Open interest has surged to $11 billion to its highest level in over a year. Original
Bitcoin Futures Attract Biggest Bets Since Terra's Collapse
Day: June 26, 2023
Gemini Allows Withdrawals for Voyager Customers Whose Funds Have Been Trapped since Bankruptcy
The 30-day window of opportunity opened on Sunday, June 25th, and would run till July 23rd. Voyager customers who have been unable to access their funds since the company folded up last year may finally have something to cheer about. This follows after a recent blog post hinted that customers affected by Voyager’s bankruptcy can now withdraw their funds. According to the blog post, the 30-day window of opportunity opened on Sunday, June 25th, and would run till July 23rd. During this period, the customers can take out their trapped…
Millions of Households Eyeing Insolvency as Mortgage Crisis Looms
Millions of households in the UK are eyeing insolvency as the mortgage crisis in the country looms following the interest rate hike. The possibility of a “mortgage catastrophe” or crisis as predicted by Britain’s finance minister Jeremy Hunt has added pressure on the shoulders of the government. The British government is expected to do more for struggling households as millions of homes head toward potential insolvency. Talks about a mortgage catastrophe began after the Bank of England (BoE) hiked interest rates by 50 basis points to 5%. This increase was…
HSBC, Standard Chartered Set to Run Tokenization Trials for Singapore’s MAS
The initiative, Project Guardian, has enlisted 11 institutions to test asset tokenization across financial asset classes. Pilot studies across wealth management, fixed income and foreign exchange will be carried out by banking giants such as HSBC, Standard Chartered, DBS and Citi, according to the announcement. Source
HSBC rolls out cryptocurrency services in Hong Kong: Report
Hong Kong and Shanghai Banking Corporation (HSBC), the biggest bank in Hong Kong, has reportedly introduced its first local cryptocurrency services. HSBC Hong Kong has enabled its customers to buy and sell Bitcoin (BTC) and Ethereum (ETH)-based exchange-traded funds (ETFs), local journalist Colin Wu reported on Twitter on June 26. According to the report, HSBC will specifically offer cryptocurrency ETFs listed on the Hong Kong Exchange (HKEX). At the time of writing, HKEX lists three crypto ETFs, including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF and Samsung Bitcoin Futures…
Terra Classic Revival Plans Continue as ‘Six Samurai’ Aim to Revive LUNC Ecosystem
“LUNC has limitless upside potential, and we want to help realize it by leveraging our skills to bring value to the blockchain and all its investors in order to accomplish a true revival of the ecosystem,” Samurai Six said.“We’re here to provide value to the ecosystem on its road to revival, and we see ourselves as contributors to the Terra Classic blockchain, both as developers and long-time community members/investors,” the team added. Source
Crypto Traders Eye $6.8B in BTC, ETH Options Expiry
In other words, if bitcoin builds momentum above $30,000 as expiry approaches, dealers will buy the cryptocurrency in the spot and futures markets. That, in turn, could lead to an exaggerated price rally, often called a gamma squeeze, or sling-shot effect. On the flip side, dealers will be forced to sell on a potential decline below $30,000. Source
Crypto adoption in Cyprus beefed up by ByBit license approval
Crypto exchange Bybit has announced a license approval to operate as an exchange and custody service in Cyprus. The world’s third most visited crypto exchange will begin offering to trade between crypto and fiat currency pairs and crypto-related financial services. Cyprus is the third most populous island in the Mediterranean Sea with a population of 1.2 million people. In a press release, Ben Zhou, co-founder and CEO of Bybit explained the importance of expanding the group’s global presence, highlighting crypto’s role as a way of opting out of the legacy…
Dogecoin challenged in new era of meme coins, Alex The Doge makes their mark
Cryptocurrencies constantly evolve, and meme coins have played a major role in this transformation. Dogecoin (DOGE) is among the most popular meme coins that have gained much attention in recent years. However, the meme coin market is constantly changing, and new coins like Alex The Doge (ALEX) are now making their way to the top. Dogecoin: a steady force? Dogecoin, which started as a joke in 2013, has gained a solid following and seen considerable price gains thanks to high-profile endorsements and a passionate community. Its simplicity and the appeal…
Crypto Exchange Bybit Gains License in Cyprus
“This landmark is a testament to Bybit’s commitment to adhering to robust regulatory frameworks while expanding our global presence,” Ben Zhou, Bybit’s co-founder and chief executive officer, said in a statement. “We wholeheartedly support the regulatory objective of building a cryptocurrency industry that is both compliant, secure, and transparent.” Source