling. This innovative platform, developed by Singapore-based Web3 company OtherWorld, merges entertainment and blockchain technology on the Avalanche blockchain. Revolutionizing NFT Transactions What sets “Solo Leveling: Unlimited” apart is its
Binance, one of the largest cryptocurrency exchanges in the world, recently announced that it is implementing stricter measures to address account misuse. The company stated that certain account features on the platform are being misused or exploited to gain unfair advantages such as better fee rates and higher API limits over other users. While it
With the upcoming launch of the first Ethereum ETFs in the United States, industry experts are speculating about the potential impact on Ethereum’s price in the market. The US Securities and Exchange Commission (SEC) is expected to approve these ETFs by July 4, leading to discussions reaching their final stages. According to insider sources, the
The US Securities and Exchange Commission (SEC) is currently in the final stages of discussions with eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, regarding the approval of spot Ethereum ETFs. This comes after these firms successfully launched spot Bitcoin ETFs in January, marking a significant milestone after years of regulatory struggles. The
Coinbase, the largest cryptocurrency exchange in the United States, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange filed lawsuits alleging that both regulatory bodies failed to respond to information requests related to closed crypto cases. Coinbase is seeking to compel the SEC and
Recent events have shed light on the decline in Bitcoin’s price, with major sell-offs taking place, primarily instigated by governments such as Germany and the US. The German government’s sale of 2,786 BTC, valued at $140 million, and the US government’s transfer of 3,940 BTC to the Coinbase exchange, worth $241.22 million, have significantly impacted
The recent settlement between Abra and CEO William “Bill” Barhydt with 25 US state regulators for providing crypto trading services without proper licenses has brought attention to the importance of regulatory compliance in the cryptocurrency industry. The Conference of State Bank Supervisors (CSBS) announced the terms of the settlement on June 26, highlighting the agreement