The recent Bitcoin options expiry event included around 20,000 contracts with a notional value of $1.35 billion. Although the impact of today’s expiry is expected to be minimal due to its smaller size compared to previous weeks, traders are closely watching upcoming events. On June 28, a massive Bitcoin options expiry with $6.7 billion in
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STORM Partners, a blockchain services provider, recently made a significant announcement at the Web3Fest event in Switzerland’s “Crypto Valley.” Alongside other major projects in the cryptocurrency space, such as Cardano (ADA) and MultiversX, the company unveiled the “Lightningbox” – a new Web3 Sandbox. This announcement was coupled with the relocation of STORM Partners’ headquarters from
The world of cryptocurrency has always been filled with controversies and scandals, and the latest allegations of insider trading in meme coin projects promoted by Andrew Tate and Iggy Azalea have once again brought the issue to the forefront. Blockchain analytics platform Bubblemaps recently came forward with claims of suspicious activity surrounding the launch of
In a recent episode of the Thinking Crypto podcast, Charles Hoskinson, founder of Cardano, revealed details about the ongoing rumors concerning a potential partnership with tech mogul Elon Musk. Hoskinson discussed the various outreach efforts made by his team to Musk’s companies, including offers of free work to address bot issues on the platform formerly
The IOTA Foundation’s Web3 Identification Solution has been selected for the European Blockchain Sandbox program, marking a significant advancement in the realm of Know-Your-Customer (KYC) procedures and privacy within the Web3 space. This decision underscores the importance of addressing regulatory considerations surrounding KYC and privacy, especially as decentralized finance (DeFi) continues to gain traction and
In a surprising turn of events, major retail companies in South Korea, including Lotte and Hyundai, have recently announced their departure from the non-fungible token (NFT) market. This decision reflects a significant shift in their digital strategies as they respond to a slowdown in the NFT industry and refocus their resources on core business operations.
In the ever-evolving landscape of the crypto-asset market, regulatory bodies like the European Banking Authority (EBA) play a crucial role in setting guidelines to ensure the stability and reliability of digital tokens. The recent unveiling of comprehensive guidelines by the EBA addresses recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under
Coinbase recently expressed its objection to the Securities and Exchange Commission’s (SEC) $2.6 billion budget request for the 2025 fiscal year. The cryptocurrency exchange criticized the SEC for prioritizing enforcement over creating clear and workable regulations for the crypto industry. The SEC’s budget request includes a significant portion of $812.4 million allocated to enforcement, reflecting
The Commodity Futures Trading Commission (CFTC) is currently exploring the possibility of expanding its authority to include oversight of crypto commodities and non-traditional assets. During a hearing before the Senate Committee on Appropriations, CFTC chair Rostin Behnam expressed confidence in the agency’s ability to take on additional responsibilities in the crypto space. This article will
The Bitcoin market is currently experiencing a shift in investor behavior, with a growing number of short-term traders entering the scene. These new players are attracted to spot Bitcoin ETFs, which offer easy access to Bitcoin’s price movements and the potential for quick profits. According to a recent report by Bitfinex Alpha, the number of
