T-Rex Group, a financial services company, recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This move has raised concerns as the fund is being considered potentially the most volatile ETF in the country. The objective of the fund, named ‘T-Rex 2X Long MSTR Daily Target ETF,’ is to
Crypto
The prediction by analyst ‘RamenPanda’ suggests that there will not be a sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This prediction is based on the notion that during times of financial crisis, such as in 2008, the Fed cuts rates to preserve the economy. However,
The upcoming Friday marks the expiration of around 107,000 Bitcoin options contracts with a notional value of $6.6 billion. This end-of-month expiry event is significantly larger than the usual end-of-week expiries, potentially leading to market volatility. The put/call ratio for today’s BTC derivatives stands at 0.5, indicating that twice as many long (call) contracts are
The recent surge in Bitcoin’s price, reaching over $62,000, was followed by a quick retracement below that level. This rollercoaster ride in the value of the largest digital asset has left many investors wary of what the future holds. Despite its initial success, Bitcoin struggled to maintain its momentum, particularly as altcoins like DOT, AVAX,
Recently, Binance made an announcement regarding the implementation of stricter measures to tackle account misuse on their platform. The company highlighted the detection of instances where certain account features were being exploited to gain unfair advantages over other users. This move indicates a proactive approach toward addressing security concerns within their ecosystem. However, the effectiveness
CleanSpark, one of the leading publicly traded Bitcoin mining firms, made headlines with its acquisition of GRIID Infrastructure in an all-stock deal worth $155 million. This strategic move instantly added 20 megawatts of power to CleanSpark’s mining operations, with plans for an additional 400 MW in Tennessee in the next two years. The merger required
The US Securities and Exchange Commission (SEC) is on the verge of approving the latest adjustments to the spot Ethereum ETFs by July 4th. Discussions between asset managers and regulators are reaching their final stages, with giants like BlackRock, Franklin Templeton, and Grayscale Investments at the forefront. These firms, after a struggle spanning over a
Coinbase, the leading cryptocurrency exchange in the United States, has taken a bold step by filing lawsuits against both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). These lawsuits were filed due to the failure of the SEC and FDIC to comply with information requests in closed crypto cases. Coinbase
The US spot Bitcoin ETFs have shown signs of slow recovery as the total inflows reached $21.52 million on June 26th, continuing the positive momentum that started on Tuesday. It is crucial to observe these inflow trends to understand the overall market sentiment towards Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission has entered the trial phase. This phase is crucial in resolving the lawsuit, but the end date remains uncertain. A significant development in recent weeks was the SEC’s decision to reduce its fine demand from $2 billion to $102.6 million.
