WIF open interest jumps 16% as trader claims 'nobody is ready' for reversal

After launching a Bitcoin investment tool for millionaires earlier this year, Morgan Stanley dives deeper into crypto. 1211 Total views 29 Total shares Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division.The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its…

Legendary investor Warren Buffett sees no value in Bitcoin (BTC), infamously calling it "rat poison squared." But data shows that adding Bitcoin to a so-called "Rat Poison Portfolio," an equally weighted portfolio of Berkshire Hathaway, Microsoft, JPMorgan, and BlackRock stocks, would have produced much better returns for The Oracle of Omaha."Rat poison portfolio" with Bitcoin…

Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote. 404 Total views 6 Total shares Despite the ongoing cryptocurrency bear market, investors have been increasingly looking at Bitcoin (BTC) as a safe haven, a new study suggests.The rise in correlation between…

Atari's new partnership sets the stage for builders to incorporate the gaming powerhouse's token. 941 Total views 24 Total shares Atari has partnered with blockchain-as-a-service, or BaaS, company Arkane Network, allowing digital asset integration into gaming. A key aspect of the announcement sees developers able to build Atari's Token into aspects of the gaming sphere, said a…

Blockchain infrastructure service platform Bison Trails has launched support for running full nodes and staking on Cosmos. 3136 Total views 15 Total shares Blockchain infrastructure firm BisonTrails has launched support for the Cosmos ecosystem, allowing its clients to stake and run nodes for blockchain ecosystem Cosmos.BIson Trails offers services to simplify the process of participating…

Lido DAO (LDO) price edged higher on Aug. 3, primarily due to similar upside moves elsewhere in the crypto market and a rising euphoria around Ethereum's network upgrade in September.On the daily chart, LDO's price reached an intraday high of $2.40 a day after bottoming out locally at $1.84. The sharp upside reversal amounted to…

Mexico's central bank is currently working on legal, administrative, and technological requirements for the peso's digital version. 306 Total views 4 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTMexico's central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by…

Bitcoin (BTC) bulls should brace for a potential onslaught from bears as the number of margined short positions on Bitfinex jumps by a little over 378%.Known to most by the ticker BTCUSD Shorts, the dataset records the number of bearish positions in the Bitcoin market. In simple terms, traders borrow funds from Bitfinex — their…