BTCUSDT PNC, the eighth largest bank in the United States with $325 billion in assets under management, announced that it has Bitcoin exposure. According to its 13F filing submitted to the U.S. SEC, the Bitcoin exposure held is worth $67 million, and the funds are mainly invested in the Bitwise Bitcoin ETF.
BTCUSDT FTX has sent emails to creditors with less than $50,000 to inform them of the initial allocation of funds. FTX has transferred the first batch of funds to these allocation service providers. However, creditors with less than $50,000 still have about $345 million in claims that have not completed KYC certification.
BTCUSDT For the first time, the Hong Kong government recognizes Bitcoin and Ethereum as proof of assets for investment immigration applications. So far, two cases have been approved, one for Bitcoin and the other for Ethereum holders. Customers with crypto assets worth HKD 30 million must be placed in cold wallets or mainstream exchanges such as Binance.
SPYSPX One-hour candle is engulfing the buyers; if it doesn't close above 601.60, we can expect more selling in the next hour. I am bullish on this zone because there was previously a liquidity sweep here, and many buy orders could be pending, which might cause the SPY to reverse back to VWAP and then move near 605. Going against trends is always risky, but I like to take risks whenever the price enters my buying range. Thoughts?
SPYSPX The first trade was successful. I bought 605 calls at $0.29 average between 9:05 and 9:15 PST and sold it for $0.46 at 10:16 PST. Now, I bought call options again at $0.18 per contract, with the expectation that SPY will break today's high. VWAP is key level today, and I will close my positions if SPY doesn't break the VWAP. Up 27% so far.