Business – Page 131

Valuing crypto ETPs in an evolving market

In today’s newsletter, Sarah Cummings of Morgan Stanley Investment Management provides insights and considerations when evaluating crypto exchange-traded funds. Then, in “Ask an Expert,” Ryan Tannahill of iA Private Wealth USA answers questions about loans against bitcoin assets. Valuing crypto ETPs in an evolving market When evaluating exchange-traded funds (ETFs), investors typically focus on factors […]

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Crypto betting platform may have leaked US military secrets ahead of surprise attack on Iran, experts warn

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An in-depth investigation into insider trading by Bubblemaps analysts reveals just how accurate bets on US attacks on Iran were, exposing a trend that experts fear poses huge risks to US national security. In an interview with CoinDesk, Nicolas Vaiman, Bubblemap’s co-founder and CEO, expressed deep concern about the national security implications of this new

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US CFTC secures agreement with National Hockey League on predictive market guarantees

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Amid its surge into the playoffs, hockey’s top professional league has agreed to coordinate oversight of betting on popular prediction markets with the US Commodity Futures Trading Commission, securing a new memorandum of understanding similar to the one recently reached with Major League Baseball. The National Hockey League, which officially signed on last year with

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Variation predicts that RWA perpetuals will soon be the largest contract class in DeFi

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Variational, a peer-to-peer onchain derivatives trading protocol, said it raised $50 million in a round led by global investment fund Dragonfy with participation from firms including Bain Capital Crypto and Coinbase Ventures. The money will be used to expand the Cayman Island-based company’s derivatives trading services, it said in a statement released Thursday. The increase

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BTC’s long-term holder supply increases by more than 2 million coins

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Bitcoin’s long-term hold (LTH) supply is nearing all-time highs. Currently, 16.3 million BTC are owned by this cohort, defined as investors who have held bitcoin for at least 155 days. LTH supply has increased from 14.12 million BTC around the time of bitcoin’s record high above $126,000 in October to the current 16.3 million BTC.

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Stablecoins still dominate despite dividend advantage of tokenized funds: JPMorgan

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Tokenized money market funds still make up only about 5% of the stablecoin universe despite their ability to generate returns, Wall Street bank JPMorgan said in a Wednesday report. The bank said crypto market participants continue to favor stablecoins because they have become the ecosystem’s default cash instrument for trading, collateral, settlement, cross-border payments and

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Traders are piling up calls for $82,000 bitcoin (BTC) ahead of May 29 expiration

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Bitcoin BTC$77,640.65 options worth about $6.25 billion are set to expire on Deribit on May 29, with position data pointing to $75,000 and $80,000 as the key levels to watch. The $75,000 strike has the largest concentration at $394 million in face value, while the $80,000 strike dominates the call side with $532 million The

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That’s Not All HYPE: Privacy and Quantum-Resistant Coins Rise as Bitcoin Marks Time: Crypto Daily

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This is an excerpt from CoinDesk’s ‘Diary’ newsletter. Sign up here if you haven’t already. Bitcoin BTC$77,262.60ether (ETH), XRP (XRP), solana (SOL) and other top 10 coins have had a rough time lately, with each of them down at least 2% in the past seven days. Still, there’s always a bull market somewhere, and several

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HYPE leads crypto rebound as traders position for volatility breakout

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The crypto market showed signs of a cautious recovery on Thursday with bitcoin BTC$77,172.49 trading at $77,900, up from Tuesday’s low of $76,100, and ether (ETH) at $2,130 after adding just 0.1% since midnight UTC. The altcoin sector remains mixed. While Hyperliquid ( HYPE ) rose for a fifth straight day, adding 6.5% to a

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TradFi giant IG is set to expand crypto trading across Europe

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Trading giant IG ( IGG ), which began offering cryptocurrency trading in the UK a year ago, said it plans to expand the service across Europe, without specifying a timescale. The European arm of the London-listed investment platform will use crypto exchange Bitpanda’s infrastructure – including liquidity, trading connectivity and market data – to provide

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