💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
A New Product is Coming for Bitcoin in the US: Here is the Date! - Coin Bulletin
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Chicago Options Exchange's cryptocurrency division Cboe Digital plans to launch a new Bitcoin (BTC) futures product by the end of this month, pending regulatory approval.
Cboe, in partnership with FTSE Russell, will offer this new futures instrument, which will be cash-collateralized and will trade based on the XBTF Index, representing 1/10th of the value of the FTSE Bitcoin Index. The product will settle on the last business day of each month. Cboe announced that, subject to regulatory approval, the futures will begin trading on April 28.
Catherine Clay, the global head of derivatives at Cboe, stated, "This launch comes at a critical time when demand for cryptocurrencies is increasing and market participants are seeking more efficient and flexible tools to meet this demand".
Cboe became the first regulated exchange to offer Bitcoin and Ether (ETH) futures on a single platform, receiving approval from US regulators in November 2023.