Pertains to trading in cryptocurrencies, including strategies, tools, platforms, and trading pairs.
Six altcoins will unlock tokens worth $138M next week, affecting supply and prices. Key releases: $ALT ($111M, 42.08%), $ID ($9M, 4.29%), $ENA ($7.32M, 0.87%), $YGG ($7.56M, 3.74%), $GAL ($3.60M, 0.85%), and $ACA ($340K, 0.46%). #Update
Bitcoin ($BTC) shows resilience, trading between $61K and $71K despite a $3.5B sell-off by the German government. Institutional interest in $100K call options by year-end signals strong confidence. QCP Capital recommends a PPRA strategy with a 27% annual coupon if BTC stays in this range by Oct 2024. #Update
Crypto traders are on alert as $2B in $BTC, $ETH, $SOL, $XRP, and $MATIC options expire on Deribit amid slight selling pressure. The Fear and Greed Index jumped from 25 to 60, indicating high market volatility. #Update
#CryptoNews
Upbit restricts crypto trading for employees, blood relatives, and executives ahead of the Virtual Asset User Protection Act (VAUPA) on July 19. The exchange’s transparency report includes measures against insider trading and price manipulation. This move aims to ensure user safety and market stability. #CryptoRegulation
Deribit is launching BTC and ETH options expiring on Nov 8, 2024, to let investors speculate on the U.S. election’s impact on the crypto market. This early rollout, starting July 18, meets client demand for strategic positioning. #Crypto #Update
? The SEC has approved spot Ethereum ($ETH) ETFs for trading starting July 23. Issuers expect up to $5B inflows in 6 months, possibly $20B in a year. ETH’s price surged 12% in 5 days due to this news. #CryptoNews
Akshay Nassa, CEO of Chimp Exchange, predicts decentralized exchanges (DEXs) could surpass centralized exchanges (CEXs) like @Binance and @Coinbase within five years, thanks to advancements in security and scalability. #Crypto #Update
T-REX launches options trading for its 2X leveraged and inverse Bitcoin ETFs, offering traders more flexibility. This comes as the SEC still hasn’t approved any spot Bitcoin ETFs, despite efforts from firms like Bitwise and Grayscale. #Update #Bitcoin #CryptoNews
Russia’s Ministry of Finance plans to allow stock exchanges to trade cryptocurrencies for “highly qualified” investors. This move aims to regulate crypto for cross-border payments, with the Bank of Russia considering stablecoin use for international trades. #CryptoNews
Siacoin ($SC) surged 29% to $0.005248, with market cap up 27% to $303M. Trading volume spiked 2,700% to $72.7M. $SC powers @Sia__Foundation’s decentralized cloud storage. #Update #CryptoNews
Robinhood is eyeing crypto futures trading, possibly boosting $DOGE, $BONK, and $KANG. Dogecoin may recover from a 5% dip, while Bonk is up 10%. KangaMoon’s users hit 32K with a 1,900% token surge. #Update
Nigerian trader Femi Akinola returned 90 SOL after receiving 100 SOL instead of $100 in a contest prize from The Crypto Network. Akinola’s honesty boosts trust in crypto, keeping 10 SOL as compensation. His actions aim to deter harmful schemes. #CryptoCommunity #Update
Crypto trader buys $59M in $ETH, $PEPE, $SHIB, $RNDR, $MATIC, $LINK, $AVAX, and $GRT amid market dip. Notable purchases: 9,425 $ETH worth $30.92M, 957.7B $PEPE worth $9.82M, and 583.7B $SHIB worth $9.63M. Signals confidence in market rebound with upcoming ETH ETF launch. #Update
Robinhood plans to launch Bitcoin ($BTC) and Ether ($ETH) futures in the U.S. and Europe. This follows its acquisition of Pluto Capital and a potential $200 million deal for @Bitstamp. No official date yet. #Update
