These options, settled in USDT, let traders hedge risk, speculate on gold prices.
Ether, XRP, Solana and Hyperliquid funds all took in money, but bitcoin’s outflow was really just Grayscale’s GBTC.
Asian demand and ETF inflows helped push XRP through $1.20, but the token struggled to hold its highs after running into fresh selling near a key resistance zone.
A US-Iran deal pulled oil lower and lifted stocks, but bitcoin’s bounce is hesitant. ETF outflows just paused after a record run, and analysts say the market wants the deal signed before pricing it in.
The Bank of Japan raised its key interest rate by 25 basis points to 1%, the highest level since 1995.
UFC Freedom 250 paid fighter bonuses in USD1, the stablecoin issued by the Trump-linked crypto venture World Liberty Financial, at a contest held at the White House.
The purchases were likely funded by selling other positions, data shows. ARK is also one of the loudest bitcoin bulls, with a million-dollar target for 2030.
A large build-up of speculative short positions in the yen raises the risk of a sharp short squeeze if the BOJ signals more aggressive tightening, potentially unwinding yen-funded carry trades that support risk assets.
A ceasefire in April collapsed, and US strikes broke a second truce on June 9 with bitcoin giving back the entire move both times.
XRP extended its rebound from recent lows on the strongest buying activity in weeks, with institutional flows and ETF demand supporting a push toward the $1.20 level.
A peace agreement that reopens the Strait of Hormuz pulled the geopolitical premium out of oil and put back into risk assets.
The price of crude oil is tumbling, and U.S. stock futures are moving higher.