The next president of Argentina will be Javier Milei after his opponent Sergio Massa conceded on Sunday evening, saying “Argentines chose another path.” With roughly 87% of the votes counted, Milei had 56% of the tally versus Massa’s 44%, according to Bloomberg. Trading quietly through most of the weekend, bitcoin began rising late Sunday afternoon on chatter about a strong showing for Milei. Following Massa’s concession, the crypto is higher by around 2% over 24 hours at $37,150. “We have to understand that the central bank is a scam,” Milei said earlier this year when asked about bitcoin. “What bitcoin is representing,” he continued, “is the return of money to its original creator, the private sector.”
Incoming Argentine President Javier Milei (Getty images)
Sam Altman, the former CEO of OpenAI, Greg Brockman, the company’s co-founder and ex-president, and other former staff members will be joining Microsoft, the software giant’s CEO Satya Nadella said in a post on X. Altman left OpenAI last week after the board said it no longer had confidence in him to continue leading the company. Brockman announced his resignation shortly after Altman was ousted. Altman will lead a new advanced AI research team, Nadella said.
Santander Private Banking International, part of Spanish financial services giant Banco Santander, is offering high-net-worth clients with Swiss accounts trading and investing in the major cryptocurrencies bitcoin and ether, according to an internal announcement seen by CoinDesk. Over the next several months, Santander will offer additional cryptocurrencies that meet the bank’s screening criteria, the announcement said. Santander said the service is provided only upon client request through relationship managers, and the assets are held in a regulated custody model in which the bank stores the private cryptographic keys in a secure environment.
Market Insight: Bitcoin Options Open Interest Climbs to Record $15B
Trading in bitcoin (BTC) options listed on the cryptocurrency exchange Deribit is more popular than ever.
On Friday, the notional bitcoin (BTC) open interest, or the U.S. dollar value locked in active bitcoin options contracts, rose to a record high $15 billion. The figure has more than doubled since late September, topping the $14.36 billion peak registered during the bull-market days of October 2021. Back then, BTC traded above $60,000; today it’s about $37,200.
At press time, notional options open interest had dropped back to $13.8 billion. In contract terms, open interest stood at over 376,000 BTC, nearly double the October 2021 tally, but well short of the record 433,540 BTC of March this year. On Deribit, one options contract represents one bitcoin.
Consensus is the biggest and most established hub for everything crypto, blockchain and Web3. Join us at the 10th annual Consensus May 29-31 in Austin, Texas for dialogue, discovery and dealmaking alongside developers, investors, startups, executives and more.
Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.
