Crypto Options Liquidity Provider OrBit Markets Offers Bitcoin and Gold-Hybrid Derivative
The company said the product’s finalized payoff depends on the joint performance of both BTC and its gold-backed token XAUT.Source
First Mover Asia: Binance Congestion Chaos Weighs Heavy on Bitcoin
ALSO: A crypto market analyst calls bitcoin’s travails of the past two days “growing pains,” and says the largest crypto by market cap “will be fine in the long run.”Source
Bitcoin’s ‘BRC-20’ Explosion Sends Users Scrambling for Options, Including Lightning
The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America.Source
Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in Years
Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC.Source
Meme Coin Trading Volume Surges to Two-Year High, Signals Caution for Bitcoin Bulls
Speculative mania in meme coins has historically presaged bearish reversals in bitcoin.Source
South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report
Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits.Source
Crypto Options Exchange Deribit’s Ether Volatility Index Hits Record Low
Deribit’s forward-looking ether volatility index (ETH DVOL) hit lifetime lows over the weekend. Expectations for price turbulence appear underpriced considering the lingering macroeconomic uncertainties.Source
Aave DAO Passes Proposal to Deploy on Ethereum Layer 2 Metis Network
The move could bolster market liquidity for the burgeoning Metis ecosystem, community members say.Source
Pepecoin Drops Nearly 50% From Highs as Traders Likely Taking Profits for Ether
Some holders have turned pocket change into fortunes after getting into the very early stages of pepe.Source
Binance Resumes Bitcoin Withdrawals After Second Pause, Says It’s Adjusting Fees and Integrating Lightning Network
The second pause comes less than eight hours after its first pause as the crypto exchange grapples with unprecedented Bitcoin network congestion.Source