๐๐ #BTC #ETF Bloomberg: IBIT has surpassed Coinbase's Deribit platform as the largest venue for bitcoin options with $38 billion in open interest.
The growth of IBIT options is the least discussed, but most significant markets structure shift for Bitcoin since the ETFs themselves.
Not only did IBIT surpass Deribit, but Options are now larger then futures by open interest. x
The growth of IBIT options is the least discussed, but most significant markets structure shift for Bitcoin since the ETFs themselves.
Not only did IBIT surpass Deribit, but Options are now larger then futures by open interest. x
โ๏ธ๐น New York State Senator proposes tax on energy use for cryptocurrency mining. #mining #regulation cointelegraph
๐ค #MORPHO #CRO Cryptocom integrates Morpho lending, generating revenue from stablecoins. cointelegraph
๐ฐ #ETH CEO of ETHZilla said they plan to work with L2 protocols to get higher yields than steaking. cointelegraph
๐ค #AI Near Foundation is developing AI-powered "delegates" who will eventually vote on behalf of DAO members, seeking to address low voter engagement. cointelegraph
๐ #BTC Michael Saylor: Strategy's journey started with $0.25 billion in BTC and immediately with an unrealized loss of $0.04 billion. Today we closed at a new all-time high: $77.4 billion in BTC NAV.
๐ธ #BTC Over the last 24 hours, ~$377 million worth of contracts have been liquidated, of which longs have liquidated ~$133 million and shorts ~$244 million.
๐๐ค #BTC Since the beginning of the year, the trading volume of Bitcoin futures on CEX exchanges has decreased by half.
๐ฝ Wall Streetโs next crypto play might not be altcoins โ but IPO-ready crypto firms
Matrixport notes a shift in capital from early-stage bets to scalable, late-stage projects preparing for public markets. Up to $226B in crypto IPOs are waiting in the pipeline, potentially unlocking $30โ45B in new capital inflows.
Meanwhile, #BTC continues to outperform altcoins, reinforcing a winner-takes-all dynamic as institutional money concentrates on established players.
Matrixport notes a shift in capital from early-stage bets to scalable, late-stage projects preparing for public markets. Up to $226B in crypto IPOs are waiting in the pipeline, potentially unlocking $30โ45B in new capital inflows.
Meanwhile, #BTC continues to outperform altcoins, reinforcing a winner-takes-all dynamic as institutional money concentrates on established players.
๐ #BTC Glassnode: changes in the index are observed. Medium-sized BTC holders are actively accumulating assets, the distribution of "whales" has slowed, and smaller holders remain neutral. This indicates the emergence of new structural demand despite continued selling by large holders.
๐ฏ๐ต Nomura-owned Laser Digital plans to apply for a cryptocurrency license in Japan. coindesk.com