POKKET: Today’s Market Commentary (December 29)
Bitcoin is stable, trading $26700 while ETH is running up +7%, trading $732. Movers are REN +19%, CHZ +13%, VALUE +12%, BAND BQX +10%, DLT -17%.
The SEC has been granted by a NY court the right to freeze Virgil Capital’s $112M in assets, a fund who defrauded investors with a ‘crypto trading bot’. A ‘mega chad’ has hacked Cover Finance for $3M by taking advantage of a loophole to issue unlimited tokens – COVER is -50%.
Binance has launched European-style options on Bitcoin which settle in USDT, taking advantage of the explosion of option trading volume this year which exceeded $10B.
Traditional markets are open, SPX +0.9% and FAANGs +2.9%. VIX is still at 23.6v, DXY hanging on at 90.3 while USDJPY 103.75.
Check out today’s interest rates at POKKET.