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The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
A lot of put options are in-the-money, crypto options exchange Deribit's Lin Chen said.
Don't ready too much into the move, said one observer, calling it a typical position reset.
The latest price moves in crypto markets in context for August 24, 2023.
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.
- 03:04RootData: CYBER will unlock tokens worth approximately 1.1778 million US dollars in a weekChainCatcher News, according to the token unlocking data from Web3 asset data platform RootData, Cyber (CYBER) will unlock approximately 736,100 tokens at 0:00 on February 15 Singapore time, valued at approximately $1.1778 million.
- 03:02Solayer has opened airdrop eligibility inquiryOdaily Planet Daily reports that the Solayer Foundation officially announced on X, the airdrop eligibility inquiry is now open. In previous news, Solayer announced LAYER token economics: a total of 1 billion tokens, with 12% used for Genesis Drop.
- 03:00Rapper Kanye West: Someone proposed to give me 2 million dollars to launch the RUG disk Meme coin, but I have rejected their requestPANews reported on February 8th, according to The Block, that American rapper Kanye West expressed on social media his desire to discuss "cryptocurrency-related matters" with Coinbase CEO Brian Armstrong. Prior to this, he revealed that he had received a proposal of $2 million asking him to issue tokens, but he rejected the proposal and stopped cooperating with the proposer. According to chat screenshots released by Kanye, the collaboration required Kanye to promote a RUG plate Meme coin. He would be prepaid $750k and could announce his account was hacked 8 hours after posting. After another 16 hours, an additional payment of $1.25 million would be made. The mastermind behind this claimed that the collaboration could profit tens of millions of dollars.