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According to data from The Block, the monthly trading volume of CME options on ether futures reached an all-time high in May.Ether implied volatility has experienced a notable surge alongside spot ether ETF news.
According to a Glassnode report, selling pressure from long-term bitcoin holders has cooled significantly — and such investors are returning to accumulation patterns.Analysts also noted that bitcoin’s price action over the past three months has been more muted than previous bull cycles.
U.S. spot bitcoin ETFs recorded $45 million worth of net inflows on Tuesday, marking their 11th consecutive day of inflows.BlackRock’s IBIT became the largest spot bitcoin fund in terms of net asset value, overtaking Grayscale’s GBTC.
- 22:21BlackRock bought $1bn worth of bitcoin last weekBlackRock bought $1 billion worth of bitcoin last week, according to monitoring data.
- 22:20U.S. Treasury cuts fourth-quarter financing forecastThe U.S. Treasury said on Monday it plans to borrow $546 billion in the fourth quarter of this year, $19 billion below its July estimate. The cash balance is expected to be $700 billion at the end of December, the Treasury said in a statement. The cash balance at the end of March 2025 is expected to be $850 billion, and $823 billion will be borrowed in the first quarter of 2025. The Treasury issued $762 billion in net debt in the third quarter and had a cash balance of $866 billion as of the third quarter.
- 22:20Bloomberg boss has spent nearly $100m backing HarrisMichael Bloomberg, the former New York mayor and Bloomberg boss, recently donated $50 million to a non-profit organisation supporting US Democratic presidential candidate Harris, the New York Times reported, citing several people familiar with the matter. Bloomberg's latest donation went to the nonprofit Future Forward USA Action, the people familiar with the matter said.Prior to this anonymous donation, he had given $47 million in public political contributions to the Democratic Party, second only to George Soros among all big Democratic moneymakers. Bloomberg had put $95 million into helping Democrats in the 2018 midterm elections. Bloomberg, 82, is worth as much as Bill Gates at about $105 billion, according to Forbes.
