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Bitcoin Smashes $59,800 as $212M in Liquidations Rattle Traders

Bitcoin Smashes ,800 as 2M in Liquidations Rattle TradersThe crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday. Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per coin. This rapid climb on Aug. 8 resulted in $212.59 million in derivatives liquidations across the entire crypto market within the last day. Crypto Economy […]

Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

Crypto Carnage: $1.15B in Leveraged Positions Annihilated as Bitcoin Nosedives

Crypto Carnage: .15B in Leveraged Positions Annihilated as Bitcoin NosedivesAs of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately $403.82 million came from BTC positions, while $364.98 million resulted from ETH positions being liquidated. Mass Liquidation Madness On Monday morning, the crypto market faced […]

Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

Traders Piling Into Bullish Bitcoin Bets for 2024 US Election, According to Analytics Firm Kaiko

Traders Piling Into Bullish Bitcoin Bets for 2024 US Election, According to Analytics Firm Kaiko

New data from crypto analytics firm Kaiko reveals that traders are flocking toward bullish Bitcoin (BTC) bets for the upcoming presidential election. In a new paper, the Kaiko team finds that derivatives traders are placing tens of millions of dollars worth of bullish BTC bets on crypto options exchange Deribit’s new election contracts. “Options traders […]

The post Traders Piling Into Bullish Bitcoin Bets for 2024 US Election, According to Analytics Firm Kaiko appeared first on The Daily Hodl.

Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

Bybit Rises to Second Place in Global Crypto Exchange Rankings, Kaiko Report Reveals

Bybit Rises to Second Place in Global Crypto Exchange Rankings, Kaiko Report RevealsAccording to a recent report by Kaiko, Bybit has surged to become the world’s second-largest cryptocurrency exchange by volume, overtaking Coinbase and closely trailing Binance. This climb is attributed to significant increases in market share following the launch of spot bitcoin exchange-traded funds (ETFs) in the United States. Bybit Climbs Crypto Exchange Ladder The report […]

Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

Ahead of Ether ETFs Debut, Bitmex Introduces 200x Leverage for Ethereum

Ahead of Ether ETFs Debut, Bitmex Introduces 200x Leverage for EthereumOn June 5, 2024, the crypto derivatives exchange Bitmex announced it is offering 200x leverage for ethereum perpetuals ahead of the U.S. ether exchange-traded funds (ETFs) trading debut. Bitmex Ramps Up Ethereum Trading With 200x Leverage Offering According to a social media post on X published Wednesday, Bitmex is introducing 200x leverage perpetuals for ethereum […]

Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

Luxor and Bitnomial launch Bitcoin mining derivatives product

The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.

Bitcoin (BTC) mining firm Luxor Technology Corporation and Bitnomial Inc. have launched a Bitcoin mining derivative product on Bitnomial’s United States derivatives exchange. 

On May 28, Bitnomial announced the launch of Hashrate Futures, a derivative futures contract for trading the computing power of the Bitcoin blockchain.

Bitnomial claimed the product, trading under the ticker HUP, offers a way for miners to hedge their revenue and for investors to gain exposure to the Bitcoin mining hash rate.

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Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

Antonio Juliano steps down as CEO of dYdX

The decentralized exchange is now led by Ivo Crnkovic-Rubsamen, a former trader and dYdX chief strategy officer.

The founder of the decentralized exchange dYdX is stepping down as CEO after seven years of heading the crypto derivatives platform.

In a May 13 blog post, Antonio Juliano announced his decision to move from the exchange's daily operations to the position of chairman and president. "I’m stepping down as CEO of dYdX Trading In., transitioning to Chairman & President," wrote Juliano.

The company is now led by Ivo Crnkovic-Rubsamen, dYdX’s former chief strategy officer. According to his LinkedIn profile, Crnkovic-Rubsamen is a former trader who has worked at the decentralized exchange since 2022.

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Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

US lawmakers urge SEC to approve Bitcoin options trading

Representatives Mike Flood and Wiley Nickel urged the SEC's chair Gary Gensler to stop discriminating against Bitcoin funds in a letter.

United States lawmakers are reportedly pressing the Securities and Exchange Commission to approve options trading on Bitcoin exchange-traded products (ETPs). 

According to a report by Axios, Representatives Mike Flood and Wiley Nickel recently wrote a letter to the Commission’s chair, Gary Gensler, urging the SEC to stop discriminating against crypto funds.

"We urge you, without delay, to approve options on spot Bitcoin ETPs or to provide an explanation for the Commission’s difference in treatment between options for Bitcoin futures ETFs — which are currently trading — and options for the spot Bitcoin ETPs,” reads the bipartisan letter.

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Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

Cboe reorganization will merge or eliminate digital arm’s activities

The exchange is optimizing operations after acquiring ErisX on the eve of crypto winter and expects to save millions.

Equity exchange network Cboe Global Markets has announced plans to reorganize its digital assets trading operations, including eliminating its digital spot market.

Cboe said it will remove digital asset derivative trading from Cboe Digital and integrate it into its Global Derivatives and Clearing businesses. The Cboe Digital Spot Market will close in the third quarter of 2024. The exchange will move cash-settled Bitcoin and Ether futures contracts from the Cboe Digital Exchange to the Cboe Futures Exchange in the first half of 2025, subject to regulatory review and “certain corporate approvals.”

The Cboe Digital clearing arm, Cboe Clear Digital, will be “aligned” with Cboe Clear Europe under the unified leadership of Cboe Clear Europe president Vikesh Patel. The exchange said in a statement that:

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Court prolongs Tornado Cash developer Pertsev’s pre-trial detention