Deep OTM calls are cheaper than those at strikes closer to and below the going market rate. Thus, outright purchases of deep OTM calls are often considered analogous to lottery tickets. The loss is limited to the extent of the premium paid to purchase the option, but, in theory, profit can be huge if the market exceeds the strike price before expiry. Source
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Industry observers believe DeeStream (DST) could rally ahead of Bitcoin (BTC) halving in April. Cardano (ADA) and Dogecoin (DOGE) holders are currently looking at the ongoing DST presale. Here’s why. Can Dogecoin stay above $0.09? Dogecoin has broken past $0.09 as of this writing, and the bulls are trying to hold the advantage over the bears. Bulls…
The systemic-risk watchdog’s most recent mention of virtual assets came in its annual report last month, which again highlighted crypto as a potential emerging hazard to the health of U.S. finance. The regulators are especially concerned over stablecoins, the tokens matched to the value of steady assets such as the U.S. dollar, which are generally used as a means to buy and sell volatile digital assets. On the surface, the council’s calls for crypto legislation seem supportive of lawmakers’ aims. But the report again added a kind of warning. “The…
CoinShares International Limited announced the acquisition of Valkyrie Funds. A press release dated Jan. 12 stated that CoinShares has acquired Valkyrie Funds, a digital asset management investment company in the United States. The statement said the purchase decision is contingent on the U.S. Securities and Exchange Commission’s (SEC) approval of Valkyrie’s spot Bitcoin (BTC) ETF. Upon completion of the acquisition, CoinShares‘ existing assets under management (AUM), currently $4.5 billion, is expected to increase by approximately $110 million. However, the deal is now pending completion of satisfactory due diligence, completion of…
There’s been a noticeable uptick in trading cryptocurrency options and futures since Christmas, primarily driven by traditional financial institutions. This increase is largely in anticipation of a key decision by U.S. regulatory authorities regarding the approval or disapproval of exchange-traded funds (ETFs) focused on direct investments in Bitcoin. As reported by Bloomberg, recent data indicates that Bitcoin options trading has reached unprecedented levels. Deribit, a leading platform in the crypto-options sphere, is on the brink of experiencing its largest quarterly expiry of options this Friday. The expiring options, valued at…
According to a Dec. 20 post from Greeks.live, a trading tools solution provider to crypto options traders, bullish sentiment is evident in the Bitcoin market. The report states that while the market has been relatively quiet today, Bitcoin (BTC) has seen upward movements in all major terms, implying volatility (IV). Also stated in the post on X, Ethereum (ETH) has experienced a shift in trend, marked by a block trade involving the purchase of over $100 million worth of puts earlier in the day. Even amid the recent rally, the…
Ethereum has its own roadmap for handling data, including an initial step known as “proto-danksharding,” but developers of the blockchain have been slow to realize the plan, and in the meantime several independent networks like Celestia, EigenLayer’s EigenDA, Avail and even the rival layer-1 blockchain NEAR have sprung up to provide their own data-availability solutions. Source
While Amazon did not provide the actual reason for not supporting Venmo as a payment option, the notable rise of web3 payment platforms could be a major factor. In October last year, Amazon.com Inc (NASDAQ: AMZN) announced that it would begin to offer Venmo, a product of PayPal Holdings Inc (NASDAQ: PYPL), as a new payment option to boost its orders on the mobile app and Amazon.com site during the festival season. Initially, Amazon announced only its US-based customers would shop with the Venmo payment option. A year later, Amazon…
Whether transferring money to family abroad or tipping a tour guide on vacation, Coinbase Wallet lets users easily create a personalized link for any payment amount. Cryptocurrency platform Coinbase aims to make sending money worldwide easier, faster, and more affordable through newly added features. Users can now instantly send funds globally by simply creating a shareable payment link to distribute via messaging apps, social media, or email. The new feature removes the need to exchange complicated bank details or wait through sluggish traditional wire transfers. With a few taps, people…
Data shared by market analyst Chang shows that early Wednesday, market participants traded 550 contracts of BTC $45,000 strike call option expiring in March 2024 on Deribit. Buyers, expecting a continued price rally in bitcoin in the coming months, paid a cumulative premium of $1.5 million for the bullish bets. On Deribit, one options contract represents one BTC. Source