Research Firm Favors Bitcoin ‘Covered Strangle’ Strategy to Enhance Portfolio Yield by 17%

Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said in a note.Source

Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan

Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace XclaimSource

Steven Cohen’s Point72 Also an Owner of Bitcoin Via Spot ETFs

Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as of the close of the first quarter, according to a filing.Source

Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?

Source

Solana’s SOL Could Hit $200 By Month End, Hedge Fund Founder Says

The fifth-largest cryptocurrency is benefitting from multiple catalysts, including bustling meme coin and DeFi activity, upcoming network upgrade and increasing interest in restaking arriving to the ecosystem.Source

Protocol Village: Oobit Collaboration With TON Lets Users Spend Tether Sent Over Telegram

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 16-22.Source

Miners Eye Middle East as Next Region for Growth

The halving and a possible U.S. mining tax have miners considering new locations for basing their cost-sensitive operations.Source

Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains

The CoinDesk 20 Index is higher by more than 4% over the past 24 hours as crypto’s big rally this week continues.Source

NEAR Token’s 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update

All but two cryptos in the index moved higher over the past week, with Cosmos and Aptos missing out on the rally.Source

ZkSync, Ethereum Layer-2 Network, Hints at Airdrop By End of June

Zero-knowledge (ZK) rollup zkSync has suggested that a governance token airdrop will take place at the end of June.Source