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Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CryptoX that institutional investors’ preference for BTC represented “the safest choice in a bear market.” He noted that Ethereum’s upcoming protocol updates might be raising concerns about an increased “risk of things going wrong,” and added that the Shanghai hard
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Bitcoin (BTC) struggled to maintain bullish momentum on Jan. 30 as the countdown to the monthly close kept the market nervous.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price sees flash dip below $23,000Data from Cryptox Markets Pro and TradingView showed BTC/USD coming off its latest highs at just below $24,000
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The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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While futures have flipped into premium, the "term structure" remains in backwardation, signaling caution among institutions. Source
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Derivatives marketplace CME Group is planning to launch reference rates and real-time indices for three metaverse crypto assets, allowing investors to track pricing data more reliably using a methodology commonly used in traditional finance. Beginning Jan. 30, CME Group and CF Benchmarks will launch reference rates for Axie Infinity (AXS), Chiliz
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Poor market sentiment and an extreme lack of volatility were the likely culprits behind the declines. Original Source
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“These three new benchmarks, together with Uniswap launched earlier this year, will capture more than 40% of the total value locked in [decentralize finance] protocols on the Ethereum blockchain,” said CME Group’s head of cryptocurrency products, Giovanni Vicioso. Source
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According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive said his end goal was to
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The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs. Source
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According to a recent report, the world’s largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Group’s decision follows the digital currency exchange FTX, as the crypto company applied to become a derivative clearing organization and awaits approval from the U.S. Commodity
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