As we approach the end of the week, the market is bracing for the expiry of around 107,000 Bitcoin options contracts, totaling a notional value of $6.6 billion. This end-of-month expiry event is significantly larger than the usual end-of-week expiries, signaling a possibility of increased market volatility. The put/call ratio for today’s BTC derivatives stands
Crypto
Bitcoin experienced a rollercoaster ride in the past week, with its price soaring to over $62,000 only to retract back below that level. Starting the week above $64,000, the digital asset faced a significant dip as bears took charge and drove it down to $58,400 in a matter of hours. However, the bulls managed to
Recently, Binance has made significant announcements regarding the implementation of stricter measures to combat account misuse on its platform. These measures include enhanced monitoring of all account activities to detect instances where certain features are being exploited to gain unfair advantages. The company has stated that it will suspend or terminate accounts found to be
CleanSpark, a prominent publicly traded Bitcoin mining company, recently made headlines with its acquisition of GRIID Infrastructure in a significant all-stock deal worth $155 million. This move adds 20 megawatts of power to CleanSpark’s mining operations immediately, with an additional 400 MW expected to be added in Tennessee over the next two years. The merger
The US Securities and Exchange Commission (SEC) is on the brink of potentially approving the latest adjustments to spot Ethereum ETFs by July 4th. Discussions between asset managers such as BlackRock, Franklin Templeton, and Grayscale Investments, along with regulators, are reaching their final stages. This progress comes after the successful launch of spot Bitcoin ETFs
Coinbase, the largest cryptocurrency exchange in the United States, is currently embroiled in legal battles with both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange has filed lawsuits against these regulatory bodies for allegedly failing to comply with information requests related to closed crypto cases. Coinbase argues that
The US spot Bitcoin ETFs are showing signs of recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum that started on Tuesday is a hopeful indication for the market. BlackRock’s iShares Bitcoin Trust (IBIT) has not seen any new investments in the past four days. This is not the first time,
The battle between Ripple Labs and the United States Securities and Exchange Commission is heating up as the trial phase continues. One of the key developments in this case is the significant decrease in the fine demanded by the SEC. Initially seeking a fine of $2 billion, the Commission has now lowered its demand to
The latest analysis by IntoTheBlock has revealed a notable shift in Bitcoin accumulation patterns among whales in the market. Despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD), there has been a surge in net inflows to the largest wallets. Holders with control of at least 0.1% of the total Bitcoin supply increased
During the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs. He mentioned that the main focus now is on asset managers making full disclosure for registration statements to go effective. This signifies a positive outlook on the progress being made towards the approval of spot Ethereum