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  • Monad (MON) soars 76% as mainnet launch sparks $1.2B trading surge

    Monad (MON) soars 76% as mainnet launch sparks $1.2B trading surge

    Monad price rose to above $0,045 to see MON ranked among top gainers with a 76% spike amid $1.2 billion volume

    • Monad pumped more than 76% in 24 hours to touch a high of $0.045.
    • The layer-1 blockchain’s mainnet went live this week and has an ambitious roadmap for DeFi.
    • MON is listed on top exchanges, including Coinbase and Upbit.

    Monad price has skyrocketed 76% in the past 24 hours, extending gains after the highly anticipated mainnet launch that occurred on November 24, 2025.

    The MON token’s gains saw the cryptocurrency rank among top gainers in the market, with its trading volume having exploded to $1.2 billion to reflect speculative enthusiasm.

    The Layer-1 blockchain platform’s launch brings momentum, such as lending protocols, yield products, and liquid staking products. The memecoin frenzy is another segment to watch.

    Monad pumps 76% amid $1.2 billion volume

    Monad flipped the switch on its public mainnet on Monday, unlocking a cascade of decentralized applications and liquidity pools.

    The token rose sharply, with intraday lows of $0.025 and highs of $0.045. MON price has jumped more than 106% since touching lows of $0.020.

    Per data on CoinMarketCap, a more than 600% spike in daily volume pushed the metric to over $1.2 billion.

    This sees the token rank as one of the biggest movers in terms of market activity on the day. In fact, the pump has seen Monad price outpace many top coins, including Kaspa, Sui, and Ethena.

    Why is Monad price up?

    As noted, what is likely fueling the momentum is Monad’s mainnet launch and DeFi potential.

    In a post on X, the L1 outlined what it sees as a roadmap towards seamless integrations for DeFi growth.

    Lending protocols like Curvance and TownSquare enable users to leverage MON, liquid staking tokens (LSTs), and stablecoins with high loan-to-value ratios and automated looping strategies.

    Yield products such as the MON Vault and the earnAUSD Vault from Upshift offer composable, hands-off returns on stablecoins.

    Meanwhile, liquid staking options further amplify utility, allowing stakers to earn rewards while deploying LSTs in DeFi.

    Monad is also up amid major exchange listings. Market observers attribute the volume spike to this, with speculative fervor and early ecosystem incentives key.

    Among the top centralized exchanges to list MON are Coinbase, Upbit, Bithumb, Kraken, KuCoin, and Bybit.

    MON price forecast

    Despite the potential for profit-taking, there’s a possibility for the token to climb further.

    As well as listings, other bullish catalysts will include ecosystem grants and partnerships. If Monad mirrors growth for projects such as Solana, Hyperliquid, and others, the token’s growth trajectory will tell in immediate gains.

    However, bearish risks are there. It includes the aforementioned profit-taking and regulatory scrutiny.

    If bulls take charge, a breakout above $0.1 could bring the coveted $1 into play. On the flipside, a retreat to lows of $0.25 will embolden sellers.

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  • Deutsche Digital Assets and Safello launch staked Bittensor ETP

    Deutsche Digital Assets and Safello launch staked Bittensor ETP

    Bittensor TAO Token

    • Deutsche Digital Assets has teamed up with Safello to list a new Bittensor exchange traded product.
    • The Safello Bittensor Staked TAO ETP offers regulated exposure to Bittensor’s TAO token with staking rewards.
    • Safello’s crypto ETP goes live on SIX Swiss Exchange, one of Europe’s top crypto ETP venues.

    German crypto and digital asset manager Deutsche Digital Assets (DDA) and Nordic cryptocurrency exchange Safello have announced the launch of the Safello Bittensor Staked TAO ETP.

    The launch comes as the crypto industry welcomes a growing number of digital asset-related products across the market, including the Bitcoin ETP by BlackRock. 

    Meanwhile, Bittensor continues to attract attention as a top decentralized artificial intelligence (AI) project.

    Developments around AI, including from Big Tech giants Nvidia, Microsoft and Meta, have often pushed TAO and other AI tokens into the limelight.

