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  • Bitcoin options market signals ‘summer slowdown’: Glassnode

    Bitcoin options market signals ‘summer slowdown’: Glassnode

    Bitcoin Price Outlook

    • Bitcoin has experienced a significant drop in spot and futures volumes, which signals a potential summer lull.
    • Low volatility and thinning liquidity could see a consolidation phase with a potential pullback to $100,000.
    • A resurgence in trading volume could push BTC above $110k and its ATH.

    Bitcoin (BTC) continues to hover near the psychological $110,000 level as well as its all-time high, but market analysts are pointing to a potential summer slowdown.

    According to blockchain data provider Glassnode, trading volumes are experiencing a significant decline, raising questions about the cryptocurrency’s short-term trajectory.

    With spot volume dropping to $5.02 billion and futures volume falling to $31.2 billion, both the lowest in over a year, the stage appears set for a period of reduced market activity.

    BTC options markets suggest a slowdown

    Glassnode’s recent market outlook highlights a trend in the Bitcoin options market where implied volatility across all expiries (ranging from one week to six months) is approaching all-time lows.

    The analytics platform says the levels seen today are back to those seen in mid-2023.

    Reduced volatility suggests that traders are anticipating less price movement in the near term, a common occurrence during the summer months when market participants often take holidays and trading activity wanes.

    Notably, data shows a contrast between Bitcoin’s price, which has steadily climbed toward $110,000, and the diminishing spot and futures volumes.

    The volumes appear to have peaked and point to a downturn, with the divergence indicating thinning liquidity.

    The options market’s low volatility pricing reflects a cautious outlook, potentially signaling a consolidation phase as the market digests recent gains.

    Bitcoin price prediction

    A lull is further contextualized by historical patterns, and traders could be looking for profits after significant rallies.

    However, the low-volume environment also heightens the risk of sharp price swings, as even modest orders could trigger outsized reactions in a thinly traded market.

    On the bullish side, Bitcoin’s ability to hold above key support levels and near $110k despite declining volumes suggests underlying strength.

    Potentially, this strengthens long-term optimism amid institutional adoption, including likely moves by Elon Musk.

    Notably, CoinShares has shared details showing digital asset investment products saw over $1 billion in inflows last week.

    This marked the 12th consecutive week of inflows, with Bitcoin recording $790 million in inflows over the week.

    Other assets such as Ethereum saw $226 million.

    Amid this, analysts at CryptoQuant say the BTC bull run remains intact.

    However, the low implied volatility and reduced trading activity point to a consolidation range.

    BTC could thus break to a new ATH above $112k or see a short-term pullback to support.

    In this case, the psychological level of $100k will be key.
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  • BTC trades near $107,500 as market awaits $15B+ options expiry

    BTC trades near $107,500 as market awaits $15B+ options expiry

    Bitcoin holds above $107K ahead of major quarterly options expiry

    • Bitcoin (BTC) held steady above $107,500 ahead of a major options expiry on Friday.
    • 38% of Deribit’s $40B in BTC options open interest will expire, with a “max pain” price of $102,000.
    • Bitcoin’s implied volatility has dropped from 50% in April to 38%, signaling increased market confidence.

    Bitcoin traded within a narrow range during US hours on Thursday, holding steady above the $107,000 mark as traders positioned themselves ahead of a significant quarterly options expiry scheduled for Friday.

    While the broader crypto market saw slight declines, Bitcoin’s stability belied the underlying tension of a massive volume of derivatives contracts nearing their conclusion.

    The top cryptocurrency was last changing hands around $107,500, down a negligible 0.2% over the past 24 hours.

    In contrast, the CoinDesk 20—an index tracking the top 20 digital assets excluding stablecoins, exchange coins, and some memecoins—lost 0.9% during the same period, indicating some weakness in the altcoin market.

    Market participants are keenly focused on Friday’s event, which is set to be one of the largest options expiries of the year.

    “This Friday marks one of the largest option expiries of the year on Deribit,” Jean-David Péquignot, chief commercial officer at the popular derivatives exchange Deribit, told CoinDesk.

    He noted that the total open interest for Bitcoin options currently stands at a staggering $40 billion, and a substantial 38% of these contracts are set to expire on Friday.

