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Bitwise has introduced three new actively managed ETFs focused on generating income from crypto-related stock volatility. The crypto ETFs use synthetic covered call strategies to collect premiums while limiting exposure to sharp upward price movements. IMST targets Strategy’s volatile stock to generate monthly income through advanced algorithmic options trading.
BTC price action is back in bearish territory now. Is the leverage shakedown over? Bitcoin’s estimated leverage ratio extends decline. Whale activity on the rise signaling accumulation.
FIL witnessed a major price surge after its listing on Upbit exchange, along with a notable surge in development activity.
Cardano (ADA) is hovering around the $0.65 support level, with the analyst warning of a possible 10% drop, but also eyeing a potential rebound to $1.
- 23:37Wall Street Market Maker Citadel Securities Urges US SEC to Proceed Cautiously on Securities TokenizationAccording to a report by Jinse Finance, Paul Atkins, Chairman of the US SEC, recently stated that traditional securities regulations may be simplified to help companies issue tokenized securities. In a comment letter to the SEC's cryptocurrency working group on Monday, Wall Street's major market maker Citadel Securities expressed concerns that such measures could lead to investor confusion and create an unfair competitive environment between exchanges and listed companies. Citadel Securities hopes that the US Securities and Exchange Commission (SEC) will proceed more cautiously in allowing the development of "tokenized" securities.
- 23:07IMF’s Second-in-Command Gita Gopinath to Step Down at the End of AugustAccording to a report by Jinse Finance, the International Monetary Fund (IMF) announced in a statement that its second-in-command, Gita Gopinath, will step down at the end of August and return to Harvard University. The IMF stated that Managing Director Kristalina Georgieva will appoint Gopinath’s successor “in due course.” Gopinath joined the IMF in 2019 as the organization’s first female Chief Economist and was promoted to First Deputy Managing Director in January 2022. The U.S. Treasury Department has not yet commented on the matter. Traditionally, the IMF Managing Director is selected by European countries, while the First Deputy Managing Director is recommended by the U.S. Treasury Department.
- 23:07Another US Media Outlet Blacklisted by the White House over Trump-Epstein CoverageAccording to Jinse Finance, on July 21 local time, the White House removed The Wall Street Journal from the press pool covering Trump’s trip to Scotland due to reports related to Epstein. White House Press Secretary Karoline Leavitt stated that this decision was made “because of The Wall Street Journal’s false and defamatory conduct,” referring to the newspaper’s recent coverage of Trump and Jeffrey Epstein. Trump is scheduled to visit Scotland from July 25 to 29 and will meet with UK Prime Minister Starmer. Previously, due to issues regarding the naming of the “Gulf of Mexico,” the White House barred Associated Press reporters from covering events in the Oval Office, Mar-a-Lago, and aboard Air Force One.