Bitcoin Surges Past $94,000 to Hit New All-Time High

Good afternoon, here’s your weekly recap from Rain:

Highlights

• BlackRock's Spot Bitcoin ETF Sparks $1.9B in First-Day Options Trading | Read more
• Trump Nominates Bitcoin Advocate Howard Lutnick as Commerce Secretary | Read more
• Coinbase CEO Meets Trump Amid Crypto-Friendly Cabinet Picks | Read more
• MicroStrategy Acquires 51,780 Bitcoin for $4.6 Billion | Read more
• MARA Holdings Announces $700M Convertible Notes Offering to Fund Bitcoin Acquisitions | Read more
• Global Crypto Funds Hit Record $33.5B YTD Inflows Amid Bitcoin Surge to $93K | Read more
• Trump’s Truth Social in Advanced Talks to Acquire Crypto Platform Bakkt | Read more
• Dogecoin Investors Drop Lawsuit Against Elon Musk | Read more

Product Updates

Trade #crypto on Rain Pro with our globally competitive fees.

✅  Maker fees: 0%

✅  Taker fees: 0.05%

Spotlight topic: Bitcoin Reaches New Highs as Options Trading Launches for Spot BTC ETF

BlackRock's iShares Bitcoin Trust (IBIT) became the first spot Bitcoin ETF approved for options trading, generating nearly $1.9 billion in notional exposure on its first day, with 354,000 contracts traded. The majority were call options, reflecting bullish sentiment and contributing to Bitcoin's new all-time high. This launch outpaced similar milestones, such as BITO’s $363 million on its first day, signaling growing market demand and interest in Bitcoin-linked financial instruments.

Read of the Week:

Spot Bitcoin ETF options trading goes live: What traders need to know | Read more

RAIN NEWS 

Rain Introduces Instant Funding and Withdrawal Services for Virtual Assets in UAE

Rain, catering to both individual and institutional clients, now offers instant funding and withdrawal services for virtual assets in the UAE. Partnered with a local bank, Rain ensures seamless financial transactions for its users. As a fully licensed and regulated entity, it provides a secure and efficient platform for digital asset management. Interested parties can sign up at rain.com/en-ae/signup to access these innovative services. Check out all the benefits of Rain in the UAE.

WHY TRADE WITH Rain?