On February 28, a significant wave of Bitcoin options contracts is set to expire, totaling about 58,000 contracts with a collective notional value estimated at $4.7 billion. This particular expiry is noteworthy not just for the volume but also because it coincides with the end of the month, often a period when trading volumes and
Crypto
In a stark reminder of the growing dangers in the digital financial landscape, the FBI has linked a significant cyber heist on cryptocurrency exchange Bybit to North Korea’s notorious Lazarus Group. This incident, which saw hackers pilfer more than $1.5 billion worth of assets—specifically over 41,000 ETH—has stirred concerns among regulators and industry experts alike.
In the rapidly evolving landscape of cryptocurrency exchanges, security remains an ever-pressing concern. The recent hack of Bybit, which resulted in the compromise of approximately $1.5 billion, brought the spotlight onto Safe Wallet, the custodian of the digital assets in question. Following a forensic examination that revealed failures in Safe Wallet’s infrastructure rather than flaws
In a significant turn of events for the cryptocurrency market, Cameron Winklevoss, co-founder of the Gemini exchange, revealed that the United States Securities and Exchange Commission (SEC) has officially concluded its investigation into the platform. This announcement comes nearly two years after the probe began and follows the issuance of a Wells Notice to Gemini
Bitcoin has proven to be an unpredictable asset, and recent developments underscore this volatility. Following the announcement of a 25% tariff from former US President Donald Trump targeting imports from Canada and Mexico, Bitcoin’s price tumbled below the crucial $90,000 threshold. This incident highlights how external economic policies can dramatically influence cryptocurrency markets. Investors often
The Bitcoin Fear & Greed Index, a pivotal gauge of market sentiment, has recently descended to a staggering low of 10, the most alarming level witnessed since June 2022. This index helps measure the emotional landscape of investors, fluctuating between extremes of fear and greed. Its sharp decline from last week’s neutral score of 49
In a dramatic shift within the cryptocurrency landscape, Bitcoin recently plummeted to its lowest price in several months, falling to approximately $82,000. This significant decline reflects a broader bearish sentiment permeating the market, resonating with traders and investors alike. The sharp drop occurred after a brief period where BTC approached the psychologically important threshold of
In an era where many decentralized finance (DeFi) platforms struggle to maintain their footing, Jupiter Exchange defies the odds, recently capturing attention by amassing an impressive $2.73 million in daily revenue. This places it as a formidable contender, eclipsing prominent players and landing in the second position for daily fees behind stablecoin behemoth Tether. With
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has become a significant focal point in the cryptocurrency landscape, drawing attention from legal experts, investors, and enthusiasts alike. As the case lingers beyond four years, various developments suggest that a decisive resolution might soon be on the horizon. This
In an alarming trend, the United States spot Bitcoin exchange-traded funds (ETFs) have experienced a significant downturn, culminating in an unprecedented single-day outflow of approximately $938 million. This drop occurred as Bitcoin’s price plunged below $87,000, marking its lowest point since mid-November. The data presented by Farside Investors reveals that nearly all U.S. spot Bitcoin
