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Market maker giant Citadel Securities is building a “cryptocurrency trading ecosystem” with the help of high-frequency trading and market-making firm Virtu Financial, as well as venture capital firms Sequoia Capital and Paradigm, according to people familiar with the matter. Citadel Securities is the sister company of hedge fund giant Citadel. The initial consortium of Citadel Securities will be joined by more wealth managers, market makers and other industry leaders that are expected to join the marketplace ahead of launch, the source added.
According to The Block, Bitcoin miner Iris Energy released a report that it mined 151 coins in May, a 10% increase from the previous month. Bitcoin is down 2.97% over the last 24 hours and fell to an intraday low of $29,218.96. Over the last month, the market traded between $29,000 and $32,000, suggesting neither bulls nor bears have accumulated enough momentum. If buyers drive the price above the $32,000, the BTC/USDT pair could rally to $34,000. Conversely, if the price drops below $29,000, the BTC/USDT pair could find support around $27,000.
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