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J.P. Morgan suggests that rising geopolitical risk could lead investors to adopt a “debasement trade” strategy, favoring gold and bitcoin as safe-haven assets.However, recent CryptoQuant analysis suggests that while gold prices are rising in response to lower U.S. Treasury yields and increased geopolitical risk, bitcoin is not experiencing similar gains.
Quick Take The trust, called the Grayscale Aave Trust, is available for “eligible individual and institutional accredited investors,” the firm said. Grayscale has launched several crypto funds, specifically spot bitcoin and ether ETFs over the past year.
Bitcoin may fall below $60,000 before the weekend due to geopolitical risk fears, according to Standard Chartered’s Geoff Kendrick, who argues this would present an opportunity for accumulation.Kendrick also highlighted a significant uptick in bitcoin call option positions, noting an increase in open interest for the $80,000 strike price expiring on December 27.
Quick Take Swift said banks will begin live trials of digital asset and currency transactions over its network next year. It marks the first time Swift will move beyond experimenting with blockchain transactions in testing environments to real-world settlement.
The Tokyo-listed firm said that it earned 23.972 BTC by selling put options.The firm has thus expanded its total holdings to 530.717 bitcoin.
Quick Take Taiwan’s Financial Supervisory Commission will require virtual asset service providers to complete AML compliance registration or face criminal penalties. The rules are set to take effect on Jan. 1, 2025, and VASPs must complete relevant registration by September 2025, according to the FSC.
Quick Take The Chinese government banned crypto trading, but it has long embraced other applications powered by blockchain technology. With the U.S. electing a pro-crypto president, could China reconsider its stance on crypto? What factors could come into play as China seeks to balance crypto regulation with blockchain innovation? This is a guest post written by Anderson Sima, Executive Editor of Foresight News.
U.S. spot bitcoin ETFs recorded net outflows of $91.7 million on Wednesday.Ark and 21Shares’ ARKB led the outflows with $60.2 million exiting the fund.
Quick Take Aerodrome Finance contributes over $1 billion in deposits on Base, accounting for more than half of the network’s TVL.
Ethereum futures open interest across all exchanges has hit a new all-time high, according to CryptoQuant data.Positive funding rates and record leverage ratios highlight increased risk-taking, with traders betting on rising Ethereum prices.