    A key metric that traders are watching is the “max pain” price, which is the strike price at which the largest number of options (both puts and calls) would expire worthless, theoretically causing the maximum financial loss for option holders.

    “Max pain price for Friday is at $102,000, with a put/call ratio of 0.73,” Péquignot said. This suggests a potential gravitational pull towards the $102,000 level as the expiry approaches.

    Volatility eases, but caution remains

    Despite the looming expiry, market volatility has shown signs of calming down.

    Bitcoin’s implied volatility, as measured by the Deribit DVOL index, has dropped to 38% from the 50% levels seen during a wild April.

    According to Péquignot, this could signal that “the market is increasingly confident in the cryptocurrency’s macro-hedge role.”

    However, an analysis of put-call skews reveals no clear directional bias among traders in the short term, indicating a state of market neutrality.

    Péquignot emphasized that the $105,000 level for Bitcoin is pivotal from a technical standpoint, suggesting that “technicals suggest caution if support fails.”

    He also noted that “low open interest in perps [perpetual futures] and fairly depressed Bitcoin implied volatility and skew are indicative of limited expectations for sharp price movements going into Friday’s expiry.”

    Crypto stocks show divergent performance

    In the equity markets, several crypto-related stocks managed to post gains on Thursday.

    Core Scientific (CORZ) was a standout performer, surging more than 33% following a report from The Wall Street Journal suggesting that the Bitcoin miner may soon be acquired by AI Hyperscaler CoreWeave (CRWV).

    Other notable gainers included Circle (CRCL), Coinbase (COIN), Riot Platforms (RIOT), and Hut 8 (HUT), which were all higher by 5%-7%. In contrast, Strategy (MSTR) was down nearly 1%.

    While stablecoins like USDT and USDC have been dominating US headlines recently, thanks to the GENIUS Act and Circle’s (CRCL) blockbuster IPO, a quieter but equally significant strategic adoption of these assets is reshaping cross-border finance in Asia.

    Behind the scenes, stablecoins are already playing an important role in the region’s financial plumbing.

    Asian banks are increasingly viewing stablecoins not just as a speculative asset class, but as a defensive tool to guard against potential deposit flight and to protect against lost transaction revenue.

    Amy Zhang, Head of Asia at Fireblocks, explained in a recent interview with CoinDesk that major banks across Korea, Japan, and Hong Kong are proactively exploring the creation of their own local-currency stablecoins to mitigate these emerging threats.

    “If I’m not one of the banks banking Circle or banking Tether, am I going to lose deposits?” Zhang told CoinDesk, articulating the core concern driving this exploration.

    “That’s a huge risk for banks.”

    This strategic consideration highlights a deeper, more utility-focused integration of digital assets that is unfolding in the East, often away from the glare of Western market speculation.
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  • Bitcoin falls to $103K, options skew hits 3-month low as mideast tensions drive oil prices higher

    Bitcoin falls to $103K, options skew hits 3-month low as mideast tensions drive oil prices higher

    Bitcoin falls to $103K, options skew hits 3-month low as mideast tensions drive oil prices higher

    A sharp escalation in Middle East tensions sent shockwaves through global financial markets in the early Asian trading hours, triggering a significant spike in oil prices and prompting a flight to safety.

    Bitcoin (BTC) was not immune to the turmoil, experiencing a notable price drop as traders scrambled for downside protection, evidenced by a dramatic crash in short-term options skew.

    The seven-day skew for Bitcoin options, a key metric that measures the relative cost of bullish calls versus bearish puts listed on Deribit, plummeted to -3.84%.

    This marked its lowest point since April 16, according to data from Amberdata.

    In practical terms, this means put options, which offer traders protection against price declines, became the most expensive relative to call options in three months.

    The surge in demand for these protective puts also dragged the 30-day and 60-day skews into negative territory, signaling a broader shift towards caution among market participants.

    Traders typically purchase put options either to hedge existing long positions in the spot or futures markets or to directly profit from an anticipated fall in prices.

    The clear preference for puts indicates a growing unease about Bitcoin’s near-term trajectory amidst the heightened geopolitical uncertainty.

