It is highly unusual for the largest derivatives exchange operator in the US, CME Group, to be at war with its regulator, the Commodity Futures Trading Commission (CFTC) – but it is now happening in a situation caused by the agency’s decision to allow blockchain-based perpetual futures products. Last month, CME sued the CFTC and […]
Inside CME’s and CFTC’s battle over onchain perpetual futures Read More »
Bitcoin (BTC) has regained some balance, recovering from Asian session lows despite signs of worsening risk aversion in equity markets. The leading cryptocurrency by market capitalization is trading at around $63,500 at the time of writing, up from a low of $63,065 in Asia, according to CoinDesk data. Prices are still down 0.3% since midnight
Bitcoin Recovers After Asian Session Lows; Nasdaq futures remain under pressure Read More »
Kruger said bitcoin needs to clear $67,300 to break out of the multi-week consolidation that has capped prices since June. A move above this level could signal the next stage of higher, while ether (ETH) faces a similar test at $2,000. Tom Lee, chairman of Bitmine and co-founder of Fundstrat, also noted ether’s recent outperformance
Bitcoin (BTC) Price May Fall to $52,000 as Demand Remains Elusive, Says Nansen Analyst Read More »
Perpetual swaps, also called perpetual futures or “perps” for short, are the dominant trading instrument in the crypto market, processing an estimated $40 to 50 trillion per year in volume. They dwarf spot trading and are the product that professional traders, hedge funds and retail speculators seek when they want leveraged exposure to the price
Thailand’s Securities and Exchange Commission (SEC) alleged that cryptocurrency exchange Bitkub and two former executives covered up a cyberattack that led to the theft of about 1.7 billion baht ($50 million), according to local media reports on Thursday. The SEC filed a criminal complaint against Bitkub with the Economic Crime Suppression Division (ECD), accusing the
Bitmine (BMNR), the largest Ethereum treasury company, continued its ether (ETH) purchases last week as chairman Tom Lee pointed to ether (ETH) outperforming bitcoin BTC$65,027.16 as evidence that the crypto market is regaining momentum. The company bought 9,946 ETH, worth about $19.4 million at current prices, up from 7,430 ETH the previous week, according to
Bitmine (BMNR) buys more as Tom Lee says ETH-BTC sends bullish signal Read More »
Strategy is selling MSTR shares, not buying bitcoin
Strategy is selling MSTR shares, not buying bitcoin Read More »
Strategy’s ( MSTR ) cash reserve now stands at $3.75 billion after the company raised $544.5 million last week. The $3.75 billion is enough to cover 2.1 years of preferred stock dividends, according to executive chairman Michael Saylor. The money was raised through the sale of more than 5.4 shares of common stock, according to
Michael Saylor’s strategy increased the cash reserve to $3.75 billion Read More »
“This is a world of fiscal dominance and ultimately will dictate Fed policy. Rates must necessarily be kept artificially low and liquidity must be made available to help finance the refinancing cycle,” the founders told CoinDesk. “The debasement trade was a popular narrative last year, but has gone quiet. Yet it’s set to go into
Armstrong and others say autonomous software agents will eventually perform far more daily transactions than humans. Because digital programs cannot open bank accounts or wait days for bank transfers, real-time crypto and blockchain are the only alternative. In his post, Armstrong said Coinbase plans to anchor this ecosystem, which he dubbed Agentic Finance (AiFi). The
Why Coinbase CEO Thinks Pivoting From Crypto To AI Is A Mistake Read More »
