28 Jun 2024:
Bitcoin volatility sees futures slump, while options open interest spikes
Bitcoin’s volatility this week impacted the derivatives market. Between June 23 and June 27, Bitcoin dropped from $64,000 to $60,000, briefly dipping below before recovering. This volatility caused a slump in Bitcoin futures while options open interest spiked. Read more
Bitcoin profitable on 4,954 days since inception, 97.9% of its history
Bitcoin has been profitable on 4,954 out of 5,060 days since its inception, according to Glassnode data. This indicates strong long-term value retention, with a high percentage of profitable holding days throughout Bitcoin’s history. Read more
Crypto for Advisors: Decoding the Ether ETF Filings
The potential launch of a spot Ether ETF has carried on the excitement from the spot Bitcoin ETF launch earlier this year. This article explores the implications and details of the Ether ETF filings for financial advisors and investors. Read more
VanEck Files for Solana ETF, SOL Rises 8%
VanEck has filed for the first Solana ETF in the U.S., following a similar filing in Canada. The announcement caused Solana (SOL) to rise by 8%. Read more
Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report
Immunefi’s report reveals that crypto losses from hacks and rug pulls have doubled in Q2 2024, reaching $572 million. The report details various incidents and the overall impact on the blockchain industry. Read more
Solana ETFs and Huge SOL Gains a Real Possibility Under Trump, Major Crypto Trader Says
A major crypto trader suggests that Solana ETFs and significant SOL gains are possible under a Trump presidency, highlighting the potential regulatory changes that could benefit Solana. Read more
First Mover Americas: BTC’s Recovery Stalls as Dollar Rallies
Bitcoin’s recovery has stalled as the U.S. dollar rallies, impacting the broader crypto market. This update covers the latest price movements and market context for June 27, 2024. Read more
Decentralized Exchange Bluefin to Roll Out Token After Securing $17M in Total Funding
Bluefin, a decentralized exchange, plans to launch its token following $17 million in total funding. The exchange has seen significant trading volume and revenue since its inception. Read more
Ether Spot ETFs Could See $5B of Net Inflows in the First Five Months: Galaxy
Galaxy predicts that Ether spot ETFs could attract $5 billion in net inflows within the first five months, emphasizing Ether’s price sensitivity due to a large amount of ETH locked up. Read more
Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase
Bitcoin’s price fell after the U.S. transferred $240 million worth of Silk Road-related BTC to Coinbase, causing market concerns over potential selling pressure. Read more
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