The T-Rex Group, a financial services company, recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This ETF is being touted as potentially the most volatile ETF in the country. If approved, the fund, named ‘T-Rex 2X Long MSTR Daily Target ETF,’ aims to amplify the daily performance of
The prediction of no sharp correction following potential interest rate cuts by the U.S. central bank in September or November has sparked a debate among analysts. According to a recent post by the analyst ‘RamenPanda’, the Fed is likely to cut rates to stimulate the economy. This approach, which was also observed during the 2008
This Friday, a significant number of Bitcoin options contracts, totaling around 107,000, are set to expire with a notional value of $6.6 billion. This end-of-month expiry event is larger than usual end-of-week expiries, potentially leading to market volatility. The put/call ratio for today’s BTC derivatives is 0.5, indicating that twice as many long (call) contracts
Jesse Powell, the founder of Kraken, recently made headlines by donating $1 million, predominantly in Ethereum, in support of former US President Donald Trump’s re-election bid. While Powell claimed that his donation was intended to help the US maintain its leadership in blockchain technology, some may question the true motives behind his actions. Powell’s decision
The collectibles space is witnessing a new entrant with the introduction of “Solo Leveling: Unlimited”, an NFT platform inspired by the popular South Korean web novel and webtoon, Solo Leveling. This innovative platform, developed by Singapore-based Web3 company OtherWorld, leverages the power of blockchain technology on the Avalanche blockchain to create a unique entertainment experience
Recently, Binance made an announcement regarding the implementation of stricter measures to combat account misuse on the platform. The company detected instances where certain account features were being exploited to gain unfair advantages, such as better fee rates and higher API limits over other users. As a result, Binance has vowed to take action against
Bitcoin made headlines yesterday when its price surged to over $62,000, only to retreat back below that level shortly after. This volatility in Bitcoin’s price has been a common theme in recent weeks, with the cryptocurrency experiencing wild swings in both directions. The week started off on a high note for Bitcoin, as it reached
The launch of the first spot Ethereum ETFs in the United States is eagerly awaited, with experts predicting a substantial price appreciation for 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 the final
The Illuvium Open Beta has been creating waves of excitement in the gaming community, with its release scheduled for July 25, 2024, exclusively through the Epic Games Store on PC. The game, which has been in development since 2020, promises to deliver a unique experience by blending elements from multiple gaming genres. Despite facing challenges
CleanSpark, one of the prominent players in the Bitcoin mining industry, recently made a significant move by acquiring GRIID Infrastructure in an all-stock deal valued at $155 million. This acquisition immediately added 20 megawatts (MW) of power to CleanSpark’s mining operations, with an additional 400 MW expected in Tennessee over the next two years. The
Keisha Lance Bottoms, the future senior campaign adviser for Joe Biden, recently made headlines by emphasizing the nonpartisan nature of the crypto industry. According to Bottoms, crypto is not a political issue but rather a unifying force that has garnered bipartisan backing. She highlighted the growing interest in crypto and blockchain technologies among voters nationwide,
Paradigm has raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA). In a detailed response to ESMA’s third consultation package, the firm outlined potential negative impacts on both EU citizens and the broader crypto ecosystem stemming inadvertently from some of the proposed rules. ESMA
In a bold move, the leading cryptocurrency exchange in the United States, Coinbase, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for their failure to comply with information requests in closed crypto cases. The lawsuits, filed at the United States District Court for the District
The latest news surrounding the US Securities and Exchange Commission (SEC) points towards a potential approval of spot Ethereum ETFs by July 4th. This news comes as discussions between asset managers and regulators are reaching their final stages, with big names such as BlackRock, Franklin Templeton, and Grayscale Investments at the forefront. These firms, having