Day: August 27, 2024

Nasdaq files for SEC approval to launch Bitcoin index options

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Nasdaq just filed with the U.S. Securities and Exchange Commission to list and trade Bitcoin Index Options. These options will track the price of Bitcoin (BTC) represented by the CME CF Bitcoin Real-Time Index, according to a press release. These options aim to provide increased transparency and reliability to the crypto market. Pending regulatory approval, this initiative would allow investors to better manage and hedge their crypto positions, thereby enhancing liquidity and maturity within this digital asset class. Bitcoin index options The options will feature European-style exercise and cash settlement,…

Bitwise to acquire assets of Osprey Funds’ Bitcoin Trust

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Crypto index fund manager Bitwise is set to acquire the assets of its rival, Osprey Bitcoin Trust. Bitwise, the largest crypto index fund manager in the U.S., announced in a press release on Aug. 27 that it has entered into an asset purchase agreement with Osprey Funds to acquire the assets of the Osprey Bitcoin Trust. While the financial details of the transaction were not disclosed, OBTC unitholders under the terms of the deal will receive BITB shares in a liquidating distribution, with no changes expected for existing BITB holders.…

French Court Extends Telegram CEO Pavel Durov’s Police Custody

French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on Saturday at Le Bourget airport amid a judicial investigation launched last month concerning 12 alleged […] Source CryptoX Portal

4 reasons why Bitcoin price could rise to $68k

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Bitcoin price has retreated for two consecutive days as last week’s momentum in the crypto and stock market faded. Bitcoin (BTC) retreated from Sunday, Aug. 26 high of $64,960 to $62,300. Still, there are four main reasons why the coin may stage a comeback and retest the important resistance point at $68,000. Futures open interest is rising Third-party data shows that demand for Bitcoin in the futures market is making a strong comeback. Data from SoSoValue suggest that interest jumped to $34.7 billion on Aug. 26, its highest point since…

Crypto Experts Believe Greatness Is On The Way For Mpeppe (MPEPE) and Husky Inu (HINU)

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Certain projects stand out for their potential to achieve greatness. Two such projects, Mpeppe (MPEPE) and Husky Inu (HINU), are rapidly gaining recognition among crypto experts. These tokens are not only capturing the interest of investors but are also being hailed as future stars in the digital asset space. Here’s why experts believe that greatness is on the horizon for Mpeppe (MPEPE) and Husky Inu (HINU). Mpeppe (MPEPE): A Revolutionary Approach to Community and Wealth Creation Mpeppe (MPEPE) is far more than just another memecoin; it represents a movement that…

New ATH? Expert Says PEPE Poised For ‘Humongous’ Breakout

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Pepe Coin is attracting the attention of analysts and crypto enthusiasts with the meme coin’s recent performance. Over the last week, PEPE surged 8%, amid developments in the market and growth in investor confidence. Related Reading According to crypto price prediction platform CoinCodex, PEPE is going to surge upward by 226%, which takes PEPE price to $0.00002804 by September 26, 2024. These are very bullish forecast helped along by analyses that indicate PEPE could be signaling a “humongous” breakout, according to crypto analyst The Crypto Titan. $PEPE 👋 (daily) #pepe…

As Pepe Unchained (PEPU) Hits A New Milestone Investors Join Mpeppe (MPEPE) Presale For Even More Gains

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The cryptocurrency market is buzzing with excitement as Pepe Unchained (PEPU) recently reached a significant milestone, further solidifying its position as a major player in the meme coin space. As investors celebrate this achievement, many are also turning their attention to Mpeppe (MPEPE), a new and promising presale that is drawing significant interest for its potential to deliver even greater gains. Here’s why investors are eager to get in on the Mpeppe (MPEPE) presale and how it complements the success of Pepe Unchained (PEPU). Pepe Unchained (PEPU): Celebrating a New…

Polymarket Bettors: Telegram CEO Pavel Durov Faces 78% Chance of Release by October

CoinspeakerPolymarket Bettors: Telegram CEO Pavel Durov Faces 78% Chance of Release by October Telegram CEO Pavel Durov’s legal issues have drawn considerable attention in both legal and crypto communities. After his arrest on August 24, 2024, at Le Bourget airport near Paris, Durov remains detained amid a broad investigation. The investigation involves severe allegations like money laundering, drug trafficking, and child exploitation, though French prosecutors have not yet filed formal charges. Source: Polymarket Market analysts and bettors are closely monitoring the situation. Polymarket participants are split on Pavel Durov’s potential…