A $2 million bet on XRP volatility crosses the tape as prices surge
An options trader opened a large straddle on XRP, betting on wild price swings by Aug. 28.
Surge
Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options
Banking giant UBS, with over $7 trillion in assets under management, has reported a more than 24-fold quarterly increase in call option exposure tied to BlackRock’s iShares Bitcoin Trust (IBIT) in the second quarter. That increase, which gives it the right to acquire IBIT shares… Read More
BlackBerry shares surge 23% after the former phone giant reveals its new role in the AI boom
“As intelligent machines become increasingly autonomous and operate around people, the requirements for safety, security, reliability and real-time determinism become even more important,” CEO John Giamatteo said during an earnings call. “Unlike probabilistic AI systems, QNX technology is deterministic and safety certified, which is exactly… Read More
It’s not all HYPE: Privacy and quantum-resistant coins surge as bitcoin marks time: Crypto Daily
This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already. Bitcoin BTC$77,640.65, ether (ETH), XRP (XRP), solana (SOL) and other top 10 coins have had a tough time lately, with each falling at least 2% in the past seven days.… Read More
BTC tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surge
Bitcoin is beginning the Hong Kong trading day under $80,000, according to CoinDesk market data, as the market once again tests a level that has repeatedly capped upside in recent sessions. Price action remains rangebound just below the $80,700 short-term holder realized price, a key… Read More
Binance and Biget to probe RAVE’s 4,500% token surge as claims of insider-orchestrated rally grow
Binance and Bitget, two major cryptocurrency exchanges, have opened investigations into trading activity surrounding RaveDAO’s RAVE token, after onchain sleuth ZachXBT alleged insiders engineered a large short squeeze that drove the token’s rapid rise. Crypto exchange Bitget’s CEO Gracy Chen said the exchange had “started… Read More