Many of Goldman Sachs’ largest clients are ramping up their activity in the crypto space following spot bitcoin exchange-traded fund (ETF) approvals and BTC price recovery. “The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said Goldman Sachs’ Asia Pacific head of digital assets. Goldman Sachs’ Clients Getting Active […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Tag: Crypto
Bitcoin Next Stop $80,000? Crypto Analyst Sees BTC Soaring Ahead Of 2024 Halving
As the crypto market braces for the upcoming Bitcoin (BTC) halving in April 2024, the discussion surrounding Bitcoin’s price trajectory has continued to gain momentum. Particularly, Michaël van de Poppe, a well-regarded figure in the crypto analysis domain, has shared his latest analysis on Bitcoin. Next Stop $80,000? In a post shared on X, Van de Poppe suggests that Bitcoin is on the cusp of a notable rise, eyeing a target range between $75,000 to $80,000 in the lead-up to the halving event. This prediction is based on the current…
Deribit anticipates $15b in crypto options to expire this week
Crypto options exchange Deribit is poised for a record-breaking week with over $15 billion in options set to expire for Bitcoin and Ethereum. The statement highlighted that “over USD 15 billion in options notional open interest (OI) will expire this week,” marking a historic event in Deribit’s operational history. This Friday is poised to witness one of the platform’s largest expirations of options contracts. The expiration includes $9.5 billion in BTC options open interest out of $26.3 billion and $5.7 billion in ETH options open interest out of $13.2 billion,…
Crypto Stocks Like MicroStrategy (MSTR), Coinbase (COIN) Could Shoot Up if Short Sellers Exit
“These crypto related stocks are extremely crowded and very squeezable relative to the U.S. market, with an average Crowded score of 57.34 versus the street average of 32.41 and an average Squeeze score of 78.69 versus the street average of 34.41,” the report said, adding that “MSTR, COIN and CLSK are the most squeezable names in the sector.” Source
UK Ad Rules Apply to Influencers, Crypto Memes, FCA Confirms in New Guidance
The guidance is based on the FCA’s promotions regime, which says that a business should not communicate an “invitation or inducement to engage in investment activity” unless the promotion is communicated by an authorized person or a person with an exemption. This includes influencers who are operating in the “course of business, which could mean they are employed or have a commercial interest in posting the communication, the guidance said. Source
Shiba Inu Climbs To Second Spot In Crypto Searches As SHIB Rallies
The ever-vibrant Shiba Inu community is thriving once more as SHIB gains widespread recognition surpassing top cryptocurrency assets in the market to become the second most sought-after digital asset in the entire European continent, securing its stance in the crypto landscape. Shiba Inu Takes Europe By Storm XRP enthusiast and market expert Marcel Knobloch, also known as Collin Brown, reported the coin’s latest milestone on X. According to Brown, Shiba Inu has seen significant growth in its long-term investor base, taking Europe by storm by becoming the second most search…
KuCoin Crypto Withdrawals Spike to $1B after DOJ, CFTC Clampdown
Some users complained about delays in withdrawals, spurring concerns about the exchange’s health. Blockchain data, however, showed that outgoing transactions from KuCoin were processed, with the delays most likely due to the pent-up withdrawal requests. Source
Amid Giant Crypto Rally, Hopes for Another DeFi Summer Soar
Because the crypto industry remains relatively small, there’s simply not enough capital to lend to people who are bullish and, as a result, they don’t mind borrowing at high rates. While institutions are clearly interested in crypto, they are not actually filling gaps in market demand, Vogelsang pointed out. “A money market off-chain wouldn’t yield 12% just because there’s a lack of supply; someone would fill it. On-chain, that’s not the case,” he said. “It’s a sign of immaturity in that way.” Source
Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint
“We went through a full discovery process in which Katena produced everything according the panel’s orders, in which Coinmint avoided producing everything,” said Michael Gao, a founder and partner at Katena. “We both had the opportunity … to hire expert witnesses, obviously to defend our case. Cointmint did hire their own expert witness and they had the opportunity to review all of our technical plans, as well as anything in our due diligence report. So they had full access to basically all of the materials produced in discovery.” Original
TRM Labs Says Illicit Funds in Crypto Shrank 9% in 2023; Criminals Still Handled $34B
Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled nearly $35 billion worth of cryptocurrencies, blockchain analytics firm TRM Labs found. Source