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Markets
Profit-Making Crypto Address Makes $16M Investment in BTC
The address has made $30 million in trading profits in the past 12 months, according to Lookonchain.

In Likely Precursor to Ether ETF Approval, Most Applicants Have Submitted Their Final Forms
The forms show what issuers plan to charge customers, with Grayscale at the high end at 2.5%, while competitors including BlackRock and Fidelity pick 0.25% or lower.

Crypto Exchanges Clamping Down on Prime Brokers Is Backwards Step for Market Efficiency, Traders Say
Binance and OKX say closing a loophole that meant crypto prime brokers could offer lower fees is about transparency and creating a level playing field. Some trading firms say it's a backward step for market efficiency.

Deribit's New Bitcoin, Ether Options Tied to U.S. Elections Get Thumbs Up From Crypto Traders
Traders said these options will help define risk and protect capital from expected volatility in the lead-up to and following the binary event.

Bitcoin Bulls Eye $70K Amid Donald Trump's Rising Chances of Returning as President
“BTC could hover around the 120-day moving average, and the price may have the momentum to go up to $68k or even $70k, but we need to continue to monitor closely the Fed policies and implications of Mt Gox,” one trader said.

Bitcoin ETF Inflows Hit Six-Week High of $422.5M
BTC's price has recovered 23% since hitting lows near $53,500 on July 5.

Bitcoin ETF Traders Bought the Dip and Now Are Buying the Rebound as Inflows Topped $300M Monday
It was the seventh consecutive day of net inflows for the U.S.-based spot funds.

Crypto Traders Search for Clues in Solana's Triangle Pattern
SOL's months-long triangular price consolidation could bring good news for the bulls.

Ether Hedging Activity Picks Up as U.S. ETF Debut Nears
Investors' focus on ether is evident from ETH's sustained volatility premium over BTC.

Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists
Thursday’s CPI report showed that prices declined on a monthly basis for the first time since March 2020, spurring hope that the Fed will finally cut rates.