    Bitcoin’s price reflected this nervousness, falling to its 50-day simple moving average (SMA) at $103,150, extending its 24-hour losses to 4.59%, according to CoinDesk data.

    This decline represented a significant retreat from earlier in the week when prices had briefly topped the $110,000 mark.

    Market bulls are now likely hoping that the 50-day SMA will provide a crucial support level, as a sustained break below it could attract further selling pressure, a pattern observed when this support level failed back in February.

    Oil surges as geopolitical cauldron boils over

    The catalyst for this market turbulence was a dramatic escalation in the Middle East.

    The per-barrel price of WTI crude oil surged by over 6% to $74.30, reaching its highest level since February 3 and extending its weekly gain to an impressive 13%, according to data from TradingView.

    This sharp upward movement in oil prices reportedly followed news of Israeli airstrikes on Iran, which supposedly drew retaliatory missile action from Tehran, though details remained fluid.

    Inflationary shadows and Fed policy under scrutiny

    Sudden and significant spikes in oil prices tend to have a global inflationary impact, and this latest surge is no exception.

    Concerns are now mounting that this could inject fresh inflationary pressures into economies worldwide, at a time when President Donald Trump’s ongoing trade war already threatens to disrupt economic stability and fuel inflation, particularly in net-importer countries.

    This confluence of factors could significantly dent market expectations for Federal Reserve rate cuts.

    If inflation re-accelerates, the Fed may be less inclined to ease monetary policy, potentially adding to downside volatility in both stocks and cryptocurrencies.

    As of writing, futures tied to the S&P 500 were trading 1.5% lower on the day, reflecting the broader risk-off sentiment.

    Traditional markets reel from geopolitical shock

    The reaction in traditional markets was swift and pronounced. US stock index futures were down approximately 1.5% across the board following the news from the Middle East.

    European market futures mirrored this decline, also trading down by roughly the same margin.

    In a classic flight to safety, bond prices moved higher as investors sought refuge from the volatility.

    Gold, another traditional safe-haven asset, also saw increased demand, adding about 0.75% in the past hour to trade at $3,428 per ounce.

    Crude oil, as previously noted, had soared by an even more dramatic 9% to $74 per barrel in the immediate aftermath of the reports.

    The 10-year Treasury yield dipped two basis points to 4.32%, indicating increased demand for US government debt.

    Currency markets also reflected the shifting risk landscape, with the US dollar gaining against the euro and the British pound, but losing ground against traditional safe-haven currencies like the Japanese yen and the Swiss franc.
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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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  • BlackRock’s Bitcoin ETF options brings in nearly $2b in trade on day one

    BlackRock’s Bitcoin ETF options brings in nearly $2b in trade on day one

    • Bitcoin hit a record of more than $94,000 following the launch of options contracts on BlackRock’s IBIT
    • 289,000 contracts were Calls and 65,000 were Puts, meaning investors were bullish on a Bitcoin price rise
    • Joe Constori said the market is bullish that Bitcoin’s price will reach $100,000 by the end of 2024

    Options contracts on BlackRock’s iShares Bitcoin Trust (IBIT) saw “unheard-of” notional exposure levels, helping push Bitcoin to a record of over $94,000.

    Taking to X, Bloomberg ETF analyst James Seyffart, said:

    “Final tally of $IBIT’s 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k contracts. 289k were Calls & 65k were Puts. That’s a ratio of 4.4:1. These options were almost certainly part of the move to the new #Bitcoin all time highs today.”

    Buying calls is bullish as investors only profit if the price of Bitcoin goes up. With the new options contract, investors can speculate on price movements by trading shares at predetermined prices.

    Joe Constori, head of growth at Theya and institutional lead at the Bitcoin Layer, said on X that “TLDR; the market is bullish that Bitcoin’s price ends the year well over $100k.”

    Bloomberg’s senior ETF analyst Eric Balchunas added:

    “$1.9b is unheard of for Day One. For context, $BITO did $363m and that’s been around for four years. And also this is with 25,000 contract position limits.”

    Increasing institutional interest

    The launch of BlackRock’s options contracts comes as institutional interest in Bitcoin rises. With the IBIT options, investors can gain exposure to new avenues of investment while managing their risk through the call and put options without owning the underlying asset.

