XRP Rockets 11% as Bitcoin Starts New Year With Bullish Bang
South Korean trading volumes supported an outperformance in XRP, as a CoinDesk analysis noted earlier this week.
Markets
MicroStrategy’s Bullish Call Skew Disappears in Cautious Market Sentiment
The record bullish skew in options on the company seen as a leveraged play on bitcoin has vanished as the BTC tailwind driven by the Treasury asset narrative loses momentum.
Bitcoin Kimchi Premium Spikes as South Korea’s Political Turmoil Escalates
The South Korean won hit the lowest level against the dollar since March 2009.
Floki on Course for Europe ETP as DAO Floats Proposal to Provide Early Liquidity
A Floki exchange-traded product is set to go live in Europe in early 2025, a project developer told CoinDesk.
Bitcoin Lull Could Spur Altcoin Rally, With $90K Considered ‘Attractive’ Buying Area
High volatility can be good for option buyers because it increases the chance that the option will be “in-the-money” (profitable) at some point before expiry — creating profit for buyers.
Bonk Rockets 30% to Lead Dog Meme Rebound; Floki Termed ‘Utility Token’ by CFTC
Memecoins are known for their high volatility and tend to outperform major tokens during price rallies, serving as a leveraged bet
Trump-Backed World Liberty Financial Swaps Its cbBTC for WBTC After Sun Joins as Adviser
The swap took place Wednesday, the same day BiT Global lost a court case seeking to prevent Coinbase delisting WBTC.
Hawkish Fed Has Bitcoin Market Feeling Most Fearful in 3 Months
Short-term BTC puts are in demand after hawkish Fed dented the bullish sentiment in risk assets.
Bitcoin Takes a Breather After Doji Candle in a Cautious Pre-Fed De-Risking
BTC takes a breather after an indecisive Tuesday, as the Fed is expected to cut rates Wednesday while signaling slower easing next year.
How MicroStrategy and Others Are Taking on Billions in Debt to Buy More Bitcoin
Michael Saylor has raised $6 billion in convertible bonds, with $18 billion more to come. His strategy is unprecedented — here’s how it works.