Around 29,000 Bitcoin options contracts will expire on Friday, Nov. 22, and they have a notional value of around $2.84 billion. Today’s options expiry is slightly smaller in magnitude than last week’s, but spot crypto markets are on fire, with peak prices being hit by several assets. A huge $9 billion expiry event will occur […]
Bitcoin’s market capitalization hit an all-time high of $1.93 trillion on Thursday, Nov. 21, when the asset reached a record high of $97,850. This means that its market cap is now larger than the world’s sixth-largest company, Saudi Aramco, and just $230 billion behind e-commerce giant Amazon. The firm, also known as the Saudi Arabian […]
Just under a whopping 9,000 BTC was accumulated by spot Bitcoin ETFs in the United States on Tuesday, Nov. 19. This equates to around $814 million in total aggregate inflows across the eleven funds, according to Coinglass. Around 450 BTC are mined daily, which means that a huge supply shock is imminent if institutional funds […]
Binance’s token BFUSD has already sparked speculation even before its launch. It all started with Binance’s introduction of the new asset on Monday which offers 19.55% APY, positioning itself as an alternative to conventional stablecoins. Not a Stablecoin, But a Reward-Bearing Asset According to the website, users can earn daily rewards simply by holding BFUSD […]
Metaplanet has announced the purchase of 124.117 bitcoin for a total of 1.75 billion yen. This brings the company’s total bitcoin holdings to 1,142.287 BTC, valued at around 11.372 billion yen (approximately $73 million). Metaplanet’s Stock Surges 15% According to a post on X, the new purchase was made at an average price of 14,099,600 […]
Heather Morgan, widely known by her rap persona “Razzlekhan,” has been sentenced to 18 months in prison for her role in laundering funds stolen during the 2016 Bitfinex cryptocurrency hack. Morgan pleaded guilty to conspiracy charges related to money laundering and defrauding the United States earlier this year. A Deliberate Scheme According to a CoinDesk […]
In a bid to grow its Bitcoin portfolio, Tokyo-listed Metaplanet has announced a new debt issuance during a Board of Directors meeting held on November 18th. The filing shows that the company plans to sell one-year ordinary bonds worth 1.75 billion yen—$11.3 million—with an annual interest rate of 0.36%. The entire amount raised will be […]
Ripple CEO Brad Garlinghouse has expressed concerns about the potential appointment of Bob Stebbins as chair of the securities regulator. The industry executive responded to a post on X by crypto researcher ‘Anders’ who described Stebbins as “the old guard candidate for the SEC chair” before adding: “If Trump truly wants to make the US […]
Bonk’s price settled Monday to 0.000049 Monday after a 14-day melt-up to a new all-time high price at the 0.000055 handle. “Holy sh**!” exclaimed Shawn.eth (Punk #4220), a Bonk investor on X Monday. “My $BONK bag was $30,000 when j bought and now its $2,300,000,” Shawn.eth wrote. “Bonk started the entire memecoin supercycle early last […]
Solana has started the new week by reaching a new milestone: the monthly trading volume in its decentralized exchange (DEX) ecosystem has surpassed $70 billion for the first time in the network’s history. The uptick in monthly trading activity was pushed by consistently high daily volumes, including breaking past $5 billion for three consecutive days. […]