Ether Options Market Makers Are ‘Long Gamma’ at $1.8K
Traders said market makers are holding options with a $1,800 strike price and are likely to influence prices as they try to keep their portfolios direction-neutral.
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Curve Finance CEO Egorov Sued by 3 DeFi-Focused Venture Capital Firms
Michael Egorov, the CEO of decentralized finance (DeFi) firm Curve Finance, is being sued for fraud by venture capital firms ParaFi Capital, Framework Ventures and 1kx in the U.S.
Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities
The popular trading platform will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) on June 27th.
Former CFTC Chairman Heath Tarbert Joins Circle as Chief Legal Officer
Tarbert will guide the company’s global strategy as it contends with regulatory issues in the U.S.
Coinbase Shares Are ‘Uninvestable’ in the Near Term: Berenberg
The investment bank cut its price target on the stock to $39 from $55.
Aave-Developed Lens Protocol Raises $15M to Expand ‘Social Layer’ of Web3
Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.
Jack Dorsey-backed Nostr Creator Collaborates With Zebedee on New Social Media Layer
Zebedee users will be able to join a waitlist for alpha access to an updated version of the app which will feature integration with decentralized social media protocol Nostr (an acronym for “notes and other stuff transmitted by relays”).
First Mover Americas: Bitcoin Shows Resilience Amid SEC Lawsuits Against Binance, Coinbase
The latest price moves in bitcoin (BTC) and crypto markets in context for June 7, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Kim Kardashian EMAX Suit to Proceed as Court Considers Updated Complaint
A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.
Research Shows Majority of Pepe Investors Caught in High-Stakes Game of Musical Chairs
The majority of investors did not stand to gain from Pepecoin’s herculean rise, indicating a limited window for potential gains.