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Bitcoin News Roundup for Feb. 10, 2020
With bitcoin's move up to $10,000 taking a well earned breather, Markets Daily is back with our bitcoin roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Feb 10, 2020, 5:37 p.m.
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STORY CONTINUES BELOW
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Today's news:
Bitcoin Breaks Above $10,000 in Spot Market
Ukraine Won't Regulate Crypto Mining, Government Ministry Says
New Crypto Exchange Altsbit Says It Will Close Following Hack
Chinese Crypto Investment Firm Asked to Remove London Underground Ads
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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