Welcome to this week’s Crypto market update on The Daily Chain. We are collaborating with NKB Group – a full-service investment bank focused on blockchain technology. These updates will include the top crypto news stories of the week, charts, data, BTC, coin and more.
After a volatile start to the week, digital assets were stabilising towards the end, with the total market cap ranging in a tight 6% channel. After reaching new yearly highs, BTC has recorded a fairly volatile week too, with spot price falling to $9.6k on Tuesday and the next day recovery to above $12k. BTC is currently sitting just below $11.5k, anticipating a major move from the triangle. The best performing assets from the Top-30 group last week were Tezos (26.7%), Crypto.com Chain (31.5%) and Monero (14.4%).
Top News Stories
ErisX, which is backed by TD Ameritrade, announced that the CFTC granted it a derivatives clearing organization (DCO) licence, acting as a secondary approval on top of an existing designated contract market (DCM) licence that the exchange already held. The approvals mean the company can now launch crypto futures products under the auspices of the U.S. regulator.
At the blockchain summit in Taipei, the CEO of Binance has announced that the exchange will be launching a futures trading with leverage up to 20x.
Cryptocurrency derivatives exchange BitMEX is preparing to launch a bitcoin zero coupon bond in the “next few weeks,” its CEO Arthur Hayes told Bloomberg at the Asia Blockchain Summit in Taipei.
Bitfinex has announced that the outstanding loan worth $100m from Tether has been repaid.
More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from the derivatives marketplace. In 2019 alone, there has been more
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