Day: July 6, 2023

Demand for bitcoin options contracts surges as investors seek risk-defined exposure: Glassnode

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Financial market investors are increasingly turning to risk-defined derivative instruments, as evidenced by the surge in demand for bitcoin options contracts, with open interest nearing its all-time high. On-chain data reveals distinct bitcoin market signatures According to Glassnode, an on-chain data provider, the demand for bitcoin (BTC) options contracts has witnessed a remarkable surge, with open interest reaching $13.8 billion, coming close to its all-time high of $15.1 billion.  This remarkable increase suggests investors actively seek…

Celsius founder Alex Mashinsky broke US rules, say CFTC investigators: Report

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Investigators from the Commodity Futures Trading Commission have reportedly concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the company collapsed. According to a July 5 report from Bloomberg, citing sources familiar with the matter, the attorneys from the CFTC’s enforcement division found that Celsius misled investors, failed to register with the appropriate regulator, and that Mashinsky broke a number of regulations. The CFTC could reportedly file a case against the collapsed crypto lender in U.S. federal court sometime this month, if the majority…

BlackRock CEO Larry Fink Is Pro-Bitcoin, Calls It An International Asset

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BlackRock CEO Larry Fink has taken a friendlier stance towards Bitcoin and the broader crypto space.  Fink described Bitcoin as an international asset that he would like to democratize. BlackRock is looking to work closely with regulators in the U.S. to further Bitcoin adoption through a spot BTC ETF.  Larry Fink previously dismissed Bitcoin calling it a tool for money laundering.  Larry Fink, the man behind the world’s largest asset manager, has taken a rather friendly stance towards Bitcoin and the broader crypto space. As the Chief Executive of BlackRock…

On-chain derivatives are DeFi’s next boom opportunity — Apollo Capital

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On-chain derivatives are set to become the next big growth sector in the decentralized finance (DeFi) space, says Henrik Andersson, the chief investment officer of Australian crypto investment firm Apollo Capital. In a wide-ranging interview with Cointelegraph, Andersson said he thinks the increasing popularity of decentralized spot trading will inevitably lead to outsized demand for decentralized derivatives. “The first decentralized spot exchanges were launched roughly six years ago. Decentralized perpetuals and futures trading is much newer, so there is a high growth opportunity to be had with on-chain derivatives.” Andersson…