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The Ripple vs. SEC lawsuit is one of the biggest and most intense battles in the history of the crypto market, keeping investors, regulators, and service providers on the edge of their seats. Beginning with a courtroom clash to doubts over Ripple’s functioning and the credibility of the crypto industry, this XRP lawsuit did major
The post Ripple’s 4-Year Lawsuit Battle with the SEC Ends: Timeline, Turning Points, and the Final Verdict appeared first on CoinGape.
Crypto options expiry this week concerns over $3.5 billion in notional value. The high volume of expiring options is expected to create short-term volatility in the market.
These expiring options coincide with rising global uncertainty amid geopolitical tensions, so traders and investors should prepare for the impact.
With over $3.5 billion worth of Bitcoin and Ethereum options expiring today, data on Deribit shows BTC contracts account for most of it. Today, 27,959 Bitcoin option contracts will expire, sending up to $2.9 billion in notional value down the drain.
The maximum pain level is $106,500, slightly above Bitcoin’s price as of press time. Option traders will experience the most losses at this level.
Meanwhile, these expiring Bitcoin contracts have a put-to-call ratio of 0.91, highlighting the prevalence of Call (purchase) options rather than Put (sale) options. This means traders are leaning bullish rather than bearish.
At the same time, 246,849 Ethereum contracts will expire today, accounting for $617.6 million in notional value.
According to data on Deribit, these expiring options have a put-to-call ratio of 1.14. The maximum pain level or strike price is $2,650. Notably, Ethereum’s put-to-call ratio is above 1, showing a prevalence of Put (sale) options rather than Call (purchase) options.
Ethereum’s put and call options distribution suggests a market tilt toward protecting against ETH price drops, based on the higher put-call ratio of 1.14.
As of this writing, Bitcoin was trading for $104,342, well below its strike price of $106,500. In the same way, Ethereum was also trading below its maximum pain level of $2,650. ETH was exchanging hands for $2,515 as of press time.
According to the Max Pain theory in crypto options trading, as options near their expiration, the underlying asset’s price tends to gravitate toward the strike price. Here, the greatest number of options (calls and puts) would expire worthless, causing maximum financial loss (or “pain”) to option holders.
This theory hinges on the assumption that market makers or large institutional players (smart money), often on the other side of options trades, may influence the underlying asset’s price through trading or hedging activities. Their actions push prices toward the max pain points.
It happens as market makers profit when options expire worthless, as they collect the premiums without paying out.
Greeks.live analysts highlight bearish dominance, as seen with multiple traders shifting to buy puts for protection. Deribit notes that ETH upside flows are heading into expiry.
“ETH upside flows are strong heading into expiry. Will traders keep chasing it after Friday, or is this where it cools off?” Deribit posed.
This contrasts with Ethereum’s max pain point, indicating potential volatility given that option expiries often trigger price swings as traders adjust positions. This is especially true when flows defy max pain expectations.
“The group appears divided on market direction, with bears dominating the conversation as multiple traders have shifted to buying puts for protection,” analysts at Greeks.live wrote, highlighting market sentiment.
Analysts at Greeks.live attempt to explain the Put protection strategy, which is displayed among traders who are hedging for downside risk.
According to the analysts, traders are buying put spreads and protective puts, positioning themselves strategically after months of bullish sentiment.
High volatility environment is creating attractive opportunities for put protection, with traders anticipating two standard deviation events and significant price wicks from unexpected news catalysts,” they added.
Catalysts in this regard include US-China trade deals, recent economic indicators such as US CPI inflation data, and developments in the Israel-Iran war.
According to JPMorgan, escalations in the Middle East could derail the Fed’s push to a 2% inflation target.
The post Over $3.5 Billion Crypto Options Expire Today Amid Strong Ethereum Upside Flows appeared first on BeInCrypto.
The post 21Shares Files for Two Crypto Fund ETFs With the U.S.SEC: Details appeared first on Coinpedia Fintech News
21Shares, a veteran crypto investment company with more than $11 billion in assets under management (AUM), has announced a strategic partnership with Teucrium, an asset management company focused on commodity and futures ETFs. Through the strategic partnership, 21Shares announced that it has filed two Funds – the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF – with the United States Securities and Exchange Commission (SEC).
The 21Shares FTSE Crypto 10 Index ETF intends to track a market-cap-weighted index of the top ten largest crypto assets globally. On the other hand, the 21Shares FTSE Crypto 10 ex-BTC Index ETF tracks a separate FTSE Russell index that excludes Bitcoin.
