Crypto Market Braces for Volatility as Bitcoin and Ethereum Options Near Expiration
June 26 (Cointime) - The recent surge in the crypto market coincided with the closing of a significant portion of Bitcoin and Ethereum options, potentially leading to increased volatility. Bitcoin and Ethereum quarterly positions dominate 40% of the average daily volume in the options market, indicating that the crypto market may experience a significant increase in asset prices.
Scammers Targeting Victims to Exchange US Currency for Cryptocurrency in Wood County, Sheriff's Department Issues Warning
June 26 (Cointime) - The Wood County Sheriff's Department has issued a warning about a scam where victims are asked to exchange US currency for bitcoin or other digital currency using cryptocurrency machines.
Surge in ETF Activity Leads to Largest Weekly Inflow for Digital Asset Investment Products Since July 2022
June 26 (Cointime) - According to a report by CoinShares, there has been a surge in activity surrounding exchange-traded funds, resulting in the largest weekly inflow for digital asset investment products since July 2022. The inflows for the week of 19-23 June totalled $199 million, with Bitcoin representing 94% of overall inflows at $187 million.
Bitcoin Trades at Nearly $1K Discount on Binance.US Crypto Exchange, Kaiko Observes
June 26 (Cointime) - Bitcoin is currently trading at a discount of almost $1,000 on the Binance.US crypto exchange, according to research firm Kaiko. This disparity has been observed since June 22 and continues to persist.
Bitcoin Bulls Hold Newfound Support as ETF Hype Puts Demands on US Session
June 26 (Cointime) - Bitcoin (BTC) hovered around $30,500 during the opening of Wall Street on June 26, with bullish investors holding onto newfound support. Data from Cointelegraph Markets Pro and TradingView showed BTC maintaining a stable price of $30,000 at the weekly close.
Dormant Bitcoin Wallets From 2010 Resurface: 100 Bitcoins Transferred After More Than 12 Years
June 26 (Cointime) - Following the spending of 50 bitcoins from 2010 on June 15, after more than 12 years of dormancy, approximately 11 days later, another group of dormant wallets created in 2010 transferred 100 bitcoins worth just over $3 million for the first time in well over a decade.
HSBC Allows Customers to Buy and Sell Bitcoin and Ethereum ETFs in Hong Kong, Expanding Local Users' Exposure to Cryptocurrencies
June 26 (Cointime) - HSBC, the largest bank in Hong Kong, has become the first bank in the region to allow its customers to buy and sell Bitcoin and Ethereum exchange-traded funds (ETFs) listed on the Hong Kong exchange. The move is expected to expand local users' exposure to cryptocurrencies in Hong Kong.
Bitcoin Price Pulls Back 1.1% to $30,308, Analysts Suggest Healthy Correction
June 26 (Cointime) - Bitcoin's price has dropped by 1.1% over the last 24 hours and is currently trading at $30,308. Despite a bullish outlook over the weekend, Bitcoin was unable to sustain gains beyond its 12-month high of $31,428.
Bitcoin Slides 3% After Hitting One-Year High, NEAR Protocol's Token Surges 10% on Alibaba Cloud Partnership, Belgium Regulator Orders Binance to Cease Services
June 26 (Cointime) - Bitcoin has dropped by 3% to $30,300 after reaching a one-year high of over $31,300 on Friday. The recent 20% increase in Bitcoin's value over the past 10 days is believed to be due to BlackRock's filing to launch a spot Bitcoin ETF, which has encouraged large institutional investors to invest further in the cryptocurrency market. NEAR Protocol's NEAR token has increased by 10% after the company's foundation announced a partnership with Alibaba Cloud.
Hut 8 Signs $50 Million Credit Facility with Coinbase Credit, Inc.
June 26 (Cointime) - Hut 8 Mining Corp. and its subsidiary, Hut 8 Holdings Inc., have entered into a $50 million credit facility with Coinbase Credit, Inc. for general corporate purposes. The facility includes a $15 million term loan and two delayed-draw term loan tranches of $20 million and $15 million, respectively, subject to maintaining a specified loan-to-value ratio. Interest on the loans will be at a rate equal to the federal funds rate plus 5%.
