On October 25, a substantial number of Bitcoin options contracts, approximately 62,600, will expire, marking a significant event in the cryptocurrency market. With a total notional value exceeding $4.26 billion, this month-end expiry is particularly noteworthy, overshadowing typical weekly expirations. The impact of such a large volume of options expiring can send ripples through the
Crypto
The cryptocurrency market is notoriously volatile, often influenced by numerous external factors, including regulatory decisions, technological advancements, and market sentiment. Currently, XRP, the native token of Ripple, stands at a crossroads where opinions are divided regarding its trajectory. While some analysts forecast a potential surge that could propel XRP past Ethereum (ETH), others highlight the
The recent decision by Nigerian authorities to drop all charges against Tigran Gambaryan, an executive at Binance, signifies a turning point in a convoluted legal saga that has attracted international attention. Gambaryan, who faced accusations related to money laundering alongside his employer, Binance, has been at the center of a controversy that encapsulates the uneasy
The cryptocurrency landscape has witnessed monumental shifts in recent years, and few events have shocked the industry more than the downfall of Celsius Network. Founded with the goal of revolutionizing financial services through cryptocurrency lending and borrowing, Celsius, under the leadership of its CEO Alex Mashinsky, quickly soared in popularity. However, the ambitious project came
The recent exploit against Radiant Capital represents a significant concern within the decentralized finance (DeFi) community. On October 16, 2023, Radiant Capital’s smart contracts were compromised, resulting in the theft of approximately $52 million in various cryptocurrencies. The incident was catalyzed by the attacker gaining access to a multi-signature wallet that held the platform’s assets.
In the ever-changing landscape of cryptocurrency, the debate surrounding custody methods often sparks intense discussion. Prominent figures in the crypto world, like MicroStrategy’s Michael Saylor, have not shied away from voicing their opinions. Saylor’s recent comments suggesting that larger, regulated financial institutions could be safer custodians for Bitcoin, compared to individuals or smaller, unregulated entities,
As the cryptocurrency sector continues to grow at an unprecedented pace, regulatory bodies like the U.S. Securities and Exchange Commission (SEC) are increasingly under pressure to define their stance on this volatile market. Gary Gensler, the SEC Chair, has taken a particularly hard approach towards cryptocurrency regulation, a position he reaffirmed in a recent interview
As Ethereum (ETH) continues to navigate the turbulent waters of the cryptocurrency market, recent trends indicate a potential short-squeeze risk that traders should carefully consider. The Estimated Leverage Ratio (ELR), a crucial metric gauging the level of leveraged positions in the market, has been on an upward trajectory. This increase suggests that a considerable number
In recent days, ApeCoin (APE) has emerged as a focal point in the cryptocurrency realm, catalyzing a flurry of whale transactions that have drawn significant attention. The Bored Ape Yacht Club (BAYC)-associated token saw an astounding 2102.56% rise in large transactions exceeding $100,000, as reported by Santiment. This surge marks an extraordinary 22-fold increase in
Bitcoin recently faced substantial selling pressure after failing to breach the significant psychological barrier of $70,000. This inability to sustain momentum above this threshold led to a notable decline, with Bitcoin’s value plummeting to just below $67,000. The ripple effect of Bitcoin’s downturn has extended to the broader cryptocurrency market, resulting in a decrease in