Interest rates on Ethereum options hit a record high on Thursday, according to data from The Block Research. ETH open interest rates had increased by 393% this year to $755 million on January 1st. A new record well above this level has been set on Thursday.
Floods Hit Chinese Mining Hub
After the flood disaster hit the Sichuan region the previous week, a massive blackout was reportedly put in place for safety inspections. Some analysts point out that the blackout in the mining hub may be one of the reasons for Bitcoin’s violent crash.
Morgan Stanley Confirms Its Crypto Offer
Morgan Stanley has confirmed it is offering its wealth management clients' exposure to Bitcoin by crypto funds. Company CFO, Jonathan Pruzan has stated that they’ll work with regulators to provide more crypto services if clients show more interest.
Galaxy Digital CEO Comments on Cryptocurrencies
CEO of Galaxy Digital, Mike Novogratz has stated that the Coinbase IPO has greatly stimulated the market, as evidenced by the XRP-based rise. Novogratz has also added that the market will continue in a good direction in the medium term with the new entities in the crypto world.
Plans Afoot to Launch South Africa’s First ETF
EC10, the institution behind the South African Crypto Index Fund, has announced plans to launch the country's first exchange-traded fund. The ETF is expected to offer South American institutional investors an indirect way of exposure to Bitcoin.
BTC Payments Increasingly Widespread in the USA
US-based Acker, one of the world's largest fine wine auctions, has announced that it accepts digital coins for auction payments and retail wine purchases. Acker executives have stated that they believe in the persistence of cryptocurrencies.
Brevan Howard Will Invest In Bitcoin
Asset management company Brevan Howard Asset Management has stated that it will invest 1.5% of its main hedge fund of $ 5.6 billion in digital assets. It is stated that the fund will invest in a wider range beyond Bitcoin.
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