Analysts weighed in on Fridayās approval of a regulated options market for U.S. Bitcoin ETFsāand thereās some debate on whether itās bullish news for Bitcoin.
While one Bitwise analyst predicted that āthings will likely get wild,ā as the financial world gains leverage opportunities on an asset with a truly fixed supply, others cautioned that options could ādampen downā Bitcoin volatility.
Elsewhere, Federal judges squared off with the SEC over whether the regulator should be obligated to clarify its rules around crypto, while reports suggested that crypto prediction market Polymarket is seeking $50 million in additional capital amid plans to launch a token.
Will Bitcoin ETF Options Send the Asset to the Moon?
While excitement online for the approval was palpable, thereās debate around just how bullish Bitcoin options could be.
Moo Deng Solana Meme Coin Blasts Past $70M Market Cap in Two Weeks
Moo Deng, a baby pygmy hippo from Thailand, has gone viral with a related meme coin soaring past a $70 million market cap in just two weeks.
Polymarket on the Hunt for $50 Million Amid Potential Token Launch: Report
Investors in the round will be issued token warrants, giving them the right to purchase tokens if Polymarket decides to launch them.
Federal Judges Skewer SEC for Refusing to Answer Straight Questions on Bitcoin, Ethereum
Judges appeared displeased at the SEC's approach to crypto, with one alleging intent to “crush the industry” in a hearing over Coinbase.
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