LUNA, the native token of decentralized payments network Terra, bumped to over $100 in European hours on Friday to lead a ‘Santa rally’ in crypto markets.Traders took advance of Thursday’s 10% decline to $85 to bring LUNA back to its previous high of $96 in early Asian hours. Then an announcement by crypto exchange Binance that it will list UST, a stablecoin issued on the Terra … [Read more...] about DeFi Value on Terra Surges to Record $21B as LUNA Tops $100
21B
What Elon Musk’s $21B Tesla Sale Gambit Says About Markets
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” NLW looks at why the fracas around Elon Musk’s Twitter poll about his selling 10% of his Tesla stock is about much more than Tesla. It has implications for domestic politics, market structure and why crypto is the future.Additionally, the Brief covers:The NYC mayor-elect says bitcoin should be … [Read more...] about What Elon Musk’s $21B Tesla Sale Gambit Says About Markets
Bitcoin bears dominate Friday’s $2.1B BTC options expiry with a $585M lead
A total of 53,400 Bitcoin (BTC) options are set to expiry on Friday. At first sight, bulls appear to lead as the $2.1-billion open interest call (buy) to put (sell) options ratio stands at 1.32, favoring the neutral-to-bullish derivatives.However, after Bitcoin dropped 33% in May, the right to acquire BTC at $46,000 and above is essentially worthless since there is less than 38 … [Read more...] about Bitcoin bears dominate Friday’s $2.1B BTC options expiry with a $585M lead