Research: Bitcoin, Ethereum derivatives are unwinding
Data analyzed by CryptoSlate showed that roughly $3 billion worth of Bitcoin derivatives positions have been closed out in two months.
JP Morgan believes regulation will lead to convergence of crypto, TradFi
JP Morgan said regulation is coming to crypto following the FTX collapse and highlighted the importance of self-custody, asset security, and customer protection.
Bitfinex’s reserves are 91% Bitcoin, Ethereum
Bitcoin and Ethereum accounts for 63% of Coinbase, and 15% of Binance.
Nearly $300M liquidated in 12 hours as market turns red
Concerns around the liquidity of FTX and Alameda Research fueled contagion fears, bringing the crypto market down and causing huge liquidations.
Deribit is part of creditors that made 3AC liquidation calls
According to the court filings, Deribit claimed, "the company is or is likely to become unable to pay its debts as they fall due, and therefore insolvent."
Bitcoin sees sharp decline in correlation with tech equities, Kaiko says
Bitcoin remains mostly uncorrelated to gold and its correlation with tech equities declined in June.
SEC commissioner Hester Pierce criticizes agency’s resistance to Bitcoin spot ETP
Hester Pierce mentioned that Spot ETPs have launched in countries like Canada, and in Europe, generating great investor interest despite the volatile nature of the market.
More troubles for Three Arrow Capital as 8Blocks accuses it of $1M misappropriation
8Blocks want firms still holding Three Arrows assets to freeze them so that their debtors can be paid back after legal proceedings.
FTX and Goldman Sachs reportedly in talks over derivatives trading
FTX.US president Brett Harrison says major futures commission merchants are open to the exchange’s proposal.
Derivative staking rewarding up to 40% to combat bear market
Bifrost is pioneering derivative staking to generate up to a 44% return through turning staking tokens into liquid derivatives.
Brokerage giant Nomura starts offering Asian clients BTC derivatives
Crypto trading firm Cumberland DRW completed Nomura’s first BTC derivative trade on the CME Group platform.
Bybit exchange rolls out options trading as part of expansion plans
Ben Zhou, Bybit’s CEO, says the exchange launched options trading following strong demand from its clients.
Grayscale: The SEC must get comfortable with spot Bitcoin ETF
With the approval of a fourth Bitcoin futures ETF, SEC’s arguments for rejecting spot Bitcoin ETFs are running thin, according to Grayscale CEO Michael Sonnenshein.
Struct Finance’s customizable DeFi products raise $3.9 million
At a recent founding round, Struct Finance raised $3.9 million from 24 investors who see the potential in creating structured DeFi products.
Synthetix to launch perpetual futures on Ethereum scaling solution Optimism
Later this week, the synthetic assets protocol Synthetix will launch its service on Optimism, the optimistic roll-up scaling solution on Ethereum. The launch will imply an upgrade to the protocol, and trading will initially be limited.
FTX Europe becomes the first crypto exchange licensed under Dubai’s regulatory framework
FTX Europe became the first approved virtual asset exchange to offer complex crypto derivatives dedicated to professional institutional investors within the highly regarded international jurisdiction.
Goldman Sachs looking to expand its crypto-related services
The Wall Street giant already offers its wealthiest clients the option to invest in select cryptocurrencies and is now looking to offer over the counter bilateral crypto options.