    In January, the US Securities and Exchange Commission (SEC) approved the first 11 spot Bitcoin exchange-traded fund (ETFs). Since then, the market has grown with BlackRock leading the way.

    At the end of October, BlackRock’s IBIT reached $30 billion in net assets in a record 293 days. Two weeks later, it reached $40 billion in net assets in 211 days, showcasing rising interest in crypto investments.

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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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  • Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M

    Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M

    • SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues.
    • Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx.
    • Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement.

    Just when everyone thought that 2024 had seen the most after the recent spot Bitocin ETFs approval by the US SEC, excitement is rippling through the crypto community again as Nasdaq and Cboe gear up for Bitcoin ETF options trading. The two have already filed applications with the SEC and the regulatory authority has recognized the applications.

    Simultaneously, Pullix, a hybrid trading platform is promising a new era in decentralized finance.

    Nasdaq and Cboe Bitcoin ETF Options trading move

    In a screenshot posted on X by James Seyffart, the SEC has already acknowledged the 19b-4s requesting the ability to trade options on spot Bitcoin ETFs.

    Nasdaq’s proposal centres around listing options for BlackRock’s iShares Bitcoin Trust, while Cboe aims to trade options on exchange-traded products (ETPs) holding Bitcoin. Notably, Cboe’s prominent role in launching six of the SEC-approved spot BTC ETFs positions it as a key player in shaping the crypto market.

    With positive market responses and efficient tracking of Bitcoin’s price since ETF trading initiation on January 11, options trading is considered the “next logical step,” offering enhanced utility and risk management for investors.

    Options trading in BTC ETFs, as proposed by Nasdaq, is hailed for bringing cost efficiencies and advanced hedging strategies to investors. Derivatives provide the right to buy or sell an asset within a specified timeframe, enhancing utility for a broader investor base, including traditional finance sectors.

    Analyst Dave Nadig from VettaFi in an interview with CNBC predicted that the introduction of BTC ETF options will attract hedge fund players, fostering increased speculation and diversified investment approaches in the crypto market.

    The regulatory waiting game is on, with options approval potentially by the end of February, pending SEC decisions and a 21-day public comment period.

    Pullix: unveiling Trade-to-Earn model 

    Amidst the crypto fervour surrounding Biotin ETFs, The upcoming Pullix trading platform takes centre stage with its innovative model. Pullix introduces a unique “Trade-to-Earn” concept, allowing users holding its native token, the PLX, to earn instant rewards for trading on the platform.

    The PLX token’s main USP lies in its revenue-sharing mechanism, enabling holders to profit from the daily revenues generated by the trading exchange. This game-changing approach combines active trading with a guaranteed fixed income, setting Pullix apart in the rapidly evolving crypto space.

    The token is currently in its sixth presale stage and is already showing signs of massive support from crypto enthusiasts. At press time, the presale had raised close to $4 million with only five stages sold out.

    To participate in the presale and acquire the PLX token ahead of the Pullix platform launch, which is scheduled for before the end of January, you can visit the official Pullix Website.

    Conclusion

    As the crypto market witnesses a transformative phase with Nasdaq and Cboe expediting options trading on Bitcoin ETFs, Pullix’s PLX presale adds another layer of excitement, introducing a “Trade-to-Earn” model that could redefine user engagement in decentralized finance.

    Investors and enthusiasts alike are closely watching these developments, eagerly anticipating the impact on investment strategies and the broader adoption of cryptocurrencies. The convergence of innovative trading platforms and tokenomics marks a significant chapter in the evolving narrative of digital assets.

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  • Bitbot gears up for presale amid uncertainty ahead of first BTC options expiry post ETF approval

    Bitbot gears up for presale amid uncertainty ahead of first BTC options expiry post ETF approval

    • BTC options expiry reveals short-term volatility post ETF approval.
    • Bitbot’s presale on Jan 17 promises unprecedented excitement with self-custodial solutions.
    • With a total supply of 1 billion tokens, Bitbot aims for a $1B market cap and top listings.

