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Markets
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.
Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
As they have in the Philippines, some players are making enough money to feed their families.
Bitcoin Still Trading in Bullish Channel Despite Price Support Break
Powell’s reappointment as Fed’s chairman has reinforced fears of faster rate hikes to control inflation
Bitcoin Struggles at $60K Resistance; Support Above $53K
Short-term downside is likely into the Asia trading day.
Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)
Anyone buying Salvador’s bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the country’s distressed-debt situation, one strategist said.
Shiba Inu Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks
With speculative frenzy in SHIB cooling, market focus may shift back to top cryptocurrencies.
Bitcoin Attempts Price Recovery After a Derivatives-Led Slide to Sub-$56K
Fears about a supply glut from the Mt. Gox settlement are unfounded, one analyst said.
