🌙 Bitcoin Weathers Storm

While a measure of Bitcoin’s volatility hit FTX-collapse levels on Monday, a decline in leveraged Bitcoin bets wasn’t as severe.

Author

Mike Gavela
August 06, 2024

In partnership with

Crypto Roundup - August 6

Bitcoin experienced one of its most volatile trading days as it weathered significant market fluctuations related to the FTX incident. Meanwhile, BlackRock and Nasdaq are advancing efforts to introduce options on a spot Ethereum ETF, a move that could expand investment opportunities and market liquidity. Providers of Bitcoin and Ethereum ETFs suggest that these financial products could help stabilize market volatility by offering more structured and regulated investment options.

Top Stories:

  • Bitcoin weathers most volatile trading day amid FTX-related turmoil, highlighting ongoing market instability.

  • BlackRock and Nasdaq push for options on spot Ethereum ETF, potentially enhancing market liquidity and investment opportunities.

  • Bitcoin and Ethereum ETFs may reduce market volatility, according to providers, offering more regulated investment alternatives.

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TOP STORIES

Bitcoin Weathers Most Volatile Trading Day Since FTX Collapse: K33 Research - Decrypt

While a measure of Bitcoin’s volatility hit FTX-collapse levels on Monday, a decline in leveraged Bitcoin bets wasn’t as severe.

decrypt.co/243427/bitcoin-weathers-most-volatile-trading-day-ftx

BlackRock, Nasdaq make the push for options on spot Ethereum ETF

Nasdaq and the world's largest asset manager plan to list and trade options for its spot Ethereum exchange-traded fund.

www.theblock.co/post/309850/blackrock-nasdaq-make-the-push-for-options-on-spot-ethereum-etf

Bitcoin and Ethereum ETFs May Reduce Market Volatility, Providers Say - Decrypt

As crypto markets bounce back after a treacherous start to the week, ETF providers claim that institutional investment may have helped.

decrypt.co/243329/bitcoin-and-ethereum-etfs-may-reduce-market-volatility-providers-say

FUNDRAISING

Web3 game studio Curio raises $5.7 million in seed funding

OKX Ventures participated in the seed round, bringing Curio's total funding raised to $8.7 million.

www.theblock.co/post/309587/web3-game-studio-curio-raises-5-7-million-in-seed-funding

OTHER HEADLINES

Ronin Network Paused After Upgrade Allows Attackers to Drain $12 Million - "The Defiant"

So-called ‘white hat’ hackers stole 4,000 ETH and $2 million in USDC before the team took action.

thedefiant.io/news/defi/ronin-network-paused-after-upgrade-allows-attackers-to-drain-usd12-million

Solana users are spamming transactions to earn Ore tokens — and they’re spending thousands of dollars in the process

Ore's gamified airdrop is causing a sensation over on the Solana blockchain.

www.dlnews.com/articles/defi/solana-users-spend-thousands-to-earn-ore-tokens

Nasdaq asks to list options on spot Ethereum ETFs — Filing

Nasdaq seeks U.S. regulatory approval for options trading on Blackrock’s iShares Ethereum Trust ETF, marking a key step towards broader ETH ETF adoption.

cointelegraph.com/news/nasdaq-options-spot-ethereum-etfs-filing

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