Market
Bitcoin Traders Eye $28K; Solana, Cardano and Tellor Lead Altcoin Bump
Traders at Japanese exchange Bitbank said in a daily note that they expect bitcoin prices to move towards the $28,000 level, citing ETF optimism.
Arbitrum Users Can Now Trade Bitcoin Mining Power With Each Other
Bitcoin miners have the ability to easily buy and sell hashing power to interested purchasers. The trades will be routed through smart contracts and will specify hashrate amount, duration and price.
CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
Commissioner Caroline Pham is outlining a “time-limited” program to start allowing regulated crypto markets and tokenization, an approach she says has precedents.
Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums
The firm laid off 44 employees from the team, which still has 82 members.
XRP's Market Cap Momentarily Zoomed to Trillions of Dollars on Gemini
Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange.
Crypto Options Traders Bet Against Volatility
"Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now," one trader said. Crypto traders typically short volatility by selling, or writing, call or put options.
Bitcoin, Ether CME Futures Saw Record Participation From Large Traders in Q2
Bitcoin futures institutional interest continued to increase throughout the quarter as investors sought regulated venues/products to hedge rising market volatility and manage risk and exposure, CME said.
Bitcoin April 2024 Forecast Raised to $56.6K: Berenberg
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
Australia's Crypto Industry Body Denounces Recent Banking Restrictions
Blockchain Australia said it wants to tackle the issue "head-on by using real data," following reports that banks in the country were blocking payments to crypto exchanges.
Bitcoin Traders Shrug Off U.S. SEC's Action Against Binance, Coinbase
Implied volatility metrics show no signs of panic after the SEC's filed lawsuits against the two cryptocurrency exchanges.
