Aug 24, 2023

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin and ether remain below levels that are likely to inflict "maximum pain" on buyers of August expiry option contracts.

Video transcript

X looks to Mike Novara's firm and Donald Trump's NFTS surge. You're watching Coin Desk daily. I'm your host, Jenna. Let's take a look at the markets. The coin desk, Bitcoin Price XX index is currently at $26,000 and the coin desk ether price etx index is at 1600. The prices remain well below levels that are likely to inflict maximum pain on buyers of August expiry options contracts on Friday debit will settle 72,000 Bitcoin August options contracts worth $1.9 billion and 535 ether options contracts valued at $893 million. Bankrupt crypto exchange. FX wants to start selling staking and hedging its crypto holdings FX which collapsed in November last year. Wants to return funds to creditors in fiat currency rather than crypto but hopes to avoid denting the value of over $3 billion in crypto holdings and is seeking to hire Galaxy asset management as an advisor to help. According to court filings made late Wednesday evening, Sam Bank Fried's lawyers have been given the green light for unlimited prison visits. An order issued Wednesday says that they can take unlimited advantage of the legal visitation hours and quote the FX founder and his team are preparing for his criminal trial scheduled to begin on October 3rd. His bond release was revoked two weeks ago after the judge ruled that SPF repeatedly violated his bail conditions and prices and volumes of Donald Trump's NFT collections surged. Thursday. The jump happened after an interview with Tucker Carlson on X, formerly known as Twitter went viral. That interview dropped ahead of the first Republican debate which Trump did not attend. Trump released a collection of 45,000 fantasy cards last December for $99 each. The collection has over 13,000 unique holders as of Thursday. That's a wrap for Coindesk daily. You can get more updates on coindesk dot com and we'll see you next time.

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