Options allow investors to hedge bullish/bearish risks and generate additional income on top of their spot market holdings.
Genesis, FTX Strike Deal for $175M Bankruptcy Claim
Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter.
Blockchain-Harnessing AI Project Jada Receives $25M in Capital
The project’s aim is to offer AI services that aid decision-making for organizations and scale up their operations.
Bitcoin’s 2023 Bullish Trendline in Focus as Traders Search for Directional Clues
A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows.
Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump
One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.
Bitcoin Slides to $28.3K After Leveraged Funds Ramp Up Bearish Bets
Two-thirds of leverage funds’ positions are short, one observer said, noting the bearish bias of sophisticated traders.
SHIB Plunges 9% on Apparent Shibarium Bridge Issues
An important tool for the layer 2 service went live on Wednesday to a turbulent start.
Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender.
Trump Owns Even More Crypto Than First Known, New Documents Show
The former U.S. president currently holds $2.8 million in ETH after debuting an NFT collection last year, fresh disclosures reveal.
Sei, Blockchain Designed for Trading, Goes Live but ‘Frustration’ Mounts Over Airdrop
The buzzy blockchain project’s SEI token saw a flurry of trading as it debuted on several crypto exchanges Wednesday, but there was much confusion over the status of a promised token “airdrop” to early adopters of the network.
PayPal to Stop Crypto Purchases in UK Until 2024
Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator.
Bitcoin Slips to $29K, but Fundstrat’s Tom Lee Sees $150K on ETF Approval
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.
First Mover Americas: Coinbase Secures NFA Approval to Offer Crypto Futures
The latest price moves in bitcoin (BTC) and crypto markets in context for August 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ex-Meta Engineer’s Layer-1 Blockchain Linera Raises $6M in New Funding
The layer-1 blockchain’s initial seed funding round was led by a16z crypto and has now raised $12 million in total.
Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account
Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.
3AC Founders’ OPNX Fined $2.7M by Dubai Crypto Regulator
The exchange was formally reprimanded by the Virtual Assets Regulatory Authority (VARA) in May.
BitGo Raises $100M After Scrapping Prime Trust Deal: Bloomberg
The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust.
Coinbase Finally Wins Approval to List Crypto Futures in U.S.
The approval makes Coinbase the first crypto-first platform to offer regulated and leveraged crypto futures alongside alongside traditional spot trading.
Bitcoin Vapid, Gold Weakens as Russian Ruble and Argentinian Peso Crash
Ruble and Peso crash represent signs of crack in the global market, per one observer. So far, there has been little demand for perceived havens like bitcoin and gold.
Arbitrum Will Unlock $1.2B ARB in March 2024: Token Unlocks
Unlocks to referred to staggered releases of the cryptocurrency frozen to keep early investors from liquidating in large numbers.