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
Bitcoin has reached a critical point in its price trajectory, with the recent rejection at $62,000 sparking a showdown between bullish and bearish sentiment. The current market conditions have fueled speculation that the price of Bitcoin may be in for a significant decline. Crypto analyst DonAlt has expressed his opinion that the worst may be
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 collectibles space is evolving with the introduction of “Solo Leveling: Unlimited”, an NFT platform inspired by the popular South Korean web novel and webtoon, Solo Leveling. Developed by the Singapore-based Web3 company OtherWorld, this platform merges entertainment with blockchain technology on the Avalanche blockchain. “Solo Leveling: Unlimited” operates on a custom Layer-1 network on
Jesse Powell, the founder of Kraken, a cryptocurrency exchange platform, recently made headlines by donating $1 million, mainly in Ethereum, to support former US President Donald Trump’s re-election bid. Powell clarified in a statement that the intention behind this donation was to ensure the US maintains its leadership in blockchain technology. This move has sparked
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
Keisha Lance Bottoms, slated to become Joe Biden’s senior campaign adviser, recently expressed her views on cryptocurrency, emphasizing that it is a nonpartisan issue. In a statement to The Hill, she highlighted how crypto has garnered bipartisan support and has captured the attention of voters nationwide. Bottoms emphasized the transformative potential of crypto and blockchain
With the impending launch of the first spot Ethereum ETFs in the United States, industry experts are speculating about the potential price impact on the second-largest cryptocurrency in the market. The US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs by July 4, as discussions between asset managers and regulators reach their
