Category: crypto

Bitwise CEO Hunter Horsley announced that options trading on the firm’s Bitcoin ETF product BITB will begin on Nov. 20. This move is expected to increase investor options for managing Bitcoin exposure and enhance market liquidity. However, concerns exist regarding position limits imposed on Bitcoin ETFs. The regulatory landscape has progressed significantly, with the CFTC…

: Goldman Sachs is launching a new blockchain-focused entity to modernize financial instruments trading and settlement for institutional clients. The initiative aims to enhance efficiency through collaboration with Tradeweb Markets Inc. The firm’s investments in Bitcoin and blockchain-backed products reflect its confidence in the sector’s growth and potential.

The Office of the Comptroller of the Currency (OCC) is preparing for options trading on BlackRock’s spot exchange-traded fund iShares Bitcoin Trust (IBIT). Nasdaq plans to list and trade options on IBIT soon. Analysts expect other Bitcoin ETFs to start options trading this week. This approval could bring new capital and liquidity to spot Bitcoin…

President-elect Donald Trump’s media group, Trump Media and Technology Group (TMTG), is in advanced talks to acquire Bakkt, a crypto trading platform owned by Intercontinental Exchange (ICE). The deal would involve an all-share purchase, aiming to diversify TMTG’s operations and enter the growing crypto market. Bakkt has struggled financially, but its institutional focus and ties…

Bitcoin (BTC) is expected to continue growing due to supportive economic and political conditions, according to Fundstrat Global Advisors managing partner Thomas Lee. Lee highlighted Bitcoin’s resilience in uncertain markets and predicted sustained momentum. He emphasized that current policies and market trends favor Bitcoin’s growth, especially in light of President Donald Trump’s victory. Lee also…

Bitcoin’s price surged past $90,000, reaching a new all-time high of $93,318 and a market capitalization of $1.8 trillion. This places Bitcoin as the eighth-largest traded asset globally. The rally marks Bitcoin’s largest price surge since January 2021. Profit-taking has tempered the rally, with $640 million in net outflows recorded. Retail activity has surged, but…

Binance has launched BFUSD, a yield-bearing stablecoin for futures and perpetuals traders offering approximately 19.55% APY. Users can earn rewards without staking funds. BFUSD can be acquired through USDT swaps and has a collateralization ratio of 105.54%. However, users in certain regions are restricted from accessing BFUSD. Binance faces competition from other stablecoins like sUSDe…

MicroStrategy, led by Michael Saylor, recently bought 51,780 BTC for $4.6 billion, bringing their total Bitcoin holdings to 3331,200 BTC worth around $30 billion. This massive purchase has not significantly impacted the company’s stock price. MicroStrategy has purchased more Bitcoin than all US Bitcoin ETFs combined this month.

Digital asset investment products saw $2.2 billion in inflows last week, driven by Donald Trump’s US election victory. Bitcoin saw record price performance but had outflows of $866 million. BlackRock and Fidelity had significant inflows, while bearish traders invested $49 million in short Bitcoin products. Ethereum also saw inflows, influenced by election results.

Ripple’s XRP has reached a three-year high, surpassing $1 with open interest in the digital asset hitting over $2 billion. The price increase is attributed to renewed interest following Donald Trump’s victory in the US elections. XRP holders and institutional investors are accumulating the token, driving the price up.