T-Rex Group, a financial services company, recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This financial vehicle is gaining attention as potentially one of the most volatile ETFs in the country. The fund, named ‘T-Rex 2X Long MSTR Daily Target ETF’, aims to magnify the daily performance of
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual who wears many hats in the world of web3 content writing, journalism, and trading. His career has seen him contributing to leading industry publications such as AMBCrypto, Blockchain.News, and Blockchain Reporter. Edyme’s introduction to the cryptocurrency space was far from conventional, as he
Bitcoin is currently facing a critical juncture, with the price being rejected at $62,000. This has led to a clash in market sentiment between bulls and bears. While the bulls remain vocal in their support for a bullish continuation, the bears have emerged, speculating that the price could potentially drop even lower. The recent 15%
The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the Securities and Exchange Commission’s (SEC) regulation of cryptocurrencies. Economist Timothy Peterson believes that this decision will limit the SEC’s unilateral interpretive power against Bitcoin and other cryptocurrencies. The Chevron doctrine, established in the 1984 case of Chevron
There has been much speculation surrounding potential interest rate cuts by the U.S. central bank in September or November. Analyst ‘RamenPanda’ predicts that there will be no sharp correction following these cuts. He points out that historically, during times of financial crisis, such as in 2008, the Fed has cut rates to stabilize the economy.
The upcoming Bitcoin options expiry event on Friday will see around 107,000 contracts expire with a notional value of $6.6 billion. This end-of-month expiry is much larger than usual end-of-week expiries, potentially leading to increased market volatility. The put/call ratio for the current options stands at 0.5, indicating that twice as many long (call) contracts
The recent news of Kraken founder Jesse Powell’s $1 million donation, mainly in Ethereum, to support former US President Donald Trump’s re-election bid has raised many eyebrows in the crypto community. Powell mentioned that the donation was intended to help the US maintain its leadership in blockchain technology. This move has sparked a debate among
The emergence of “Solo Leveling: Unlimited” marks a significant milestone in the world of NFTs, combining entertainment and blockchain technology on the Avalanche network. This innovative platform, developed by Singapore-based Web3 company OtherWorld, aims to cater to the global fanbase of the popular South Korean web novel and webtoon, Solo Leveling. With a custom Layer-1
Bitcoin, the leading cryptocurrency, experienced a whirlwind of price fluctuations recently. Surging past $62,000, it seemed like the digital asset was on a unstoppable upward trajectory. However, this bullish run was short-lived as Bitcoin failed to maintain its momentum and retraced back below that level. The asset’s price volatility left investors on edge, uncertain of
Recently, on June 27, Binance made an announcement regarding the implementation of stricter measures to combat account misuse. The company revealed that certain account features on the platform were being exploited by users to gain unfair advantages in terms of fee rates and API limits. As a response, Binance stated that it might suspend or
