Crypto News
Options Tied to BlackRock’s Bitcoin ETF Surge to Nearly 50% of Deribit’s BTC Open Interest in...
The stateside demand for regulated crypto products is real.The U.S. SEC-approved options tied to BlackRock's spot bitcoin (BTC) exchange-traded fund (IBIT), which debuted on Nov. 19, are already almost half the size of Deribit's eight-year-old bitcoin options market.On Monday, there were 2.16 million open or active IBIT options contracts, representing a notional value of $11 billion, according to data source optioncharts.io. This notional value is derived by multiplying the open interest by the ETF's price and the lot size 100. The tally equates to 50% of the $23 billion locked in the open BTC options on Deribit at press time. One option contract on Deribit represents one BTC.Options are derivative contracts that give the purchaser the right to buy or...
HKMA Launches Offshore RMB Bond Repo Arrangement via Northbound Bond Connect
The Hong Kong Monetary Authority announces a new offshore RMB bond repurchase business, enhancing liquidity management and the city's role as an offshore RMB hub. (Read More)Source link
Company Behind Illicit $24B Telegram Marketplaces Launches Stablecoin
Huione, a Telegram-based illicit marketplace that offers personal data and money laundering services has rolled out its own stablecoin, according to report by blockchain security firm Elliptic.The stablecoin (USDH) was created to “avoid the common freezing and transfer restrictions of traditional digital currencies.” The Huione website adds that “USDH is not restricted by traditional regulatory agencies.” Prior to the launch of USDH, users on Huione were almost exclusively using tether (USDT). Tether froze one of Huione Pay’s accounts in July 2024 after a wallet received funds linked to a theft attributed to North Korea’s Lazarus Group.The company also released its own chat service to make it less reliant on third-party apps like Telegram.The report claims that Huione has facilitated $24...
Hong Kong Monetary Authority Warns of Fraudulent Website Impersonating Bank of Communications
The Hong Kong Monetary Authority alerts the public about a fraudulent website mimicking Bank of Communications (Hong Kong) Limited, urging caution and immediate reporting of any suspicious activity. (Read More)Source link
Tether Relocating to El Salvador After Receiving Stablecoin Issuer License
Tether, the company behind USDT, has announced its imminent relocation to El Salvador after receiving a stablecoin issuer license. Paolo Ardoino, CEO of Tether, described this move as a natural progression that will allow the company to strengthen its focus on emerging markets. Tether Moves to El Salvador to Focus on Emerging Markets Tether, oneSource link