The growing surge in open interest for Bitcoin futures on the CME Group coincides with the cryptocurrency's bullish rally, which set a new all-time high on March 12. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin hits new all-time highs
📍Open interest in CME Bitcoin futures contracts has hit a new all-time high. According to options market data, open interest in Bitcoin futures contracts has surpassed $11.000 billion, surpassing its previous all-time high of $10.000 billion seen on March 12.
Bitcoin analyst Tuur Demeester said X said in his account that these peak volumes in BTC futures open interest are a clear sign that Wall Street has been investing heavily in the cryptocurrency. As experts have pointed out, the increasing flow of capital into CME cryptocurrency futures contracts is indicative of the increased interest that investors and traders have in crypto assets.
An investment firm wants to invest in BTC through ETFs
📍Patient Capital Management has filed to include Bitcoin ETFs in its Opportunity Trust fund. The investment advisory firm has submitted an application to the SEC seeking approval to invest 15% of the assets of its $1.400 billion Opportunity Trust fund into Bitcoin via spot ETFs.
The application was sent to the securities regulator on March 11. In it, the firm specific that all reference to the Grayscale Bitcoin Trust, the fund provided by Grayscale Investments, throughout its prospectus has been replaced with reference to Bitcoin ETFs.
Thailand and the UK approve investment in Bitcoin ETFs
📍Thailand's Securities and Exchange Commission (SEC) and the UK's Financial Conduct Authority (FCA) will allow investment in cryptocurrency financial products. Amid the boom in Bitcoin and cryptocurrencies, regulators are opening up new opportunities for investors with a strong appetite for exposure to crypto assets and their potential for appreciation.
According to local media, Thailand's SEC is authorizing investment asset managers to include Bitcoin exchange-traded funds in their investment portfolios through private funds investing in these ETFs, in order to meet the growing demand from investors who want exposure to cryptocurrencies.
Although the Thai SEC has not authorized direct exposure to Bitcoin ETFs, Pornanong Budsaratragoon, the agency’s secretary-general, stressed that they will carefully assess the risks of this possibility; a move that is quite favorable, considering that just a few months ago this agency declared that it would not allow investment in cryptocurrency ETFs. At the moment, in Thailand, only institutional and high-net-worth investors can invest in BTC through private funds that invest in Bitcoin ETFs.
On the other hand, from the United Kingdom, the FCA said which will authorise Recognised Investment Exchanges (RIEs) to “create a UK-listed market segment for crypto-asset-backed Exchange Traded Notes (cETNs). According to the authority, these cryptocurrency-based financial products will be available only to professional investors.
The Great Gatsby is inscribed in Bitcoin
📍The novel “The Great Gatsby”, written by Francis Scott Fitzgerald in 1925, has been recorded on the Bitcoin blockchain. Considered the best American novel of the 20th century, “The Great Gatsby” It has now been immortalized on the Bitcoin blockchain, being recorded on the blockchain as an ordinal, at block height 834.317.
COPA to seek criminal charges against Craig Wright
📍The Crypto Open Patent Alliance (COPA) is preparing to seek injunctive relief and criminal charges against Craig Wright, the self-proclaimed Satoshi Nakamoto. In the trial taking place in the United Kingdom to determine whether Craig Wright is really who he claims to be, many inconsistencies were revealed in the alleged evidence that the businessman has and on which he intends to base his claims of being the creator of Bitcoin. Because of this, the lawyers of the COPA alliance are preparing to conclude the case and prove, once and for all, that Wright is not the real Satoshi Nakamoto.
As an reported During interrogations, Wright struggled to sustain his different versions of how he supposedly created Bitcoin, and to date has been unable to produce any real evidence to back up any of his claims about being Satoshi.
During the trial, one of Wright's lawyers even admitted that one of the pieces of evidence presented by the businessman was manipulated. Furthermore, Wright was unable to answer several questions related to basic computer science and programming concepts, which were fundamental to the creation and development of Bitcoin. For COPA's lawyers, all this leaves no doubt that the businessman is not the real Satoshi and that he has had bad intentions in wanting to claim the intellectual property of Bitcoin and intimidate the cryptocurrency's developers.
COPA sued Wright to refute his claims of being the creator of Bitcoin and to prove that he has committed fraud by falsifying evidence on a massive scale in his quest to prove his claims.
In the recent trial, the organization, of which MicroStrategy is a part, he presented conclusive evidence showing that Wright has falsified most of the documents presented as evidence in court. For this reason, according to the allegations The lawsuit, which COPA's lawyers are preparing, will seek injunctions against Wright to prevent the businessman from continuing to claim to be Satoshi and from filing new lawsuits against Bitcoin developers in the future. The judge will also be asked to file criminal charges against Wright for "the crimes of perjury and perverting the course of justice."
Continue reading: Experts reduce the chances of approval for Ethereum ETF
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