Wall Street jinx? Traders weight 'sell the news' potential after Bitcoin ETF ...
The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps. Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billion in trading volume on its first day, while BTC price rallied to a new record high of $67,000.But the spot gains did not stay for too long with BTC paring some gains going into the weekend.Bitcoin price corrected by almost 11% from its all-time high to reach....
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The FTX crypto exchange’s new index is called the Wall Street Bets Index. Following numerous headlines about the meteoric price rise of several assets, including GameStop (GME), AMC Entertainment (AMC) stocks, and Dogecoin (DOGE), crypto exchange FTX has listed an index following the assets. FTX named the index after Wall Street Bets — the Reddit group thought to be associated with pumping the prices of those assets. “We're happy to announce that we have launched trading for a basket of Wall Street Bets markets,” FTX said in a public statement on Thursday. The index trades as a futures....
Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
The Wall Street Bets saga, an incredibly ridiculous story about a group of amateur Reddit investors who beat career Wall Street hedge funds at their own game, is to be made into a movie. According to a report by online news site Deadline on Jan. 31, Metro Goldwyn-Mayer (MGM) won the rights to produce the film in a bidding war involving major Hollywood movie houses. The movie is to be based on a book proposed by author Ben Mezrich. Mezrich’s previous work, “The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal,” was adapted into....
14 hours ago, users began reporting about the "biggest sell wall I've ever seen": a 31 000 bitcoin sell wall appeared mysteriously at 300 USD per bitcoin on Bitstamp. I must agree, this is the biggest sell wall I've ever seen. One thing that amazes me is how little the market has moved in those 14 hours since the Sell Wall of Death. 31 000 bitcoins is Now 15 000 bitcoins. Not only has the market refrained from panic selling below 300 USD per btc (where 275 USD became the lowest point), people are even chomping the Bitcoin sell wall. If you watch the order book and the live trades you can....
According to Fortune, Wall Street Heavy Weight, Michelle Burns has joined the Board of Circle. "Burns's move is another sign that Bitcoins are starting to gain some following among established financial players. She is the former CEO of human resources consulting firm Mercer. Along with Goldman (GS), she is also on the board of Cisco Systems (CSCO) and the Elton John Aids foundation. She is also a former board member of Wal-Mart (WMT). And her Wal-Mart connection might be the most valuable to Circle, and Bitcoin in general. A growing number of retailers are considering whether to accept....