    Staked Bittensor ETP lists on SIX Swiss exchange

    Frankfurt-based DDA, a pioneer in crypto exchange-traded products since 2017, announced the new product on October 29, 2025.

    The ETP is a collaboration with Safello and brings a physically backed Bittensor ETP to the expanding market.

    The product tracks the Kaiko Safello Staked Bittensor Index (KSSTAO) and is domiciled in Liechtenstein.

    Trading under ticker STAO (ISIN: DE000A4APQY4) on SIX is slated to commence to enhance seamless buying and selling during standard market hours.

    Moreover, the ETP is fully secured in cold storage by regulated custodian BitGo Europe GmbH and holds 100% physical TAO reserves.

    What it means for investors

    Investors are to benefit from total returns encompassing TAO’s price appreciation plus staking yields, automatically reinvested into the net asset value (NAV).

    With a competitive total expense ratio (TER) of 1.49%, it provides an accumulating income structure, ideal for portfolio diversification amid rising interest in AI-driven blockchain assets.

    Maximilian Lautenschläger, CEO and founder of DDA, emphasized the strategic fit:

    “We are excited to announce the launch of Safello Bittensor Staked TAO ETP through our collaboration with Safello. By leveraging DDA’s white-label ETP platform, we enable our partner to bring their innovative crypto investment strategies to market, while ensuring compliance with regulatory standards.”

    Unlocking decentralized AI

    Bittensor (TAO) is currently trading at $425 and powers a groundbreaking peer-to-peer network, incentivizing collaborative machine learning.

    Participants contribute data, models, and compute power for tasks like image recognition, fraud detection, and protein structure prediction, earning TAO rewards in a proof-of-stake ecosystem.

    With a market cap exceeding $4.3 billion, Bittensor exemplifies the fusion of blockchain and AI, positioning it as a high-growth asset in the evolving digital economy.

    Safello CEO Emelie Moritz commented,

    “The launch of Safello Bittensor Staked TAO ETP underlines Safello’s conviction in decentralised AI. Bittensor is a prime example of how decentralized technology and AI are converging to reshape the future of value creation. Together with DDA, we’re making it possible for investors to easily access this innovation through a regulated and transparent investment vehicle.”

    Bittensor price reached highs of $457 on Oct. 29, but its all-time high is $767, which it hit back in April 2024.

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  • Aster token pumps more than 500% post-TGE launch

    Aster token pumps more than 500% post-TGE launch

    Aster

    • ASTER token soars 550% to $0.52 post-TGE.
    • Total value locked catapulted to $1 billion, doubling pre-launch figures.
    • Aster’s debut bolsters BNB Chain’s ecosystem, boosting the BNB price.

    The Aster ($ASTER) token’s debut saw it hit $0.58, rocketing by more than 500% within hours.

    Aster then slightly pared the gains as traders looked for profits post-TGE and airdrop distribution for the YZi Labs-backed protocol.

    Altcoins such as Lagrange, EigenLayer and BNB have outshone the broader market.

    Launching at an initial price of approximately $0.08, the token swiftly ascended to a peak of $0.52.

    It is a move that encompassed a staggering 550% gain in its first trading session and saw ASTER’s market capitalization rally past the $800 million threshold.

    On debut, Aster rose to rank among the top 150 cryptocurrencies by market cap.

    As the token’s price pumped, daily volume rose to over $420 million in the initial 24 hours, up 1800%.

    While the 500% climb validates Aster’s utility in perpetual trading, bulls have to be aware of a potential sharp pullback if price overextends into the overbought territory.

    Aster TVL jumps to $1 billion

    Aster’s total value locked has exceeded expectations, surging to over $1 billion within days of the TGE in a milestone that represents a more than twofold increase from pre-launch figures of around $400 million, attracting over 330,000 new wallets and solidifying Aster’s position as the second-largest perpetual DEX globally.

    The influx highlights the platform’s multi-chain prowess, spanning BNB Chain, Ethereum, Solana, and Arbitrum, where users leverage unique collateral options like liquid-staking as BNB and yield-bearing USDF stablecoins.

