Crypto News
Bitcoin’s Jackson Hole Test: How Hard Could Powell’s Address Hit BTC Prices?
As Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole approaches, the key question on everyone’s mind is: how volatile could bitcoin (BTC) become?The answer points to slightly above average volatility, not the extreme swings that the widespread attention on the event might suggest."BTC options are pricing in about a ±2.0% move around Powell’s Jackson Hole speech," Pulkit Goyal, head of trading at crypto market maker Orbit Markets, told CoinDesk. Orbit specializes in crypto options and structured derivatives.The anticipated 2% price swing around Powell’s speech suggests slightly higher volatility than the average daily volatility of 1.52%, which is derived from the 30-day realized volatility of 29%.Traders use the pricing of options with different strike prices and maturities and implied volatility...
Together AI Leverages AI Agents for Complex Engineering Automation
Together AI utilizes AI agents to automate intricate engineering tasks, optimizing LLM inference systems and reducing manual intervention, according to Together AI. (Read More)Source link
EU Accelerates Digital Euro Plans, Considering Ethereum and Solana for Public Blockchain Implementation
European Union officials are accelerating plans for a digital euro in response to the recent passage of a stablecoin law in the United States, which has raised concerns about the competitiveness of a European digital currency. The U.S. Congress approved legislation overseeing the $288 billion stablecoin market, prompting EU discussions on potentially utilizing a publicSource link
Tezos’ Evolution: A Journey Through 18 Cities and Their Impact on Blockchain
Explore Tezos' transformation through its journey across 18 cities, each contributing to its evolution into a fast, secure, and adaptable blockchain network. (Read More)Source link
What Next For ETH, XRP, SOL as Bitcoin Stalls at $113K And ETF Outflows Mount
Bitcoin traded near $113,700 on Thursday, failing to hold above $115,000 as resistance from the 50-day moving average capped a rebound attempt.The broader crypto market added just 1% to $3.86 trillion in capitalization, a move analysts described as a bounce on the way down rather than the start of a recovery.“The technology sector in traditional financial markets remains under pressure, dampening the mood of cryptocurrency buyers,” said Alex Kuptsikevich, chief market analyst at FxPro. “Bitcoin’s unsuccessful attempt to return above $115K only highlights the market’s weakness.”ETF flows were indicative of caution. According to SoSoValue, bitcoin ETFs experienced net outflows of $523 million on August 19, followed by $311 million on Wednesday and $192 million on Thursday. Meanwhile, ether ETFs incurred...