The open positions of BTC options have increased by 118% in the last 2 months to $ 8.4 billion, while Bitcoin broke a record. On January 29, contracts with a total value of 3.8 billion dollars will expire. Contracts worth $ 3.8 billion correspond to 35% of BTC's daily spot volume.
SEC Chairman Officially Announced
US elected president Joe Biden has officially announced the appointment of Gary Gensler as President of the US Securities Exchange Commission. Gensler is a professor known for his previous education on blockchain and cryptocurrencies. This situation, which is very well welcomed by crypto money lovers, also pleased XRP investors.
Guggenheim CEO Says Bitcoin Is More Valuable Than Gold
In a program he attended, Guggenheim CEO Scott Minerd argued that Bitcoin is a more valuable asset than gold with its limited supply and easy-to-carry feature. In addition, referring to the ease of paying with Bitcoin, he cited Russell Okung, who received his salary in Bitcoin.
BTC Purchases of Institutions Become a Trust Indicator
Galaxy Digital Holdings CEO Michael Novogratz stated that the BTC purchases of giant corporate companies such as MassMutual, Paul Tudor Jones and MicroStrategy will not come to an end. According to Novogratz, trust in Bitcoin is increasing day by day, and the purchases of corporate companies are proof of this.
AC Milan Is Also Releasing Its Own Token
AC Milan, one of Italy's long-established and big clubs, announced that it will issue its own token. The token, which will be launched under the name ACM, is expected to be issued in the coming weeks. Thus, ACM token holders will be able to have rights such as voting, vip rewards and experiences, and promotions.
Osprey Funds To Build A Bitcoin Fund To Rival Grayscale
Osprey Funds announced that it has created a BTC custody service called Osprey Bitcoin Trust Fund. The fund, which will go into operation with the OBTC abbreviation next week, set much lower interest rates compared to Grayscale. It is expected that there will be great interest for investors complaining about Grayscale's high commissions. Under the OBTC fund, the assets will remain locked for 12 months.
Ripple Started Recruiting For Payment Platform
Blockchain firm Ripple is hiring a new engineering director to lead the team that created the open source developer services for payment platform RippleX. The main purpose of RippleX, Ripple's own developer platform, was to be able to use the java language in the XRP Ledger network.
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