    Privacy-focused innovations, such as zk-proofs have drawn sophisticated traders seeking capital efficiency without custodial risks whereas Aster’s integration with PancakeSwap has boosted ecosystem liquidity, contributing to a 15% uptick in BNB’s price over the past week.

    Market observers note that this $1 billion TVL not only enhances on-chain stability but also positions Aster to capture a slice of the $16 billion Hyperliquid pie, potentially driving annual revenues toward $500 million through fee structures that reward $ASTER holders.

    A significant first step for $ASTER on BNB Chain

    For $ASTER, this TGE marks a transformative debut on BNB Chain, laying the groundwork for broader DeFi adoption.

    As a high-performance Layer-1 with privacy at its core, Aster Chain empowers seamless perpetuals and spot trading, democratizing access for both novice and pro users via intuitive Simple and Pro modes.

    The platform’s non-custodial ethos, coupled with governance via $ASTER enables fee discounts and protocol upgrades.

    Implementation of this feature aligns with the community-first principles that propelled BNB Chain’s growth to over $16 billion in TVL.

    This milestone extends beyond numbers as it validates BNB Chain’s edge in low-fee, high-throughput environments, especially as altcoin rotations favor derivatives amid Bitcoin’s stabilization above $117k.

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  • Somnia (SOMI) price soars post mainnet launch amid numerous partnerships

    Somnia (SOMI) price soars post mainnet launch amid numerous partnerships

    Mantle Price Bullish

    • Somnia is a SoftBank-backed Improbable’s Layer 1 blockchain network.
    • Somnia’s token price is rallying after 10 billion testnet transactions and the mainnet launch.
    • Somnia has partnered with ZNS Connect for .somnia domains and decentralised identity tools.

    Somnia (SOMI) token has seen a dramatic upswing in value, climbing more than 40% in the past 24 hours and marking a significant step for one of the newest entrants in the blockchain space.

    With strong trading volume and multiple partnerships fueling momentum, SoftBank-backed Improbable’s Layer 1 is emerging as a serious contender in the Web3 arena.

    Why is the price of Somnia cryptocurrency rising?

    Somnia (SOMI) is currently trading around $1.60, with a market cap of more than $260 million.

    At its peak, Somnia touched an all-time high of $1.84, only days after hitting an all-time low of $0.38.

    This sharp swing highlights the intense market activity surrounding the project, amplified by trading volumes that surpassed $898 million within 24 hours.

    Somnia’s surge can be traced back to the successful launch of its mainnet six days ago.

    The mainnet launch came after the network processed more than 10 billion testnet transactions, a figure that signalled both the robustness and scalability of its underlying technology.

    The mainnet launch generated strong market confidence, which quickly translated into a rally in SOMI’s value as investors rushed to secure early positions.

    Beyond the technical milestones, Somnia’s partnerships are also proving to be a strong catalyst for price growth.

    The network recently announced its collaboration with ZNS Connect to create decentralised identity solutions.

    Through this partnership, users can mint .somnia domains, deploy smart contracts, and interact directly on-chain.

    Notably, the integration of identity with utility has added a layer of uniqueness that makes the ecosystem more attractive to both developers and users.

    Another crucial boost came from Somnia’s partnership with TheResidncy, a platform that connects sports fans with their favourite athletes through interactive live events.

    In just six sessions, the collaboration attracted over 121,000 unique fans, peaking at 22,000 concurrent participants and recording 245,000 messages and reactions — all processed fully on-chain via Somnia.

    This not only demonstrated the network’s ability to scale under heavy demand but also introduced a compelling real-world use case that resonates with global audiences.

    Somnia price outlook

    With the token’s price climbing more than 300% from its lows and trading activity showing no signs of slowing, the short-term outlook appears bullish.

    The project has successfully combined market excitement with clear utility, which is often a critical factor in sustaining long-term growth.

    However, as with most emerging cryptocurrencies, volatility remains a key consideration.

    The price is just under its record high, and profit-taking could cause sharp swings in the days ahead.

    Nevertheless, the fundamentals — particularly the network’s capacity to handle large-scale activity and its focus on identity-driven Web3 experiences — provide a strong foundation for continued expansion.

    The back-to-back partnerships are also setting it apart in a crowded market.

