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The post "Bitcoin Options Traders Anticipate Short-Term Price Correction" first appeared on 36crypto.com News. #Bitcoin options traders are bracing for a possible short-term price pullback despite the revised report on CPI inflation in the U.S., which is based on CF Benchmarks' analysis of options on futures of CME bitcoin. Bitcoin Breaks Out Amid Inflation Report The analysis detects that while bitcoin saw a breakout above $66,000 after the favorable inflation report, higher implied volatility for OTM puts is still displayed than for calls. This implies that the premium put on OTM derivatives traders has gone higher, hence being bearish as a short-term market indicator. The rise in implied volatility for OTM puts demonstrates that the trader is protecting against the possible drop in the bitcoin price. Implied volatility (IV) is used in the options world to predict a priced asset's likely future price fluctuations. On the contrast side, they did not see flat curve volatility, with a slight bias towards puts based on longer-term puts and calls. This, therefore, represents the fact that investors are confident about Bitcoin's prospects in the long term. The researchers stated that there is a possibility of watching the skew to calls increase when the positive effect of CPI on inflation is felt. The sideways move for longer-dated put and call options could also be considered a frequently participated activity of institutional investors, as sentiment swings less influence them. CME Eyes Bitcoin Spot Market Launch The Financial Times they were informed that the CME Group is also studying the introduction of spot trading of bitcoin along with its already available futures products. The team is discussing this possibility with traders who trade on exchanges based on crypto on a regulated platform. The bitcoin spot trading launch on CME would give traders access to profit via basis trades in the spread between futures prices and the price of the concrete asset. CME Group, which is the owner of the biggest futures market in the world, settled bitcoin futures trading. Bitcoin option traders buy put options to protect themselves from a possible price decline in the short term, but at the same time, they are confident of the long-term picture. The potential addition of the bitcoin spot trading by CME Group to the market players could also have a profound effect on the market, thus providing new chances for investors. As the market gets through these developments, the trade strategies and decisions of options traders will become increasingly crucial to the future of Bitcoin.
Mastercard Expands Start Path Program to Boost Blockchain Innovation Globally
The post "Mastercard Expands Start Path Program to Boost Blockchain Innovation Globally" first appeared on 36crypto.com News. Mastercard announced the latest additions to its Start Path blockchain program, designed to upgrade the user experience and create various blockchain applications. This project is based on Mastercard's broad knowledge of digital payments and helps create practical and innovative blockchain solutions for different sectors. Mastercard Partners with Blockchain Startups Worldwide The program calls for a chosen group of startups to work closely with Mastercard, thus gaining its worldwide network and knowledge of payment systems. The partnerships aim to improve the application of blockchain technology and, thus, solve real-world problems with strong digital solutions. This combination of established financial systems with emerging digital assets will be a great way to make the processes and user interface of digital commerce more efficient. The participants are Kulipa from France, who is involved in the integration of cryptocurrency payments into digital wallets, and Parfin from the UK, who is the one who develops software to help financial institutions adopt blockchain technologies. Peaq from Singapore gives a platform for digital operations that have no geographical limits. Start Path Advances Digital Transactions Globally The US-based Triangle combines environmental data with financial insights to motivate sustainable practices, and Venly from Belgium helps developers and businesses adopt blockchain so that it can boost growth and digital transformation. Continuous work on #blockchain advancements is implied in the ongoing commitment to blockchain innovation. Since its establishment in 2014, Start Path has assisted over 400 startups from 54 countries. Consequently, it is the main driver of innovation and the expansion of financial inclusion. Mastercard's enthusiasm for blockchain technology is a sign of its capability to open up new economic opportunities and simplify worldwide transactions through stablecoin payments. The Start Path program emphasizes Mastercard's position as a driver of the blockchain space. Thus, it promotes the main developments in digital transaction management and asset integration worldwide.