    As 2024 signals the potential start of a new bull run, the crypto market is buzzing with excitement. The recent Bitcoin ETF approval sparks short-term volatility, while Bitbot, a revolutionary Telegram trading bot, gears up for its token presale on January 17.

    In this article, we delve into the first anticipated Bitcoin options expiry post Bitcoin ETF approval and the upcoming Bitbot presale, exploring the potential for exhilarating opportunities in the evolving crypto landscape.

    First BTC Options expiry post Bitcoin ETF approval

    The approval of the Bitcoin Spot ETF on Wall Street has set the stage for unprecedented market movements. Despite the historical significance, Bitcoin’s price exhibits a muted response, currently trading at $46,080.

    According to Greeks.Live, as of January 12, 36,000 Bitcoin options are on the verge of expiration, presenting a Put Call Ratio of 0.9. With a Maxpain point at $45,000 and a notional value of $1.68 billion, the market anticipates a short-term rollercoaster ride.

    Crypto market post-Bitcoin ETF approval

    While the adoption of the Bitcoin Spot ETF promises long-term benefits, short-term uncertainties persist. Short-term implied volatilities (IVs) experienced a peak before declining, creating an environment of caution and anticipation among investors.

    Santiment’s data suggests a potential shift post-ETF approval, with a slight decrease in active Bitcoin (BTC) wallets. Although this might not significantly impact prices, traders may explore transitioning to ETF exposure, adding a layer of intrigue to market dynamics.

    Bitbot’s presale buzz

    As the crypto community braces for potential market shifts, Bitbot, a Telegram bot, emerges as a disruptive force, offering a self-custodial trading solution on Telegram. The Bitbot token presale, set to launch on January 17, introduces a new wave of excitement and investment opportunities.

    The Telegram bot boasts a total supply of 1,000,000,000 tokens. The presale, spanning eight stages, will see 30% of the tokens distributed. An additional 20% is allocated to the Bitbot development team to fund ongoing innovation, ensuring long-term utility.

    Bitbot’s ultra-flexible wallet management, powered by MPC custodial API technology, sets it apart. The MPC system replaces private keys with individual key shares, enhancing privacy and accuracy. Knightsafe, Bitbot’s custody partner, adds an extra layer of security with an open-source and decentralized digital asset self-custody service.

    Is Bitbot a good investment?

    Well, any cryptocurrency investment move is up to the investor. However, a thorough background check and market analysis are required due to the volatile nature of the cryptocurrency market.

    As Bitbot’s presale launch approaches, it is important to note that the Telegram bot introduces an Anti MEV Bot, preventing monitoring by MEV bots and anti-rug features to thwart potential scams. Additionally, Bitbot users can copy trades of top traders, enjoy a built-in referral program, and sign up with ease, creating an enticing user experience.

    Bitbot allocation strategy, focusing on development, marketing, and liquidity provision, aims to achieve a $1B market cap and secure listings on top exchanges. In addition, the upcoming $100K competition adds a layer of excitement, making Bitbot a potential gem in the evolving crypto landscape.

    Conclusion

    In the midst of evolving market trends and the potential for a crypto Bull Run, Bitbot and Bitcoin stand as key players.

    The BTC options expiry and Bitbot’s presale create a dynamic landscape, offering traders and investors a myriad of opportunities.

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  • Ferrari adds BTC, ETH, XRP to payment options; ADA, DOGE & QUBE ready for a jump

    Ferrari adds BTC, ETH, XRP to payment options; ADA, DOGE & QUBE ready for a jump

    The high-octane world of luxury cars has always been a hotbed for innovation, not just in design and performance, but also in the realm of customer experience and payment methods. On October 14, Ferrari, the iconic luxury carmaker, took a leap into the future by accepting crypto payments. 

    As we witness the impact of this move, there’s a new ICO in the crypto arena that’s been steadily garnering attention and redefining how we invest in AI technology startups – InQubeta ($QUBE).

    InQubeta ($QUBE) – a gateway to AI investments

    In a world increasingly driven by Artificial Intelligence, startups are often at the intersection of breakthrough innovations and immense growth potential. However, channelling investments into these ventures has been a challenge that often deterred potential investors. InQubeta is on a mission to revolutionize this space.

