An oil-linked perpetual contract tracking a barrel of West Texas Intermediate crude racked up more than $1.2 billion in trading volume over the past 24-hours, flipping Ether to become the platform’s second-most traded market. www.bloomberg.com/news/article...
Posts by Sidhartha Shukla
Bitcoin’s ‘Uptober’ Is Ending on a Down Note
Gold is on pace for its best annual performance in nearly half a century
Michael Saylor's Bitcoin experiment is facing a market backlash, raising questions about the sustainability of the corporate-treasury model he pioneered.
Trump’s 50% tariff threat could give India the highest tariff rate in Asia, putting at risk a manufacturing sector that Prime Minister Narendra Modi has spent a decade trying to build to take on the likes of China
BlackRock’s iShares Bitcoin Trust tops $90 billion in assets as the largest cryptocurrency hits record high above $124K
US Ether ETFs saw record $4.5 billion in trading volume on Wed as token nears 2021 peak, just 1.7% away
Investors pulled a net $465 million from US Ether ETFs on Monday — the group’s biggest one-day outflow yet.
From offshore chaos to onshore control.
The US now sets the tone in Bitcoin markets.
What began as part of the cypherpunk rebellion is now being absorbed into the TradFi machine.
IBIT’s rise is wild:
$86B in AUM
$34B in options open interest
Daily volumes topping high-yield and EM bond ETFs
It’s highly unusual for an ETF to develop an option market of this magnitude ever, let alone eight months after launch: Rocky Fishman, founder of Asym 500 LLC.
🧵Bitcoin was born to escape Wall Street. Now it’s being priced by it.
The biggest emerging force in BTC options today? BlackRock’s IBIT ETF
No matter who clinches South Korea’s presidential election this week, one outcome is certain: the country’s crypto industry is poised to win.
www.bloomberg.com/news/article...
The Witcher 3 is getting one more patch later in 2025, bringing cross-platform mod support to the game and making mods available on consoles for the very first time.
A divergence is emerging in US exchange-traded funds as investors move from gold to its so-called digital counterpart, Bitcoin
Global bond jitters are spilling over into Japan, a corner of the market that for decades experienced barely any volatility. Here's why ⤵️
Stablecoins are money market funds and stablecoin issuers are asset managers >>
By cooperating on a joint stablecoin, big banks could shield themselves individually from the reputational risk of it being used to fund crime or terror
www.bloomberg.com/opinion/arti...
"The majority of Telegram groups in Vietnam contain what the regulator called “toxic” information, including groups accused of spreading anti-government content and crimes such as fraud, selling user data and drug trafficking"
Ethereum is trying to sell itself as infrastructure — solid, secure… and boring. That might work in the long run. But in today’s market, with the “degen” culture of apeing into memecoins for short-term gains, its trillion-dollar pitch may be a trillion dollars too soon.
“People are getting fed up. It’s clear that there are no adults in the room in Washington. Zero. No accountability,” said John Fath, managing partner at BTG Pactual Asset Management US LLC.
www.bloomberg.com/news/article...
From crypto to licensing deals, here’s how Trump has positioned his family to make more money while he’s in the White House
Read more: www.bloomberg.com/features/202...
Australia's Monochrome Bitcoin ETF sees highest inflow as Bitcoin hits new record
Even as they look increasingly likely to be shunned under new US regulations, a rapidly growing crop of stablecoins that pay interest to holders is emerging as a threat to market leaders Tether Holdings SA and Circle Internet Group Inc.
*S.KOREA’S KBANK TO SEEK IPO FOR THIRD TIME, YONHAP NEWS REPORTS
A look at South Korea's Bithumb as it preps for a 2025 IPO; Kaiko says Bithumb held 36% of the country's crypto trading in Jan. 2024, up from 11.5% in Jan. 2023 (Sidhartha Shukla/Bloomberg)
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