The volume of Bitcoin put options traded in block trades has surged to over $500 million. Block trades are large transactions typically made outside the open market to avoid impacting the market price directly. A put option gives the holder the right, but not the obligation, to sell an asset at a specified price (strike price)...
Investors poured billions into tech stocks and doubled their crypto investments on expectations of Fed rate cuts and economic resilience. A research report conducted by the Bank of America Global Research team indicates that investors have been actively buying tech stocks and crypto. According to a Reuters report, an influx of $4.7 billion into tech stocks, which encompass...
SYDNEY/SINGAPORE: Australia's fourth-biggest bank ANZ Group is selling around 298 million shares or 9% stake worth up to $242 million in Malaysian lender AMMB Holdings, according to a term sheet seen by Reuters on Tuesday. The shares are being offered at between 3.80 ringgit and 3.85 ringgit per AmBank share, according to the sheet, which is equivalent...
ADEN (Reuters) - The Cargo ship Rubymar, which was abandoned in the southern Red Sea after being targeted by Yemen's Houthis on Feb. 18, has sunk, a statement by the internationally recognised Yemeni government said on Saturday. (Reporting by Mohammad Ghibari in Aden; Writing by Enas Alashray)
LANGKAWI (AP): A Scandinavian Airlines medical evacuation plane arrived on Friday (March 1) in Pulau Langkawi, where the Norwegian king is in hospital and being treated for an infection. King Harald V, Europe's oldest monarch at 87, was hospitalised after he fell ill during a vacation, the royal palace in Oslo announced on Tuesday. There were...
Cybercriminals stole more than $104 million worth of crypto in February, marking a 42% decrease compared to January. According to data compiled by PeckShield, hackers successfully executed 20 attacks against decentralized protocols in February, with the most significant breach occurring at PlayDapp, resulting in a loss of $36 million worth of crypto for the project. #PeckShieldAlert Hackers stole ~$104.73m across over...
Bitwise anticipates a surge in institutional investment into Bitcoin ETFs in the coming months as major financial institutions, known as “wirehouses,” start offering Bitcoin ETF trades to their clients. Matt Hougan, Bitwise’s Chief Investment Officer, shared a number of insights during a CNBC interview on Feb. 29, stating that the initial interest in Bitcoin ETFs has primarily come...
The House Financial Services Committee (HSFC) recently cast votes on a resolution aimed at nullifying a guideline from the United States Securities and Exchange Commission (SEC), which has been a barrier for banks wishing to engage in cryptocurrency custody services. During a markup hearing held on Feb. 29, the resolution saw support from both sides of the political spectrum,...
Galaxy Digital CEO Michael Novogratz says he wouldn’t be surprised to see some corrections and consolidation in the crypto market before taking off to the new high. In a recent interview with Bloomberg, Galaxy Digital CEO Michael Novogratz highlighted the need for vigilance when dealing with Bitcoin (BTC) at present, indicating a possibility of short-term shifts in its trajectory. Expressing his...
Bitcoin spot trading volumes on centralized exchanges returned to peaks last seen when FTX crashed amid daily sustained demand for ETFs investing in crypto’s top currency. Trading volumes for spot Bitcoin (BTC) skyrocketed to a 16-month high on Feb. 28, with $34 billion worth of cumulative trades on CEXs, according to Kaiko data. Binance was at the forefront...
