Crypto News
Bitcoin Traders No Longer Chasing Record Price Rally Like Before, Options Data Show
While bitcoin (BTC) continues to reach new lifetime highs, the latest options market trend indicates that traders aren't chasing the uptrend with the same zeal as before.On Monday, BTC's price rose above $107,000, surpassing the previous peak on Dec. 5 and taking the cumulative post-U.S.-election gain to over 50%, CoinDesk data show.The rally follows President-elect Donald Trump's assurance that the U.S. will build a bitcoin strategic reserve similar to its strategic oil reserve. Analysts expect the winning streak to continue next year, with prices ranging between $150K to $200K by the end of the following year.However, the current pricing of options trading on Deribit indicates that traders aren't chasing the rally like they used to, signaling a more cautious outlook...
Arena of Faith Launches Quest for Gem Rewards on Immutable (IMX)
Arena of Faith, a web3 MOBA game, launches its Arena of Faith Quest on Immutable (IMX), offering players the chance to earn Gems and other rewards through engaging gameplay. (Read More)Source link
John Carvalho Wants to Get Rid of ‘Sats’
The Synonym CEO suggested the change via a Bitcoin Improvement Proposal (BIP) last week. Longtime Bitcoiner Seeks to Redefine Bitcoin Units John Carvalho, CEO of Bitcoin software company Synonym wants to do away with the idea of “satoshis” or “sats” – the smallest units of bitcoin (BTC). Each bitcoin is made up of 100 millionSource link
SEC Serves NFT Project CyberKongz With Wells Notice Citing Securities Violations
Charges against CyberKongz could present “major implications” for the blockchain gaming industry, the project said Monday.Source link
British Columbia Maintains Bitcoin Mining Ban Despite Vancouver’s ‘BTC-Friendly City’ Motion
While Vancouver's City Council has passed a motion to explore becoming a 'bitcoin-friendly city', British Columbia still has a province-wide ban on mining BTC until December 2025.B.C.'s bitcoin mining ban began in December 2022 to address energy concerns, and it faced a legal challenge from Conifex Timber, which the B.C. Supreme Court upheld in early 2024, citing the policy's reasonableness and alignment with public utility regulations.BC Hydro, the largest electricity utility in the province, relies heavily on hydroelectric power, which generates over 90% of its electricity.Vancouver's motion – introduced to the council by Mayor Ken Sim – focuses on bitcoin's financial benefits and mentions the benefits of bitcoin mining, but it can't influence mining because of electricity regulation and BC...