MARKETS DAILY: Crypto Update | Crypto Traders Short Volatility; PayPal Announces U.S. Dollar Pegged Stablecoin

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 7 August 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Traders are choosing to short bitcoin volatility as crypto markets sleepily await news on the spot bitcoin ETF applications. Today's episode is sponsored by Kraken Pro. Today's Stories: PayPal to Issue Dollar Pegged Crypto Stablecoin: Bloomberg Worldcoin's Nairobi Warehouse Raided by Kenyan Police: Local Reports Curve Recoups 73% of Hacked Funds, Bolstering CRV Sentiment Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch Crypto Options Traders Are Still Shorting Bitcoin Volatility - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.7	This episode of Markets Daily is sponsored by Cracken.
0:58.0	Hey. This episode of Markets Daily is sponsored by Cracken. It's Monday, August 7th, 2020, and this is Markets Daily from CoinDesk.
1:03.0	George Kulutis here again with your Daily News Roundup.
1:06.1	On today's show, we're talking Bitcoin, the latest headlines, and more.
1:10.4	And just a reminder, CoinDisc is a news
1:12.0	source and does not provide financial advice. Bitcoin and ether are still rock solid. Both have
1:26.1	proved remarkably non-volatile in otherwise volatile times.
1:30.6	They're basically stable coins. Bitcoin hasn't risen more than 4% in a single day since June 21st.
1:37.5	The lack of volatility has of course sparked market chatter about an impending volatility explosion
1:43.6	in Bitcoin. But to that, traders,
1:46.5	analysts, and market participants remain unconvinced that volatility to the upside will come
1:51.7	from anything except the approval of the spot Bitcoin ETF. And so, yet again, we turn our
	...

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