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Institutional investors bet big on Solana while BTC outflows persist

Institutional investors are loading up on Solana (SOL), with one-third of inflows to crypto investment products being invested in instruments tracking Solana this past week.According to CoinShares’ Aug. 23 Digital Asset Fund Flows Weekly report, $7.1 million flowed into Solana investment products between Aug. 15 and Aug. 20.While the price

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Cardano, Polkadot Market Caps Surpass XRP as Some Bet on Alternatives to Ethereum

Cardano (ADA) and polkadot (DOT) are now fourth- and fifth-most valued crypto assets, respectively, after they both surpassed XRP in market capitalization earlier Monday. That’s due to the recent rally in decentralized finance (DeFi) and the increased cost of using the Ethereum blockchain. According to data from analytics site Messari, cardano’s

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ErisX Exchange Asks CFTC to Approve Sports Bet Futures as ‘Risk Hedging’ Tools

Cryptocurrency derivatives platform ErisX is making an unusual attempt to push through futures contracts tied to the outcome of National Football League (NFL) games.According to a report from Bloomberg on Tuesday, ErisX formally asked the Commodity Futures Trading Commission (CFTC) in mid-December to give the green light to its gambling-linked

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Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet on Sub-$800 Ether

Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum.Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours.Bitcoin’s 24-hour range: $30,305-$38,947 (CryptoX 20)BTC above

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Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot Bet

Bitcoin (BTC) trading around $28,775 as of 21:00 UTC (4 p.m. ET). Gaining 7.3% over the previous 24 hours.Bitcoin’s 24-hour range: $26,796.90 to $28,969.90 (CryptoX 20)BTC above its 10-hour and 50-hour moving averages, a bullish signal for market technicians.Another day, another all-time high in bitcoin as the cryptocurrency changed hands

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