On May 29, Bitcoin options worth $6.2 billion and Ethereum options worth $1.28 billion expired while both cryptocurrencies traded below critical price levels—Bitcoin below $75,000 and Ethereum near $2,000. The expiry reflected a bearish unwinding, with many long positions retreating as bulls failed to push prices back to key resistance zones. Put-call ratios for both assets stayed below 1, indicating no extreme bearish sentiment, but the market remains cautious with large positions removed and no strong buying demand restored. Traders now focus on June contracts and whether Bitcoin can reclaim $75,000 and Ethereum can rise above $2,100 to ease pressure and improve short-term sentiment.
FTI Consulting appointed Jerome Nyssen as Senior Managing Director in its Risk Advisory practice in Australia to enhance AI-driven risk, compliance, and governance services. Nyssen brings 25 years of experience across financial services and technolog...
General Fusion has made significant progress with its LM26 Magnetized Target Fusion machine, achieving plasma electron temperatures of about 8.4 million degrees Celsius (0.72 keV), nearing its 1 keV target. This milestone demonstrates effective plasm...
AI/R, a technology company specializing in Agentic AI, has deepened its partnership with Databricks, achieving Gold partner status and expanding its certifications from 11 to over 100. This growth enables AI/R to deliver advanced AI and data solution...
New long-term data from the ADjoin trial shows that lebrikizumab, an injectable treatment for moderate to severe atopic dermatitis, maintains skin clearance and reduces itching for up to 2 years even with monthly dosing instead of biweekly. About 76%...
Greystone, a national commercial real estate finance company, has appointed Joshua Rosen as Senior Managing Director to focus on originating loans for seniors housing and healthcare sectors. Based in Chicago, Rosen brings extensive experience from Wa...
