The $6 billion expiration countdown: Traders pile into $82,000 bitcoin (BTC) calls ahead of May 29 expiry

Bitcoin Bitcoin$77,172.49 Deribit has about $6.25 billion worth of options expiring on May 29, and position data shows $75,000 and $80,000 as key levels to watch. The $75,000 puts have the highest concentration, with a notional value of $394 million, while the $80,000 calls are dominated by $532 million. The maximum pain price (i.e. the…

Read More

Illegal immigrant truck driver from India arrested in deadly California hit-and-run after Biden release

An illegal immigrant truck driver was arrested Tuesday for allegedly causing a fatal multi-vehicle crash in California and trying to flee the scene, federal officials said. Manvir Singh, an undocumented immigrant from India, instantly killed two people near Lodi, the U.S. Department of Homeland Security (DHS) said. Federal officials told Fox News that Singer, who…

Read More

Elon Musk’s SpaceX holds 18,712 bitcoin at fair value of $1.29 billion, IPO filing shows

SpaceX formally confirmed plans to go public on Wednesday, setting the stage for what could be the largest initial public offering in history and one that could propel CEO Elon Musk into becoming the world’s first trillionaire. The rocket and satellite internet company filed an S-1 registration statement with the U.S. Securities and Exchange Commission,…

Read More
f49914ceb7bf309a3508637f0335a56784a808e7 1280x853

A crypto whale has made a $224,000 bet that XRP’s price stays perfectly flat through June

While macro headwinds and regulatory developments point to a spike in volatility, massive investment in XRP derivatives is betting that its price will not see any change until the end of June. The move was recorded as a single-block transaction on cryptocurrency exchange Deribit, meaning it was a large transaction executed off-exchange in a privately…

Read More
3867dea1e42e72703ccdc1bd21a55c50

Moyes lands plum World Cup boondoggle

David Moyes will not spend the summer working out how to improve his Everton squad as they end the season without a win throughout April and May, but will supplement his generous Everton salary by working as a World Cup pundit for TalkSport. The Everton manager joins a squad that includes Brighton manager Fabian Huerzel,…

Read More