Crypto News
Crypto Daybook Americas: Altcoins Rally as ‘Complacent’ Bitcoin Points to Renewed Volatility
By Omkar Godbole (All times ET unless indicated otherwise)Investors are still rotating money into altcoins, lifting valuations for ETH, RAY, ENA, MKR and other tokens while leaving bitcoin (BTC) little changed above $100,000.While the biggest cryptocurrency by market value is just 7% short of hitting a new high, its 30-day options-based implied or expected volatility, represented by Deribit's DVOL index, is hovering near the lowest level since June 2024.This type of calm usually precedes big moves. Georgii Verbitskii, a market analyst and founder of TYMIO, a crypto investor app put it best: "Options implied volatility is extremely low, the market doesn't seem to believe in strong moves, and 1- to 3-month option pricing is still cheap. That kind of complacency...
Cartel Bosses Charged With Narco-Terrorism Amid Crypto Ties
The indictment came in part because blockchain investigators have been tracing how cartel drug profits are being laundered through crypto.Source link
Bullish Exchange and Gibraltar to Develop Regulatory Framework for Crypto Derivative Clearing
Cryptocurrency exchange Bullish has announced a partnership with the Gibraltar Government and the Gibraltar Financial Services Commission (GFSC) to develop the world’s first regulatory framework for the clearing and settlement of derivative contracts settled in virtual assets. This initiative aims to enable crypto derivative contracts to be cleared and settled in virtual assets by aSource link
Standard Chartered Will Provide Banking Services for FalconX to Enhance Cross-Border Settlement
Standard Chartered (STAN) is now providing banking services for institutional prime broker FalconX. The San Mateo, California-headquartered broker will access a range of currency pairs, helping to enhance the speed and reliability of its cross-border settlement, FalconX said in an announcement on Wednesday.Prime brokers are an important cog in financial markets, providing financing, trading and custody services to large institutions.FalconX is seeking to bridge the gap between traditional finance and cryptocurrency through bringing its service up to the level one would find at a TradFi institution.The prime broker also plans to use Standard Chartered's banking support as a gateway to other products and services that would attract institutional clients, such as asset managers, hedge funds, token issuers and payment...
Ex-Cred Executives Plead Guilty to $150M Crypto Fraud Scheme
Daniel Schatt and Joseph Podulka admitted to misleading customers before Cred's 2020 collapse erased millions in crypto deposits.Source link