    If the platform can maintain its momentum and deliver on its roadmap, the SOMI token may continue to attract investor interest well beyond its post-launch rally.

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  • Morpho price jumps 10% as RWA powerhouses launch Ascend

    Morpho price jumps 10% as RWA powerhouses launch Ascend

    Morpho

    • Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership.
    • RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator.
    • MORPHO token jumped 10% in 24 hours to $1.85.

    The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit gains in the past 24 hours.

    While the uptick aligns with overall crypto bounce that mirrors a surge across stocks, MORPHO is up after the crypto platform teamed up with other players across the real-world assets market to launch a new accelerator project dubbed Ascend.

    Amid a rebound in US stock indices, MORPHO rose 10% to highs of $1.85.

    Morpho Labs key player in RWA market

    On Monday, Morpho Labs announced that it was part of the strategic partnership that has launched Ascend.

    The groundbreaking initiative is designed as a startup accelerator targeted at the real-world assets market, with $500k in funding.

    Plume Network said Ascend is “the first startup accelerator designed to take ambitious RWA ideas into scalable protocols.”

    Big name players back the program, including Plume, Morpho, and Centrifuge.

    Others are Anchorage Digital, RWA.xyz, Keyrock and OKX Ventures. The collective aims to advance the tokenization of real-world assets.

    Morpho Labs, a decentralized finance (DeFi) lending infrastructure that among other offerings powers crypto-backed loans on Coinbase, is a top backer of the accelerator.

    As the collaboration highlights growth across the RWA sector, projects like Morpho begin to stand out.

    MORPHO token gains amid crypto bounce

    The MORPHO token experienced a significant uptick, rising 10% in 24 hours from lows of $1.66 to $1.85.

    Gains came amid the positive market sentiment around RWA tokens and the Ascend launch.

    However, it also followed a broader recovery in cryptocurrencies as a rebound in US stock markets buoyed sentiment.

    On Monday, August 4, 2025, the benchmark S&P 500, the Dow Jones Industrial Average, and tech-heavy Nasdaq Composite all rose amid market expectations of a Fed interest rate cut.

    Broader recovery follows last week’s sell-off, which saw Bitcoin dip to lows of $114k to dampen investor confidence across the ecosystem.

    However, with a rebound in equities spilling over into the crypto, BTC is up to $115k.

    A spike for RWA tokens has MORPHO eyeing a break to $2.00.

    With gains also for Plume and Centrifuge, a continuation of upside momentum could push MORPHO to February highs of $2.5 and likely allow for a new all-time high in coming months.

    MORPHO’s price surged to its all-time peak of $4.17 in January 2025.

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  • Bitcoin Pepe seals partnerships before May 31 launch as Aave price rallies

    Bitcoin Pepe seals partnerships before May 31 launch as Aave price rallies

    AAVE surges on optimism, Bitcoin Pepe bags key partnerships ahead of May 31 listing

    • AAVE has broken past $260 amid a 90% monthly gain and surging DeFi TVL.
    • Bitcoin Pepe has secured key deals ahead of its May 31 CEX listing.
    • Bitcoin Pepe (BPEP) is currently in its last token presale stage and it has seen a 71% price surge.

    AAVE has extended its bullish streak, gaining over 21% in the past 24 hours, while Bitcoin Pepe is drawing attention with strategic moves ahead of its much-anticipated May 31 listing.

    Both assets are riding separate but equally compelling narratives, one driven by surging TVL and renewed DeFi momentum and the other driven by meme coin culture and ecosystem expansion.

    With crypto investors eager to rotate capital into tokens showing strong community support and developer activity, both AAVE and Bitcoin Pepe are enjoying breakout moments in a market hungry for upside catalysts.

    AAVE powers past $260 as DeFi optimism intensifies

    At press time, AAVE was trading at $265.60, its highest level in over a year, propelled by a 90% rally in the past 30 days and a staggering 207.6% gain over the last year.

    Momentum is firmly on the side of bulls as AAVE’s 24-hour trading volume nears $884 million, signalling strong demand and sustained price discovery above previous resistance levels.

    In addition, the protocol’s total value locked (TVL) has soared to over $40.49 billion, underscoring growing confidence in Aave’s lending infrastructure and its relevance in the broader DeFi ecosystem.

