November 15, 2024
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Trump Names Former SEC Chair Jay Clayton to DOJ Office, the Same Office That Prosecuted SBF XRP Jumps 17% Outperforms Rest of the Market as Rally Cools; Trader Thinks $120K Bitcoin Target Still in Play Republican State AGs and DeFi Lobby Sue SEC Over Crypto Enforcement Actions Ex-SEC Lawyers Agree: Crypto Enforcement Shackles May Take Time to Resolve Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor Fed Chair Jerome Powell’s Hawkish Comments Throw Some Cold Water on Crypto Ex-Valkyrie CEO Leah Wald’s Investment Firm Buys Four Validators, Including Solana Network’s, for Nearly $18M How Tokenized Money Market Funds Dulled the Stablecoin Star UK Government Plans Pilot for a Digital Gilt Instrument Using Distributed Ledger Technology Tether Unveils New Platform to Simplify Asset Tokenization for Businesses, Nation-States

Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K

The strategy provides a hedge against a potential bitcoin price pullback to $47,000 and costs over $20 million, according to crypto block trading service provider Greeks.Live.

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