News list for "principal"
The Office of the Comptroller of the Currency (OCC) today issued Explanatory Letter 1188, confirming that NAB can engage in permitted banking activities related to transactions in crypto assets with risk-free principal. Such transactions involve banks acting as principal when conducting crypto asset transactions with one customer while performing offset transactions with another. Banks act as intermediaries, not holding inventory of crypto assets, but acting in a similar capacity to brokers acti...
According to the chain analyst @ai_9684xtpa monitoring, the Hyperliquid whale, which was 50 times more bullish on ETH and continued to profit $5,000 in all position squaring for 2 minutes, has withdrawn all the principal profits totaling 3.605 million dollars.
According to Julio Moreno, head of CryptoQuant Research Institute, Bybit's ETH reserves are slowly recovering. Since the hack, the trading platform has seen a net inflow of 139,000 ETH.
Eskender Abebe, head of ENS product and strategy for the Ethereum domain name service, announced in a post on the X platform that he has chosen to leave after two and a half years of service in the project and has now joined the AI proxy operating system project elizaOS as the chief product officer.
Matthew Sigel, head of digital asset research at VanEck Research, posted on the X platform that the U.S. strategic bitcoin reserve could help offset the national debt, and the agency has modelled this and released a tool on its website. In response, Cynthia Lummis, chairperson of the US Senate Banking Subcommittee on Digital Assets, said that relevant tools are cool and worth promoting, and bitcoin solves the problem of reducing national debt.
Jesse Pollak, head of protocols at Base, wrote about the recent celebrity token incident: "A few days from now, the same people will come back and sell us the same shit, wrapped in slightly different wrapping paper (e.g. New Celeb, New Air of Legitimacy, etc.). The only way for the industry to get out of this mess is for long-term thinkers to build a better future. It's up to us."
Blockchain.com appointed Justin Evans, the former head of Goldman Sachs crypto investment bank, as chief financial officer, and Mike Wilcox, the former investment manager at Point72 Asset Management, who also served as CFO of Velocity Global, as chief operating officer. The company plans to expand its staff by 50% to further advance its IPO plans. Evans said Blockchain.com is taking the necessary steps to prepare for a listing.
According to Lin, head of Asia Pacific commerce at Deribit, there is a bitcoin large option trade today. An investor bought a $105,000 call option at the end of June, and sold a $120,000 call option at the same time. The unilateral size is 100 BTC, and the premium paid is $541,000. The breakeven point of the bull spread option portfolio is $111,000.
According to the data disclosed by Lin Chen, head of Asia Pacific commerce at Deribit, on the X platform, the largest block trades of BTC and ETH on Deribit today are call options. Specifically: BTC: a user income 3.165 million dollars, buy the end of January 105,000 call options, while selling the end of March 115,000 call options, unilateral total of 925 BTC, the operation is bullish, and the user expects the near future price will break through, and the end of March can 115,000 take profit. E...
Lin Chen, head of Asia Pacific commerce at Deribit, said in a statement that in the options market, there is only a 10.62% chance that the price of ETH will exceed $4,000 by the end of January.
