News & Research

Bitcoin options with a notional value of $11.57 billion are set to expire at 8:00 a.m. UTC on Aug. 29, according to data from crypto options exchange Deribit. The contracts have a put/call ratio of 0.78 and a max pain price of $115,000. Additionally, Ethereum options worth $3.13 billion will expire at the same time, featuring a put/call ratio of 0.77 and a max pain price of $3,800.

Federal Reserve Governor Christopher Waller, who has been mentioned as a potential successor for the Fed chairmanship, described the recently enacted U.S. stablecoin regulation, the GENIUS Act, as a good starting point, according to media reports. He added that these issues will be addressed incrementally going forward.

Federal Reserve Governor Christopher Waller, who has been mentioned as a potential candidate for the next Fed Chair, stated that he had wanted an interest rate cut in July and that his conviction for one has since grown stronger. He believes a 0.25% rate cut is necessary in September and expects additional cuts over the next three to six months, according to Walter Bloomberg.

Nasdaq-listed Bitcoin miner Iren Limited, formerly known as Iris Energy, posted a net profit of $176.9 million for the second quarter on revenue of $187.3 million, The Block reported. The company projects its full-year revenue from Bitcoin mining will reach $1 billion.

Cryptocurrency ETP issuer 21Shares has filed an S-1 application to list a spot SEI ETF, BWE News reported.

Asset management firm VanEck said in a report that companies are accumulating Bitcoin faster and in greater quantities than initially anticipated. So far this year, corporate entities have purchased 638,617 BTC, a figure five times greater than the 120,290 BTC acquired in all of last year, U.Today reported, citing the document. VanEck projects that corporate accumulation could reach one million BTC by the end of the year. The firm noted that this trend indicates corporations are becoming more influential on Bitcoin than miners, as only around 330,000 BTC are expected to be mined during the next halving cycle (2028–2032). The report added that mining the subsequent 330,000 BTC is projected to take more than a century.

The total market capitalization of stablecoins has surpassed $280 billion, reaching a new all-time high, Walter Bloomberg reported.

Cryptocurrency asset manager Bitwise predicts that Bitcoin could reach $1.3 million by 2035, forecasting an annualized return of 28.3%. The firm's analysis includes a bull case scenario where Bitcoin could reach $2.97 million by 2035, and a bear case scenario with a target of $88,005.

The U.S. Securities and Exchange Commission (SEC) has extended its deadline to review a proposal from Grayscale to include staking in its spot ETH exchange-traded fund (ETF), Crypto Briefing reported.

A record number of Bitcoin holders are currently in profit, with more than 55 million wallets now in the black, Bitcoin News reported. The average holding period for these wallets is 4.4 years.