Cryptocurrency
$105M Ether shorts got ‘smoked,’ Eric Trump throws shade at bears
Ether saw the largest short position wipeout of the day across all crypto assets on Friday as its price surpassed $4,000, with some analysts saying it could be setting the stage for a short squeeze.The rally led to Eric...
Cryptocurrency
Harvard Reports $116M Stake in BlackRock’s iShares Bitcoin ETF in Latest Filing
Harvard Management Company, which oversees the university’s $50 billion endowment, disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC).The stake, reported in a Form...
Cryptocurrency
Futures and Options Markets Reflect Aggressive XRP Trading Strategies – Markets and Prices Bitcoin News
XRP’s derivatives markets are seeing a significant uptick in activity Friday, with futures open interest (OI) climbing and options data revealing a strong bullish bias. Binance and Bitget Lead XRP Futures Action as OI Climbs As of 12:30 p.m....
Cryptocurrency
Traders bet on $200K year-end Bitcoin, but real odds tell a different story
Key takeaways:Diagonal and butterfly spreads benefit from BTC near $160,000.$200,000 year-end call options imply less than 3% chance of profit.Bitcoin (BTC) traders are gearing up for the year-end $8.8 billion options expiry, scheduled for Dec. 26 at 8:00 am...
Cryptocurrency
Bitcoin Miner CleanSpark Posts Record Revenue; stands at $198 million in Q3 –
Saniya -
Key TakeawaysThe miner generated $198.6 million in revenue during its fiscal third quarter, marking a 90.8% jump from $104 million in the same period a year ago. Net income surged to $257.4 million, a sharp reversal from a $236.2 million...
Cryptocurrency
Ripple-SEC Legal Drama Ends; XRP Skyrockets 13%
Ripple Labs’ long-running legal fight with the US Securities and Exchange Commission (SEC) is officially over after both sides agreed to drop their appeals in the case.Related ReadingAccording to reports, a joint filing on August 7 confirmed the decision...
Cryptocurrency
Asia Morning Briefing: BTC Mining Industry Not Worried About New Round of Trump Tariffs
Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see...