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King Vinox

@kingvinox

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News from TechFlow in Shenzhen, macro researcher Adam from Greeks.live posted an analysis on social media X (formerly Twitter), pointing out that September 11th will be a day worth watching for trading. At 9:00 in the morning on that day, Trump and Harris will have a news debate; and at 8:30 in the evening, the US will release CPI data for August. These important events have pushed up the implied volatility (IV) of 'end date options' (options in extreme scenarios) for cryptocurrencies. Adam noted that last week, the IV of Bitcoin (BTC) end date options was generally around 50%, and it has now risen to about 65%. Ethereum (ETH) has also shown a similar trend. Considering the Fed will announce its interest rate decision in a week, this week's IV should have support, and buyers may choose to bet on the current week or the following week.
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Bitlayer Labs, a Bitcoin Layer 2 network developer, has raised $11 million in a Series A funding round at a $300 million valuation. The round was co-led by Franklin Templeton Digital Assets and ABCDE, a crypto venture capital firm. Other investors included Framework Ventures, WAGMI Ventures, GSR Ventures, Flow Traders, and FalconX. Angel investors also joined the round. The funding will help Bitlayer Labs continue developing its Bitcoin Layer 2 network, which is based on the Bitcoin Virtual Machine system and claims to have over 200 projects in its ecosystem. Bitlayer plans to launch the testnet of its mainnet V2 soon, which will include the world's first Bitcoin verification capability solution. The company also plans to launch its own governance token, BTR, for staking and governance participation.
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