On October 29, the CME Group, a leading player in the derivatives marketplace, received approval from the National Futures Association (NFA) to establish its own Futures Commission Merchant (FCM). The granted approval allows CME Group to manage customer accounts directly and deepen its role in futures trading. Yet, this move,
The Royal Government of Bhutan recently transferred 929 BTC, valued at $66 million, to Binance. This move follows Bitcoin’s price surge above $71,000, marking Bhutan’s first significant transfer since selling $24 million in BTC via Kraken in July. The on-chain analytics platform Arkham reported this sale. Royal Government of #Bhutan
T-Rex’s 2x leveraged MicroStrategy ETF (MSTU) has surged in performance, now ranking among the top 1% of all ETFs by daily trading volume. Launched just six weeks ago, MSTU has posted a 225% gain, translating to an annual equivalent growth rate of 57,000%. This exponential rise is attributed to MicroStrategy’s
Bitcoin price remains to be a hot topic of discussion in the financial community. Currently valued at approximately $58,254 (BTC-USDT) on Gate.io, Bitcoin (BTC) has been on a rollercoaster ride, characterized by significant volatility and an inability to reach a new all-time high despite the recent halving event. This lack
The crypto space has been abuzz with activity as Bitcoin has rallied to hit the March 2024 trading levels. However, the altcoin sector has shown mixed signals in the last 24 hours. Ethereum has failed to utilize this positive momentum, but Solana, on the other hand, has hit the $180
Speculation about how political events may impact the bitcoin market is growing as the 2024 U.S. presidential election gets close. Among them is the fascinating prospect that a Donald Trump win would propel Bitcoin (BTC) into the sought-after $100,000 level. A Trump victory might set off changes in market sentiment,
The intersection of politics and finance has always had a significant effect on the crypto market; the most recent conjecture revolves around former US President Donald Trump. Known for his divisive impact in many spheres, Trump’s remarks on Bitcoin and crypto regulation might generate positive signals that institutional investors all
October, often dubbed “Uptober” by crypto enthusiasts, turned out to be a disappointment for many in the cryptocurrency space. The anticipation of bullish momentum was palpable at the beginning of the month, with analysts predicting $70K rally for Bitcoin (BTC) and other altcoins. However, as the month unfolded, the reality
The co-founder of MicroStrategy, Michael Saylor has transformed the firm’s financial approach by making Bitcoin at the core of its asset strategy. Saylor turned to Bitcoin, describing it as the “digital gold.” In August 2020, MicroStrategy made its first Bitcoin purchase, acquiring 21,454 Bitcoin for $250 million, citing the potential
The worldwide cryptocurrency market has seen bullish movements in the past day instilling optimism in members of the community. The overall crypto market has shown a 1.43% increase in market cap and a 22.63% surge in daily trading volume. Meanwhile, the regulatory landscape has not shown much activity over the
