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Italy is set to adopt measures that will include high fines for those who manipulate the crypto asset market as part of a wider scheme to beef up surveillance of risks tied to the sector.
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ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent. Read more ›
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MicroStrategy bought 55,500 more bitcoin over the past week for $5.4B, bringing its total holding to 386,700 BTC. MicroStrategy recently entered the top 100 U.S. publicly traded companies by market cap, briefly surpassing $100 billion valuation. The Nasdaq 100 Index begins its annual reranking this week, with results set to be announced on Dec. 13. Read more ›
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Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion. Activity in the ether options market listed on Deribit is also picking up, with over 2 million contracts active or open at press time, the highest since late June. Data shows a bump in revenue, fees, new wallets and on-chain volumes on Ethereum, with the past month showing elevated... Read more ›
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Stablecoin market capitalization rose to $190 billion this month, surpassing the pre-crypto winter peak of April 2022, CCData reported.The crypto rally this year and particularly since the U.S. presidential election fueled demand for stablecoins, which are widely used for trading. The emergence of novel tokenized investment products with fixed prices such as BlackRock's BUIDL and Ethena's USDe also helped growth for the sector.Tether's USDT supply rose 10% over the last... Read more ›
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This week in prediction markets:Kalshi paid social media influencers to talk trash about its rival Polymarket's founder, Shayne Coplan, an incendiary article in Pirate Wires revealed.Someone apparently decided to launch a retaliatory smear campaign against Kalshi. (Polymarket denies any involvement.)All of this is happening just as things were starting to look bright on the regulatory and reputational fronts for prediction markets. Read more ›
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Most popular sources
Business Insider | 37% 10 |
CNET | 9% 3 |
Tom's Hardware | 6% 4 |
TechRadar | 6% 3 |
The Verge | 6% 2 |
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29.11.2024 10:48
Last update: 10:41 EDT.
News rating updated: 17:42.
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