NFT News by Thebittimes.Com

The Bitcoin Implied Volatility Index has fallen to its lowest levels since the crypto options exchange launched the tracker in early 2021. Crypto options exchange Deribit's future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reached its lowest level in two years, indicating a possible lack of price turbulence for Bitcoin in the near future.  On July 24, crypto derivatives analytics platform Greeks Live noted that the volatility index for both Bitcoin and Ether (ETH) has fallen to a multi-year low of 37%. Furthermore, the current implied volatility level has fallen to the lowest level in crypto's history according to the DVOL algorithm, it added. The Dvol (Volatility Index) for BTC and ETH fell to 37%, the lowest level in history since two years ago, and the current Implied Volatility level, as projected by Dvol's algorithm, has fallen to the lowest level in crypto's history. Continued low liquidity has severely depre...

Arbitrum is making moves to become the hub of decentralized derivatives trading and DeFi activity within the layer-2 space. The total value locked (TVL) in DeFi applications on the Arbitrum, a layer-2 Ethereum network blockchain, has doubled since the start of 2023. While investors’ hope of an ARBI token airdrop is a major factor attracting activity to the Ethereum layer-1 network, the ecosystem’s DeFi growth is also showing robust growth.  Arbitrum has become a major hub for decentralized derivatives trading and offers high yields for crypto yield hunters, reminiscent of wild west DeFi days of 2020. GMX and Gains Network takeover decentralized derivatives trading GMX is the leading DApp on Aribitrum, which comprises 25% of the network’s total TVL. The perpetual swap trading platform pits traders and liquidity providers against one another. The liquidity providers own GLP tokens, an index of cryptocurrencies and stablecoins that act as trader counterparties. Meanwhile, stakers of GMX ...

Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days.  Traders are clearly uncomfortable with the current price action and the confirmation of BlockFi's demise on Nov. 28 was not helpful for any potential Bitcoin price recovery. The cryptocurrency lending platform filed for Chapter 11 bankruptcy in the United States a couple of weeks after the firm halted withdrawals. In a statement sent to Cointelegraph, Ripple's APAC policy lead Rahul Advani said he expects the FTX exchange bankruptcy to lead to greater scrutiny on crypto regulations." Following the event, several global regulators pledged to focus on developing greater crypto regulation. Unfortunately, there is no way to know when investors' sentiment will improve and trigge...

Just a day back, Bitcoin mining difficulty surpassed the 35.61 trillion mark to create a new record high. The said incline was, notably, the largest spike since 13 May 2021. Parallelly, the previous week, the mining hashrate also crossed 300 EH/s to create a new ATH. Read More: Bitcoin mining difficulty attains new ATH: Largest spike since May 2021 A New Bitcoin mining product is in town Now, according to reports, crypto-mining services firm Luxor Technologies has started offering a first-of-its-kind product that will aid institutional investors, hedge funds, etc. to bet on Bitcoin miners’ revenue. The derivative offering—Luxor Hashprice NDF—will provide direct exposure to revenue, shielding it from other variables like operational costs. As such, the revenue earned per Exahash by Bitcoin miners has been in a persistent and long-term downtrend. In fact, the BTC-denominated reward has been hovering around its all-time low of 4.06 BTC per EH per day. ...