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Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25.Bitcoin investors' sentiment
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"In recent days, there has been chatter about intercompany loans between Genesis Global Capital and DCG," Silbert wrote. "For those unaware, in the ordinary course of business, DCG has borrowed money from Genesis Global Capital in the same vein as hundreds of crypto investment firms. These loans were always structured
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U.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto industry has operated.” He added that he plans to work with his colleagues in Congress in the coming weeks “to
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Bitcoin (BTC) crashed below $16,000 on Nov. 9, driving the price to its lowest level in two years. The 2-day correction totaled a 27% downtrend and wiped out $352 million worth of leverage long (buy) futures contracts.To date, Bitcoin price is 65% down for 2022, but it's essential to compare
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The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million —
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Novice traders are usually drawn to futures and options markets due to the promise of high returns. These traders watch influencers post incredible gains, and at the same time, the multiple advertisements from derivatives exchanges that offer 100x leverage are at times irresistible for most. Although traders can effectively increase gains
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"Spot prices DO INDEED look constructively bullish… but that said, Q4-22 doesn’t resemble the Q4-20 environment, where buying call exposure was the right move to make," Gregoire Magadini, CEO of options analytics platform Genesis Volatility, said in a weekly newsletter. "[build] Tactial long but don't ape into unhedged calls." Source
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Place/Date: - October 24th, 2022 at 2:45 pm UTC · 3 min read Source: Chronocatz Photo: ChronocatzThe crypto market has seen the entry of several NFT-based projects since 2021. However, two artwork-based NFT projects – Moonbirds and Chronocatz – are in the
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Place/Date: - October 23rd, 2022 at 1:23 pm UTC · 4 min read Source: Dogeliens The success of cryptocurrencies has paved the way for new and innovative blockchain-based assets in the financial services market, especially the likes of meme coins which are cryptocurrencies inspired by a meme.
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The "Crab" strategy, designed by leading DeFi options platform Opyn, is built to make money during bouts of low ether (ETH) price volatility. It has earned 14% returns in U.S. dollar terms and 42% in ether terms since its v2 went live in late July. Ether has dropped 20% since
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