“One popular strategy among traders is to sell out-of-the-money call options at higher strike prices, like the $80,000 mark set for the end of May. These strikes are beyond the current high range and are less likely to be exercised, allowing traders to collect premiums while reducing their risk exposure,” Wintermute said in a note shared with CoinDesk. Source
When the Titanic hit an iceberg in 1912, an officer told Astor he couldn’t join his wife on a lifeboat until all women and children were safe. A week later, Astor’s body was found in the water, along with his possessions – a 14-karat “Gold watch, cuff links gold and diamond, diamond ring,” and a “gold pencil,” the report said. Source
Ukrainian national, Yaroslav Vasinskyi, also known as Rabotnik, has been sentenced 13 years and seven months in prison for his role in conducting over 2,500 ransomware attacks and demanding over $700 million in ransom payments, the Department of Justice announced Wednesday. Source
On Wednesday, GBTC witnessed the second-largest outflow of $167.4 million, followed by ARKB’s $98.1 million and IBIT’s $36.9 million. Other funds also bled money even though Powell’s net-dovish approach put a floor under risk assets, including bitcoin. A dovish stance is one where the central bank prefers employment and economic overgrowth over excessive liquidity tightening. Source
His four-month sentence was vindication for the Binance founder’s legal strategy. Source
INTERSUBJECTIFYING THE FORKIFICATION: The Ethereum restaking project EigenLayer, whose plan to repurpose the Ethereum blockchain’s security to hordes of additional protocols has prompted systemic risk warnings from Vitalik Buterin himself, released a 43-page whitepaper on its forthcoming EIGEN token – more than twice as long as the original 19-page whitepaper on EigenLayer. To address the concerns, the project, led by the sesquipedalian computer engineer Sreeram Kannan, came up with a new plan for something called “intersubjective forking.” The purpose of this mechanism would be to take care of “instances of…
The summer months, between June and September, have historically brought significantly lower investor returns than other months of the year, says André Dragosch, head of research at ETC Group. Source
An SEC approval for spot ETH ETFs looks unlikely but even if the SEC approves exchange traded funds for Ether, investors should learn about total return ETH investment products. That way, they can gain from staking rewards as well as the underlying asset, says Jason Hall, the CEO of Methodic Capital Management. Source
The bank notes that headlines around the Hong Kong spot ETF launch were also poor, as attention was focussed on the turnover volume of $11 million “rather than the net asset position of the new ETFs which was pretty good.” Risk assets such as cryptocurrencies, which thrive on liquidity, are also facing increasing macro headwinds, the bank said. It noted that broader liquidity measures in the U.S have deteriorated sharply since mid-April. The bank advises buying bitcoin if it reaches the $50K-$52K range or if U.S. CPI on the 15th,…
BlackRock and Securitize last month teamed up to create the BlackRock USD Institutional Digital Liquidity Fund, which may prove to be geared toward RWA tokenization. Source