Bitcoin’s record highs push big banks’ profits to billions — Report
As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts. Go to Source
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Bitcoin rally to $68.4K may have been the Uptober top — Here’s why
Bitcoin’s price rejection at $68,500 and the record high use of leverage could be signs that BTC is in for a sharp correction. Go to Source
Blockchain data firm Arkham to launch derivatives exchange: Report
Arkham Intelligence’s token, ARKM, is up more than 16% on the news, according to CoinGecko. Go to Source
Crypto Biz: Axelar’s new interoperability stack goes live
With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications. Go to Source
Geopolitical tensions, US elections favor Bitcoin ‘debasement trade’: JPMorgan
If Donald Trump wins the United States presidential elections in November, the trend could accelerate, according to the report. Go to Source
Nasdaq aims to list Bitcoin Index options in US
The announcement follows withdrawals of older applications, signaling progress with regulators. Go to Source
Hong Kong to enhance digital asset regulation in 18 months
By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions. Go to Source
Bitcoin ‘late longs’ washed out as BTC price falls to $65K
Bitcoin leveraged positions increased over the past week, and a portion of these late longs have been wiped out as BTC price dropped closer to $65,000. Go to Source
Bitcoin traders flag ‘inflection point’ in key futures market metric as BTC breaks range
Crypto traders say Bitcoin is at an “inflection point” after BTC’s open interest rises and the cryptocurrency’s price pushes into a new range. Go to Source
Record $39.4B Bitcoin open interest suggests imminent price breakout
Open interest is often used to gauge the interest and liquidity behind an asset. In Bitcoin’s case, the surge in open interest could signal an imminent breakout. Go to Source
