Author: Vickie Helm

BlackRock, recognized as the largest asset manager globally, is looking to enhance its presence in the digital asset sector after the successful debut of its Spot Bitcoin and Ethereum ETF in 2024. Various asset management firms in the US are working to leverage their capital as a new revenue stream by marketing their asset BUIDL as a collateral option in the virtual currency derivatives space. BlackRock’s BUIDL: A New Player in Derivative Collateral According to a report from Bloomberg, BlackRock has begun offering BUIDL as collateral in the cryptocurrency derivatives arena. BUIDL, which stands for BlackRock USD Institutional Digital Liquidity…

Ethena has recently exhibited a significant bullish trend on its 1-day chart, indicating the potential for an increase of over 65% from its current price point. In the last week, Etena (ENA), a leading USDe stablecoin, has surged by 24.4%. As of October 14, its market capitalization exceeded $1 billion, with the current value standing at $1.14 billion—an impressive 200% increase since the lows experienced in September. The daily trading volume has surpassed $318 million. Market analysts have observed that Etena has emerged from several bullish patterns on the daily chart, making the case for additional price increases. A trader…

The U.S. Securities and Exchange Commission (SEC) has provided “early approval” for Bitcoin options exchange-traded funds (ETFs) to be listed on both the New York Stock Exchange (NYSE) and the Chicago Options Exchange (CBOE). In a filing dated October 18, the SEC confirmed that it has authorized the NYSE and CBOE to start listing and trading options related to Bitcoin ETFs. Options are financial instruments that give investors the right, but not the obligation, to buy or sell an asset at a predetermined price before a specified date, which can be classified as “call” or “put” options. This development is…

Opeyemi is a talented writer and a passionate advocate of the fascinating realm of cryptocurrencies. Initially, the digital asset sector wasn’t his primary interest, but after dedicating over two years to it, he finds himself utterly captivated. Today, Opeyemi takes great pride in crafting insightful articles that simplify the complexities of blockchain technology and provide updates on the latest developments in the crypto world. With a keen interest in the cryptocurrency landscape, Opeyemi spends a significant portion of his day analyzing various price charts. While “seeing” might seem like a straightforward way to describe the process of examining and interpreting…

Disclosure: The views expressed in this article are solely those of the authors and do not reflect the views or opinions of the editors at crypto.news. For many years, the concept of blockchain interoperability has been highly discussed and is considered a top priority in the world of cryptocurrency and Web3. Despite the numerous platforms and initiatives working towards improving communication between different blockchains, achieving widespread interoperability remains a challenge for the expanding ecosystem. Despite the recent fluctuations in cryptocurrency market values, the foundational aspects of the digital asset field, particularly blockchain, have developed significantly. These technologies have become more…

Key Highlights Bitcoin ETFs experienced record net inflows of $21 billion, marking a historic high. Among the standout performers that drove this week’s surge were ARKB and IBIT. Spread the word On Friday, net inflows into US Spot Bitcoin ETFs reached an impressive $21 billion, as demand for these investment vehicles continues to rise. Over the past week, these ETFs have collectively gained more than $2 billion, extending a successful streak to six consecutive days, according to insights from Pharcyde Investors.On a single day, the Spot Bitcoin ETF, omitting Valkyrie’s BRRR, saw around $273 million in new investments. Leading the…

Key Highlights The recent SEC approval for Bitcoin ETF options on the NYSE and CBOE is set to transform the landscape of crypto derivatives trading. Implementing new limits on positions and exercises serves to mitigate the risks of market manipulation in this evolving arena. Share this article The SEC has granted approval for trading options related to Bitcoin ETFs available on the New York Stock Exchange and the Chicago Board Options Exchange. This development enables traders to utilize Bitcoin Exchange-Traded Products (ETPs), including Grayscale Bitcoin Trust, Grayscale Bitcoin Mini Trust, and Bitwise Bitcoin ETF, as the foundation for options trading.…

Bitcoin has been on an upward trajectory after crossing the $60,000 mark and is now inching closer to the $70,000 milestone, a height it hasn’t attained in several months. With escalating market enthusiasm, many investors are left contemplating whether Bitcoin can achieve new all-time highs or if it will encounter challenges at critical resistance levels. Positive Market Sentiment The Fear and Greed Index, a gauge of market sentiment among traders, currently indicates a “greedy” sentiment at approximately 70. While this signals a generally optimistic outlook, it remains significantly lower than the extreme greed levels that often precede market corrections. This…

Connect with Nikolaus on X This week, critics of El Salvador’s Bitcoin policy found new justification for their stance. According to a recent poll, only 7.5% of Salvadorans engage in Bitcoin transactions, leaving a substantial 92% on the sidelines. While some observers may interpret this as a failure of the initiative (notably Steve Hanke), I hold a differing view. Beyond the burgeoning tourism sector, increased commercial activity, and the country’s heightened global visibility, El Salvador’s move to recognize Bitcoin as legal tender has delivered many benefits.With a population nearing 6.3 million, it’s noteworthy that 475,000 Salvadorans (equating to 7.5%) actively…

Published April 18, 2024 The City is pleased to announce the release of Go South Gate, the City’s official app to enhance communication with the community. The app, provided by Rock Solid, is titled “Go South Gate” and is available for free on any Apple or Android device from the app store. After downloading, residents can create a profile, enter service requests, search for city information, and set alerts for city news. Users will be able to track their service requests through the application. Service requests users can make include illegal dumping, road repairs, graffiti,…