Amid renewed optimism about the approval of a potential spot Ether exchange-traded fund, Ether call options are more expensive than put options on all expirations, indicating bullish market sentiment, one analyst said.Deribit CEO Luuk Strijers said: “Put minus call skew is a very bullish sign, being negative across all maturity periods and increasing further after the end-June expiration. Basis is also up about 14% on a year-to-date basis, which is another bullish indicator. “He said. An email was sent to The Block. Our analysis shows that traders are willing to pay more for call options than put options, especially those…
Author: Crypto Flexs
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deBridge has released its governance token. Tokens will be distributed to various groups. Token holders can participate in various initiatives. Cross-chain protocol deBridge announced its governance token DBR on Tuesday. 20% of total supply has been allocated to Genesis community airdrops and other launch-related activities.Founded in April 2021 after winning the Chainlink Global Hackathon, deBridge is branded as a high-performance security enabler that enables decentralized transfer of value and arbitrary messages between blockchains. The protocol claimed to have facilitated the transfer of over $2.3 billion across DeFi since its launch.deBridge’s governance token DBROn May 21, deBridge began the process of…
Altcoin season may already be upon us. However, to increase your earning potential, you should start investing in the following areas: bigut coin, promises to be the coin of the future. Here’s how you can grow $200 into $200,000 with Bitgert, with a good understanding of the market to make reasonable profits and how the cryptocurrency market is known to be choppy. The altcoin market is not a Ponzi scheme, but you can become a millionaire with just a few months of investment. However, this also carries the risk of losing all your capital (or at least a large amount)…
Uniswap Labs, the leading developer of the Ethereum decentralized trading platform, argued that the U.S. Securities and Exchange Commission’s (SEC) potential enforcement action lacks merit. According to the New York-based startup, cryptocurrency tokens should not be classified as securities. Instead, it is a PDF-like file. Why Cryptocurrency Tokens Are Not Securities Uniswap Labs on Tuesday disputed claims that it was operating an unregistered exchange and broker-dealer. The response follows a notice sent to Wells by the SEC’s Enforcement Division last month, indicating plans to recommend legal action against the company. Marvin Ammori, Chief Legal Officer of Uniswap Labs, highlighted the…
Naver Pay and Chiliz enter into strategic partnership Naver Pay, a Korean digital payment service, announced a strategic partnership with Chiliz, a leading sports and entertainment blockchain company. According to Medium’s official announcement, this collaboration aims to expand Naver Pay’s global services through Web3 innovation. With 33 million registered users and 18 million daily active users, Naver Pay covers a significant portion of the Korean population. Fintech platforms provide businesses with powerful solutions to streamline payments and increase customer engagement through rewards. The collaboration with Chiliz will leverage the Chiliz Chain’s fan token ecosystem to…
Bitcoin (BTC) struggled to support $69,000 on May 22 after analysts pulled back from local highs.BTC/USD 4-hour chart. Source: TradingViewBollinger warns of falling BTC priceData from Cointelegraph Markets Pro and TradingView showed BTC price action weakening, providing two tests of 2021’s all-time highs.Still above $69,000 at the time of this writing, this level has formed a critical line for some.“Support at $69,000 needs to be maintained to have any chance of validating the R/S flip from the previous ATH,” trading resource Material Indicators wrote in part of its latest report on X.Important indicators point to a possible resistance/support reversal at…
OKX Ventures invests in Monad Labs to accelerate Web3 and distributed computing innovation.OKX Ventures, the investment arm of OKX, a leading cryptocurrency exchange and Web3 technology company, announced a strategic investment in Monad Labs. According to a blog post on OKX Ventures’ Medium page, the latter is developing a developer-driven smart contract platform that will revolutionize the decentralized digital environment.Supporting innovation at the forefront of blockchainThis investment highlights OKX Ventures’ commitment to supporting innovative blockchain and decentralized ecosystem projects. Monad Labs, a leader in innovation, provides a groundbreaking platform that scales Ethereum 1000x through parallel…
SOL is often cited as a contender to eventually replace ETH. Market activity this week shows just how enormous this challenge is.
Stuart Alderoty, Ripple’s chief legal officer, described U.S. Securities and Exchange Commission Chairman Gary Gensler as a “struggling liability.” This comes as the hype surrounding the potential approval of spot ether exchange trading funds grows.In response to discussions about the SEC becoming a hot topic of pre-election discourse, Alderoty wrote in X that “Gensler overplayed his hand.”“He thought cryptocurrencies were an easy target,” Alderoty said. “He liked being the guy everyone hated. He thought he was above congressional oversight. All that was lost. He’s now struggling with political responsibility.” .” he added.This opinion, long echoed by many others in the…
A trader known for several accurate cryptocurrency market currencies says Bitcoin (BTC) could be preparing for a massive breakout. Pseudonymous analyst Dave the Wave told his 146,500 followers on social media platform “BTC Megaphone.” Source: Dave the Wave/X Looking at the daily chart, traders suggest that Bitcoin is in a bullish megaphone pattern with two highs and two lows and could surge to around $109,500. The analyst also says that the 0.382 Fibonacci retracement level, the lowest price of Bitcoin’s trading range, is forming a trend line that holds support from late 2023. “This chart belongs here in a thread…