A rare CME shift: Hedge funds abandon structural shorts to bet on a bitcoin rally
CME leveraged funds turn net long as weak futures yields undermine the once-popular basis trade.
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CME leveraged funds turn net long as weak futures yields undermine the once-popular basis trade.
Your look at what's coming in the week starting Aug. 10
Early BVNK investor Concentric shares a fascinating inside view on the stablecoin startup’s journey and the eventual Mastercard deal.
The trading firm is also introducing “Robinhood Cortex Digests for Crypto,” a generative AI-powered widget that analyses breaking news and other data.
The market rose even as the Senate left the crypto bill unpassed before its recess, with steady ETF inflows and a softer dollar doing more for prices than Washington.
Ocean, a bitcoin mining pool, had been backing BIP-110 by default. Simple Mining, a company that runs mining machines through Ocean, used software from the pool that lets individual miners choose for themselves and went the other way.
Every major except XRP is green on the week, with BTC, ether and BNB each up nearly 3% as global stocks trade near a record.
The token fell 5% last week while BTC, ETH and SOL climbed.
The crypto industry is angry and disappointed that the Senate is not holding a procedural vote on the Clarity Act this month, but that isn't the worst possible outcome.
Revenue has fallen four quarters running while open interest hit a record high. The gap is a fee-sharing program that hands half the platform's volume to outside builders.
Bitcoin ETFs recorded $853.54 million in net inflows last week, the strongest since mid-April, with BlackRock’s IBIT taking the bulk.
An industry-wide reckoning is weeding out unsustainable startups, leaving behind only the protocols with real cash flow and actual users.