Month: July 2024

Europe’s Top Derivatives Exchange Targets $400B Ethereum Market with New Instruments

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Deutsche Boerse-backed Eurex adds support for Ethereum to crypto derivatives list

German derivatives exchange Eurex has announced the expansion of its portfolio, listing Ethereum-based futures and options index. Eurex Exchange, a German derivatives exchange known for trading European-based derivatives, has announced the listing of Ethereum-based index products, citing a “significant trading and hedging demand from institutional and professional customers.” In a Thursday announcement, the Deutsche Börse-backed derivatives exchange unveiled that its new product, FTSE Ethereum Index Futures and Options, is set to launch on Aug. 12, following the 2023 introduction of FTSE Bitcoin Index Futures and Options. “There is significant trading…

Bitcoin Price Set To Skyrocket To $750,000, Says Expert

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In a forecast shared via a YouTube video, Joe Burnett, Senior Product Marketing Manager at Unchained Capital, articulates a strong case for Bitcoin reaching a valuation of $750,000. According to Burnett, the market may be substantially underestimating Bitcoin’s potential this cycle, often losing sight of its broader context within the global financial ecosystem. Why Bitcoin Could Soar To $750,000 Burnett begins by addressing a common oversight in market analysis, which typically juxtaposes Bitcoin’s current cycle against historical performances without accounting for its evolving market context. “I think it’s possible that…

Spot BTC ETF inflow plunged 87%, crypto market faces correction

The cryptocurrency market has witnessed a notable correction after a significant decrease in the Spot Bitcoin ETF inflows in the U.S. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded $53.3 million in inflows on July 17, showing an 87% decrease from July 16. This is the lowest amount of net inflows for the investment products since July 5. Data shows that the iShares Bitcoin Trust (IBIT) alone saw $110.4 million in inflows. The Fidelity Wise Origin Bitcoin Fund (FBTC) also brought $2.8 million…

Here Are The Key Drivers of the Current Rally

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Bitcoin price has rallied above the $64,000 mark. Glassnode, a market intelligence platform, has analyzed this notable increase, which attributes the current price movement to a significant easing of sell-side pressure, particularly from the German government. Exhaustion of Sell-Side Pressure According to the on-chain data provided by Glassnode, the recent uptick in Bitcoin’s price is largely due to what they describe as the “complete exhaustion” of sell-side forces, particularly those stemming from the recent governmental actions. German government balance. | Source: Glassnode Over the past weeks, the German government has…

Polygon Sets September Date for Migration to POL Token from MATIC

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Crypto Exchange WazirX Sees $230M in Suspicious Withdrawals, Largely $100M in SHIB Token

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Someone is Trying to Steal Mt. Gox Users’ Bitcoin (BTC) Amid Repayments

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

FET Surges 12% Ahead Of ASI Token Merger Phase 2, Can It Hit $5?

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The now-rebranded Fetch.AI (FET) regained the $1.4 price range amid the market recovery and is currently testing the $1.5 resistance level. Over the weekend, the AI token saw a nearly 40% recovery and seems to be preparing for a breakout. Market watchers have predicted short and long-term targets for the token after the Artificial Superintelligence Alliance (ASI) token merger. FET Drops 23% Amid Market Retrace This month, the Artificial Superintelligence Alliance kicked off phase 1 of the ASI token merger process. The process began with rebranding Fetch.AI’s name and logo…