“Investors are increasingly looking for diversified and easy-to-access ways to participate in the long-term growth of digital assets, and 21Shares aims to provide ETF structures to satisfy this demand, subject to regulatory approval,” Federico Brokate, Head of U.S. Business at 21Shares, noted.
The two crypto funds by 21Shares tap into tested regulations for securities and tokenization in the United States. For instance, the two funds will be structured under the 1940 Act funds, and offer investors a more familiar taxation.
“The methodology and structure behind our digital asset pricing and indices were developed to give investors strategic allocation tools”, said Kristen Mierzwa, Head of Digital Assets at FTSE Russell.
The tokenization of crypto assets, which is under the jurisdiction of the SEC, will play a crucial role in the mainstream adoption of digital assets by institutional investors. Already, President Donald Trump has signed into law the GENIUS Act after a majority supported it in the Senate and the House of Representatives.
The post 21Shares Files for Two Crypto Fund ETFs With the U.S.SEC: Details appeared first on Coinpedia Fintech News
21Shares, a veteran crypto investment company with more than $11 billion in assets under management (AUM), has announced a strategic partnership with Teucrium, an asset management company focused on commodity and futures ETFs. Through the strategic partnership, 21Shares announced that it has filed two Funds – the 21Shares FTSE Crypto 10 Index ETF and the …
The post Can Pakistan’s Bitcoin Mining Move Impact BTC Price? Experts Doubt It appeared first on Coinpedia Fintech News
This week Pakistan’s recent announcement to allocate 2,000 megawatts of electricity for Bitcoin mining was a remarkable move. Later this week they also said that Pakistan has plans to establish a government-led Bitcoin Strategic Reserve, this update joined amid ongoing political tensions, financial distress, and border issues.
While a normal impression might be optimistic, compared with countries like El Salvador, but it’s not very optimistic. While this initiative signals a potential policy shift in the country, but its direct and immediate impact on the Bitcoin price is anticipated to be very minimal, largely due to a confluence of significant domestic challenges and international scrutiny.
Adding to the challenges, the IMF has questioned Pakistan and raised red flags about the move. Keep reading to know more.
The ambitious mining plan of Pakistan faces tremendous economic viability issues, and power generation is less of an issue than its per kWh charges. The country has commercial electricity rates which are hovering somewhere around $0.20- $0.22/kWh, and are considerably higher than those in competitive mining hubs like Iran, Kuwait and other countries.
Moreover, an electrical engineer based in Pakistan highlighted that even with a proposed subsidized tariff of $0.09/kWh, the cost remains barely competitive for large-scale operations compared to other countries in the global Bitcoin mining.
The pricing was a major issue, but beyond pricing, the nation’s power infrastructure presents further obstacles. As Pakistan’s grid suffers from inconsistent service, distribution and transmission losses. These are major risks for energy-intensive mining facilities.
Adding to these internal challenges, the International Monetary Fund (IMF) has added red flags and asked several questions, as they said this announcement was done without IMF consultation.
They voiced serious concerns regarding Pakistan’s plan like the rationale behind allocating such a substantial amount of electricity, especially given the country’s ongoing chronic energy shortages and declining countries fiscal conditions.
Moreover, this external oversight clearly indicates the complexities involved in moving from a conceptual plan to a fully operational one. This creates an uncertain situation for Pakistan’s dreams related to Bitcoin crypto’s.
While the move was strategic or chaotic still remains a question. But, if in case it does establish a Bitcoin mining facility in Pakistan. It wouldn’t send the BTC price to hit mars or jupiter, from one financially weakend country’s action.
Its effort could incrementally contribute to the network’s security and global demand for Bitcoin in the long run, but no major outcome seems likely in the future.
Moreover, the current viability challenges and the critical intervention from the foreign organization clearly hints that its direct influence on global Bitcoin price will likely remain limited in the short to medium term, only if they successfully set up their plan in motion.
However, the long-run outlook totally depends on the broader market forces, global adoption trends, and major regulatory developments. These are the combined factors that are expected to continue to be the primary drivers of the future Bitcoin price movements.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Can Pakistan’s Bitcoin Mining Move Impact BTC Price? Experts Doubt It appeared first on Coinpedia Fintech News
Story Highlights Pakistan plans to allocate 2,000 MW for Bitcoin mining and create a national Bitcoin reserve amid political and economic instability. IMF raises concerns over the project’s viability and energy use, questioning its feasibility amid Pakistan’s high energy costs and weak grid. This week Pakistan’s recent announcement to allocate 2,000 megawatts of electricity for …