    Providing a robust platform for fractional investment in AI startups, InQubeta introduces QUBE tokens as the bridge connecting potential investors with promising startups. These startups, in their quest for funds, create some of the coolest NFTs representing either rewards or equity. These NFTs are then available for purchase by investors using QUBE tokens, creating a symbiotic relationship where startups acquire necessary capital, and investors enjoy the returns and benefits based on their NFT holdings.

    More than just another crypto to buy, QUBE is also a deflationary ERC20 coin, with an in-built burn mechanism. Moreover, as a governance token, QUBE is not just a passive investment. It grants its holders the power to shape the platform’s future, making decisions, proposing changes, and voting on pivotal aspects of InQubeta’s journey.

    Ensuring security and trust, InQubeta has received a positive audit from Hacken and a KYC verification from BlockAudit. With an ongoing presale that has already raked in over $3.7 million, the platform’s roadmap hints at a future filled with expansion; one that will make QUBE the best crypto investment of this decade.

    You can now buy a Ferrari with Crypto

    As reported by Reuters on Oct. 14, Ferrari has now opened the gates for its clientele to purchase luxury cars using the best cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Partnering with BitPay as its payment processor, this iconic brand ensures a seamless transaction experience for its customers. 

    Regardless of whether a client chooses to pay with traditional currency or cryptocurrency, there will be no difference in prices, fees, or surcharges. While the offering currently caters to U.S. customers, Ferrari also has its eyes set on the European market.

    The rising tide: ADA, DOGE & QUBE

    With the increasing integration of cryptocurrencies in mainstream industries, top altcoins like ADA Cardano (ADA), Dogecoin (DOGE), and InQubeta (QUBE ) are poised for significant market movements. As businesses and consumers alike become more crypto-savvy, these tokens, backed by robust projects and utilities, are likely to see a surge in demand and valuation.

    Cryptocurrencies are no longer the outliers; they’re rapidly becoming the norm. As we stand at this juncture, it’s not just about the cars we drive or the tokens we invest in; it’s about the future we’re collectively crafting. Pioneering platforms like InQubeta highlight the evolving narrative of the modern financial landscape. 

    To take part in the InQubeta project you can visit InQubeta Presale and join The InQubeta Communities.

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  • CME Group to expand BTC and Ether options expiries in May

    CME Group to expand BTC and Ether options expiries in May

    • CME group says demand from clients has increased amid the heightened market volatility.
    • The marketplace plans to expand expiries for its standard and micro-sized BTC and Ether options contracts.
    • Approval would see the derivatives platform make the changes on 22 May, 2023.

    Derivatives marketplace CME Group is seeking to expand its options expiries for Bitcoin and Ethereum, according to an announcement published today, 17 April 2023.

    The platform, which says the plans are subject to regulatory approval, indicates that the plan is to have its suite of crypto options for BTC and ETH contracts expiries be available every business week day – Monday to Friday.

    Currently, expiries for micro-sized options on the two crypto futures are available on Monday, Wednesday and Friday. The CME also offers monthly and quarterly expiries for BTC and ETH options on its futures contracts.

    If approved, the company will look to have the new expiries available beginning 22 May.

    Client demand for BTC and ETH products

    Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products said the goal is to have market participants access options contracts that offer “greater precision and versatility” for managing short-term Bitcoin and Ethereum price risk.

    “Against a backdrop of heightened market volatility in the digital asset sector, we continue to see clients turn to a trusted, regulated venue like CME Group for reliable and efficient cryptocurrency risk management products,” Vicioso added.

    CME Group has seen an increase in demand for Bitcoin and Ethereum futures and options. The top two assets by market cap are also the two best cryptocurrencies for crypto derivatives trading. 

    The bitcoin’s numbers in Q1, 2023 for CME achieved a notional of over $3 billion, a record in terms of daily average. The marketplace also saw a record BTC options contracts of 2,357 traded on 22 March 22. Open interest rose to an all-time high of 14,700 contracts on 31 March and could soar further amid a long-term bullish Bitcoin price prediction, particularly going into the next halving.

    The all-time high for Ether options contracts was 311 on 22 February, while OI hit a record 1,800 contracts on 24 March.

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