    This spike in TVL not only reflects increased user deposits but also signals growing institutional trust in permissionless, decentralised borrowing and lending platforms.

    Technically, AAVE has broken through a stubborn resistance at around $250–$262, invalidating prior local tops and opening the door to a possible retest of the $300 psychological level.

    On-balance volume has also turned sharply upward, suggesting that buyers are absorbing sell pressure and accumulating in anticipation of further upside.

    Additionally, the 24-hour price range of $218.49 to $269.13 shows heightened volatility but confirms that higher lows continue to form, a classic hallmark of bullish structure.

    With a market cap now exceeding $4 billion and circulating supply nearing 15.1 million tokens, AAVE appears to be gaining both retail and institutional traction.

    Many traders are now watching for potential retracements to the $210–$220 zone, which could act as new support should a short-term correction occur.

    Given its strong fundamentals, technical breakout, and rapidly climbing TVL, AAVE is now positioned as a flagship asset for DeFi resurgence narratives this quarter.

    Bitcoin Pepe locks in strategic partnerships as May 31 listing approaches

    While AAVE makes headlines for price action, Bitcoin Pepe (BPEP) is fueling its own rally through ecosystem expansion and strategic brand positioning ahead of its centralised exchange debut.

    Built on a new token standard dubbed the PEP-20 token standard, Bitcoin Pepe is marketing itself as the “Solana of Bitcoin,” promising a Layer-2 experience native to the world’s most secure blockchain.

    Ahead of its May 31 listing as its token presale comes to an end, Bitcoin Pepe has announced a string of high-profile partnerships with the likes of Catamoto, Super Meme, Plena Finance, GETE Network, Crypto Hunters and BETV, aimed at accelerating adoption and enhancing token utility.

    With strong emphasis on staking incentives and interoperability, the project is creating buzz among early adopters and meme coin enthusiasts looking for more than just hype.

    Currently in the last presale stage, Bitcoin Pepe’s token, BPEP, has seen a 71% price surge, with projections of an explosion post-listing buoyed by its innovative approach to memecoins.

    Bitcoin Pepe’s roadmap signals a robust ecosystem growth, including plans for bridge infrastructure, PEP-20 DEX listings, and NFT integrations that tap into Bitcoin’s Ordinals movement.

    Developers are also rolling out native tools to simplify onboarding, enabling software engineers and crypto-native users to interact with PEP-20 tokens through wallet extensions and SDKs.

    This strategic positioning has helped Bitcoin Pepe carve out a niche in the crowded meme coin market by offering substance alongside viral branding.

    With just days to go before its major listing, the token’s growing community and tech-forward narrative are converging into a potential breakout moment.

    Given the current appetite for meme projects with real use cases, Bitcoin Pepe is increasingly being seen as more than just another speculative token.

    If momentum sustains through listing day, BPEP could emerge as one of the few meme coins to successfully transition into infrastructure relevance on Bitcoin.

    In a market now rewarding both utility and storytelling, Bitcoin Pepe’s rise comes at a time when narrative-driven investing is back in full force.

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  • BlackRock plans to launch a Bitcoin ETP in Europe

    BlackRock plans to launch a Bitcoin ETP in Europe

    BlackRock plans to launch a Bitcoin ETP in Europe
    • BlackRock is planning to launch a Bitcoin ETP in Switzerland.
    • This move follows the success of BlackRock’s US Bitcoin ETF.
    • The Bitcoin ETP could boost crypto adoption with the EU’s MiCA regulations.

    BlackRock Inc., the world’s largest asset manager, is gearing up to launch a Bitcoin Exchange-Traded Product (ETP) in Europe, marking another significant step in the firm’s expansion into the cryptocurrency market. The new ETP product is set to be registered in Switzerland.

    This move follows the resounding success of BlackRock’s $58 billion US Bitcoin ETF. The success of BlackRock’s US Bitcoin ETF, which by early February 2025 had gathered $57.5 billion in net assets, speaks volumes about the investor appetite for such products.

