Sam Bankman-Fried's Wildest, Craziest, Dumbest Trades Source
Sam Bankman-Fried's Wildest, Craziest, Dumbest Trades
Tag: Trades
First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price
Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold. Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows. BITO, GBTC trade $2.5 billion Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted BTC price action — the surrounding ecosystem has benefitted in kind. In addition to exchanges and mining firms, embattled institutional investment options are also seeing a resurgence in demand. As noted by…
Bitcoin’s (BTC) Surging Perpetual Funding Rates Make Arbitrage Trades Attractive
The difference, represented by funding rates (that is, the cost of holding long/short positions in perpetual futures, also called perp premium), has surged above an annualized 10% across major exchanges, including Binance, according to Velo Data. Positive funding rates mean buyers, or longs, pay shorts to keep their leveraged bullish bets open. Original
Bitcoin price trades near key $31.7K pivot point — Can BTC bulls keep up the volume?
Bitcoin (BTC) price pushed above the $31,000 mark on Oct. 23, notching a near 4-month high last seen when BTC price traded at $31,800. The fresh upside push comes as analysts and investors express their excitement over new developments which could point to the impending launch of a spot Bitcoin ETF. So two things caught my eye from the latest iShares (Blackrock) S-1 amendment:– They’ve obtained a CUSIP in prep for a launch– They may be looking to seed with cash this month (which is earlier than I would’ve thought,…
Hack Saga Linked to Sam Bankman-Fried’s FTX Deepens as THORSwap Pauses Trades
“Yesterday, following a careful evaluation of the situation and consultation with advisors, legal counsel, and law enforcement, the decision was made to temporarily transition the THORSwap interface into maintenance mode,” THORSwap developers said in a tweet. Source
Hack Saga Linked to Sam Bankman-Fried’s FTX Deepens as THORSwap Pauses Trades
CryptoX – Cryptocurrency Analysis and News Portal “Yesterday, following a careful evaluation of the situation and consultation with advisors, legal counsel, and law enforcement, the decision was made to temporarily transition the THORSwap interface into maintenance mode,” THORSwap developers said in a tweet. Original Source The post Hack Saga Linked to Sam Bankman-Fried’s FTX Deepens as THORSwap Pauses Trades appeared first on CryptoX. CryptoX Portal
Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
A number of cryptocurrency platforms reporting billions of dollars in daily trades on CoinMarketCap appear to have been misleading their customers about holding certain crypto licenses, an investigation by Cointelegraph has found. Bitspay, a crypto exchange that reports a $1.4 billion daily trading volume on CoinMarketCap, claimed it held a license in Estonia, and is regulated under Estonian law. However, after Cointelegraph reached out with questions about this license, the company swiftly erased its reportedly fake license data. At the time of writing, Bitspay is the fourth-largest crypto exchange by…
Crypto Whale Trades $150M in Ether (ETH) Call Options, Data Tracker Greeks.Live Shows
The large flow was concentrated in the so-called out-of-the-money (OTM) calls at strike levels well above ether’s current market price of $1,633. Whales blocked over 40,000 contracts of ETH December expiry call at $2,200 and nearly 50,000 contracts of October expiry call at $2,000. A block trade is a large transaction negotiated over-the-counter of outside of the exchange’s order book to ensure minimum impact on the market price of the asset. Block traders are considered a proxy for institutional activity. Source
MetaMask introduces Ethereum to fiat trades
MetaMask Portfolio has introduced a new “sell” feature, allowing users to convert their Ethereum holdings into select fiat currencies. MetaMask, known for its digital wallet services, has rolled out a “sell” feature that enables users to convert their Ethereum (ETH) holdings into certain fiat currencies. This addition comes after MetaMask had already integrated a “buy” function, and the cash-out option currently supports conversions into US dollars, euros, and British pounds. So far, the feature only accommodates ETH on the Ethereum mainnet. MetaMask has alluded to plans to widen this service…
NFT trades surge as the average sale price hikes
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Non-fungible token (NFT) sales have witnessed a significant surge after taking a downward curve between Aug. 25 and 29. According to CryptoSlam, NFT sales grew by 36.5% in the past 24 hours, reaching roughly $14.25 million. Per the data aggregator, the total trades are still down by 19% from its local top of $17.61 million on Aug. 17. Moreover, the total number of transactions and the average sale have also registered 9.05% and 32.33% hikes. Per…