“The milestone has been achieved with nearly double the number of outstanding contracts, representing not just a substantial triumph for Deribit, but also a clear indicator of the broader market growth and the escalating interest in options among our clients,” Luuk Strijers, chief commercial officer at Deribit, told CoinDesk. Deribit controls 90% of the global crypto options activity. Source
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks. Source
Bitcoin’s [BTC] market share of all cryptocurrencies rose to a fresh 30-month high Wednesday as BTC continues to beat most altcoins or alternative cryptocurrencies. Source
Ethereum’s native token, Ether (ETH), is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot Bitcoin ETF approval in the U.S. On Oct. 25, ETH’s price stabilized around $1,800, a psychological resistance level, after rallying nearly 9% this week. The cryptocurrency’s upside moves accompanied a rise in daily trading volumes, indicating strong interest in Ether from buyers. ETH/USD daily price chart. Source: TradingView Let’s look close at the factors that have driven the price of ETH up in the past few days.…
These funds seemed to be sent to wallets of crypto exchange Binance as per Nansen data, where they presumably could be sold. Source
Developer @punk3700 previously told CoinDesk that bitcoin’s usage in DeFi applications has so far been limited to tokenized representations of bitcoin on other chains, such as Ethereum or Solana, but that the New Bitcoin City believed a gap remained for wealthy bitcoin holders to use their assets on interactive applications. Source
Investors, meanwhile, have flocked to Solana-focused funds, asset manager CoinShares reported, with $24 million of net inflows last week. It was the largest weekly influx since March 2022, as SOL continued to “assert itself as the altcoin of choice,” CoinShares head of research James Butterfill said. Source
All major tokens reversed losses from the past week, bitcoin jumped above $30,000, and ether (ETH) crossed the $1,600 mark on Friday. XRP gained 7.2% after a key court decision favoring payments firm Ripple helped improve sentiment. Meanwhile, Solana’s SOL rose 12%, extending its weekly gains to over 25%. Original
The Methodic CoinDesk ETH Staking Fund offers institutional exposure to spot ETH price and staking yields. Source
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021. Original