Today in crypto, Franklin Templeton filed for two US exchange-traded funds designed to convert stock dividends into Bitcoin exposure, Binance’s European Union license application raised questions about the influence of the bloc’s institutions, and Celsius founder Alex Mashinsky permanently lost the ability to trade on US commodities markets. Franklin Templeton pursues Bitcoin-linked ETFs Asset manager…
Financial services giant Charles Schwab will reportedly enter the prediction markets business by offering customers wagers on the S&P 500. According to a Friday Wall Street Journal report, Charles Schwab is planning to launch options contracts allowing users to place yes-or-no wagers on the performance of the S&P 500 stock market index. The move, expected…
Key takeaways: Puts (sell) options dominate the June 26 expiry with net advantages of $1B to $3.4B, leaving bulls exposed. Despite Strategy buying BTC again, heavy call (buy) positioning above $72,000 will likely reinforce bearish momentum. $13 billion in Bitcoin (BTC) options open interest is set to expire on June 26, potentially giving bears fresh…
Wisconsin Representative Bryan Steil, who chairs the House subcommittee on digital assets, introduced a law to prevent certain public officials from “wagering on public policy issues and political outcomes,” notably without mentioning lawmakers in the White House. In a Thursday notice, Steil said he had introduced the Stop Lawmakers from Predicting Act, which could bar…
Charles Schwab is working with Cboe Global Markets to launch a new type of options contract that would allow customers to make yes-or-no wagers on the performance of the S&P 500, marking the brokerage’s first move into prediction markets, according to a Wall Street Journal report. The feature is expected to roll out to Schwab…
For years, Bitcoin miners were little more than leveraged bets on BTC prices. That’s changing fast. As mining margins tighten and demand for AI computing accelerates, the industry’s biggest players are discovering that access to power and data center infrastructure may be more valuable than hash rate. That shift gained further validation this week as…
Andrew Tate, founder of the Real World, a company that sells online education courses on trading, lost nearly $100,000 while betting on Bitcoin (BTC) between Wednesday and Thursday. Key takeaways: Tate’s wallet balance drops to $14,000 from $100,000 in a day. The social media influencer has lost around $804,000 on Hyperliquid. Tate’s wallet balance drops…
The pressure came from a wider retreat in markets. Global equities slipped in holiday-thinned trading, with US, Chinese, Hong Kong and Taiwanese markets closed, and a gauge of Asian shares falling 0.6% after a five-day run to record highs. Brent crude traded around $79 a barrel, down about 9% on the week, as shipping through…
The largest cryptocurrencies remained under pressure for a fourth straight day, with bitcoin falling 2.5% in 24 hours to just below $62,400. It’s not alone. The CoinDesk 20 Index (CD20) has dropped 3.3%, with ether (ETH), XRP (XRP) and solana (SOL) all weaker. The CoinDesk Smart Contract Platform Select Capped Index fell 4%, and the…
Bitcoin BTC$62,487.16 mining company GoMining said it is making it easier for companies to accept bitcoin BTC$62,487.16 payments, bringing it into competition with companies including Block’s (XYZ) Square. Where GoMining says it differs from incumbents is that the entire transaction is completed in bitcoin. Many competitors, including Square, allow customers to pay in bitcoin while…
