Author: John Smith

Around $2.96 billion worth of Bitcoin options are set to expire on Friday, June 14, potentially injecting volatility into already fragile crypto markets. According to data from Deribit, the contracts, scheduled to expire at 08:00 UTC, represent one of the largest expiries this quarter. The open interest includes nearly equal amounts of calls and puts, with a put-to-call ratio of 0.95. This suggests a slightly bullish bias, though the current spot price, hovering around $104,000, sits well below the max pain point of $107,000.  🚨 Options Expiry Alert 🚨At 08:00 UTC tomorrow, over $3.7B in crypto options are set to…

Chinese tech giant Tencent is reportedly considering an acquisition of South Korean game developer Nexon. A Bloomberg report citing unnamed sources claimed that Tencent has approached the family of Nexon’s late founder, Kim Jung-ju, to explore a potential deal. While discussions have taken place, no final terms have been agreed upon, and it remains unclear whether the talks will result in a transaction. Kim’s family, which owns a controlling stake in Nexon through investment firm NXC Corp and its affiliated unit NXMH BV, is reportedly evaluating its options.  As of June 30, the entities collectively held 44.4% of Nexon, according…

The U.S. Securities and Exchange Commission (SEC) has hit the pause button on several crypto exchange-traded fund (ETF) proposals, putting approval in doubt. According to filings published this week, the SEC is delaying its decision for three ETF proposals, including Dogecoin, Hedera, and Avalanche. The ETFs, filed respectively by Bitwise, Grayscale, and VanEck earlier this year, aim to launch spot ETFs backed directly by DOGE (DOGE),  HBAR (HBAR), or AVAX (AVAX), which would offer investors regulated access to the assets if approved. However, the SEC stated it needs more time to assess the proposals. Citing concerns around investor protection and…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto is buzzing again, and while XRP courts Wall Street with real-world deals, Little Pepe is crashing the party with meme-fueled momentum and a $200k presale debut. Suddenly, the crypto space is humming again; this time, it feels much noisier. Ripple’s XRP is creeping toward the $5 milestone, spurred on by a flurry of new deals, yet a meme newcomer called Little Pepe (LILPEPE) is stealing some of that thunder after its presale hauled in $200,000 just after launch.…

Shopify will begin letting merchants accept stablecoin payments in USDC starting later this month. The move was first reported by Fortune on June 12 and marks the company’s most extensive crypto integration to date. Select U.S. merchants will be able to accept USD Coin (USDC), a dollar-pegged stablecoin issued by crypto firm Circle, which recently completed one of the year’s largest IPOs. The pilot program will begin later this month. Shopify plans to expand stablecoin payments to all merchants across the U.S. and Europe by the end of 2025. The rollout is powered by a collaboration with Coinbase and Stripe.…

GameStop has raised the size of its planned convertible note sale to $2.25 billion from the original $1.75 billion. According to the company’s June 12 press release, the notes, which do not pay interest and are due in 2032, will be sold privately to large institutional investors. GameStop also gave buyers the option to purchase an extra $450 million worth of notes, which could bring the total to $2.7 billion. The company expects the sale to close on June 17. After fees and costs, GameStop says it will receive about $2.23 billion, or $2.68 billion if the additional notes are…

The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions within the Center East rattled buyers.  Following information that Israel had launched a serious army operation in opposition to Iran, digital property tumbled sharply. The whole crypto market capitalization dropped 7% over the previous 24 hours to $3.3 trillion. Bitcoin (BTC) declined round 5%, buying and selling at $103,464 as of press time. Ethereum (ETH) fell 10% to $2,471, whereas Solana (SOL) dropped 11% to $141. XRP (XRP) and BNB (BNB) additionally misplaced floor, down 6% and 4% respectively. Information from CoinGlass reveals that crypto liquidations surged 125%…

U.S. shares gained on Thursday as buyers weighed smooth inflation knowledge and rising expectations of a Federal Reserve rate cut, with robust tech earnings serving to offset commerce uncertainty and sector-specific losses. The S&P 500 rose 0.38% to shut at 6,045.26, led by a rally in large-cap tech shares. The benchmark index now sits lower than 2% beneath its all-time excessive. The Nasdaq Composite added 0.24%, whereas the Dow Jones Industrial Common climbed 101.85 factors, or 0.24%, to 42,967.62. Oracle was the day’s standout performer, surging 13% after reporting better-than-expected quarterly outcomes and projecting over 70% progress in cloud infrastructure…

A controversial $45 million Bitcoin donation by an entrepreneur convicted of working a darkish internet market is rocking the Czech political scene. A Bitcoin (BTC) donation is shaking the Czech political panorama. On Thursday, June 12, the Czech opposition known as for a no-confidence vote on the government over alleged corruption. The scandal includes the donation of 468 bitcoins, value $45 million, to the state by an ex-convict. The benefactor was Tomáš Jiříkovský, a controversial entrepreneur and drug trafficker who operated a darkish internet market for unlawful medicine. He was convicted in 2017 for drug trafficking, fraud, and unlawful weapons…

Key Takeaways Beneath the act, the CFTC would change into the lead regulator for many digital belongings, with issuers retaining the choice to register with the SEC in the event that they plan to focus on institutional buyers immediately. A brand new modification states that sure non-controlling blockchain builders and repair suppliers is not going to be categorized as cash transmitters, sparing them from in depth registration necessities. In a landmark improvement for the U.S. crypto business, the Digital Asset Market Readability Act—often known as the CLARITY Act—has efficiently handed by means of two essential House committees and can now…