With the physical trading card market at all-time highs, crypto natives are piling into CARDS, the token of Collector Crypt. CARDS is up 286% over the last 24 hours, and up more than 10x since yesterday to a $450 million fully diluted valuation. The token initially struggled after its release on Aug. 30, but began to garner attention yesterday after notable investors and traders began to promote the platform.
- 0 replies
- 0 recasts
- 0 reactions
Fear vs. Conviction: Skew Rises, But Whales Are Buying the Dip The 25-Delta options implied volatility skew is a key indicator of how the market weighs downside risk versus upside potential. It reflects the difference in implied volatility between out-of-the-money Puts and Calls. We're seeing the 1-month and 3-month skews continue to climb, signaling increased demand for short-term downside protection in the options market. In other words, traders remain generally bearish on BTC price action (see Chart 1).
- 0 replies
- 0 recasts
- 0 reactions
FunctionBTC is a decentralized protocol that transfers and manages Bitcoin (BTC) across multiple Blockchains, providing liquidation, security, and profitability for BTC assets. The project uses advanced security technologies such as MPC and TSS, allowing users to convert BTC into FBTC to participate in DeFi, expanding the utility and optimizing the value of the world's number one cryptocurrency.
- 0 replies
- 0 recasts
- 0 reactions