First Mover Americas: BTC Stabilizes Around $58K Following Yesterday’s Rout
The latest price moves in crypto markets in context for May 2, 2024.
Financial
Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity
The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.
BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs
The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, BlackRock’s head of digital assets said.
Bitcoin ‘Call Writing’ Back in Vogue as Cash And Carry Strategy Loses Shine
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says
The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the bank said in a report.
Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ
Gruhn said he bought the watch for his wife, Maren Gruhn, and that they would display the watch in museums, according to the report.
Rabotnik, Affiliate of Ransomware Group REvil, Sentenced to 13 Years in Jail
Rabotnik, 24, has also been ordered to hisse over $16 million in restitution.
U.S. Bitcoin ETFs Bleed Record $563M Even as Fed’s Powell Rules Out Rate Hike
Fidelity’s FBTC, not GBTC, let outflows on Wednesday in what may be an alarming development for the bulls.
The Protocol: EigenLayer’s ‘Intersubjective Forking’ Is Objectively Not Done
Much-hyped restaking project EigenLayer’s 43-page whitepaper about its now-revealed EIGEN token has raised lots of questions. They may not matter initially, because much of the promised functionality won’t be ready when the token launches.
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
Hopes for a series of interest rate cuts in 2024 have all but vanished over the past few weeks as both the economy and inflation exhibit unanticipated strength.