About 85,000 bitcoin options contracts, worth around $2.3 billion, are set to expire on major cryptocurrency futures and options exchange Deribit this Friday.
According to Deribit data, around 700,000 Ethereum options, valued at over $1.2 billion, are also set to expire on May 26. 
“This Friday a total value of USD 3.6 billion will expire, which equals approximately 26% of Deribit’s open interest,” the platform said in a recent tweet. …
Read More: About 85,000 Bitcoin Options Contracts Set to Expire This Friday

U.S. presidential candidate Ron DeSantis promised to protect bitcoin when announcing his bid for presidency this week. 
DeSantis announced his run for president during a Twitter space on Wednesday, hosted in part by billionaire Elon Musk. 
“As president, we will protect the ability to do things like bitcoin,” DeSantis said. “I think these are people that are sophisticated, they can make decisions. There are risks involved with it, but let them do that.”…
Read More: Florida Gov. Ron DeSantis Runs for President, Promises To Protect Bitcoin

The minutes from this month’s FOMC meeting of US Federal Reserve policymakers were just released, revealing the bank to be divided on the need for further interest rate hikes.
Cryptocurrency, forex, US equity and US bond markets didn’t see much of a reaction to the minutes, the tone of which were broadly as expected….
Read More: FOMC Minutes Signal Central Bank Divided on Need for More Tightening – Here is How Crypto Reacted

The price of Bitcoin (BTC) generally moves in the opposite direction of what traders anticipate, crypto sentiment analysis firm Santiment has found.
Writing on Twitter earlier this week, Santiment said that the fact that Bitcoin’s price moves contrary to what “the crowd” expects is something that has been seen many times, and most recently this past weekend….
Read More: Santiment Measures Social Media Text Volumes of Bitcoin – Here’s What They Find

A bitcoin-spot exchange traded fund may not be in the cards for investors any time soon, VanEck CEO Jan van Eck alluded to last week. 
During the Bitcoin 2023 conference in Miami last week, Van Eck was asked what the likelihood of a spot bitcoin ETF in the US. 
His response was “no chance.”
Firms have been vying for a spot bitcoin ETF for years to no avail. …
Read More: VanEck CEO Says “No Chance” on the Future of a Spot Bitcoin ETF in the US

Roughly a month after he announced his willingness to run in next year’s U.S. presidential election, Democratic presidential candidate Robert F. Kennedy Jr. has declared he will defend Bitcoin (BTC) against what he describes as “invasive surveillance”. …
Read More: Robert F. Kennedy Jr. vows to defend Bitcoin against ‘invasive surveillance’

Wall Street investment bank Morgan Stanley thinks the Bitcoin top could be in as investors are diversifying into newer cryptocurrencies on decentralized exchanges like Uniswap, particularly speculative meme coins.
Heading into June 2023, the Bitcoin price has risen approximately 100% from its November 2022 lows of just under $15,500.
The bearish price forecast appeared as an update this week on a Forbes article titled ‘The Game May Be Over’, referring to Bitcoin and Ethereum….
Read More: New Uniswap Coins a Good Buy If Bitcoin Price Top In – Wall St Prediction as Traders Hunt Next Dogecoin, Shiba Inu or Pepe

Democratic presidential candidate Robert F. Kennedy Jr. made campaign promises on Friday advocating for bitcoin users, adding that he plans to accept campaign donations in bitcoin.
“As president, I will make sure that your right to hold and use bitcoin is inviolable,” Kennedy said at the Bitcoin 2023 Conference in Miami.
Kennedy, who is the nephew of former President John F. Kennedy and the son of Robert F. Kennedy, announced his run for US president last month. …
Read More: Democratic Presidential Candidate Kennedy Lays Out Campaign Promises for Bitcoin

US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners. 
“That isn’t going to happen,” the Wyoming Republican and crypto enthusiast, said on Friday at Bitcoin 2023 Conference in Miami. 
There are environmental benefits including “not venting gases into the atmosphere as well as stabilizing grids,” Lummis said. …
Read More: President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says

Ripple launched a platform on Thursday that would help central banks, governments and financial institutions around the world issue their own central bank digital currency.
The Ripple CBDC Platform would offer customers ledger technology and enable issuers to manage CBDCs from start to finish, according to a press release. 
The platform would encompass both wholesale and retail CBDCs — respectively CBDCs used in interbank settlements or CBDCs used by everyday people….
Read More: Ripple Launches Platform To Help Governments Issue CBDCs