U.S. Crypto Industry Will Follow a Different Path From Rest of World: BitMEX Group CEO
The U.S. crypto market will “bifurcate from the rest of the world” said Stephan Lutz, CEO of crypto exchange BitMex, in an interview with CoinDesk.
Derivatives
Leverage in the Bitcoin Market Is Increasing Again as $58.5K Becomes Key Level
High-leverage liquidity in bitcoin is concentrated at around $58,500, according to Hyblock Capital.
One Trading Secures Regulatory Approval From Dutch Regulator to Offer Crypto Derivatives Trading in Europe
With the new license, One Trading becomes the only perpetual futures trading venue in the EU and the first cash-settled perpetuals platform in Europe, according to a company press release.
Sygnum’s First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%
The surging trading volumes helped the bank reach profitability for the first time.
Kraken’s Derivatives Arm Joins Copper’s Crypto Settlement Network
(l-r) Zodia Custody CEO Julian Sawyer, Kraken MTF CEO Mark Jennings, Komainu COO Suzanne Hubble (AIM Summit)
Trader Buys 2M Dogecoin Call Options as Meme Coin Market Heats Up
A trader bought $2 million worth of dogecoin {{DOGE}} call options at a strike price of $0.22 on Wednesday, according to PowerTrade’s head of institutional sales, Bernd Sischka.
Ether Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
Research Firm Favors Bitcoin ‘Covered Strangle’ Strategy to Enhance Portfolio Yield by 17%
Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said in a note.
Lyra Finance Now Lets Liquid Restaking Token Holders Earn Extra Yields From Automated Trade Strategies
LRT holders can tokenize any yield-bearing strategy to generate an annualized percentage yield of 10% to 50%.
USDe Holders Should Monitor Ethena’s Reserve Fund to Avoid Risk, CryptoQuant Warns
Cryptocurrency data provider CryptoQuant has said that holders of Ethena Labs’ USDe stablecoin should monitor the project’s reserve fund to avoid risks related to the potential of a negative funding rate.