Author: Coindesk
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As a result of this significant development, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit YTD highs above 18%, and traders heavily bought $4000 calls for 24 May 2024 and 31 May, Presto Research analysts wrote in a note shared with CoinDesk. Read the full article here
Bitcoin (BTC) is adding to gains alongside ETH’s advance, now higher by more than 5% and just shy of the $70,000 mark. Also on the move is the Grayscale Ethereum Trust (ETHE), a closed-end fund that Grayscale has proposed converting into a spot ETF. It’s recently been trading at more than a 20% discount to net asset value as investors bet against SEC approval, but is now higher by more than 23% on Monday. Read the full article here
COPA, which is backed by Jack Dorsey and Coinbase, among others, put the question directly when it filed suit in 2021. Then, over several weeks in a U.K. court, the group was able to systematically prove to the court that Wright had been forging documents, spewing lies and filing costly and wasteful lawsuits for years. Read the full article here
U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl. Read the full article here
That doesn’t mean the ETFs will be authorized, though. Would-be issuers also need their S-1 applications approved before the products could begin trading. SEC could take an indefinite amount of time to approve the S-1 documents, one person familiar with the matter said, as it isn’t tied to a deadline. Read the full article here
For blockchain developers, it’s red meat. For others, it may sound unfamiliar. For everyone, including those somewhere in between, the three days are packed with opportunities to learn about the hottest crypto tech on Bitcoin, Ethereum, Solana, Cosmos and XRP Ledger – from the world’s top experts. Read the full article here
A Monday rally during the U.S. trading day put an end to what had been very muted crypto price action over the previous 72 hours, pushing bitcoin (BTC) above $68,000 for the first time in more than five weeks. At press time, the world’s largest crypto was changing hands at $68,250. Read the full article here
“Michael guided the firm through exponential growth & oversaw its pivotal role in bringing spot bitcoin ETFs to market, leading the way for the broader financial industry,” Barry Silbert, CEO of Grayscale’s parent company Digital Currency Group, wrote on X. Read the full article here
Like spatial computing, Web3 is also an umbrella term, liberally thrown together with terms like blockchain, digital assets, DeFi and the rest of the crypto-jargon dictionary. But most people embedded in the crypto sphere have little grasp of how meaningless these words are to the lay person – and it’s not for a want of understanding their implications. Read the full article here