Cryptocurrency

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, captures the pulse of underlying currents of BTC options in its latest crypto derivatives report. The in-depth report offers a comprehensive view of BTC’s implied price volatility beneath the recent price surge in BTC spot prices on the surface. The findings suggest the positive movements in BTC spot places did not translate directly to the derivatives market, and short-term volatility lurks as investors are now holding out for the U.S. election results before acting on the current bullish trends. It also showed BTC’s dominance over ETH in traders’ positioning.Key Insights:Futures movements lag behind Perps: The modest increase in futures open interest has not matched the recent notable bullish movements of BTC spot prices, and the market has yet to see the levels prior to the option expiration in late Sep.Perps ride the bull run: By contract, perpetual swap open interest has been on the rise reaching a new high in months. Spikes in trading activities and increased participation in perpetual contracts mirrored the optimism in the recent rally. Election suspense in BTC Options Volatility: The relative stability of short-term options does not signal significant price chances for BTC in the near term, but tension tied to the uncertainty of the U.S. election could trigger movements post-result, which has shown a bigger effect on BTC volatility than the recent surge in spot prices.Access the Full Report:To read the full report in context here for a deep dive into the latest crypto derivatives trading trends and signals. #Bybit / #TheCryptoArk /#BybitResearchAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Scroll, the leading zero-knowledge rollup for Ethereum, announced the launch of its native token, $SCR today. With the introduction of $SCR, Scroll recognizes its global community of contributors for their ongoing support and aims to provide everyone, everywhere with opportunities to participate in the decentralized future of Scroll. $SCR will be distributed to Scroll contributors through thoughtfully designed allocations to maximize impact in creating opportunities for a decentralized global community. Initial distribution of $SCR will include an airdrop to participants who contributed to onchain activities, projects that have built on Scroll, industry contributors (such as technical contributors, zero-knowledge researchers, open-source developers, public goods organizations, and educational data providers) as well as broader global community organizers, hackathon winners, Road to DevCon and Ethereum translators. The design of this first airdrop recognizes the importance of Scroll contributors’ participation, involvement, and community support. In addition, Scroll will be introducing the next generation of reward programs, to generate new ways of fostering innovation and elevating support for the Scroll community. Scroll Open, a new program designed to reward the most innovative, creative, and fast-growing builders on Scroll will provide retro grants with a potential allocation size of US$100 million. Using advanced zero-knowledge technology, Scroll has the fastest finality among all rollups, making it a cornerstone of the platform’s security and interoperability. This innovation transforms finality from a mere technical milestone into a vital feature that will drive the resilience of the entire network, further enhancing the utility of $SCR within the ecosystem.Scroll is the leading zero-knowledge rollup. Leveraging fast finality and high throughput, Scroll is creating a more accessible, and secure onchain future for everyone. Our mission is to provide an easy-to-use, developer-friendly environment to scale Ethereum for good. Scroll empowers builders to ascend beyond today’s limitations and drive real-world impact. For more information, users can visit scroll.io.ContactHead of CommunicationsRyan DennisScrollpress@scroll.ioThis article was originally published on Chainwire More

As of right now, XRP’s technical outlook is not good. The 200 EMA is currently a strong resistance barrier and has been the asset’s biggest obstacle to breaking above important levels on multiple occasions. XRP is unlikely to enter a more sustained recovery unless it breaks above this important moving average.card The declining volume pattern, which indicates waning interest from traders and investors, highlights XRP’s poor performance even more. Furthermore, the general sentiment of the market has not been in favor of XRP, as other top 10 assets have demonstrated signs of recovery or growth while XRP has lagged behind.The potential for XRP to break through the 200 EMA is its only chance. If this level is successfully pushed up, buying interest may increase, and the asset may begin a much-needed reversal. Until that occurs, though, XRP is still vulnerable to additional drops, with support levels at $0.50 and below offering some temporary stability.This upward trend is crucial because it seems that Bitcoin is now well-positioned to reach new heights, with $70,000 serving as the next major psychological barrier. Bitcoin might target $75,000 if the bullish trend continues. At that price, more traders and institutional investors might enter the market, which could push prices even higher. Looking beyond that, many investors’ ultimate objective is to see Bitcoin reach its highest point ever, which was close to $69,000 in 2021. The market has been cautious, but if Bitcoin keeps up its momentum and holds above important support zones, this breakout might rekindle hopes of hitting those levels. The closest immediate support is $65,900, and Bitcoin would have a stronger case for more bullish movement if it could hold above this level.Bitcoin’s breakout has, all things considered, given the market much-needed optimism. If the volume keeps increasing, we may witness a further push toward higher price targets, with the possibility that it will surpass its prior all-time highs and set new records in the months to come. The market’s spirit and SOL’s capacity to maintain above the important moving averages, such as the 50, 100 and 200 EMAs, are supporting the current uptrend. In the short term, though, there are certain worries that might limit the upside. Notably, SOL tokens valued at $88 million are about to be unlocked in the next few days. Increased selling pressure brought on by this infusion of liquidity onto the market may cause Solana’s remarkable ascent to stall or slow.The market’s response to this event and its timing will be critical factors in determining SOL’s short-term performance. On the plus side, the $180 mark becomes the next psychological barrier that bulls must overcome if Solana can maintain its momentum and withstand any possible selling pressure from the unlocking event. If the market’s bullish sentiment and high volume persist, $200 is a significant target that may become reachable. The $150 and $140 levels, which have historically served as support, will be used by traders as a safeguard against the downside. In spite of possible obstacles, Solana’s ability to maintain above these levels would indicate that the upward trend is still strong.This article was originally published on U.Today More

