With only four days remaining in the month of January, the volume of Ethereum (ETH) options trading across leading crypto derivatives exchanges hit a record high of $17.9 billion. On Friday at 3:00 a.m. ET, almost 932,000 ETH options expired across several centralized derivatives exchanges, based on options data from
Cryptocurrencies have transformed the financial landscape, providing investors with unprecedented opportunities for wealth creation. As we navigate the dynamic world of digital assets in 2024, three cryptocurrencies stand out as potential catalysts for making new crypto millionaires: Retik Finance, Bitcoin, and Aave. Each of these digital assets boasts unique characteristics
Following investment bank Oppenheimer’s decision to upgrade Coinbase’s stock rating from “perform” to “outperform” and set a price target of $160 per share, citing the company’s strength and the toughness of its management team, Coinbase’s (COIN) share price increased by as much as 6% on Friday. Analyst Owen Lau mentioned:
The crypto sector’s long-awaited desire was granted two weeks ago when the United States SEC permitted Bitcoin spot ETFs for trading. There was a lot of buildup to this historic event, and the eleven ETFs all had strong first-day trading volumes. Nevertheless, the market’s first response to this highly anticipated
Ava Labs has detailed their scaling solution Vryx in an effort to enable Avalanche blockchain rates of about 100,000 transactions per second. The scaling strategy was described in a research piece that was published today, and Ava Labs is already employing it. In the next few weeks, it intends to
Among the newly issued spot bitcoin products, BlackRock iShares Bitcoin ETF (IBIT) became the first on Friday to exceed $2 billion in assets under management (AUM). This does not account for Grayscale’s GBTC, which was a closed-end fund with approximately $30 billion in AUM until it became a spot ETF.
An application by Grayscale Investments to transform its Ethereum trust product (ETHE) into an exchange-traded fund (ETF) was postponed by the U.S. SEC. The regulatory body had done the same thing the day before with BlackRock’s request for a comparable vehicle. A judgment on BlackRock’s spot Ethereum ETF was postponed
Approximately two weeks after the shares were made available for trading, asset management company Bitwise made public the Bitcoin addresses of its spot BTC ETF fund. Moreover, announcing that “anyone can verify” holdings for its Bitwise Bitcoin ETF (BITB) on the New York Stock Exchange Arca, the business made the
Bakkt Holdings, a provider of crypto solutions, has announced plans to extend its cryptocurrency operations into new global markets. Yesterday, Bakkt reaffirmed its partnership with SogoTrade, a digital brokerage, and Hapi, a stock trading platform, two of its existing clients. Bakkt has expanded its Latin American footprint from Argentina and
The dawn of 2024 has brought renewed optimism to the world of cryptocurrencies, leaving crypto enthusiasts and investors eager to see what the year has in store. Notably, the cryptocurrency market’s poster child, Bitcoin (BTC), experienced a challenging 2023, shedding approximately 65% of its market value. This tumultuous period caught
