Wed, Jan 8, 2025 4:52 PM
Banca Ifis Bids for Illimity Amid Italian Consolidation Wave
A Flip by Shubhangi Gupta
Nasdaq Seeks Tenfold Increase in IBIT Options Limits Nasdaq ISE filed a proposal with the Securities and Exchange Commission this week to increase the position and exercise limits for options on the iShares Bitcoin Trust (IBIT) to 250,000 contracts from 25,000. The proposal aims to expand trading capacity for the largest spot bitcoin ETF’s options market at a crucial time.
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Enforcement Director Ian McGinley is leaving the Commodity Futures Trading Commission in a week, ending a relatively short tenure that saw some high-profile crypto cases. He arrived at the agency in February 2023, a month before the CFTC sued Binance and then-CEO Changpeng Zhao for violating U.S. commodities laws.
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Usual Protocol, an up-and-coming DeFi protocol that has seen a remarkable rise over the past months, faced community backlash on Friday after a tweak in the protocol's yield-generating token triggered a sell-off on secondary markets. Amid the turmoil, the protocol's USD0++ token fell briefly below 90 cents from $1 on decentralized marketplace Curve.
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