"Money Electric: The Bitcoin Mystery" identified Bitcoin developer Peter Todd as the cryptocurrency's pseudonymous creator, a claim Todd had denied even before the broadcast. Positive developments in revealing Satoshi's true identity could, in theory, be a volatility-boosting event for crypto markets. However, HBO's attempt, like all previous ones, proved unfruitful. Bitcoin trades at around $62,150, a drop of about 0.45% in the last 24 hours.
Ether ETFs recorded over $8 million in withdrawals. Low volatility in BTC came after a lack of new measures and announcements of new stimulus at a Chinese briefing on Tuesday pared hopes of a long-drawn stimulus package, which had contributed to a bitcoin run in the past few weeks. Stocks in China are deep in the red, with the Shanghai Composite Index down 3.9% and Shenzhen’s Component Index down 4%.
The trade saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit. A long straddle is preferred when the market is expected to move far enough in either direction to make the call or the put option worth more than the cumulative premium paid.
The tally has risen to over $2 trillion, posing a risk to financial stability, according to Apollo's chief economist, Torsten Sløk.. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation.
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