🔔 MARKET MOVING NEWS! (20/11/24)
1️⃣ Bitcoin Makes New All-Time High of $94,000 as ETF Options Go Live 🔼
The price of BTC hit new all-time highs on Tuesday as BlackRock's iShares Bitcoin Trust (IBIT) became the first spot Bitcoin exchange-traded fund to be approved for options trading. According to Bloomberg Intelligence ETF analyst James Seyffart, the final tally of $IBIT's 1st day of options saw “just shy of $1.9 billion in notional exposure traded via 354k contracts.” Of these, 289k were call options and 65k were put options. Bloomberg senior ETF analyst Eric Balchunas also commented that “1.9b is unheard of for Day One.”
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2️⃣ US Crypto Exchange Gemini Launches in France After DASP Registration 🔍
Crypto exchange Gemini has announced the launch of its platform in France just weeks before the European Union's Markets in Crypto Assets (MiCA) regulations kick in. Notably, the launch comes after Gemini received the digital asset service provider (DASP) registration from the French markets regulator, Autorité des Marchés Financiers (AMF), in January. The launch allows local users to deposit, trade and store at least 70 digital assets on web or mobile devices.
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3️⃣ Trump Picks Howard Lutnick as Commerce Secretary 🔥
According to a Wall Street Journal report, United States President-elect Donald Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to be his Secretary of Commerce. Lutnick is currently the co-lead of the Trump transition team and was seen as the most likely candidate for the Cabinet position. The Secretary of Commerce is charged with advancing US business both domestically and abroad.
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4️⃣ Grayscale to Launch Bitcoin ETF Options Following BlackRock’s Record Debut 🚀
Crypto asset manager Grayscale Investments reportedly plans to roll out options trading on its spot Bitcoin ETFs on Wednesday. Notably, the announcement comes just a day after BlackRock’s iShares Bitcoin Trust (IBIT) achieved record-breaking activity on its first day of options trading. Specifically, Grayscale will launch options trading on GBTC (Grayscale Bitcoin Trust) and BTC (Bitcoin Mini Trust) to “further [develop] the ecosystem around our US-listed Bitcoin ETPs.”
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5️⃣ Coinbase Delists Wrapped Bitcoin wBTC, Citing 'Listing Concerns' 👀
Crypto exchange Coinbase announced that it has begun phasing out wBTC, and that it will suspend trading on Dec. 19. This move comes after Coinbase launched a competitor to wBTC called cbBTC. It cited "listing standards" as the cause for delisting.
The announcement reads,
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6️⃣ Rumble Shares Rise 9% as Founder Mulls Scooping Up BTC 🔼
Video-sharing platform Rumble is reportedly the latest company to explore the possibility of adding BTC to its balance sheet. Its founder and CEO Chris Pavlovski made a poll on social media platform X, asking: “Should Rumble add Bitcoin to its balance sheet?” About 29,000 people answered “Yes” and Rumble (RUM) shares gained as much as 9% after the query. He was also offered help with the potential move from Jack Mallers, CEO and founder of Bitcoin payment provider Strike and Michael Saylor, chairman of MicroStrategy.
Source
1️⃣ Bitcoin Makes New All-Time High of $94,000 as ETF Options Go Live 🔼
The price of BTC hit new all-time highs on Tuesday as BlackRock's iShares Bitcoin Trust (IBIT) became the first spot Bitcoin exchange-traded fund to be approved for options trading. According to Bloomberg Intelligence ETF analyst James Seyffart, the final tally of $IBIT's 1st day of options saw “just shy of $1.9 billion in notional exposure traded via 354k contracts.” Of these, 289k were call options and 65k were put options. Bloomberg senior ETF analyst Eric Balchunas also commented that “1.9b is unheard of for Day One.”
Source
2️⃣ US Crypto Exchange Gemini Launches in France After DASP Registration 🔍
Crypto exchange Gemini has announced the launch of its platform in France just weeks before the European Union's Markets in Crypto Assets (MiCA) regulations kick in. Notably, the launch comes after Gemini received the digital asset service provider (DASP) registration from the French markets regulator, Autorité des Marchés Financiers (AMF), in January. The launch allows local users to deposit, trade and store at least 70 digital assets on web or mobile devices.
Source
3️⃣ Trump Picks Howard Lutnick as Commerce Secretary 🔥
According to a Wall Street Journal report, United States President-elect Donald Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to be his Secretary of Commerce. Lutnick is currently the co-lead of the Trump transition team and was seen as the most likely candidate for the Cabinet position. The Secretary of Commerce is charged with advancing US business both domestically and abroad.
Source
4️⃣ Grayscale to Launch Bitcoin ETF Options Following BlackRock’s Record Debut 🚀
Crypto asset manager Grayscale Investments reportedly plans to roll out options trading on its spot Bitcoin ETFs on Wednesday. Notably, the announcement comes just a day after BlackRock’s iShares Bitcoin Trust (IBIT) achieved record-breaking activity on its first day of options trading. Specifically, Grayscale will launch options trading on GBTC (Grayscale Bitcoin Trust) and BTC (Bitcoin Mini Trust) to “further [develop] the ecosystem around our US-listed Bitcoin ETPs.”
Source
5️⃣ Coinbase Delists Wrapped Bitcoin wBTC, Citing 'Listing Concerns' 👀
Crypto exchange Coinbase announced that it has begun phasing out wBTC, and that it will suspend trading on Dec. 19. This move comes after Coinbase launched a competitor to wBTC called cbBTC. It cited "listing standards" as the cause for delisting.
The announcement reads,
We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent review, Coinbase will suspend trading for wBTC (wBTC) on December 19, 2024, on or around 12pm ET. We have moved our wBTC order books to limit-only mode. Limit orders can be placed and cancelled, and matches may occur.
Source
6️⃣ Rumble Shares Rise 9% as Founder Mulls Scooping Up BTC 🔼
Video-sharing platform Rumble is reportedly the latest company to explore the possibility of adding BTC to its balance sheet. Its founder and CEO Chris Pavlovski made a poll on social media platform X, asking: “Should Rumble add Bitcoin to its balance sheet?” About 29,000 people answered “Yes” and Rumble (RUM) shares gained as much as 9% after the query. He was also offered help with the potential move from Jack Mallers, CEO and founder of Bitcoin payment provider Strike and Michael Saylor, chairman of MicroStrategy.
Source