Ether Call Options Look Attractive Relative to Bitcoin as Volatility Spread Dwindles
Crypto services provider Matrixport suggests collecting premium by selling bitcoin call options and using the same to fund the purchase of ether calls.
Markets
First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable.
Silvergate’s Struggles Will Likely Boost Stablecoins’ Role in Crypto Trading: Kaiko
Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform last week, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges.
Crypto Exchange Bybit Suspends USD Deposits
The exchange announced the suspension on Saturday, adding that withdrawals through wire transfers, including SWIFT, will be halted from March 10.
First Mover Asia: Bitcoin Is Stuck Between Silvergate and China
ALSO: CoinDesk columnist Chief Insights Columnist David Z. Morris considered the gathering of the Etherians at ETHDenver, all working together to build; Bitcoin stands on a precipice above $22.4K.
Gitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index
The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.
Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting
Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.
Bitcoin Bears May Still Be a Bit Early, Though Caution Urged: Matrixport
Crypto investors should cut exposure by 50% if bitcoin prices fall below $22,800, the report said.
Bitcoin Long Liquidations Hit Highest Level Since August
Centralized exchanges liquidated bullish long futures worth over $62 million during the early Asian hours.
Bitcoin, Ether Drop Over 5% in Massive Sell-Off as Market Continues to Digest Silvergate
Bitcoin plunged to $22,288 and Ether hit $1,563 as crypto took a tumble during the opening hours of East Asia’s trading day.