Cryptocurrency

Record Bitcoin Options Expiry Marks End of 2024

Friday. December 27 at 12:00 PM

1 min. read

The market is concluding 2024 with the largest Bitcoin options expiry ever, totaling $18 billion in Bitcoin and Ethereum contracts. This event signals potential excitement and surprises for traders and investors. The Bitcoin options expiry includes 88,537 contracts, four times more than the previous week, while Ethereum options total 796,021, 4.5 times higher than before. The expiring Bitcoin options are valued at a record $14.38 billion, with Ethereum options at $3.7 billion. The increasing value of expiring options indicates traders' profit expectations and demand for risk hedging. Both Bitcoin and Ethereum have specific maximum pain prices and put-to-call ratios, reflecting market sentiment and hedging activities. Analysts are closely watching this expiry to gauge market direction as 2025 approaches. It is essential for readers to verify information independently before making any decisions based on this news.

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Allegations of Misappropriation in Solana Co-founder's Divorce Case

Saturday. December 28 at 8:00 AM

Solana co-founder Stephen Akridge is facing accusations from his ex-wife, Elisa Rossi, of misappropriating substantial gains from Solana (SOL) tokens. Rossi claims that Akridge used his crypto expertise to divert staking rewards from her digital wallet, resulting in significant financial losses. The exact value of the disputed tokens remains undisclosed, but Rossi describes them as substantial. The couple filed for divorce in February 2023 after a decade of marriage. The lawsuit alleges breach of contract, unjust enrichment, and fraud. Meanwhile, the liquid staking market on Solana is gaining popularity, offering users additional rewards through proxy tokens. In other news, the crypto community reacts to new regulations, Bitwise launches a Bitcoin Standard ETF, and industry experts predict a more favorable regulatory climate for crypto under the Trump administration. Disclaimer: The opinions expressed in this article are those of the writers and do not constitute investment advice. Readers are advised to conduct their own research before engaging in cryptocurrency trading.

Cryptocurrency

Japan Strengthens Oversight on Crypto Exchanges

Friday. December 27 at 6:00 PM

Japan's Financial Services Authority (FSA) is enhancing internal audit processes at financial institutions, including crypto exchanges, to align with global regulatory standards. The FSA plans to address industry gaps through roundtable discussions involving key industry players like the Japan Cryptocurrency Exchange Association. Recent monitoring reports by the FSA revealed weak audit practices among firms, leading to plans for revised guidelines with enhanced auditing measures. The agency also issued warning letters to unregistered exchanges, emphasizing the importance of customer protection and regulatory compliance. Despite a cautious stance on Bitcoin integration into reserves, Japan remains a digital asset-friendly nation with ongoing efforts to reform crypto taxation laws. The country's approach reflects a commitment to consumer protection and regulatory compliance in the crypto space. Stay informed with daily updates on X for the latest developments in the crypto industry.

Cryptocurrency

Record Bitcoin Options Expiry Marks End of 2024

Friday. December 27 at 12:00 PM

Cryptocurrency

Bitcoin Price Crash: Social Media Sentiment as a Predictor

Friday. December 27 at 11:00 AM

Bitcoin experienced a significant crash, wiping out the gains made during the Christmas rally. The drop from nearly $100,000 to around $95,000 in just one day may have been influenced by social media sentiment. Analytics firm Santiment highlighted the importance of 'Social Dominance,' which tracks the percentage of social media discussions related to top cryptocurrencies. Posts about price targets like $90,000, $100,000, and $110,000 reflected varying sentiments - bearish, neutral, and bullish respectively. The Social Dominance for the $110,000 target surged during the recent rally, indicating bullish optimism. However, historical trends suggest that excessive hype often leads to price reversals. Previous spikes in Social Dominance coincided with Bitcoin price declines. The latest rally's failure to sustain gains aligns with this pattern, with Bitcoin currently trading around $96,100, down nearly 4% in the past week.

Cryptocurrency