Analysts say the implied volatility of CME’s short-term out-of-the-money Bitcoin put options has increased over the past month as traders anticipate greater price volatility and brace for the possibility of further downside moves. According to CF Benchmark’s Bitcoin Volatility Index, the implied volatilities of short-term puts and short-term calls were roughly equal in late May, before the recent market downturn, during which time the price of Bitcoin fell by 14%. It fell by more than %. % in the past month. However, CF benchmark analysts are currently observing a significant increase in the implied volatility of short put options compared…
Author: Crypto Flexs
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According to Gala News, Gala Games will be hosting a live town hall event on Wednesday, June 26th at 12PM PT to provide the latest updates on the development of its highly anticipated fantasy MMO Mirandus. Mirandus: A landmark in fantasy gaming Mirandus, one of Gala Games’ flagship projects, has captivated the gaming community with its promise of a visually stunning and strategically complex fantasy world. The game is set in a magical land where Materium flows and the laws of magic are absolute, offering players a rich and immersive experience. The development of such…
A widely respected cryptocurrency analyst and trader is expressing bullish sentiments about Dogecoin (DOGE). An analyst known by the pseudonym Kaleo told his 642,200 followers on social media platform X that Dogecoin could rise as much as 700% to 1,500% from current levels. “I still believe we are in a meme coin supercycle and we will see DOGE transfer to $1 – $2. History tells us there will likely be some time left to prepare before that happens.” Dogecoin is trading at $0.125 at the time of this writing. Regarding when Dogecoin could start rallying, an anonymous analyst said: “Each…
Bitcoin (BTC) provided a “healthy reset” to bullish sentiment as the major BTC price indicator hit an eight-month low.Popular analyst On-Chain College said in a post on X (formerly Twitter) on June 27 that a classic pattern is repeating itself in the Bitcoin Mayer Multiple.The Mayer Multiple is at its lowest level since October 2023. Bitcoin is still hovering around $60,000, but it has been showing a noticeable decline recently, down 17%.As Cointelegraph reports, cryptocurrency fear and greed indices are challenging 2024 lows and there are few signs across social media that the average holder is expecting a price reversal.However,…
Polymarket, a decentralized prediction market platform, said oracle service UMA’s betting market resolution for DJT tokens was “incorrect” and that Polymarket was developing a “short-term solution” that it would announce today.Polymarket utilizes UMA, an optimistic oracle, to settle bets. Previous UMA was market You’re betting on whether Donald Trump’s son Barron Trump was involved with DJT. “If there is a preponderance of evidence that Barron Trump was involved in the creation of the Solana token $DJT, this market will say ‘yes.’ Otherwise, this market will be resolved to ‘No’,” the Polymarket rules stated.However, Polymarket took issue with UMA’s decision. “We…
The NEAR protocol took a bearish turn after a bullish week as it broke below its 50-day moving average. The sharp decline in RSI towards oversold territory and the formation of lower lows highlighted the strong selling pressure. NEAR Protocol (NEAR) has recently experienced a bearish reversal, and its strong performance the previous week has raised concerns among investors about a potential downside. The 50-day moving average (blue line) has served as a dynamic support and resistance line. The price fell below this line and began a downward trend. Source: TradingView The 200-day moving average (red line) is above the…
NVIDIA has released the latest version of its Video Codec SDK, version 12.2, which significantly improves video quality, particularly for High Efficiency Video Coding (HEVC). According to the NVIDIA Technology Blog, the update provides a comprehensive range of APIs for hardware-accelerated video encoding and decoding on both Windows and Linux platforms. Key features of Video Codec SDK 12.2 Video Codec SDK 12.2 introduces several new features aimed at improving video quality and reducing bitrates. These features include: Lookahead Level: This feature enhances predictive analytics to optimize coding efficiency, especially for HEVC. This allows for better…
The Pacific island nation of Vanuatu is set to enact its long-awaited Digital Assets and Service Providers Bill as early as September. Vanuatu Financial Services Commission (VFSC) Commissioner Branan Karae said in his opening remarks at the Digital Asset Symposium hosted by Vanuatu’s financial regulator on June 27 that the bill is expected to be enacted in the first week of parliament.VFSC policy consultant Loretta Joseph, who attended the meeting, told Cointelegraph that the bill has been in the works for several years but has been repeatedly delayed due to multiple cabinet changes. Loretta Joseph and VFSC Supervisory Manager Joshua…
Telegram-based Notcoin (NOT) is poised for significant growth, with its market capitalization expected to double in the coming weeks. This optimistic outlook is supported by strong technical indicators and fundamentals, namely the ecosystem’s recent token burn.Notcoin burns 210 million NOT per day.On June 25, the Notcoin team announced that it had burned 210 million NOT tokens worth $3 million in one day. This caught the attention of traders and helped the price of NOT rise by up to 16.40%, reaching $0.0164.NOT/USDT daily price chart. Source: TradingViewThe Notcoin team revealed plans to distribute $4.2 million worth of NOT tokens to “gold…
OpenAI, the artificial intelligence research company behind ChatGPT, on Wednesday postponed the launch of Voice Mode, a standout feature that was wildly popular when it was introduced in a product update last month. The company said it needed “one more month” of work, an announcement that drew harsh criticism from users and the AI community.Speech mode was probably the most notable announcement at the OpenAI event, unveiled alongside the release of ChatGPT-40, its latest large-scale language model. This allowed users to interact with the chatbot via voice and engage in natural conversations.The demo also included a comparison to the sci-fi…