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Bullish bitcoin (BTC) plays on Bitfinex swell to highest since early 2024

The number of bullish bitcoin BTC$89,761.33 bets raised with borrowed funds continue to rise on Bitfinex, one of the oldest cryptocurrency exchanges. The so-called margin-long positions have risen to around 72,700 BTC, the highest since February 2024, according to data source TradingView. The figure has risen from around 55,000 BTC since October, indicating a sustained

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$27 billion worth of bitcoin and ether options set to reset at year-end

The crypto market is gearing up for a massive structural reset on Friday with billions of dollars worth of bitcoin BTC$89,790.13 and ether ETH$3,037.84 settings set to expire on Deribit. This colossal “Boxing Day” event, named after the holiday observed in many countries on December 26, will see $23.6 billion in bitcoin options and $3.8

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Uniswap token burn moves closer to reality as 99% of voters back ‘fee switching’ proposal

Uniswap’s long-running debate over how or whether the protocol should return value to UNI holders is close to being resolved. The protocol’s “UNIfication” proposal has already passed quorum, with more than 69 million UNI tokens voting in favor and virtually no opposition as of Monday. Voting is open until December 25, but the margin suggests

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Hong Kong proposes new rules to leverage insurance capital for cryptocurrencies

Hong Kong is planning a move to unlock a multibillion-dollar capital pool for digital assets and related infrastructure, potentially marking a watershed moment for institutional crypto adoption in Asia. Hong Kong Insurance Authority (IA) is proposing new rules that would allow the city’s 158 licensed insurers to channel funds into assets, including cryptocurrencies, according to

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Binance opens ways for users to generate income using ETH options

Binance, the leading crypto exchange by trading volume, has just made it possible for anyone to earn a passive-like income through ether options, opening up a strategy once limited to professionals. The exchange announced in a press release shared with CoinDesk that it allows users to write (sell) ether options, helping them effectively manage risk

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