Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum futures ETF on Oct. 2, citing changes in the market. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation: “You are correct, we did not launch today. We […]
How High Can Ethereum (ETH) Price Reach as Futures ETFs Go Live?
The Ethereum (ETH) price increased to $1,750 on Monday as investors reacted positively to the Futures ETF launch. Key on-chain metrics provide insights into how high the Ethereum price could reach amid the ongoing rally. Ethereum (ETH) Futures ETF went live on Monday, sending the altcoin investors into a buying spree. Amid the prevailing bullish […]
Volatility Shares cancels ETH-ETF futures launch, ‘didn’t see the opportunity at this point in time’
The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”
Is Bitcoin’s Bottom In Sight? Expert Analysis Says Yes
Bitcoin prices could be bottoming, looking at price charts, and this might be one more opportunity for the savvy to accumulate before prices rip higher, according to one optimistic analyst. Taking to X, the analyst, Cryptocon_, said the “Ultimate Oscillator” indicator suggests that Bitcoin is at a “cyclical bottom,” adding that for the “first time,” […]
Michael Lewis Claims FTX Was a ‘Great Real Business’
Noted author Michael Lewis was buried under a Crypto Twitter pile-on after he highlighted FTX’s ability to generate cash in an interview with CBS’ 60 Minutes. During the broadcast, Lewis sought to distinguish Sam Bankman-Fried’s collapsed crypto empire from the infamous operations of other convicted fraudsters, such as Bernie Madoff. “This isn’t a Ponzi scheme,” […]
Elon Musk Livestreams Diablo IV on Twitter to Show Off Twitch-Like Feature
X has rolled out a livestreaming studio. How will it fare against Kick and Amazon’s Twitch?
Hong Kong’s Crypto Initiatives Spark ‘Bubbling Optimism’ in East Asia: Chainalysis
Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. Chainlysis’ latest analysis signals a potential tailwind […]
Jamie Dimon praises AI tech, saying JP Morgan could use it in ‘every single process’
Jamie Dimon, the CEO of JP Morgan Chase, praised various applications for artificial intelligence (AI) in an interview with Bloomberg on Oct. 2. Dimon called AI a “living, breathing thing” that can adapt to multiple multiple areas. He said that JP Morgan could use AI in “every single process,” stating: “So errors, trading, hedging, research, […]
Cardano Looking Incredibly Bullish As ADA Price Boost Proves Formidable Amid Solid Potential
Cardano (ADA) has recently been at the forefront of discussions within the cryptocurrency market, particularly as it exhibits bullish solid signals as the fourth quarter starts. Amidst the volatile altcoin landscape in early October, ADA has been a standout performer, catching the attention of both traders and analysts. At press time, the eighth-largest cryptocurrency was […]
CFTC Chair Demands ‘Additional Authority in the Crypto Space’ to Fight Fraud
In remarks to the Futures Industry Association Expo 2023 on Monday, Commodity Futures Trading Commission (CFTC) Chair Rostin Benham tried to portray his agency as playing the role of a neutral enforcer of financial market probity. Yet Benham described a vastly expanded effort to crack down on decentralized finance (DeFi) and cryptocurrency platforms. He freely […]