September Fed interest-rate increase is 'very unlikely,' Goldman Sachs says
Soft economic data has Goldman Sachs doubting a September rate increase, offering good news for bitcoin bulls.
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Nakamoto faces $60 million debt maturity after selling 600 Bitcoin
Bitcoin treasury company Nakamoto faces a balance-sheet test as 60 million USDT of debt matures in December. In June, the firm sold 600 BTC to reduce its credit facility to 165 million USDT. However, Nakamoto holds only $19.1 million in cash and 662 unencumbered BTC, totalling $57.8 million in free reserves. With 3,805 BTC locked as collateral on Kraken, the company remains highly vulnerable to market volatility before its December deadline.
The bitcoin futures market looks like a crowded club with a tiny exit – and it could cause pain
The market may be facing a dangerous liquidity mismatch as futures open interest outpaces trading volume by a significant margin.
Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96%
The proposal remains pending, while ETHU's sponsor-reported -96.15% average annualized NAV figure through June 30 shows the stakes. The post Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96% appeared first on CryptoSlate.