    CEO Larry Fink’s remarks at the World Economic Forum in Davos highlighted Bitcoin’s potential as a hedge against currency debasement, suggesting a broader acceptance of cryptocurrencies as an alternative store of value.

    This European venture is anticipated to attract both institutional and retail investors looking for exposure to Bitcoin without the complexities of direct cryptocurrency ownership.

    Switzerland is becoming a digital asset innovation in Europe

    The decision to domicile the ETP in Switzerland was strategic, leveraging the country’s reputation as a hub for digital asset innovation, particularly within its “Crypto Valley” in Zug.

    Switzerland’s progressive regulatory framework for cryptocurrencies has made it an attractive location for BlackRock to extend its Bitcoin investment offerings beyond North American borders.

    The choice of Switzerland not only aligns with BlackRock’s aim to capitalize on crypto-friendly regulations but also positions the firm to lead in the European market.

    Notably, the plans to launch an ETP in Europe comes at a time when the European Union is navigating its own regulatory path through the Markets in Crypto-Assets (MiCA) regulation, which was established in 2023.

    The MiCA framework aims to ensure consumer protection and market integrity, providing a stable environment for crypto investments.

    Despite the European crypto market capitalizing at $17.3 billion — far less than the US’s $116.4 billion — BlackRock’s move could significantly boost the sector.

    BlackRock’s entry into this market underscores the growing institutional acceptance of cryptocurrencies, a trend that has been further propelled by the US Securities and Exchange Commission’s approval of Bitcoin ETFs in January 2024.

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  • Cboe to launch first cash-settled Bitcoin index options

    Cboe to launch first cash-settled Bitcoin index options

    Cboe to launch first cash-settled Bitcoin index options
    • Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2.
    • The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs.
    • Mini options and customizable FLEX options will also be available at launch.

    Cboe Global Markets, a leader in the derivatives and securities exchange network, has announced plans to launch the first cash-settled index options tied to the price of spot Bitcoin.

    The new offering, set to go live on December 2, 2024, will be based on the Cboe Bitcoin US ETF Index (CBTX), marking a significant development in the world of cryptocurrency derivatives.

    The CBTX index, a modified market cap-weighted benchmark developed by Cboe Labs and Cboe Global Indices, is designed to track the performance of a basket of Bitcoin exchange-traded funds (ETFs) listed on US exchanges. The index aims to offer indirect exposure to spot Bitcoin by reflecting the performance of these ETFs, providing investors with a way to gain exposure to Bitcoin’s price movements without directly holding the asset.

    The upcoming options will be listed exclusively on the Cboe Options Exchange, regulated by the US Securities and Exchange Commission (SEC), and will be cash-settled at expiration. This means that positions will be closed in cash rather than requiring physical delivery of Bitcoin ETFs, simplifying the process for traders.

    In addition, these options will feature European-style exercise, meaning they can only be exercised on the expiration date, eliminating the risk of early assignment.

    To further broaden market access, Cboe will also offer mini options (MBTX) at launch. These options will be one-tenth the notional value of the standard options, offering greater flexibility for smaller portfolios and more granular risk management.

    Additionally, Cboe plans to introduce cash-settled FLEX options for both CBTX and MBTX, allowing traders to customize key contract terms, such as exercise price, style, and expiration date.

    Rob Hocking, Global Head of Product Innovation at Cboe, highlighted that the new options products are designed to meet the growing demand for efficient exposure to Bitcoin.

    The launch aligns with Cboe’s broader digital assets strategy, which includes Bitcoin and Ether futures, and aims to provide both institutional and retail investors with innovative tools to capitalize on or hedge against Bitcoin price movements.

    This move underscores Cboe’s commitment to expanding its crypto derivatives offerings and strengthening its position as a leading venue for crypto-related trading products.

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  • US spot Bitcoin ETFs hit $30 billion in combined net inflows since January launch

    US spot Bitcoin ETFs hit $30 billion in combined net inflows since January launch

    • BlackRock’s IBIT attracted the most at over $600 million followed by Fidelity’s FBTC with $301 million
    • The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January

    US spot Bitcoin exchange-traded funds (ETFs) took in $1 billion in daily total net inflows yesterday as Bitcoin inched closer to the $100k mark.

