🚨 BANKRUPTCY FILINGS SURGE TO DANGEROUS LEVELS
Bankruptcy filings have recently reached levels on par with the Great Recession in 2008 and the 2020 COVID-19 pandemic.
This indicator often suggests that the economy isn't performing well, and has historically always been followed by massive stock market crashes.
Bankruptcy filings have recently reached levels on par with the Great Recession in 2008 and the 2020 COVID-19 pandemic.
This indicator often suggests that the economy isn't performing well, and has historically always been followed by massive stock market crashes.
Please open Telegram to view this post
VIEW IN TELEGRAM
Spot & Futures Profits from today
Should we also do live trading on our Discord in the future?
Should we also do live trading on our Discord in the future?
BREAKING: Coinbase gets approval to offer #Bitcoin perpetual futures globally!
Bitcoin at $40,000 - $45,000 by the end of 2023?
Considering the open interest of options contracts on December 29th from Deribit, it's clear that traders are viewing the $40,000-$45,000 strike price as a baseline scenario.
However, there are reasons to be cautious about these bets:
The Max Pain price currently sits at $27,000.
This is the point at which options holders would experience the maximum overall economic loss or "pain."
The theory behind the "Max Pain" price is that the market - or market participants with significant market power, such as market makers - could manipulate the price of the underlying asset to move it close to or to the Max Pain price on the options' expiration day, causing most options traders to incur losses.
What do you think, is a price of $45,000 by the end of December realistic in the current situation?
Considering the open interest of options contracts on December 29th from Deribit, it's clear that traders are viewing the $40,000-$45,000 strike price as a baseline scenario.
However, there are reasons to be cautious about these bets:
The Max Pain price currently sits at $27,000.
This is the point at which options holders would experience the maximum overall economic loss or "pain."
The theory behind the "Max Pain" price is that the market - or market participants with significant market power, such as market makers - could manipulate the price of the underlying asset to move it close to or to the Max Pain price on the options' expiration day, causing most options traders to incur losses.
What do you think, is a price of $45,000 by the end of December realistic in the current situation?
Judge Denies SEC’s Motion to Appeal Ripple (XRP) Decision
According to breaking information, the judge in the Ripple case rejected the SEC's decision to appeal the recent Ripple victory.
This decision marks a significant victory for Ripple in its ongoing legal battle with the SEC.
The court simply says that the SEC should wait its turn to appeal these issues, the court's decision is fact-specific and limited to this case only, with no precedent to be cited.
According to breaking information, the judge in the Ripple case rejected the SEC's decision to appeal the recent Ripple victory.
This decision marks a significant victory for Ripple in its ongoing legal battle with the SEC.
The court simply says that the SEC should wait its turn to appeal these issues, the court's decision is fact-specific and limited to this case only, with no precedent to be cited.
Ripple gets formal approval for Singapore payments license
Ripple has received a full license to operate as a major payment institution from Singapore’s central bank, allowing it to continue operations there.
The Singapore license allows Ripple to provide digital payment token services. It joins a list of 14 others given the same license by the MAS, including the local arms of crypto exchanges Coinbase, Independent Reserve and http://Blockchain.com.
Ripple has received a full license to operate as a major payment institution from Singapore’s central bank, allowing it to continue operations there.
The Singapore license allows Ripple to provide digital payment token services. It joins a list of 14 others given the same license by the MAS, including the local arms of crypto exchanges Coinbase, Independent Reserve and http://Blockchain.com.
🟡 Minor Events this week: 09.10 - 15.10
https://twitter.com/ELYT_Analytics/status/1710984821030138238
https://twitter.com/ELYT_Analytics/status/1710984821030138238
How does the Israel-Palestine-War affect the crypto space?
➡️ Read our analysis here: https://elyt-analytics.org/x/Israel.pdf
➡️ Read our analysis here: https://elyt-analytics.org/x/Israel.pdf
BREAKING: SEC Won't Appeal Decision in Grayscale's Spot Bitcoin ETF Case
As it is known, Grayscale applied to the SEC to convert its Bitcoin Trust into a spot Bitcoin ETF, but the SEC rejected this request.
Grayscale objected to this decision of the SEC and took the situation to court.
The decision in this case was made in the last days of August, and the court found Grayscale right and decided that the SEC was wrong to reject Grayscale's spot Bitcoin ETF application.
It was eagerly awaited whether the SEC would appeal this decision. Today was the last day to appeal, but the SEC did not object to this decision.
After the news, Bitcoin price increased by 1 percent.
As it is known, Grayscale applied to the SEC to convert its Bitcoin Trust into a spot Bitcoin ETF, but the SEC rejected this request.
Grayscale objected to this decision of the SEC and took the situation to court.
The decision in this case was made in the last days of August, and the court found Grayscale right and decided that the SEC was wrong to reject Grayscale's spot Bitcoin ETF application.
It was eagerly awaited whether the SEC would appeal this decision. Today was the last day to appeal, but the SEC did not object to this decision.
After the news, Bitcoin price increased by 1 percent.
California Governor Signs Bill 39 to Regulate Cryptocurrencies
The law gives the Department for Financial Protection and Innovation (DFPI) powers to develop a robust regulatory framework, including licensing and enforcement authority for certain cryptocurrency activities.
It will come into force from 1 July 2025.
The law gives the Department for Financial Protection and Innovation (DFPI) powers to develop a robust regulatory framework, including licensing and enforcement authority for certain cryptocurrency activities.
It will come into force from 1 July 2025.
Bitcoin is now trading over its last 52-week-high of 31875$, which was set in July of 2023.
Please open Telegram to view this post
VIEW IN TELEGRAM
BREAKING: Grayscale Gets Court Approval to Proceed with Bitcoin Spot ETF Application
According to breaking information, in the Grayscale case, the court allowed the company to proceed with its Bitcoin Spot ETF application and send the application back to the SEC.
The court provided instructions to the SEC on how to proceed with Grayscale's Bitcoin Spot ETF application.
According to breaking information, in the Grayscale case, the court allowed the company to proceed with its Bitcoin Spot ETF application and send the application back to the SEC.
The court provided instructions to the SEC on how to proceed with Grayscale's Bitcoin Spot ETF application.