Although regulators around the world have banned Polymarket on the grounds that it is a gambling platform, lawyer Aaron Brogan has good reason to argue that it is not a gambling platform. Aaron Brogan, a New York-based cryptocurrency lawyer, argues that on the surface, prediction markets are just an online version of gambling, which is not true. "If you are a state-licensed gambling product...
Despite the strengthening of the dollar and real interest rates in early January, gold futures buying is still accelerating. Click to view...
Although the Federal Reserve's monetary policy statement may not change much, Powell's press conference will set the tone for the coming months
Although El Salvador previously reached an agreement with international monetary funds to roll back some of the country's crypto policies, the country still bought 12 bitcoins as its reserves in the past day. In an X post on January 19, the country's national bitcoin office said it bought 11 more bitcoins worth more than $1 million. Meanwhile, it also bought 1 bitcoin on January 20 for $106,000.
Although the US PPI rose less than expected in December, inflation anxiety still hung over the market, and the 30-year US Treasury yield hit a new recent high above 5% on Tuesday. The 30-year yield broke through 5% for the second time since Friday, and the 10-year yield rose to 4.81%, both hitting their highest levels since November 2023. US bond yields have continued to rise in recent weeks, as the market fears that stubborn inflation may prompt the Federal Reserve to stop cutting interest rate...
Trader Eugene Ng Ah Sio wrote: "Although I am generally bearish, I think the price of some tokens has fallen to a level where any form of mean reversion could lead to a sharp price rally. I have started to buy these tokens in small quantities."
Chris Burniske, a partner at Placeholder, wrote on the X platform: "Although BTC is playing with fire, ETHBTC, SOLETH and SOLBTC are still performing well. This makes me think it is not a sign of weakening market risk appetite, but more likely due to liquidity factors at the end of the year, people are sorting out their books for 2024."
Greeks.live analyst Adam wrote that although the European and American markets entered the Christmas holiday, the crypto market rose significantly driven by Bitcoin. Due to the poor market liquidity between the Christmas holiday and the end of the year, price fluctuations require less motivation. In terms of options, short-term implied volatility (IV) has declined from the previous day, and market makers are moving towards the end of the year. IV is expected to remain stable before the end of th...
Although the market is not optimistic that the European Central Bank will cut interest rates significantly tonight, they generally predict that the central bank will become more dovish in the future.
In a social media post, Ripple said: "Despite some speculation, RLUSD will not be launching today. Final approval is ongoing in sync with the New York Department of Financial Services (NYDFS) and will share updates as soon as possible. The team is fully committed to launching products under NYDFS oversight and upholding the highest regulatory standards." Fox Business Correspondent Eleanor Terrett said that two sources close to the program said today was originally the expected release date, but ...
Although 2024 is drawing to a close, there are still some major events to come this year...
"Despite years of FUD, Binance's client BTC balances have grown 25 per cent this year," Ki Young Ju, CryptoQuant's chief executive, said in an X post. "It has a 40 per cent share of the bitcoin reserve market in global PoR exchanges and is growing every year. Losing Binance will make it difficult for the global crypto ecosystem to recover for some time."
"Despite widespread opposition, SAB 121 has functioned effectively as a statute, even though it has never gone through the normal Administrative Procedure Act process," the House of Representatives will tell Representative Mike Flood this week. Flood said: "I look forward to working with the next SEC chairperson to revoke SAB 121. Whether Chairperson Gary Gensler leaves on his own or President Trump will fulfill his [Gensler's] dismissal...
On November 15, Zhu Su posted on social media that although it was higher than his expected bottom fishing position, it had already picked up ETH at $3090 and SOL at $211.