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Markets
Stacks Network’s STX Token Jumps 50% as Bitcoin Struggles Amid Seesawing Fed Rate-Hike Bets
Some believe Jack Dorsey’s exit at Twitter may be a reason for STX’s surge.
Bitcoin’s 6-Month ‘Put-Call Skew’ Flips Bearish for First Time Since May
Participants may be hedging long positions or taking outright bearish bets on bitcoin.
Bitcoin Back on the Defensive as Moderna CEO Warns of Reduced Vaccine Efficacy, Exchange Inflows Eyed
Bitcoin slipped 2.5%, hitting lows of under $56,000, while the futures tied to the S&P 500 declined by 1.2%.
DeFi Protocol Omicron’s Token Jumps 10-Fold After Namesake COVID Variant Emerges
OMIC’s surge is perhaps an evidence of peak irrationality.
Goldman Says Fed May Accelerate Tapering in January: Report
The new projection means the asset purchase program would end in March.
Bitcoin Slips to $55K as Renewed COVID Concerns Jolt Traditional Markets
The cryptocurrency appeared set for a breakout above $60,000 after Thursday’s rise, but COVID fears played spoilsport.
Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry
Bitcoin’s put options become pricier amid Fed rate hike fears.
Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases Partnership
SAND has rallied over 600% since Facebook’s rebrand as Meta.
Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip
A single tether is supposed to be worth $1 or rupees 74.37 as per the current dollar-rupee exchange rate.
Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B
The Singapore-based firm QCP now trades more than $1B of crypto options per month using decentralized financial applications, including $1 million worth of AAVE options recently with Ribbon Finance.
