The correlation between Bitcoin (BTC) and Nasdaq 100 reduced this month after reaching a record of .8 last month, according to a new Kaiko report. While Nasdaq closed the week on a positive note of over 7%, Bitcoin continues to trade in the $21,000 range. But Bitcoin remains mostly uncorrelated to the asset it has…
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! U.S. Securities and Exchange Commission (SEC) Commissioner Hester Pierce believes that it is time for the regulator to approve a Bitcoin spot exchange-traded product (ETP). Speaking at an event about regulating the crypto space, Pierce highlighted the refusal of the SEC…
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! A Twitter thread by Danny Yuan, the head of crypto trading at 8Blocks Capital, has raised new allegations against the embattled crypto hedge fund, Three Arrows Capital(3AC). According to Yuan, Three Arrows used $1 million of his company’s fund to answer…
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! According to a report from Barron’s, Goldman Sachs is discussing with leading crypto exchange FTX to add some of its derivatives business into its operation. Per the report, Goldman Sachs wants FTX to integrate some aspects of their derivatives businesses, such…
The Dotsama derivative staking platform, Bifrost, has launched a new Rainbow Boost incentive program. The loyalty scheme aims to “incentivize liquid staking and activity on-chain.” Any wallet that participated in the Kusama Crowdload will be airdropped with respective “KAR, MOVR, SDN, PHA, and BNC” tokens. Further rewards are reported to include NFTs and priority whitelists…
Japanese financial services company Nomura Holdings has rolled out Bitcoin (BTC) derivatives for Asian institutional clients. A report unveiled this news earlier today, noting that the leading brokerage firm decided to introduce this offering following high institutional demand. This development marks the latest move by a traditional financial institution into crypto. According to the report,…
Singapore-headquartered crypto exchange Bybit has added crypto options trading to the suite of products it offers. A press release revealed this news earlier today, noting that the company decided to roll out options trading based on user feedback. This launch further bolsters Bybit’s product line, which features spot, derivatives, mining, and staking offerings, to name…
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › A fractal is a repeating pattern often found all throughout nature. It is only fitting then that Covesting strategy manager Fractalz is working toward a repeating pattern: one where they dominate the Covesting leaderboards on PrimeXBT…
Michael Sonnenshein, CEO of the largest bitcoin and crypto fund Grayscale, has argued that the SEC’s justifications of why it approved Bitcoin futures ETFs but not spot ETFs, don’t add up. The plot thickens on the path to $GBTC’s spot #Bitcoin #ETF conversion… — Sonnenshein (@Sonnenshein) April 7, 2022 The tweet was posted moments after…
Struct Finance offers a protocol where on-chain structured products can be composed, customized and invested in so that they are better suited to different profiles of investors. They collected a total of $3.9 million from 24 elite investors, including Avalanche’s 200 Million Blizzard Fund, Antler, Avalaunch, Infinity Ventures Crypto, Keychain Capital and 0xVentures. What are structured…