Key takeaways: Bullish bets dominate the September Bitcoin options expiry, assuming BTC price holds the $110,000 support level. Despite higher demand for bullish bets, macroeconomic uncertainty keeps downside risks on the table. A total of $22.6 billion in Bitcoin (BTC) options are scheduled to expire on Friday, creating a decisive moment after the sharp rejection…
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Update (Sept. 25 at 3:07 pm UTC): This article has been updated to include a statement from a White House official. Update (Sept. 25 at 5:05 pm UTC): This article has been updated to better reflect the intent of the Warren-Slokin letter. Two Democratic lawmakers on the US Senate Banking Committee and Senate Agriculture Committee…
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Two Democratic lawmakers on the US Senate Banking Committee and Senate Agriculture Committee, expected to vote on a market structure bill soon, have signaled that they would oppose the legislation without an investigation into two White House officials. In a Tuesday letter to officials in the US State Department, Commerce Department and Department of Ethics,…
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Stablecoins won’t unseat incumbent payment platforms, including Visa and Mastercard, until the blockchain tokens feature robust consumer protections, according to Guillaume Poncin, chief technology officer of payment company Alchemy. Traditional payment companies offer chargebacks, fraud protection, disputed transaction resolution and credit features that consumers have come to expect. Stablecoin projects must integrate these features to…
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Key points: Bitcoin made a strong comeback on Wednesday, but the buyers are expected to face heavy selling near $117,500. Several major altcoins are likely to face selling on rallies, but BNB and AVAX may resume their uptrend. Bitcoin (BTC) rose above $113,900 on Wednesday, indicating that the bulls continue to buy on dips. Strategy…
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Executives from a few cryptocurrency companies will speak on panels to discuss “regulatory harmonization efforts” between two US financial regulators next week. In a Wednesday notice, the US Securities and Exchange Commission (SEC) said it would host a roundtable event with the Commodity Futures Trading Commission (CFTC) on Monday as part of efforts to coordinate…
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Key takeaways: Bitcoin bounced to $113,900 after testing weekly lows, fueled by bullish divergences. Whale-sized entities have sold 147,000 BTC since August, signaling supply pressure. Bitcoin options implied volatility hit multi-year lows, hinting at a potential explosive move. Bitcoin (BTC) staged a swift recovery to $113,900 on Wednesday after sweeping below Monday’s low of $111,500…
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Former US Commodity Futures Trading Commission (CFTC) member and US President Donald Trump’s pick to chair the agency, Brian Quintenz, may not face a vote in the Senate after reports suggested Trump was considering other candidates for the job. According to a Wednesday Semafor report, the Trump administration was vetting Josh Sterling, a former director…
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Bitcoin Core’s next major upgrade has reignited old tensions in the community, pitting developers who want a neutral, fee-driven network against purists who see non-financial data as spam. Bitcoin Core v30, expected in October, will remove the 80-byte cap on OP_RETURN, the part of a transaction script that allows users to embed arbitrary data. Bitcoin…
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Key points: Bitcoin price wars between bulls and bears continue as traders line up end-of-month BTC price targets. These include a return to $107,000 or lower before a rebound. Volatility is expected as Bollinger Band readings reach historically “tight” levels. Bitcoin (BTC) stayed rangebound at Wednesday’s Wall Street open as traders eyed a giant $17.5…
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