CME prepares to launch spot Bitcoin trading — FT
Submitted by Anonymous (not verified) on Thu, 05/16/2024 - 14:50CME plans to launch spot Bitcoin trading, challenging Binance's dominance and highlighting Wall Street's crypto interest.
CME plans to launch spot Bitcoin trading, challenging Binance's dominance and highlighting Wall Street's crypto interest.
The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%.
One trading desk has seen an uptick in call buying activity with targets of as high as $120,000 for December 2024.
Increased transactions on the Shibarium blockchain will lead to a higher burn rate for the SHIB token, reducing its circulating supply.
The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market.
The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies.
Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.
Dog-themed floki (FLOKI) zoomed 12%, the highest among the top 50 tokens by market capitalization, while pepe (PEPE) jumped 5% to a new lifetime pe
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