Market Ranger

2022-06-14 10:56:52 ​​Goldman Sachs Begins Trading Ethereum-Linked Derivative Product.

Bloomberg reported on Monday that Goldman Sachs has begun trading a sort of derivative linked to Ethereum.

Goldman has started a derivatives product related to the price of ether, against a chaotic backdrop – the prospect of an ETH-linked derivative product was first suggested by the firm in June 2021.

This was Goldman’s first over-the-counter (OTC) non-deliverable forward (NDF) crypto trade on ether, according to a statement released on Monday, with Marex serving as the counterparty. The trade was organized by Marex Solutions, Marex’s hedging and investment solutions division.

A non-deliverable forward (NDF) is a derivative contract that allows the holder to gain exposure to an asset without actually owning it. This pays out in cash at the time of settlement, dependent on the price of ether.

Goldman’s action demonstrates institutional interest in cryptocurrencies at a time when the market is still reeling from the collapse of stablecoin TerraUSD (UST) and a bleak macroeconomic outlook.

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2022-06-13 14:54:22 LONG Crypto
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2022-06-13 09:00:26 Bitcoin Tumbles to 18-Month Low as US Inflation Impact Spreads.

• Ether, other altcoins also suffer amid broad selloff
• Crypto remains ‘at the mercy of the Fed,’ Nexo’s Trenchev says

Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday’s shock US inflation data continued to reverberate through global risk assets.

The world’s largest digital token tumbled as much as 8.9% to $24,903.49 -- its lowest since December 2020. Other cryptocurrencies also declined as a broader sell-off continued. The MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 9.7%.

Other coins were also having a difficult time, with Ether off as much as 12% to its lowest level since February 2021. Avalanche dropped as much as 15%, Solana up to 14% and Dogecoin as much as 11%.

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2022-06-13 03:15:06 LONG Crypto
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2022-06-12 14:05:08 #CryptoRangerStrategy

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2022-06-11 16:15:21 LONG Crypto
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2022-06-11 14:05:09 #CryptoRangerStrategy

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