Bitcoin’s max pain level for Friday’s expiry is $59,000.”The current max pain point of $59,000, approximately 8% below the spot price, does create some potential downward pressure as we approach expiry,” Rick Maeda, an analyst at Presto Research, told CoinDesk.
Shortly after, the latest figures showed a sizable jump in the U.S. M2 money supply in August. The combination of easier China and U.S. monetary policies and rising money supply appeared to be the catalyst for bitcoin’s sustained rise throughout afternoon trading. Gold too, liked the news, jumping 1.4% to yet another record high of $2,690 per ounce.
Bitcoin Needs to Top $65.2K to Break Downtrend: Bitfinex
The crypto derivatives trading hub faces CFTC charges for allegedly failing to register as a commodities exchange, for illegally offering services to U.S. customers and failing to check its customers’ identities, according to statements in its Discord server and a proposal on its governance page. The DEX allows users to trade perpetual futures contracts.
So, I understand why, if you view CBDCs as a tool to bring these costs down, you’d favor pushing along their development. But the fact remains that to fix cross-border payments through CBDCs, you’d need to rely on solid worldwide geopolitical relationships. And, unfortunately, we don’t have those. The world is too fragmented, too unruly, to allow CBDCs to be implemented globally.
The channel streams hearings of notable court cases but temporarily showed promotional videos of XRP and Ripple Labs before being taken down.
That certainly seems to be the hope of SBF’s new legal team, which took over his case after his trial lawyers, Mark Cohen and Christian Everdell, stepped down following his conviction. On Friday, Sept. 13, his new lead lawyer, Alexandra Shapiro, filed an appeal to the Second Circuit Court of Appeals, laying out why SBF believes he deserves another hearing.
Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, signed a deal with Commerzbank to offer trading services to the lender’s corporate clients just two weeks after reaching a similar agreement with Zürcher Kantonalbank in Switzerland. Commerzbank will provide custody services, the companies said on Thursday. The trading service offered by the Deutsche Boerse unit will be available to clients based in Germany and initially focus on trading in the two largest cryptocurrencies, bitcoin and ether. Commerzbank obtained a crypto custody license in Germany in November 2023, allowing the financial services firm to offer a wide range of services related to digital assets.
Polymarket traders have their money on four to five more rate cuts this year.
Crypto exchange Bitget has sealed a partnership with La Liga, Spanish football’s premier football league, as its official crypto crypto partner, Gracy Chen, CEO at Bitget told CoinDesk in an interview on the sidelines of the Token2049 conference.
