Pro Bitcoin traders might use bullish options strategies to build pressure on short sellers. Key takeaways: 97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price. Short covering above $105,000 could trigger a Bitcoin price rally to new highs. Read more
Michelle Bond, facing campaign finance charges, is one of the last significant figures tied to cryptocurrency exchange FTX, through her husband, to be awaiting trial. Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who faces federal campaign finance charges, is pushing for dismissal on the grounds that US prosecutors deceived her husband in a plea deal. In a May 7 filing in the US District Court for the Southern District of New York, Bond’s lawyers reiterated some of the claims Salame made in opposing his plea deal with the government, which ultimately still led to him serving time in prison. She claimed that prosecutors obtained a deal with Salame through “stealth and deception” by allegedly agreeing they would not file charges against Bond. “Mr. Salame and Ms. Bond’s attorneys were advised that the agreement to cease investigating Ms. Bond could not be placed within the four corners of the Salame plea or other written agreement, but the government still offered it as an inducement...
Posts on multiple social media platforms from Indian users on Wednesday shared a video claiming to show India attacking Pakistan amid the recent escalation between the two countries. However, the footage dates back to October 2024 and shows Iranian airstrikes on Israel’s Nevatim airbase. On Wednesday, Pakistan mourned the loss of 31 lives in overnight attacks by Indian forces on civilians, describing New Delhi’s actions as “terrorism” and accusing it of continuous ceasefire violations on the Line of Control (LoC). The Pakistan military termed the downing of five Indian fighter jets as a major victory — and it was seemingly acknowledged when Indian officials admitted that at least three of their aircraft had “crashed” within their territory. As both countries continued to trade heavy artillery fire, authorities revealed the extent of the damage caused by Indian strikes at six locations — Ahmedpur East, Muridke, Sialkot and Shakkargarh in Punjab and Muzaffarabad and Kotli in Azad Kashmir. Since the breakdown in...