The new hub, located in Expo City Dubai, will play a pivotal role in Sui’s mission to build a global network of Sui workspaces and community centers that empower builders to create decentralized applications and advance blockchain technology. Specifically, SuiHub Dubai will provide Web3 startup founders access to workshops, technical support, and community-driven events, as well as resources, funding, and technical expertise, ensuring they have the support needed to launch and scale their projects using Sui’s blockchain infrastructure. The hub is expected to further cement Sui’s role as a leading platform for Web3 development in the MENA region, particularly as Dubai continues its rapid adoption of blockchain technologies. With this launch, Sui reaffirms its commitment to building a decentralized, builder-led ecosystem that supports developers across multiple regions. More hubs are expected to be announced in the near future, each designed to provide localized support and resources for blockchain developers building on the Sui platform.ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

ApeExpress has officially launched on ApeChain, offering a streamlined platform for users to create and deploy tokens quickly, tapping into meme culture and emerging trends. This new service allows anyone to launch tokens with ease, enhancing accessibility within the Yuga Labs ecosystem.$BORED Among Top Tokens Launched on ApeExpressOne of the first tokens to debut on ApeExpress, $BORED has gained significant traction. Initially priced at $0.002, $BORED experienced rapid growth, reaching an all-time high of $0.023—an increase of over 1000%. Following this surge, $BORED attained a market cap of $22 million, later stabilizing at $14 million, positioning it as one of the leading meme tokens on ApeChain.$BORED’s success is driven by its native fit to the ApeChain narrative, drawing inspiration from the Bored Ape Yacht Club (BAYC) NFT project. With strong community backing and strategic positioning, $BORED has the potential to become a central meme token within the ApeChain ecosystem.Outlook for $BORED and ApeChain’s Meme Token EcosystemWhile $BORED’s initial rise has been notable, its future performance remains uncertain, as with all digital assets. Its early success highlights the potential for meme tokens on ApeChain, driven by strong branding, community engagement, and market interest.For ongoing updates and community interaction, users can follow @boredonape on X or buy $BORED here.About $BORED$BORED is the premier meme coin on ApeChain, inspired by the iconic Bored Ape Yacht Club (BAYC) and designed to capture the fun, irreverence, and community spirit of the digital age. Launched on ApeExpress, $BORED combines the power of memes with the scalability and speed of ApeChain, creating a token that is as easy to trade as it is to enjoy. About ApeExpressApeExpress is a newly launched platform within the ApeChain ecosystem that allows users to quickly create and launch custom tokens. ApeChain is part of the Yuga Labs ecosystem, which is widely recognized for its influence in the NFT and Web3 space, particularly through projects like the Bored Ape Yacht Club.ContactBOREDpr@boredonape.comThis article was originally published on Chainwire More

This article was originally published on U.Today More

After a prolonged decline since March, when BTC hit its current high, a dynamic resistance line was broken just five days ago, sending the major cryptocurrency’s price down more than 5.4% over the next five days. Bitcoin has never been closer to a new high in these many months than at this moment. Impressive? Yes, but not to Peter Schiff. The renowned financial expert, banker and cryptocurrency critic eloquently described the event as “meaningless.” It is meaningless, in Schiff’s opinion, in contrast to gold, which the banker is an active proponent of, currently hitting a new high of $2,740 an ounce. In the opinion of a banker whose Euro Pacific Bank has been frozen by the government of Puerto Rico, the fact that gold’s rise to new heights is being completely ignored by the mainstream media, in contrast to the price action of Bitcoin, is unfair, to say the least.Interestingly, while Peter Schiff is once again hailing the superiority of gold over the major cryptocurrencies, another well-known figure in financial circles, Peter Brandt, is predicting a rise of more than 400% in BTC quotes against gold. However, according to the trader, this does not mean that gold will fall, and on the contrary, he also reveals that in addition to being long on Bitcoin, he is also long on precious metal futures.This article was originally published on U.Today More

According to the data, crypto investment products saw $2.2 billion in inflows over the past seven days, the highest since July. Interestingly, the inflows are only seen regionally in the U.S., while all other countries are seeing outflows. CoinShares analyst James Butterfill attributes this to the upcoming U.S. political events in November, which are also affecting inflows into cryptocurrency-focused investment products. Of course, the main cryptocurrency, Bitcoin, with its many variants, is dominating the festivities, taking 97% of the billions in inflows. At the same time, however, ETFs centered on XRP have also seen inflows, and despite the comparatively smaller figure, it is significant that inflows into them have been steady for many weeks now, meaning that the trend is continuing and money is flowing into XRP. As a result, $26 million has already flowed into XRP ETPs since the beginning of the year, and some of the major players in the ETP market have started talking about launching an XRP ETF. Bitwise has applied for regulatory approval for such an instrument, suggesting that while there is demand for XRP ETFs, supply is very limited, and there is an urgent need to create them.How this story plays out remains to be seen, but given the trends that the latest report shows, it would not be surprising to see the XRP ETF soon join Bitcoin and Ethereum in the crypto investment arena.This article was originally published on U.Today More