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CME Group plans to launch bitcoin spot trading: FT
CME Group plans to launch bitcoin spot trading: FT

The Chicago Mercantile Exchange (CME) Group is considering launching bitcoin spot trading, according to a report.Discussions have been ongoing with traders, though the plan for spot trading rollout has not been finalized.

The Block·2024/05/16 07:25
Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000
Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000

Spot Bitcoin exchange-traded fund inflows have surged to a two-week high as the underlying asset pumped 7% on key US inflation data.

Cryptopotato·2024/05/16 06:43
Wisconsin State BTC Investment Could Cause Chain Reaction From Other States
Wisconsin State BTC Investment Could Cause Chain Reaction From Other States

The U.S. state of Wisconsin has recently revealed that it invested in a Bitcoin exchange-traded fund leading to speculation that other states could follow.

Cryptopotato·2024/05/16 06:43
This Is How Many New Tokens and Meme Coins Have Emerged on Ethereum and Solana Since Apr 1
This Is How Many New Tokens and Meme Coins Have Emerged on Ethereum and Solana Since Apr 1

Most of the tokens were launched on the Solana network.

Cryptopotato·2024/05/16 04:58
Spot bitcoin ETFs report $302 million inflows led by Fidelity’s FBTC
Spot bitcoin ETFs report $302 million inflows led by Fidelity’s FBTC

U.S. spot bitcoin exchange-traded funds recorded a total daily net inflow of $302.97 million.The largest daily inflow was seen from Fidelity’s FBTC, which drew in $131 million.

The Block·2024/05/16 04:43
Flash
  • 16:13
    Cumberland received 20 million USDT from Tether Treasury and deposited it on the exchange 1 hour ago.
    According to Lookonchain's monitoring, after 12 days of dormancy, Cumberland received 20 million USDT from Tether Treasury and deposited it on the exchange one hour ago.
  • 16:12
    Robinhood Cryptocurrency Trading Volume Down 57% YoY in April
    Cryptocurrency trading volume at Robinhood Markets Inc. more than halved in April, outpacing declines at rival exchanges as retail investor interest in digital assets cooled.Robinhood said in an operations report Wednesday that cryptocurrency notional volume was $10.1 billion last month, down from $23.6 billion in trading volume in March which was 57 percent. It was still up 173 percent from the same period last year. In addition, the stock trading platform's average daily revenue trading volume, which is used to indicate the number of trades generating commissions each day, fell 43 percent to about 400,000 trades. This drop was more pronounced than that of other cryptocurrency exchanges. Spot trading volume on centralized exchanges such as Coinbase, Binance and Kraken (excluding Robinhood) plunged 32.6 percent to $2 trillion last month, according to research firm CCData. It was the first such drop in seven months, with investor demand for crypto assets weighed down by Bitcoin's retreat from March's record highs.
  • 16:11
    CF Benchmark: Options Traders Expect a Short-Term Price Adjustment for Bitcoin
    According to CF Benchmarks' analysis of Chicago Mercantile Exchange (CME) bitcoin futures and options, options traders expect a short-term price correction for bitcoin, as investors are ready to pay a premium for short-term downside protection despite yesterday's weak U.S. CPI inflation report. CF Benchmark analysts said that despite Bitcoin breaking above the $66,000 mark yesterday, "implied volatility remains higher for out-of-the-money puts compared to calls," in addition to the volatility curve between long-term puts and calls being "flatter " and slightly skewed for call options, suggesting that investors are more optimistic about Bitcoin's long-term prospects.