Author: admin

In brief A record $31 billion in Bitcoin options are set to expire on Halloween, surpassing last month’s $18 billion despite October’s flash crash that wiped out $19 billion in leveraged positions. Open interest at Deribit has reached an all-time high of $50.27 billion, with significant put contracts at $100,000 and call contracts at $120,000 strike prices. Bitcoin ETF flows have slowed after strong early-month inflows, while traders anticipate a 97% chance of a Fed rate cut at next week’s FOMC meeting. There’s roughly $31 billion worth of Bitcoin options set to expire on Halloween next week. That’s a record-high…

Swiss Bitcoin app Relai has become one of the first Bitcoin-only companies to receive regulatory approval under Europe’s landmark Markets in Crypto-Assets (MiCA) framework.  The Zurich-based firm announced today that it has been granted authorization as a Crypto-Asset Service Provider (CASP) by France’s Financial Markets Authority (AMF), according to a note shared with Bitcoin Magazine. The approval marks a significant moment not just for Relai, but for the broader Bitcoin ecosystem in Europe. The MiCA regulation, which came into effect earlier this year, establishes uniform rules for crypto companies across the EU, aiming to increase investor protection and reduce regulatory…

Bitcoin is showing signs of renewed weakness as short-term investors begin to fold under selling pressure. According to the latest data from CryptoQuant, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has fallen to 0.992, its lowest level since late April. This key on-chain metric tracks the average profit or loss realized by Bitcoin holders who have owned their coins for less than 155 days — a group often associated with speculative or reactive behavior. Related Reading When the STH-SOPR dips below 1.0, it indicates that these holders are selling their coins at a loss, signaling a wave of capitulation…

Solana (SOL) has struggled to regain its footing after several failed recovery attempts over the past few days. While the altcoin has avoided forming new lower lows, it remains confined within a bearish setup. However, improving on-chain metrics and technical signals suggest a potential shift in sentiment that may soon favor the bulls.Solana Holders SurgeSolana’s network activity shows encouraging signs of growth, with new wallet addresses rising notably in recent days. This uptick indicates renewed investor interest and expanding participation in the ecosystem. When new addresses surge, it often reflects growing confidence in the network’s utility and long-term prospects, both essential…

Your keys, your coins.That’s one of the foundational promises of bitcoin and other cryptocurrencies, which remove the intermediaries standing between you and your money. But the phrase also carries a latent assumption Web3 companies would be wise to move on from: that any security problems are the holder’s problem, not theirs. That mindset may have worked when crypto was experimental. It doesn’t work when trillions of dollars and millions of people are involved.The design space for crypto has expanded enormously since Bitcoin was created over 15 years ago. There are apps and protocols, cryptocurrency exchanges, stablecoins, and dozens of token…

Dogecoin (DOGE) is up 1.4% today, but the recovery looks shaky. After a 20% drop over the past month, the Dogecoin price now faces its toughest near-term test — a zone that has stopped every recent bounce. Everything below this zone faces strong selling pressure, keeping the DOGE price locked in its tightest range in weeks.Sponsored Long-Term Holders Step Back, Short-Term Buyers Step InThe Hodler Net Position Change, which tracks whether long-term investors are adding or selling, has turned bearish. On October 16, long-term holders added about 109.8 million DOGE to their balances. By October 22, that figure had dropped…

A recent report claims that retail traders in South Korea have developed a world-class appetite for risky assets. This could potentially deepen Korea’s influence over global crypto markets. Still, although many retailers are showing heightened crypto investment, the data isn’t entirely uniform. Moreover, systemic high-risk trading could negatively impact the space.Sponsored SponsoredSouth Korea, a Potential Crypto Hub?North Korea has attracted a lot of international press for its skill in perpetrating crypto hacks, but its southern neighbor often gets less attention. However, recent reports claim that South Korea’s grassroots Web3 adoption is steadily growing, and new research may help illustrate the…

Institutional investors are pouring into CME Group’s regulated crypto derivatives markets, setting a series of records across futures and options tied to ether ETH$3,845.87, solana SOL$186.72 and XRP, CME told CoinDesk on Thursday.Since October 10, open interest across CME’s crypto futures and options has jumped 27%, a surge the exchange attributes to a shift away from offshore markets following a wave of liquidations last week.On Tuesday, open interest in ETH futures reached 48,600 contracts — the highest on record — with SOL and XRP futures also hitting all-time highs at 20,700 and 10,100 contracts, respectively.Options open interest hit $9 billion,…

Crypto markets were in rally mode on Thursday alongside sizable gains in stocks, a U.S. presidential pardon for Binance founder Changpeng Zhao, and ahead of tomorrow’s key reading on September inflation.In mid-afternoon U.S. trading, bitcoin BTC$110,468.62 was up 2.7% over the past 24 hours to $110,700, down a hair from the day’s high of $111,100. The action came following Wednesday’s strong decline which had pushed the price below $107,000. The Wednesday drop came following Tuesday’s sharp rise which had brought BTC as high as $114,000.The back and forth action is commonly known as a whipsaw pattern and usually results in…

In brief Robinhood signaled that it would list BNB on its platform. The Binance-linked token is valued at $149.5 billion. Coinbase signaled support for the token not long ago. Robinhood unveiled support for BNB on Wednesday, making the fourth largest cryptocurrency by market capitalization available to customers on its platform in the U.S.The announcement, which has been viewed more than 530,000 times on X, follows a similar nod from Coinbase a week ago. The San Francisco-based firm said that the Binance-linked token had been added to its listing roadmap, with trading going live on Wednesday as well.Although Coinbase lists hundreds…