Elon Musk’s X Ventures Expands into Financial Services and PacWest Emergency Rescue
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.
Bitcoin
Grayscale advocates for simultaneous approval of all Bitcoin ETFs by SEC
Grayscale’s ETF was previously knocked back by the Securities and Exchange Commission and it wants it and competing ETFs approved together so none have an advantage.
Bitcoin Price Declines, Yet Data Suggests $30K and Above as Easier Route
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound.
Deribit’s Bitcoin Volatility Index Reaches All-Time Lows, Suggesting Sideways Movement
The Bitcoin Implied Volatility Index has fallen to its lowest levels since the crypto options exchange launched the tracker in early 2021.