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Pre-ETF Ether Options Trend Mirrors BTC Except for One Key Difference
The much-anticipated U.S. exchange-traded funds (ETF) that directly invest in ether {{ETH}} are expected to begin trading in mid-July. Ahead of the debut, trends in the ether options market on Deribit closely mirror the sentiment in bitcoin {{BTC}} options in the lead-up to the BTC ETFs six months ago, except for one key difference that may be pivotal to traders. At press time, ether's 30-day options skew, which measures what traders are willing to pay for an asymmetric payout in the upward or downward direction, held around 3%, according to Amberdata. The positive value indicated a willingness to pay relatively more for call options, offering buyers an asymmetric payout in the upward direction over the next four weeks. A call gives the holder the right to buy an underlying asset at a preset price within a specific time frame and represents a bullish bet. A put represents a bearish bet.
DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped
Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General (NYAG) Letitia James’ civil fraud suit against them.
Decentralized Science: A Better Way to Fund and Grow Breakthrough Ideas
Imagine if the next blockbuster medication could be funded through a decentralized, transparent process? This would not only democratize the funding of critical research, but also ensure that rewards and recognition are fairly distributed among all contributors, says Azeem Khan.
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