Crypto Futures Trading

🪙 Spot Ethereum ETF Launch Anticipated on July 18, Bloomberg ETF Analyst Bloomberg ETF analyst Eric Balchunas predicted on X that July 18 would be the “best guess” for the spot Ethereum ETF launch. This comes after the Securities Exchange Commission (SEC) issued S-1 amendments, which required companies to amend their registration statements and submit their applications. Source https://t.me/Crypto_Futures_Trading

💰 Bitfinex says bitcoin prices may have bottomed and are beginning to stabilize Derivatives market indicators suggest that bitcoin prices are stabilizing after the heightened price fluctuations of the past seven days, analysts said. Last Wednesday, bitcoin prices dropped below their 120-day range, reaching a local low of $53,219, as the market reacted to fears of selling by both the German government and Mt. Gox creditors. Since then, the largest digital asset by market capitalization has climbed back above the $57,000 mark, but not without a spike in daily price volatility. Source https://t.me/Crypto_Futures_Trading

🇩🇪 German Government Prepares To Sell Another $900 Million In Bitcoin The government of Germany began readying for its biggest Bitcoin dump yet on Monday, sending $900 million worth of the digital currency to trading venues. It stated the government sent 2738.7 BTC ($155.3 million) to “likely exchanges and market makers” including Kraken, Cumberland, an unidentified address, and an address likely related to an institutional or over-the-counter (OTC) trading service. Cumberland and the unidentified address were first-time recipients of government coins. Source https://t.me/Crypto_Futures_Trading

🪙 Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined Tether USDT’s 24-hour trading volume exceeds the combined total of the following five digital assets, including Bitcoin and Ethereum. As CryptoSlate data indicates, Tether (USDT) maintains a higher volume than Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Solana (SOL), and First Digital USD (FDUSD), pointing to its significant presence in the market. Specifically, Tether recorded a 24-hour volume of over $55 billion, far surpassing Bitcoin’s $28 billion and Ethereum’s $15 billion. Source https://t.me/Crypto_Futures_Trading

🟠 Witness in Nigerian trial against Binance accuses platform of contravening Central Bank rules Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), accused Binance of conducting transactions reserved for authorized banks and financial institutions on Friday, according to a local media report. Akinwumi’s accusations were part of his testimony in the lawsuit brought by the Economic and Financial Crimes Commission (EFCC) against Binance and its executive, Tigran Gambaryan. Source https://t.me/Crypto_Futures_Trading

💰 Robert Kiyosaki Predicts $10 Million Bitcoin and $15,000 Gold After Major Market Crash Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $10 million per coin, gold could reach $15,000 an ounce, and silver possibly $110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining trust in fiat currencies and historical precedents. Source https://t.me/Crypto_Futures_Trading

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💰 Bitcoin Exchange Hack Leads Surging Tally of Crypto Stolen in 2024: TRM Labs Hackers stole more than twice as much cryptocurrency in the first half of 2024—based on the U.S. dollar value of the coins—compared to the first six months of 2023, according to a recent report by blockchain intelligence firm TRM Labs. Crypto thefts totaled $1.38 billion up through June 24 of this year, more than double the $657 million stolen as of the same time in 2023. Total crypto thefts thus far in 2024 have already nearly reached the $1.7 billion in value stolen across all of last year, per TRM data. Source https://t.me/Crypto_Futures_Trading

🪙 Grayscale Ethereum Trust discount to NAV quietly switches to a premium ahead of anticipated spot ETF launch The Grayscale Ethereum Trust (ETHE) is no longer trading at a discount to net asset value (NAV) ahead of the anticipated launch of spot Ethereum exchange-traded funds in the U.S. Having previously traded at a discount for the last three years, ETHE reached a premium to NAV of 0.31% on July 3, ahead of the Independence Day holiday, according to YCharts data. Premium or discount to NAV indicates how much above or below the market price of each share is compared to the value of the ether it represents. Source https://t.me/Crypto_Futures_Trading

💰 Bitcoin’s bullish cycle questioned as price falls below 200-day moving average Bitcoin price movements are influenced by various technical models that provide insight into market trends and potential future performance. As of July 4, Bitcoin has fallen below the 200-day moving average (DMA), which is currently at $58,373. The last time Bitcoin fell through this level was in August 2023. Since the beginning of 2024, Bitcoin’s price has shown a robust upward trajectory, peaking above $70,000 in March. Source https://t.me/Crypto_Futures_Trading