Creditors of the bankrupt cryptocurrency exchange FTX have filed an objection to the platform’s proposed reorganization plan, citing its failure to meet certain requirements of the Bankruptcy Code. According to a tweet by FTX creditor activist Sunil Kavuri, the objection argues that the reorganization plan ignores property rights issues, does not satisfy the best interest...Read More
California-based med-tech company Semler Scientific has announced purchasing an additional 247 BTC for an aggregate of $17 million in cash, inclusive of fees and expenses. As of June 6, 2024, Semler holds a total of 828 bitcoins, which were acquired for an aggregate of $57 million, inclusive of fees and expenses. Preps $150M Bitcoin Warchest...Read More
GameStop and its stock price have been the talking point of many crypto-centric and traditional finance communities throughout the past few days – not without reason. GME’s price went on a massive rollercoaster this week, soaring by 130% and plummeting by 55% shortly after. Many financial experts have chipped in with opinions, one of whom...Read More
Following the recent rally of the broader crypto market, a large percentage of the circulating supply of most cryptocurrencies is currently in profit. Market intelligence platform Santiment has revealed that bitcoin (BTC) and ether (ETH) are the top dogs in terms of long-term investment profitability, surpassing assets like Chainlink (LINK), Dogecoin (DOGE), Ripple (XRP), and...Read More
Friday’s NFP release will be a pivotal event in shaping market sentiment and determining the near-term trajectory of Bitcoin and other cryptocurrencies, according to Bitfinex analysts. In a statement to CryptoPotato, the macroeconomic dynamics, including the ECB’s rate cut and the potential for increased liquidity, add further complexity to the equation, making it crucial for...Read More
dWallet Network has announced expanding its technology to the Layer 1 blockchain network, Aptos. This move aims to introduce Zero Trust Protocols (ZTPs) with inherent multi-chain interoperability capabilities to the decentralized finance (DeFi) and gaming ecosystems on Aptos. By incorporating dWallet’s Zero Trust architecture, ZTPs developed on Aptos will be able to seamlessly sign transactions...Read More
[PRESS RELEASE – Georgetown, Cayman Islands, June 7th, 2024] DeFi.Gold, a leading decentralized exchange (DEX) and NFT marketplace on the Bitcoin blockchain, announces a strategic alliance with Babylonchain. This integration, available by Q4 2024, will allow DeFi.Gold users to stake Bitcoin (BTC) and earn native yields on other blockchains supported by Babylon, directly on the...Read More
Around $2.25 billion in notional value cryptocurrency options contracts will expire on June 7. Roughly 18,000 Bitcoin options contracts are among them, and these have a notional value of $1.25 billion. Today’s crypto options expiry event is a lot smaller than last week’s end-of-month contract expiry so impact on spot markets is likely to be minimal....Read More
On 11 June 2024 at 04:00 UTC, we will be listing new quarterly futures on BitMEX. The new contracts are already visible on the platform now as Unlisted. Please see the table below for the listing and settlement dates of current and upcoming futures contracts for Q3 2024. The new contracts and updated contract specs...Read More
Wrestling legend Hulk Hogan is alleged to have promoted a Solana-based meme coin named HULKAMANIA (HULK) online and then deleted the posts, leading to a decline in the token’s market value. The meme coin’s market capitalization dropped from $17 million to $2 million in a matter of minutes. Hulk Hogan Denies Promotional Posts As reported...Read More
Almost $220 million was once again poured into the spot Bitcoin ETFs yesterday, June 6, thus extending the consecutive inflow streak to 18 trading days in a row. BlackRock’s IBIT had given up its first place in terms of daily inflows but saw $350 million inserted yesterday, while the former leader – Fidelity’s FBTC –...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) The dollar-yen exchange rate is the most important macroeconomic indicator. In my last essay, “The Easy Button,” I wrote...Read More
