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Quick Take “I’m still hopeful that we’ll launch by the end of the year,” Ripple CTO David Schwartz said while speaking at The Block’s Emergence crypto conference. The upcoming holidays may cause the launch to be delayed, he said.
Quick Take A bitcoin reserve could fuel inflation and wouldn’t be of value to the government, Bill Dudley said on Friday in an opinion column published on Bloomberg. The price of bitcoin has reached new heights over the past month, surpassing a record $100,000 on Thursday.
Quick Take With MiCA coming into play and President-elect Donald Trump coming into office, there will be a proliferation of stablecoin issuers, experts discussed at The Block’s Emergence conference. While currently dominated by U.S. dollar-denominated tokens, these issuers may instead focus on different regions and fiat currencies.
Quick Take Coinbase, through consultant firm History Associates Inc., sued the FDIC in June and accused the agency of trying to cut off the crypto industry from the banking sector. “Operation Chokepoint 2.0 wasn’t just some crypto conspiracy theory,” Coinbase Chief Legal Officer Paul Grewal said in a post on X.
- 07:31ZachXBT: Helped recover a large amount of funds that the US government lost in a hacker attack, received 0 rewardsChain detective ZachXBT posted: A few months ago, when the U.S. government suffered a $20 million hacker attack, I helped recover a large amount of funds and received zero rewards for it.
- 07:31Analysis: Encrypted options indicate that the ETH/BTC ratio is expected to decline furtherAfter President Donald Trump did not mention any cryptocurrencies in his inauguration speech on Monday, options listed on the Deribit exchange show that the downward trend of the ETH/BTC ratio is still ongoing. According to risk reversal data tracked by Amberdata, as of noon Hong Kong time, Bitcoin call options traded at higher prices than Ethereum call options over multiple periods. Risk reversals are calculated by measuring the implied volatility difference between call and put options; when this value is positive, it indicates a bullish market sentiment. Notably, BTC's risk reversal shows that short-term and near-term call option trading prices are 4 to 5 volatility points higher than put options. Meanwhile, the volatility premium for Ethereum's call option trading price relative to its put option is relatively lower. In other words, it is expected that the ETH/BTC ratio will continue to decline. Earlier this week, the ETH/BTC ratio had already hit a three-year low of 0.03.
- 07:29BTC breaks through 102,000 US dollarsBitget market data shows that BTC has broken through $102,000, currently reported at $102,018.85, with a 24-hour drop of 4.9%.