Short-term BTC puts are in demand after hawkish Fed dented the bullish sentiment in risk assets. What to know: Crypto traders initial worries about a hawkish Fed materialized Wednesday as Chairman Jerome Powell cut interest rates but expressed uncertainty about the speed and extent of future easing. And now the sentiment has deteriorated. Bitcoin’s seven-day call-put skew … Read more
Countries like the Netherlands are preparing for Mica implementation. What to know: ZBD, a payment platform powered by the Bitcoin Lightning network, said the Dutch Authority for the Financial Markets (AFM) approved its application for a European Union MiCA license. When Micas takes effect and the license is granted on Dec. 30, ZBD will be … Read more
The Federal Reserve cut rates by 25 basis points as expected, but Fed Chair Jerome Powell’s hawkish press conference What to know: The U.S. Federal Reserve lowered its benchmark fed funds rate by 25 basis points to the 4.25%-4.50% range, its third consecutive easing move this year and now marking a total of 100 basis points of … Read more
PENGU’s debut sparked a surge on the Solana blockchain, resulting in more transactions than the combined activity of other leading blockchains. What to know: Solana’s network activity lit up on Tuesday as the Pudgy Penguins NFT project debuted its native token, PENGU, on the programmable blockchain. The layer 1 blockchain, considered a cheap alternative to … Read more
XRP and DOGE futures recorded an unusually high $70 million in liquidations, indicative of rising speculative activity in majors. What to know: A bitcoin (BTC) slump spiraled into over $700 million worth of liquidations across futures tracking major tokens, with XRP and dogecoin (DOGE) products recording unusually high losses. BTC fell under $100,000 in late … Read more
Data from the past eight years shows that bitcoin ended December in the green six times since 2015, running at least 8% to as much as 46% (in the outlier year of 2020) What to know: Bitcoin (BTC) set a fresh record above $106,000 earlier Monday, with traders now targeting the $120,000 level as the … Read more