Search Results for: Richard Galvin

Deribit, the largest cryptocurrency options exchange, announced plans to introduce options trading for altcoins Solana, Polygon, and Ripple. Despite tumbling prices and regulatory uncertainties, this move could boost liquidity, enable risk management, and strengthen Deribit’s position in the volatile market.

“Liquid staking protocols, particularly Lido, have seen a massive rise recently despite an overall downturn in the DeFi industry. The popularity of liquid staking, driven by regulatory pressures and attractive yield returns, suggests a potential shift within the DeFi ecosystem.”

Binance Australia faces a cut-off from PayID service, causing traders to trade Bitcoin and other cryptos at discounted prices. From June 1, users will no longer withdraw AUD via PayID, following recent difficulties with financial service providers. Binance Australia seeks alternative providers to continue offering AUD services.

Institutional investors are increasingly favoring Ethereum over Bitcoin, with Ethereum’s lower volatility index attracting more capital allocations. This shift raises questions about the future of cryptocurrencies and the regulatory stance of organizations like the SEC.