    BlackRock’s iShares Bitcoin Trust (IBIT) saw the most inflows, attracting $608.41 million, according to SoSoValue data. Fidelity’s FBTC followed with $300.95 million. Bitwise’s Bitcoin ETF brought in $68 million and Ark and 21Shares’ ARKB attracted $17.18 million.

    Grayscale’s GBTC was the only one with negative net flows, recording $7.8 million outflows.

    The 12 spot Bitcoin ETFs have earned a combined $30.35 billion since launching in January following approval from the US Securities and Commission (SEC).

    US Spot Bitcoin value. Source: SoSoValue

    Elevated trade among the spot Bitcoin ETFs followed as Bitcoin climbed to the $100k mark on November 22, continuing its bull run.

    The inflows also come after BlackRock launched its options contracts earlier this week. During trading on day one, BlackRock’s options brought in nearly $2 billion, helping to push Bitcoin to more than $94,000.

    Grayscale announced this week that it was also launching Bitcoin ETF options following BlackRock’s impressive debut and a surge in investor interest.

    As trade continues through spot Bitcoin ETFs, it’s becoming clear that these avenues are one of the main ways for investors to hold Bitcoin. According to Bloomberg analyst Eric Balchunas, US Bitcoin ETFs hit $100 billion in assets, adding on X:

    “They’re now 97% of [the] way to passing Satoshi as [the] biggest holder and 82% of [the] way to passing gold ETFs.”

    Elsewhere, in the market, Ethereum is up by more than 7% over the past week at $3,285, Solana has seen a nearly 20% increase at $253, and XRP has risen close to 60% to $1.44 in the same time, according to CoinMarketCap.

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  • Singapore’s DBS Bank to launch crypto options and structured notes in Q4 2024

    Singapore’s DBS Bank to launch crypto options and structured notes in Q4 2024

    Singapore’s DBS Bank to launch crypto options and structured notes in Q4 2024
    • DBS Bank to launch OTC crypto options trading linked to BTC and ETH in Q4 2024.
    • Clients can hedge against volatility through options and structured notes.
    • DBS continues integrating blockchain and Web3 for institutional-grade access.

    Singapore’s DBS Bank is set to launch over-the-counter (OTC) crypto options trading and structured notes in the fourth quarter of 2024.

    This initiative aims to cater to the needs of institutional clients looking for ways to manage the volatility associated with major digital assets like Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization.

    DBS’s crypto options and structured notes

    According to DBS, clients who wish to gain exposure to cryptocurrencies can now do so through options trading and structured notes.

    A crypto options contract derives its value from the price of underlying digital currencies. It enables traders to lock in the right, but not the obligation, to buy or sell an asset at a predetermined price at a future date.

    By purchasing put options, for example, clients can secure the ability to sell Bitcoin at a fixed price, regardless of market conditions at the time of execution, thus providing a layer of protection against price drops. This flexibility is particularly useful for investors seeking to manage the volatility of their crypto portfolios.

    In addition to options, DBS will offer structured notes, which are debt securities whose returns are tied to the performance of underlying assets.

    Structured notes provide investors with more customized opportunities, allowing them to capitalize on market movements while potentially reducing risk through tailored financial products.

    DBS expanding its digital asset services

    Announced on September 17, 2024, DBS’s new offerings will give institutional investors access to advanced financial products linked to BTC and ETH.

    These products, which include crypto options contracts and structured notes, are designed to allow investors to hedge against the market fluctuations that have historically characterized the cryptocurrency space.

    With this move, DBS is expanding its digital asset services to include more sophisticated strategies, aligning itself with the growing demand for institutional-grade access to digital assets.

    According to Jacky Tai, DBS’s group head of trading and structuring, institutional clients are increasingly allocating funds to digital assets, and this expansion provides them with a new channel for incorporating advanced strategies into their portfolios.

    DBS’s commitment to offering “trusted institutional-grade access” to digital assets is in line with its broader mission of integrating blockchain technology and Web3 infrastructure into its financial services.

    As Singapore continues to lead in the global adoption of digital assets, DBS Bank remains at the forefront, leveraging regulatory support and technological innovation to provide cutting-edge solutions for its clients.

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