Ethereum's bearish options activity contrasts with Bitcoin's bullish outlook, as seen in declining perpetual open interest and increased put options. This defensive positioning indicates a cautious approach by investors, with a focus on specific price targets and timeframes for potential corrections.
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The SEC and CFTC announced that registered exchanges can facilitate trading of certain spot crypto products, focusing on leverage and margin. This move follows a report urging regulatory clarity on digital assets, signaling an improving regulatory environment for cryptocurrencies.
An upcoming Hollywood film, "Killing Satoshi," will delve into the mystery of Bitcoin's creator, Satoshi Nakamoto. Director Doug Liman and writer Nick Schenk will explore a conspiracy surrounding Nakamoto's identity and the origins of cryptocurrency. The film, produced by Ryan Kavanaugh, is set to begin production in October.
Solana's network upgrade proposal, Alpenglow, has been approved by validators, promising faster transaction confirmations with reduced latency to 150-200ms. The implementation is expected to be live on testnet by December and on mainnet by Q1 2026.
The crypto market saw a 1.2% increase today, reaching $3.9 trillion, while traditional markets like the S&P 500 experienced a 1.39% drop. Bitcoin, Solana, and XRP led with 2% gains, showing resilience amidst market uncertainties.
BitMine Immersion Technologies has acquired 153,000 Ethereum, now owning 1.86 million worth $8.1 billion, making it the largest corporate holder of Ethereum. Fundstrat co-founder Tom Lee believes Ethereum will lead the market for digital assets, with Wall Street showing interest in the blockchain technology.
Starknet has faced two outages following its recent "Grinta" upgrade, with downtime totaling over five hours today. The network encountered issues like block production halts and unrecognized code, prompting the team to deploy fixes.
SharpLink Gaming increased its Ethereum holdings by purchasing 39,008 ETH, bringing the total to 837,230 ETH valued at nearly $3.6 billion. The company raised $46.6 million through an ATM facility and saw its stock price drop over 5%.
Gemini plans to raise up to $317 million in its public offering, valuing the company at nearly $2.3 billion. The IPO will include around 16.6 million shares of Class A stock, with lead underwriters being Goldman Sachs, Citigroup, Morgan Stanley, and Cantor Fitzgerald.
Somnia, a Layer 1 blockchain by Improbable, has launched its mainnet with the SOMI token after a successful testnet phase. The network boasts high throughput, low fees, and integration with various protocols and tools for DeFi and gaming applications.