Bitcoin approached $70,000 but fell below $67,000 amid warnings of a $2.2B options expiry on Aug. 2. Analysts say leveraged long positions dominate. Despite risks, the market remains in a higher timeframe uptrend. Macroeconomic outlook is cautiously optimistic.
Solana (SOL) surged to $193, its highest since April, amid rising investor confidence. Futures open interest hit $3.25B, the highest since April, and ecosystem fees jumped to $2.13M with 1.22M active addresses. Key events like potential ETF submissions may impact prices further.
Crypto exchange One Trading, backed by Bitpanda, has received an Organized Trading Facility license from the Dutch Financial Markets Authority. This makes it the EU’s only platform for cash-settled perpetual futures on BTC and ETH. The exchange raised €30M in a Series A round.
Shiba Inu’s Lucie announced that $BONE will be listed on Weex crypto futures exchange on July 31. This aims to boost $BONE adoption and liquidity, despite a 1.09% price increase to $0.4943. Traders sold off after the Shibarium mainnet launch earlier. #CryptoNews
Solana’s price rose as @FTI_US plans a Solana ETF, following Ethereum’s approvals. Solana ($SOL) is near a resistance of $188.8, with potential to hit $210. Major firms like @BlackRock and @InvescoUS may also seek ETF approvals. #Update
Whale Alert: 77M $XRP transferred ahead of SEC meeting, sparking market buzz. Key moves: 23.28M accumulated from Binance, 54.29M shifted to Bitstamp and Bitso. XRP price rose 2.57% to $0.62 with futures interest at $796.75M and derivatives volume at $2.21B. #Update
Cryptocurrency exchange @OKX will delist over 30 trading pairs tied to $BTC and $ETH starting July 25 to optimize liquidity. Affected pairs include $LTC/ETH and $MATIC/BTC. Users must cancel active orders to avoid automatic cancellations. #CryptoNews
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 $MATIC options expire on Deribit amid slight selling pressure. The Fear and Greed Index jumped from 25 to 60, indicating high market volatility. #Update
#CryptoNews
Deribit is launching BTC and ETH options expiring on Nov 8, 2024, to let investors speculate on the U.S. election’s impact on the crypto market. This early rollout, starting July 18, meets client demand for strategic positioning. #Crypto #Update
? The SEC has approved spot Ethereum ($ETH) ETFs for trading starting July 23. Issuers expect up to $5B inflows in 6 months, possibly $20B in a year. ETH’s price surged 12% in 5 days due to this news. #CryptoNews
T-REX launches options trading for its 2X leveraged and inverse Bitcoin ETFs, offering traders more flexibility. This comes as the SEC still hasn’t approved any spot Bitcoin ETFs, despite efforts from firms like Bitwise and Grayscale. #Update #Bitcoin #CryptoNews
Siacoin ($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
