Coindesk

Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022. In a tweet, the bitcoin mining company said it paid an average of $81,475 per bitcoin. This purchase takes Bitdeer's total bitcoin treasury to 855 BTC worth approximately $69 million, according to data from Bitcoin Treasuries.The company's shares fell 0.64% at the open to just below $11 as bitcoin and the broader crypto dropped 4% over 24 hours. The crypto market rallied at the start of U.S. trading hours, taking BTC above $82,000.Source link

CME Group, the world's largest derivatives marketplace, plans to introduce Solana (SOL) futures on March 17, expanding its suite of cryptocurrency derivatives, it said in a press release on Friday. The new contracts, pending regulatory review, will allow traders to manage SOL price risk with two contract sizes: 25 SOL and 500 SOL.“With the launch of our new SOL futures contracts, we are responding to increasing client demand for a broader set of regulated products,” said Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products.The contracts will be cash-settled, using the CME CF Solana-Dollar Reference Rate, which tracks SOL’s price daily at 4:00 p.m. London time. CME already offers bitcoin and ether futures, which have seen significant growth in trading...

Boerse Stuttgart, one of Germany’s top stock exchanges, has announced a partnership with DekaBank to bring cryptocurrency trading to the German investment bank’s institutional clients.The partnership allows DekaBank, a financial giant with over 411 billion euros ($427 billion), to integrate crypto into its offerings using Boerse Stuttgart Digital’s regulated brokerage infrastructure.“Partnering with DekaBank to offer crypto trading to its institutional clients underscores our commitment to providing financial institutions across Europe with secure and fully regulated infrastructure solutions,” said Boerse Stuttgart Group’s CEO Matthias Voelkel.Boerse Stuttgart Digital, a subsidiary of Boerse Stuttgart Group, provides brokerage, trading, and custody services for financial institutions in Europe. Last month, the exchange revealed its cryptocurrency trading business had exploded in recent years and now accounts...

By Omkar Godbole (All times ET unless indicated otherwise)It's the dip that keeps on dipping. Bitcoin took another hit early Friday, falling below $80,000 and taking February's decline to over 20%. That spurred a bloodbath in the broader crypto market, with ether sliding below $2,100, a level it managed to hold since August.It's not just crypto. Increased volatility in cryptocurrencies mirrors trends in traditional markets. Compare the 10% jump in the Volmex BVIV, which tracks the 30-day implied volatility in bitcoin, with the equal increase in the MOVE index, which measures the implied volatility of U.S. Treasury notes. The VIX, Wall Street's so-called fear gauge, has risen by 14%. These movements, coupled with a sell-off in growth-sensitive commodity currencies like...

As bitcoin's (BTC) price wilts, traders on crypto exchange Bitfinex are living up to their reputation of being dip buyers, offering some hope to battered crypto bulls given their track record of predicting market peaks and troughs.The number of bitcoin bought on Bitfinex with borrowed cash, a bet that the BTC price will rise and leave the investor with a profit once they've repaid the loan, has risen to more than 60,000 BTC from 50,773 this month. It's jumped 2% in the past 24 hours alone, according to data from Coinglass and TradingView.The increase in so-called margin long positions is a vote of confidence in the largest cryptocurrency, which has lost more than 20% this month and is on track...