The CME Group, which operates the Chicago Mercantile Exchange, told Blockworks Tuesday that volumes and open interest for crypto derivatives soared in the third quarter of 2023. 

In fact, with the ongoing bitcoin rally, CME Group said via email that Monday’s “trading session marked a record [open interest] for CME Group Bitcoin futures at 20K contracts.”

Open interest simply denotes the total number of active derivatives contracts (futures or options) held by traders. The metric demonstrates how many people in the market are interested, as the term suggests, in holding a position.

But Monday’s trading day, when bitcoin (BTC) flashed up from around $30,500 to nearly $35,000, was…

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Greenidge Generation Holdings Inc GREE shares are trading higher Tuesday after Bitcoin BTC/USD reached $35,000 for the first time since 2022.

What To Know:

Shares of GREE have gained 38% over the last month as the price of Bitcoin rises and excitement surrounding the potential approval of BlackRock’s spot Bitcoin ETF builds. 

Greenidge Generation Holdings Inc. owns and operates a vertically integrated cryptocurrency data center that generates revenue in the form of bitcoin by earning bitcoin as rewards and transaction fees for supporting the global bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the company.

Shares of GREE are up…

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Bitcoin’s price eclipsed $35,000 late Monday in a rally apparently spurred — at least in part — by optimism around the approval of bitcoin ETFs in the US that would hold the asset directly. 

While certain signals look bullish for such proposals, observers say that the US Securities and Exchange Commission is still mulling the merits of a swathe of applications — and could take its sweet time.

The bitcoin ETF proposed by asset management giant BlackRock — complete with ticker IBTC — was listed on the website of the Depository Trust and Clearing Corporation (DTCC) website, industry watchers pointed out Monday. 

DTCC is a market infrastructure giant that processes trillions…

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Digital Currency Group said it “cooperated for months” with the New York Attorney General in its investigation prior to the lawsuit last week. 

“We were blindsided by the filing of the complaint, and there is no evidence of any wrongdoing by DCG, [CEO] Barry Silbert, or our employees, nor are there any compelling factual allegations in the complaint to establish the AG’s conclusory assertions regarding DCG,” the letter shared with Blockworks said.  

DCG said it engaged with the investigation in an “open and transparent matter,” prior to the suit. “There are no new material allegations in the complaint about DCG; this is largely a regurgitation of previously raised…

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BlackRock’s proposed bitcoin ETF is no longer listed on the Depository Trust and Clearing Corporation website.

The iShares Bitcoin Trust had previously been the first potential ETF to list on the site.

Bloomberg analyst Eric Balchunas said that the listing was “notable” and showed BlackRock as “leading charge on these logistics (seeder, ticker, dtcc) that tend to happen just prior to launch.”

“Hard not to view this as them getting signal that approval is certain/imminent,” he added Monday.

The developments come amid a rally in the price of bitcoin that has been attributed, at least in part, to positive sentiment around US regulatory approval of a bitcoin ETF. Bitcoin’s…

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Bitcoin-related stocks saw a major surge on Tuesday, riding the wave of strong bullish momentum in the cryptocurrency market. This upswing was primarily driven by increasing optimism surrounding the potential approval of the first spot Bitcoin exchange-traded fund (ETF) by the SEC.

Companies like Marathon Digital Holdings Inc. MARA, Riot Platforms Inc. RIOT, CleanSpark Inc. CLSK, and Bit Digital Inc. BTBT all witnessed impressive double-digit gains, breaking through critical technical resistance levels.

Bitcoin BTC/USD itself reached a high of $35,198 on Tuesday before retracing to $34,100 at the time of publication. The apex crypto is currently poised to achieve its sixth consecutive…

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BlackRock’s bitcoin ETF proposal has been removed from the Depository Trust and Clearing Corporation website. Previously, the iShares Bitcoin Trust was the initial prospective ETF to appear on the site.

Reference Link : Latest updated list from DTCC

Archive version link : This is an archived version of it listed here.

Amid signs of a thawing crypto bear as Bitcoin BTC/USD hit the $35,000 mark briefly, a well-known crypto analyst has questioned the potential end of its bearish trend and analyzed key price ranges that could determine its future trajectory.

Rekt Capital’s latest analysis provides some insights on whether the bearish thesis for Bitcoin and Ethereum ETH/USD is over.

Bitcoin’s monthly performance, with a rise of more than 14%, has been commendable.

Observers noted a potential monthly range formation between approximately $27,150 to $30,450.

Join the conversation at Benzinga’s Future of Digital Assets conference on Nov. 14 and gain deeper insights into the evolving digital currency landscape.

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