“The big impact, however, is [from] the gamma positioning of dealers into the event. Dealers are short some $50 million of gamma, with the majority focused at around the $70,000 strike. As we near the expiry, that gamma position gets larger and the forced hedging will exacerbate volatility around $70,000, providing for some wholly, choppy moves either side of the said level,” Brickell told CoinDesk. Original
Eight potential issuers, including BlackRock, have submitted filings with the SEC to bring a spot ether exchange-traded fund (ETF) to the market. The final decision by the regulator is due in May, with industry experts predicting that applications won’t get approved, regardless of what the SEC finds the nature of ether to be. Source
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KuCoin users have withdrawn a massive amount of Ethereum (ETH), USDT and USDC from the exchange over the past 24 hours. According to data provided by Coinglass, KuCoin witnessed a total of over $350 million in withdrawals over the past day: 19,722 ETH (worth $70.2 million), 275.3 million USDT, and $4.5 million USDC. The massive withdrawals come almost a day after two KuCoin founders, Chun Gan and Ke Tang, faced money laundering charges from the U.S. Department of Justice. U.S. Attorney Damian Williams claimed that KuCoin processed over $5 billion…
The crypto market began the week in the green as traders cheered BlackRock’s foray into asset tokenization and the beginning of the global central bank easing cycle. Bitcoin (BTC), the world’s largest digital asset, traded at $67,000, up 3% on a 24-hour basis, and ether traded 2.3% higher above $3,400. The CoinDesk 20 (CD20), a measure of the most liquid cryptocurrencies, was up around 3.2% at press time. Bradley Park, an analyst at CryptoQuant, attributes the gains to the market digesting BlackRock’s fund targeting tokenized products (BUIDL) on Ethereum. Other…
“Even though a market correction seems long due, the medium term looks pretty upbeat for equities, residential real estate, gold, bitcoin, etc., if this is the case. From this angle, it is unsurprising that #equities and #gold already made fresh all-time highs,” founder and manager of the Blokland Smart Multi-Asset Fund, said on X, explaining the onset of the global easing cycle. Original
In recent weeks, Cryptox.trade News has chronicled the significant number of dormant bitcoin addresses that have sprung to life in March after years, if not a decade, of inactivity. Similarly, we’ve observed a resurgence of activity from older ethereum addresses. This Saturday highlighted a noteworthy event: an individual who took part in the Ethereum initial […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin (BTC) experiences a sharp decline to $63k and Ethereum (ETH) halts its bull run, investors are shifting their focus to the Kelexo (KLXO) presale, drawn by its features and potential. Recent bearish market moves have seen Bitcoin’s (BTC) value fall sharply to $63k. The popular crypto token, alongside Ethereum (ETH), has been a major winner in the recent crypto market boom that saw both tokens rise to…
BlackRock ushered in a bullish optimism within the digital assets market in January when it got approval to offer the Bitcoin Bitcoin Fund (IBIT) to investors, which in less than two months of trading, became one of the top five ETFs overall in the market. The fund has attracted $15 billion in assets, significantly more than any of the other nine funds. Source CryptoX Portal
“It is very difficult to know, from what has been publicly disclosed thus far, the nature of the government inquiry that has been sent to the Ethereum Foundation or whether the Foundation is the target of that investigation,” Preston Byrne, managing partner of Byrne & Storm, P.C., told CoinDesk in an email. Source