This week, Bitcoin fell again, dropping below $109,000, its lowest position in more than three weeks. The dip cost traders who had wagered the price would go up almost $275 million. This Friday’s huge $22 billion options expiration is now the focus of everyone’s attention. It may either cause Bitcoin’s price to rise or put … Read more
Kraken, a cryptocurrency exchange, has revealed a new $2 million donation to PACs that seek to improve the legal environment for digital assets in the US.The action demonstrates the industry’s increasing efforts to influence legislation as Washington continues to discuss the best way to regulate cryptocurrency. Kraken Co-CEO Arjun Sethi said on X on Tuesday … Read more
The second-largest cryptocurrency exchange in the world based on trading volume, Bybit, has launched 24 hour stock contracts for difference (CFD) trading on its TradFi platform. The move allows traders greater freedom by extending access to traditional equities beyond the limited U.S. market hours, producing an experience that seems closer to crypto’s always-on approach. With … Read more
MicroStrategy has increased its Bitcoin holdings once again, acquiring 850 BTC for $99.7 million, just after the US Federal Reserve announced its first interest rate drop in years. The action demonstrates the company’s long-term faith in Bitcoin (BTC) as a key component of its business plan. According to a filing with the United States Securities … Read more