Category: crypto

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.

The US election results have increased Bitcoin’s liquidity to new highs, reaching $623 million.

Mercado Bitcoin, the largest digital asset platform in Latin America, has launched the MBRL stablecoin on the TRON blockchain. This innovative means of payment combines Brazilian fiat currency with tokenization. TRON, with over 271 million user accounts, offers efficient and scalable blockchain solutions. Customers can buy MBRL on Mercado Bitcoin or issue it directly with…