Bottom line: Clarity isn’t likely to come up for voting before next week — the final days before the chamber’s summer break is set to start on August 8. The hotly debated market structure bill isn’t yet ready for a vote, anyway, as the parties continue to try to seek a compromise on a contentious […]
POSCO International, South Korea’s largest trading company, has begun tokenizing trade receivables on blockchain in a test that could speed up commercial payments between its global subsidiaries. The company, which generated $22.2 billion in revenue last year from businesses spanning steel, energy and battery materials, is working with LG CNS, the technology arm of LG […]
“This action runs counter to the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk. So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where Chairman Mike Selig has taken an aggressive legal stance defending […]
The Bank of Japan is preparing to raise interest rates at its December policy meeting, a shift that would lift the country’s benchmark rate to its highest level since 1995 and potentially reverberate through global risk markets, including crypto. People familiar with the matter told Bloomberg that policymakers are leaning toward a 25-basis-point hike to […]
From $140K Calls to $80K Puts
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Bitcoin BTC$90,733.77 options have flipped the script with a full 180-degree shift from last year’s uber bullish bets to a sharply bearish stance. Since late last year, traders were aggressively chasing bullish moves by piling into call options at strikes of $100,000, $120,000, and $140,000 on Deribit. Up until recent weeks, the $140,000 call was […]
The U.S. Department of Justice is sending a message with its recent effort to seize $225 million in crypto tied to pig butchering scams: these funds were stolen from victims. At least, that’s the takeaway from Phil Selden, a member at Cole Schotz PC and former acting US Attorney for the District of Maryland. The […]