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Standard Chartered analysts shared their expectations for the FED chairman's speech tomorrow in their new report.
Ahead of a crucial bankruptcy hearing, FTX's reorganization plan receives 95% approval from creditors, resolving issues with asset value and taxable events.
Kansas City FED President Jeffrey Schmid, who was appointed as a FED member and is known for his hawkish stance, spoke about interest rate cuts.
Quick Take Digital Currency Group has fully repaid its short-term debts as of June, the company announced in a quarterly shareholder letter this week. Its only remaining debt is a $1.1 billion promissory note due to its bankrupt crypto-lending unit Genesis in eight years.
- 08:42Harvest Portfolios to List Two Bitcoin ETFs on Cboe CanadaAccording to a report by Jinse Finance, Cboe Canada, a subsidiary of CME Group, announced the listing of two Bitcoin exchange-traded funds (ETFs) from asset management company Harvest Portfolios: the Harvest Bitcoin Enhanced Income ETF (HBIX) and the Harvest Bitcoin Leaders Enhanced Income ETF (HBTE). It is reported that both Bitcoin ETFs employ an active covered call strategy and use moderate leverage.
- 08:42Analysis: Recommend Continuing to Be Bullish on Bitcoin While Hedging Risks with Altcoin Perpetual ContractsMay 9 news, according to the latest report from Matrixport, the price of Bitcoin has once again surpassed $100,000, rising 16% since reaching a key level of $85,450 on April 11. The report indicates that after Bitcoin broke through the 21-week moving average ($87,199) and the Fibonacci resistance level ($87,045), coupled with accelerated ETF inflows, a strong upward signal was formed. Currently, Bitcoin's market capitalization share has risen to 64.5%, the highest since the DeFi boom in 2021, demonstrating the market's "safe haven" tendency. In contrast, altcoins continue to perform sluggishly, with social media attention dropping by more than 40% since December last year. The report suggests maintaining a bullish outlook on Bitcoin while hedging risks through perpetual contracts on altcoins.
- 08:42Abraxas Capital Increases Holdings by Over 61,400 ETH in Two Days, Valued at Approximately $116.3 MillionAccording to a report by Jinse Finance, monitored by Lookonchain, the price of ETH has surpassed $2300, with an increase of over 20% in the past 24 hours. Meanwhile, Abraxas Capital continues to increase its holdings, withdrawing 61,401 ETH from exchanges in the past two days, valued at approximately $116.3 million.