Bitcoin to $100K: What will milestone mean for derivatives markets?

November 19, 2024 Coin Telegraph

Bitcoin to 0K: What will milestone mean for derivatives markets?

Adoption

Bitcoin analysts and traders have long dreamed of a $100,000 BTC price, but what would the achievement mean for derivatives markets?

Bitcoin’s (BTC) potential climb to the $100,000 price level has captivated investors for years. While retail participants often celebrate such psychological milestones, the key impact should come from institutional adoption and advancements in the Bitcoin derivatives markets.

Bitcoin futures aggregate open interest, BTC. Source: CoinGlass

Futures open interest on Bitcoin presently totals 626,520 BTC ($58 billion), a 15% increase in two months, signaling growing interest in derivatives. If Bitcoin reaches $100,000, this open interest would hit $62.5 billion, representing 3.1% of its $2 trillion market cap. This contrasts with the S&P 500, where $817 billion in futures open interest equals only 1.9% of its $43 trillion market cap.

Massive ,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

21Shares urges EU to change ‘inconsistent’ crypto ETP rules

October 8, 2024 Coin Telegraph

21shares

The ETP issuer is asking for more clarity and consistency from what it claims is the European Union’s “patchwork” of crypto regulations.

Crypto exchange-traded product (ETP) issuer 21Shares has pushed for European Union regulators to create a unified regulatory framework for the inclusion of crypto in investment products.

On Oct. 7, 21Shares urged the European Securities and Markets Authority (ESMA) to adjust its rule to include crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) funds designed for retail investors, such as ETPs and exchange-traded funds (ETFs).

Current EU regulations for including crypto in these types of funds are inconsistent and vary across countries, causing confusion and inconsistencies for investors, 21Shares claimed.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Bank of Korea to Launch CBDC Payment Trial in Supermarkets

September 22, 2024 Bitcoin.com

Bank of Korea

South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

September 20, 2024 Bitcoin.com

Bitcoin

Bybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could enhance market sentiment and encourage both retail and institutional investors to diversify their portfolios by exploring and investing in cryptocurrencies,” he opined. Bybit’s Chris Aruliah […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Australia’s central bank launches 3-year program for wholesale CBDC

September 18, 2024 Coin Telegraph

Australia

RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.

The Reserve Bank of Australia (RBA) says it won’t be pursuing a retail CBDC anytime soon, but instead, it will focus its efforts on launching a wholesale CBDC.

In a Sept. 18 speech at the Intersekt Fintech Conference in Melbourne, RBA Assistant Governor Brad Jones presented the Australian central bank’s three-year roadmap, which focuses largely on the development of a wholesale CBDC.

Jones said the RBA’s research had found a retail CBDC offered little in the way of genuine innovation for public use in Australia, whereas a wholesale CBDC would offer several key advantages to commercial and central banks.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

UBS Urges Caution Despite Positive US Economic Data

August 18, 2024 Bitcoin.com

bitcoin.com

UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account

August 5, 2024 Bitcoin.com

Banking

Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market,” said the CEO of […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Crypto ready for next phase of adoption: Winning over financial advisers

August 1, 2024 Coin Telegraph

Bitcoin

Crypto struggles to reach beyond its base. With ETFs now live, financial advisers are key to wider adoption.

Registered investment advisers (RIAs) — the personalized financial planners that manage everyday investors’ portfolios — are now gatekeeping the next phase of crypto’s adoption.

Despite soaring valuations, crypto has struggled to reach beyond its core investor base. Even spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) — which finally launched in the United States in 2024 after years of anticipation — have yet to break the mold. The approximately $60 billion poured into the funds this year has largely come from crypto-native retail investors and hedge funds, several analysts told Cointelegraph.

To reach everyday investors — and vastly enlarge its market — crypto must win over RIAs.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

TradFi execs say crypto derivatives will play larger role in Bitcoin’s future

May 31, 2024 Coin Telegraph

bitcoin adoption

Experts say BTC and ETH derivatives will be instrumental in integrating crypto to TradFi and sending each to new all-time highs.

Bedroom crypto traders and analysts have frequently expressed concern at Bitcoin’s (BTC) inability to overcome is all-time high, but professionals from the Chicago Mercantile Exchange (CME), TradingView and TJM Institutional Services believe that the launch of a spot Bitcoin ETF will play a key role in sending BTC’s price to the highs traders dream of.

While speaking at Consensus on the role crypto derivatives will play in tomorrow’s market, TradingView general manager Pierce Crosby explained that derivatives have always been a integral part of the crypto traders’ experience, but trading at the centralized exchanges available from 2015 to 2022 meant many spot and margin traders had their “face ripped off” by high fees and slippage.

Crosby said,

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Israeli central bank official says CBDC competition with banks is good for economy

April 16, 2024 Coin Telegraph

CBDC

Bank of Israel deputy governor Andrew Abir is eager for the digital shekel to shake up commercial banks.

While the impact of central bank digital currency (CBDC) on commercial banks has often been seen as a source of concern, Bank of Israel deputy governor Andrew Abir took a contrarian view in a speech published on the central bank’s website. Let the banks scramble to compete, he said, in essence.

Years of effort to increase competition in the Israeli banking sector have paid off in a variety of ways, but “we still have a long way to go,” Abir said. As the Bank of Israel raised interest rates to combat inflation, banks raised interest rates on credit, but the rise in deposit rates was “partial and slow.” He added:

The design of the digital shekel includes an option to pay interest on it. Abir confidently declared that the digital shekel, which is still in its planning stages, would enjoy public support:

retail

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