Brothers Arrested for $25 Million Ethereum Heist, Shaking Blockchain Security
The post "Brothers Arrested for $25 Million Ethereum Heist, Shaking Blockchain Security" first appeared on 36crypto.com News. An unexpected twist happened when two brothers, Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, were arrested after the alleged exploitation of the weaknesses in the #Ethereum blockchain to steal $25 million in a few seconds. The pair will face charges of conspiracy to commit wire fraud and conspiracy to commit money laundering, and they will have to appear before the magistrate judges in Massachusetts and New York. Brothers' MEV Heist Shakes Blockchain Security Through their advanced knowledge in mathematics and computer science, the brothers planned a sophisticated heist that was based on the "maximal extractable value" (MEV). This method, which is fundamental in the decentralized finance field, is geared to the maximum value that can be obtained from blockchain transactions. Their operation was directed at MEV bots, which are used in crypto arbitrage trading, and to steal a theft that was accomplished in just about 12 seconds. This case is a landmark in legal history, as it is the first such case dealing with complex digital crimes that have never been charged before. U.S. Attorney Damian Williams stressed the scheme's newness and the determination of law enforcement to go after the individuals who endanger the financial systems, no matter how complicated the tactics. The incident has caused worries over the security facilities in the blockchain and decentralized finance fields. It points out the necessity of developing stronger procedures to avoid such exploits and stresses the difficulties regulators face in the fast evolution of technology in financial systems. As the brothers get ready for their day in court, the crypto community and regulators watch the event's results. This case not only highlights the weaknesses embedded in digital assets but also sets a precedent in the way legal systems adapt to the problems of high-tech financial crimes.
Millennium Management's $2 Billion Stake Crowns It Largest Holder of Major Bitcoin ETFs
The post "Millennium Management's $2 Billion Stake Crowns It Largest Holder of Major Bitcoin ETFs" first appeared on 36crypto.com News. Millennium Management has become the largest holder of Bitcoin ETFs, including the iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC). The company’s recent SEC filing reveals a significant investment of nearly $2 billion, which represents about 3% of its $64 billion fund. Significant Investment in Major Bitcoin ETFs The SEC filing shows Millennium Management's substantial investment in Bitcoin ETFs. The firm has allocated $844,181,820 to BlackRock’s iShares Bitcoin Trust, marking it as the largest single holding. Following closely is the Fidelity Wise Origin #Bitcoin Fund, which has received $806,640,303 from Millennium. Millennium has also invested $202,029,915 in the Grayscale Bitcoin Trust. Additionally, the company has placed smaller yet significant amounts in the ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF, with investments of $45,001,320 and $44,737,805, respectively. This strategic diversification demonstrates Millennium’s confidence in Bitcoin as an asset class and its commitment to spreading risk. Institutional Interest in Bitcoin ETFs Rises Millennium Management’s bold move into Bitcoin ETFs highlights a growing trend of institutional interest in these investment vehicles. Other financial institutions, such as Boothbay Fund Management and the State of Wisconsin Investment Board, have also shown considerable interest in Bitcoin ETFs. Boothbay Fund Management has invested $377 million across various Bitcoin ETFs, while the Wisconsin board has committed nearly $162 million to BlackRock’s IBIT and Grayscale’s GBTC. The increasing investments from these institutions signify a broader acceptance of Bitcoin ETFs. This trend is further supported by entries from Hightower Advisors, SouthState Bank, and major corporations like JPMorgan Chase into the Bitcoin ETF market. These moves indicate a growing confidence in Bitcoin ETFs as viable investment options. Bitcoin Price Movements and Market Sentiment The surge in Bitcoin ETF investments coincides with significant price movements in Bitcoin itself. Recently, Bitcoin’s price climbed to $66,000, reflecting a 7% increase in just 24 hours. This price surge is linked to the latest U.S. Consumer Price Index (CPI) data, which shows a decrease in core inflation. The decrease in core inflation has positively influenced investor sentiment towards digital assets, positioning Bitcoin as a potential hedge against economic instability. This correlation between inflation data and Bitcoin price movements highlights the growing interplay between traditional financial metrics and digital asset markets.