Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel Securities’ shift toward new asset classes such as crypto.Sequoia, who led the round, with investment from Sequoia Heritage, Sequoia … [Read more...] about Citadel Securities takes in $1.15B investment from Sequoia and Paradigm
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Pro traders close Ethereum longs even after today’s $1.15B options expiry
Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high. Even though the $1.15 billion options expiry in the early hours of March 26 could have pressured Ether price, the continuing surge in gas fees for Ethereum transactions likely played a part.To better assess these forces, one should analyze top traders' exposure using data … [Read more...] about Pro traders close Ethereum longs even after today’s $1.15B options expiry
Ethereum bulls may reemerge after March $1.15B ETH options expiry
Over the past two months, the open interest on Ether (ETH) options increased by 50% to reach $3.1 billion, with ETH price gaining 44% in that time period. Ether's price appreciation and the rising options open interest has resulted in a potentially historic $1.15 billion expiry set for March 26.Ether options aggregate open interest. Source: CryptorankMost exchanges offer … [Read more...] about Ethereum bulls may reemerge after March $1.15B ETH options expiry