The latest edition of Hodler’s Digest covers various topics related to Bitcoin, including the Chicago Mercantile Exchange (CME) surpassing Binance in BTC futures open interest, a OneCoin legal officer pleading guilty, and Bitcoin’s potential cycle high of $110,000.
CME Tops Binance in BTC Futures Open Interest
The Chicago Mercantile Exchange (CME) has surpassed Binance, one of the world’s largest cryptocurrency exchanges, in BTC futures open interest. Open interest refers to the total number of outstanding futures contracts. This shift signifies that institutional investors are increasingly showing interest in trading Bitcoin futures on regulated exchanges.
OneCoin Legal Officer Pleads Guilty
A legal officer for the infamous OneCoin scam, Mark Scott, has pleaded guilty to money laundering and fraud charges. OneCoin was a cryptocurrency Ponzi scheme that defrauded investors out of billions of dollars. The guilty plea is a significant development in the case against OneCoin, which has been described as one of the largest frauds in the history of cryptocurrency.
Bitcoin’s Potential Cycle High of $110,000
According to a popular cryptocurrency trader and analyst, Bitcoin’s next cycle high could reach $110,000. The analyst suggests that Bitcoin’s price could follow a similar trajectory to previous bull runs, reaching new all-time highs in the next cycle. This projection aligns with the view held by many Bitcoin enthusiasts that the cryptocurrency has significant long-term growth potential.
Other Noteworthy News
The article also covers several other noteworthy news items related to Bitcoin:
– A prominent crypto analyst suggests that Bitcoin may experience a temporary price correction before continuing its upward trend.
– The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is considering acquiring eBay, which has the potential to further mainstream cryptocurrency adoption.
– Venezuelan President Nicolas Maduro has announced plans to airdrop half a Petro (Venezuela’s national cryptocurrency) to all young people in the country.
– A district court in Tokyo has ruled that cryptocurrency exchange Coincheck must compensate its users affected by the 2018 hack. The ruling sets a precedent for the protection of cryptocurrency investors in Japan.
Summary
In this edition of Hodler’s Digest, the Chicago Mercantile Exchange (CME) surpasses Binance in BTC futures open interest, indicating growing institutional interest in Bitcoin futures trading. Additionally, a legal officer for the OneCoin scam has pleaded guilty, bringing the case against the fraudulent cryptocurrency scheme closer to its conclusion. Furthermore, the potential cycle high for Bitcoin is projected to be $110,000, based on analysis by a cryptocurrency trader and analyst. Other notable news includes a potential acquisition of eBay by the Intercontinental Exchange (ICE) and various developments in the cryptocurrency space, such as airdrops in Venezuela and a court ruling in Japan regarding a hacked cryptocurrency exchange.