- Options Data: 118,000 BTC
and 1.11 million ETH options set to expire, revealing market sentiment.
- Valkyrie’s ETF Update: Approval granted for increased exposure to Ethereum futures.
- SEC’s Bitcoin ETF Review: Additional proceedings announced, prolonging the approval process.
- DFINITY’s Grant Fund: Launch of ICP Asia Alliance and $20 million grant fund for blockchain and AI development.
- Ethereum ACDE 171: Highlights include Dencun devnets, audits, private ETH transfers, and EIP-6780 spec changes.
- PayPal’s Patents: Recent patent applications related to off-chain transactions, digital asset recommendations, and online transaction processing.
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Here are the latest developments in the crypto space, covering options data, ETF updates, regulatory news, grant funds, Ethereum upgrades, and PayPal’s patent applications:
Options Expiry Reveals Market Sentiment
The options market is abuzz as 118,000 BTC and 1.11 million ETH options are set to expire. With a Put Call Ratio of 0.58 for BTC and 0.46 for ETH, the market sentiment is under scrutiny. BTC options point to a max pain point of $26,500 with a notional value of $3.2 billion, while ETH options suggest a max pain point of $1650 with a notional value of $1.8 billion. Notably, Q3 is traditionally a less active period, and the share of Put positions is significantly lower.
Valkyrie’s ETF Update
Valkyrie’s application to enhance its Bitcoin futures ETF with exposure to Ethereum futures contracts has been approved. This change will officially take effect on October 3, with the fund’s name updated to Valkyrie Bitcoin and Ether Strategy ETF, retaining the ticker BTF.
SEC’s Bitcoin ETF Review Continues
The SEC is adding further proceedings to assess applications for spot Bitcoin ETFs proposed by BlackRock, Invesco, Valkyrie, and Bitwise. This development prolongs the ongoing review process, keeping the crypto community eagerly awaiting the regulator’s decisions.
DFINITY’s Grant Fund and Alliance
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The DFINITY Foundation has launched the ICP Asia Alliance along with a $20 million grant fund to foster growth in blockchain and artificial intelligence development across Asia. This initiative aims to bring together various stakeholders, including government organizations, investors, tech entrepreneurs, universities, developers, and community members.
Ethereum ACDE 171: Upgrades and Changes
Ethereum ACDE 171 brings a series of updates, including Dencun devnets, 4788 audits, Holesky’s launch, a new private ETH transfer proposal, and alterations to the EIP-6780 spec. Notably, EIP-7503 introduces a scheme for private transfers through the burning and reminting of ETH.
PayPal’s Patent Applications
PayPal has been active in the patent space, with three recent applications. These cover off-chain transactions within the NFT market, omniverse recommendations for digital assets, and an online transaction processor facilitating payments between Layer 1 and Layer 2 solutions.
These developments highlight the dynamic nature of the crypto industry, from market sentiment revealed through options data to regulatory decisions and technological advancements. Stay tuned for further updates in this ever-evolving space.