Max Pain—Largest Bitcoin Options Expiry in History to Conclude a Volatile Year

Bitcoin (BTC) is fluctuating wildly between $92,500 to $94,000 range over the few hours, touching $92,800 earlier this morning, ahead of the largest bitcoin options expiry in history. Scheduled for this Friday, $14 billion in bitcoin options open interest (OI) is set to expire. $14 Billion BTC Options Expiry Looms: A Game-Changer for 2024? In … Read more

Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

Blackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. … Read more

Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option

Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates daily yield. The assets are secured in a segregated account at … Read more