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Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan’s head of positioning intelligence, indicated that their Tactical Positioning Monitor might drop further, … Read more
Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too. Go to Source
Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years. Go to Source
CoinShares revenue for the second quarter of 2024 rose to nearly $28.5 million. FTX bankruptcy proceedings generated a return of 116% in the quarter. Go to Source
Michael Saylor previously forecasted that Bitcoin will reach approximately $13 million per coin by 2045. Go to Source
Nassim Nicholas Taleb says gold still stands apart as a store of value. Go to Source
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and … Read more
Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds. Go to Source
Galaxy’s head of research expects the funds to see inflows as investors buy the dip. Go to Source
Ether’s price fell from above $3,000 to $2,100 due to selling pressure from a select group of market makers. Go to Source
