BlackRock Discusses Bitcoin ETF Liquidity with Top Market Makers
Tether reveals $3.2B in reserves, Bitcoin options surge to record highs, and Bittrex to exit US market
Welcome to the Coinfeeds Daily Digest. Dive into the latest buzz about major market makers joining forces with BlackRock for a potential Bitcoin ETF breakthrough. Discover Tether's remarkable rise in reserves, and witness the surging interest in Bitcoin options as they smash previous records. Meanwhile, the Unibot token grapples with a significant exploit, leading to substantial financial losses. Lastly, gain insights into Bittrex's recent court decision and what it means for its US operations.
Market Update
News
Major market makers in talks with BlackRock for Bitcoin ETF liquidity
Major market makers such as Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading are reportedly in discussions with BlackRock, the world's largest asset manager, to provide liquidity for its proposed spot Bitcoin exchange-traded fund (ETF). | Read More
Tether Reports $3.2 Billion Excess Reserves and Dominates Stablecoin Market
Stablecoin issuer Tether has reported a significant increase in its reserves, with $3.2 billion in excess reserves backing its stablecoins. This information was revealed in the company's Q3 attestation, which also highlighted a total of $86.4 billion in assets. These assets include exposure to US Treasuries and secured loans. | Read More
Bitcoin Options Open Interest Surges Into A New High
Bitcoin options have been making headlines recently as open interest in these derivatives reaches an all-time high. This surge indicates a renewed interest from both traditional finance market investors and institutions in Bitcoin, surpassing previous records set during the 2021 bull market. | Read More
Unibot Token Exploit Results in $600,000 Loss and 25% Price Drop
The cryptocurrency world has been rocked by another exploit, this time targeting the Unibot token. The token, which is associated with a Telegram-based trading tool, has seen a significant drop in price following the exploit. The attack has resulted in the loss of over $600,000 in crypto assets, causing the token's price to plummet by 25%. | Read More
Bittrex Receives Court Approval to Wind Down US Operations
The cryptocurrency exchange Bittrex has received court approval to wind down its operations in the United States. This decision comes after a series of legal and regulatory challenges faced by the company. | Read More