🚨🐕 Crypto traders warn that jump in Shiba Inu breed-themed tokens may be unsustainable after outperforming the broader market.
Recent surge fueled by Twitter's Dogecoin logo change and other meme coins. Some caution against over-interpreting momentary price changes. Long-term growth possible with fundamental features strengthening. Musk's support for meme coins driving mainstream adoption of crypto.
#ShibaInu #MemeCoins #CryptoMarket #MainstreamAdoption
Daily Crypto News 4/1
Seattle-based Bittrex will wind down its US operations due to regulatory requirements, said the exchange's CEO. Trading will continue for customers until April 14 and funds should be withdrawn by April 30. Bittrex Global will remain operational for traders outside of the US. The move follows enforcement actions against Kraken and a Wells Notice issued to Coinbase by the US Securities and Exchange Commission. Last week, the Commodity Futures Trading Commission sued Binance. Bittrex agreed to pay $29m last year for "apparent violations" of sanctions against countries including Iran, Cuba and Syria.
#crypto #news #bittrex #CFTC #SEC
Daily Crypto News 3/31
Bitcoin could see significant price swings this week due to the expiry of options contracts worth billions of dollars on Friday. Deribit, which accounts for nearly 80% of global crypto options activity, will settle 81,052 call options worth $2.24bn and 60,261 put options worth null.73bn.
Dick Lo, CEO and co-founder of TDX Strategies, said the "massive" expiry could lead to "big chops in both directions" due to thin liquidity and the potential for dealers to hedge their short gamma exposure. Market makers' hedging may be more pronounced than ever due to worsening liquidity conditions.
#bitcoin #crypto #news #options #hedge #volatility
Daily Crypto News 3/31
Bitcoin could see significant price swings this week due to the expiry of options contracts worth billions of dollars on Friday. Deribit, which accounts for nearly 80% of global crypto options activity, will settle 81,052 call options worth $2.24bn and 60,261 put options worth null.73bn.
Dick Lo, CEO and co-founder of TDX Strategies, said the "massive" expiry could lead to "big chops in both directions" due to thin liquidity and the potential for dealers to hedge their short gamma exposure.
Market makers' hedging may be more pronounced than ever due to worsening liquidity conditions.
#bitcoin #crypto #news #daily #options #volatility #hedge #Deribit
Daily Crypto News 3/30
Binance faces a lawsuit from the US CFTC for allegedly violating US laws, including failing to register and allowing Americans to trade crypto derivatives. Investors have withdrawn null.6B, and the lawsuit could result in "hundreds of millions" in fines and a possible ban on Binance's derivatives trading in the US.
However, the crypto market remains stable, and experts caution regulators to find a balance between protecting customers and driving companies outside the US.
#Binance #CFTC #CryptoRegulation