Coindesk

Bitcoin’s trademark volatility may be entering a new phase thanks to the Securities and Exchange Commission (SEC).The agency's decision to raise position limits on options for most bitcoin ETFs could help smooth price swings by encouraging strategies like covered call selling, which caps the upside in exchange for steady income, according to NYDIG Research. That increase in position limits for options trading on IBIT came as the regulator approved in-kind redemptions for spot bitcoin ETFs.By letting traders hold ten times more contracts than before, NYDIG wrote, the SEC has opened the door to more aggressive and sustained options activity. Covered call strategies, in particular, work best at scale.They’re designed to earn yield from existing holdings by selling upside exposure, which...

While President Donald Trump's tariff war aims to spark a manufacturing boom at home, corporate America's spending focus remains firmly on "bits" rather than "bricks and mortar."This contrast is evident in the spending patterns of the Magnificent 7 (Mag 7) stocks – a group comprising large-cap tech companies, including Alphabet (parent company of Google), Amazon, Apple, Meta Platforms (parent company of Facebook and Instagram), Microsoft, Nvidia, and Tesla.These firms are expected to cumulatively spend an astonishing $650 billion this year on capital expenditure (capex) and research and development (R&D), according to data tracked by Lloyds Bank. That amount is larger than what the U.K. government spends on public investments in a year, the bank noted in a Thursday note.If that...

Traditional banks have invested more than $100 billion in blockchain since 2020, according to a recent Ripple-backed report claiming digital assets are going mainstream.That figure comes from “Banking on Digital Assets,” a joint study by Ripple, CB Insights and the UK Centre for Blockchain Technologies (UK CBT), which analyzed more than 10,000 blockchain deals and surveyed over 1,800 global finance leaders. According to the findings, major banks are ramping up investments in custody, tokenization, and payment infrastructure — despite regulatory uncertainty and market volatility.The report estimates that more than $100 billion has been invested in blockchain and digital asset initiatives globally between 2020 and 2024. It also found that 90% of surveyed finance leaders believe these technologies will have a...

Lugano residents woke up today to find that the famous Satoshi Nakamoto statue, an ingenious sight-line illusion envisioned by Italian artist Valentina Picozzi, was gone.The layers of disappearing stripes were only empty ground where the illusion of Satoshi, the pseudonymous creator of Bitcoin, fading into code stood since late 2024. It was unveiled on October 25, 2024, at Plan B’s Bitcoin forum, as Swiss‑Tether and Lugano raced to brand the city a global Bitcoin hubThe theft was first reported by X user @Grittoshi, who suspected it had been thrown in a lake beside the sculpture.On X, Satoshigallery, the artistic project run by Picozzi, offered a reward of 0.1 BTC to anyone that could help find the statue.“We are offering 0.1 btc to whoever will...

Dogecoin fell 4% in the 24-hour period ending August 3 at 04:00 (UTC+7), slipping from $0.20 to as low as $0.19 amid sharp spikes in trading activity and persistent macroeconomic headwinds. The move came as risk sentiment deteriorated globally, triggering institutional outflows across volatile crypto assets, particularly meme coins.What to KnowDOGE traded in a volatile $0.01 range (7.14%) during the session, declining from $0.20 to $0.19 before staging a mild bounce.Volume surged to 918.53M at 06:00 and 502.81M at 14:00, both exceeding the 24H average of 385.67M, signaling high-conviction exits.Support formed around $0.188–$0.190, where volume spiked to 667.44M, enabling a brief recovery to $0.194.Resistance held at $0.202–$0.203, repeatedly rejecting upside attempts.News BackgroundDOGE's decline came amid renewed global trade tensions following...