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Investor interest in the bitcoin options market increased, with the cryptocurrency nearing record highs in the lead up to Tuesday’s launch of the first-ever U.S.-based bitcoin futures exchange-traded fund (ETF).Bybt data shows that the cumulative dollar value of bitcoin options contracts open on major exchanges rose to $14 billion on
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Prior to the launch of the Proshares Bitcoin Strategy ETF (BITO), open interest in bitcoin futures products has been surging since the start of the month, according to data from the Coinbase Institutional arm Skew Analytics. Binance and FTX command the lion’s share of bitcoin futures’ open interest with 40.67%
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The amount of money locked in the bitcoin futures contracts on the global derivatives giant Chicago Mercantile Exchange (CME) surged to record highs on Friday as the U.S. Securities and Exchange Commission (SEC) greenlighted futures-based exchange-traded funds (ETF) tied to the cryptocurrency. Source
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Open interest (OI) for Bitcoin (BTC) Futures trading on the Chicago Mercantile Exchange (CME) inched toward a new record high Thursday as BTC reclaimed its five-month high of $58,550 on BitStamp.The total number of outstanding derivatives contracts on CME Group's Bitcoin Futures market reached $3.22 billion, according to data provided
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Jersey, Channel Islands-based digital-asset investment firm CoinShares is planning to integrate its crypto technology stack for a new Swiss digital bank following an $11.8 million strategic investment.CoinShares bought 110,000 shares of FlowBank, a financial institution established in 2020 and licensed by the Swiss Financial Market Supervisory Authority. Total shares purchased
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In the midst of a fraught period for some high-profile United States crypto firms and financial regulators, Kraken’s chief legal officer (CLO) is calling for a dose of pragmatism going forward.Speaking on Bloomberg’s “QuickTake Stock” broadcast on Thursday, CLO Marco Santori told viewers, “You’re living in a fantasy world if you
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London-based open banking startup TrueLayer has raised $130 million in funding in a round led by Tiger Global and Stripe.The raise values TrueLayer’s at more than $1 billion, thus giving it “unicorn” status.Open banking, for which TrueLayer provides infrastructure, enables customers to transact with businesses more seamlessly via bank-to-bank payments,
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Bitcoin (BTC) futures open interest has recovered to levels in May, raising optimism about a potent bullish breakout move above $50,000.The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Aug. 23, its highest level since May 27. Meanwhile, the difference between the Bitcoin spot
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Ethereum has been slowing down on its bullish momentum. The second cryptocurrency by market cap trades at $3,066 with a 4.2% loss in the daily chart. ETH moving sideways in the daily chart. Source: ETHUSD Tradingview After two weeks of profits and an incredible rally from the low at $2,000, mostly driven
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