Author: CryptoCurrencyNews

DUBAI, UAE, Nov. 8, 2024 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, today released its latest post-election crypto derivatives analytics report. The report dives deep into the market behavior following the conclusion of the 2024 U.S. election, revealing a clear shift towards renewed bullishness and a strong appetite for leveraged long positions.

Market Behavior in Focus

With election uncertainty now behind, the report shows that traders are leaning strongly toward leveraged long positions, especially in perpetuals and futures contracts. Short-term volatility has decreased, and BTC’s price structure has leveled out, suggesting a more stable market. The steady trading activity over the weekend further highlights the ongoing strong interest in crypto assets.

Key Findings:

• Sharp Decline in Short-Term Volatility: As election uncertainty cleared, short-term implied volatility for both BTC and ETH witnessed a significant drop.
• Flattening of BTC Term Structure: While the term structure for BTC flattened, ETH‘s evolved into a steeper curve, potentially reflecting increased long-term uncertainty surrounding Ethereum.
• Resurgence of Leveraged Positions: Following a pre-election reduction, leveraged positions have bounced back strongly. Open interest in both perpetuals and futures contracts has climbed, indicating a willingness to embrace risk once again.
• Record High Positioning: Despite the election risk subsiding, positioning across all markets is near all-time highs, showcasing a keen interest in maintaining leveraged long exposure as BTC reaches new records.
• Robust Trading Volumes: Trading volumes remained robust throughout the week, even over the weekend, highlighting sustained market activity.
• Renewed Interest in Directional Bets: Perpetual swap open interest mirrored the trend seen in futures contracts. A decline during pre-election turbulence was followed by a sharp rise as the election outcome became clear, suggesting renewed focus on directional bets to capitalize on positive post-election movement.
• Increased Options Interest: Despite subdued option trading volumes, open interest for BTC options has surged. This points towards a growing interest in positioning for potential long-term volatility in the aftermath of the election.

Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: https://learn.bybit.com/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-nov-6-2024/ 

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit 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 Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
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SOURCE Bybit

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WILLEMSTAD, Curacao, Nov. 7, 2024 /PRNewswire/ — Following the frenzy surrounding the 2024 U.S. presidential election, global leading crypto igaming platform BC.GAME has officially announced an exciting airdrop campaign aimed specifically at Polymarket users. This initiative will bring BC.GAME’s gaming entertainment together with the wisdom of Polymarket users, offering a much-needed opportunity for those who actively participated in the election prediction market.

Airdrop Frenzy Amid the Hype: Special Rewards for Polymarket Users

Following the intense activity during the 2024 U.S. presidential election, Polymarket saw an unprecedented surge in user participation. Thousands of individuals placed bets on the election results, turning this prediction market into a major financial event.

To capitalize on this momentum, BC.GAME is launching an exclusive airdrop for Polymarket users. The campaign will reward active participants with exclusive prizes and access to BC.GAME’s expansive gaming ecosystem, creating an exciting opportunity for those who took part in one of the most talked-about prediction markets in history.

For detailed information about the airdrop, please follow BC.GAME’s official Twitter here.

Exclusive Airdrop: A Chance to Turn the Tide

The BC.GAME airdrop campaign will offer Polymarket’s active users unique rewards, creating an exciting and unparalleled experience in the crypto gaming space. By leveraging the buzz surrounding Polymarket, BC.GAME aims to bring its innovative gaming ecosystem to more users, giving them the opportunity to earn substantial rewards through this airdrop. Polymarket users will not only enjoy exclusive games on the BC.GAME platform, but also have the chance to claim specially designed rewards. The BC.GAME team guarantees a transparent and fair process throughout the event, ensuring that every participant receives maximum benefits.

BC.GAME: Igniting the Future of Crypto Communities

BC.GAME has always been at the forefront of innovation, providing users with a never-before-seen gaming experience. According to data from 1ml.com, BC.GAME is ranked 14th globally in the crypto gaming space and supports hundreds of cryptocurrencies, including Poly, providing users with diverse payment and gaming options.

In addition, BC.GAME actively participates in the development of the crypto community by investing in NFTs and supporting the growth of the metaverse. For example, BC.GAME has invested 700 ETH into various NFT projects to foster growth in the metaverse and iGaming sectors. By engaging with Polymarket users, BC.GAME is lighting up new possibilities in the crypto world and paving the way for the future of digital entertainment.

About BC.GAME

BC.GAME is a leading global crypto gaming platform that offers a wide variety of games and a decentralized service model at its core, earning the trust and love of users worldwide. With unparalleled innovative technology and a user-centric philosophy, BC.GAME has become a major player in the blockchain entertainment industry. BC.GAME will continue to deliver more innovative products and exclusive rewards to global crypto enthusiasts, injecting limitless possibilities into the gaming experience.

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SOURCE BC.GAME

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SINGAPORE, Nov. 6, 2024 /PRNewswire/ — Amber Group, a leading global digital asset company, today announced a strategic partnership with Lukka, a premier provider of comprehensive data solutions for the crypto asset industry. Through this partnership, Amber Group has integrated Lukka Insights into its data infrastructure, providing clients with more precise and actionable intelligence across a diverse range of digital asset markets.

By integrating Lukka Insights, Amber Group gains access to an expansive dataset that covers millions of crypto assets, derivatives, and over 2,500 trading venues. This integration enables a multi-dimensional view of the market, supporting more efficient investment strategies, improved risk management, and streamlined regulatory compliance.

Thomas Zhu, Co-founder and CTO of Amber Group, commented: “Partnering with Lukka is a further step in our mission to provide our clients with the most accurate, transparent, and reliable data in the digital asset space. As the crypto market continues to evolve, having access to high-quality data is crucial for making informed decisions and managing risks effectively. With Lukka Insights, we are able to further refine our data infrastructure, enabling us to continue leading the way in offering innovative and secure solutions for our clients.”

Dan Huscher, Chief Data Products Officer, added: “We are pleased to announce our collaboration with Amber Group, an influential force in the crypto market. By optimizing our Lukka Insights platform, Amber Group will be able to systematize and integrate their data from a spectrum of sources, delivering a comprehensive overview to support both internal assessments and regulatory compliance.”

As the crypto asset industry matures, the need for robust data governance and regulatory compliance has become paramount for institutional players. Amber Group’s selection and continued use of Lukka solutions demonstrates the firm’s proactive approach to adopting best-in-class data solutions, solidifying its position as a trusted and responsible leader in the digital asset space.

About Amber Group

Amber Group is a global digital asset leader headquartered in Singapore. Since 2017, the company has built full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investing and infrastructure. Backed by top investors and with deep expertise in crypto and traditional markets, the firm leverages AI, blockchain and quantitative research to deliver personalized and innovative solutions to help its global client base of HNW individuals, institutions, crypto funds, exchanges and projects optimize returns safely in any market conditions.

About Lukka

Founded in 2014, Lukka serves the most risk-mature businesses in the world with institutional data and software solutions. As a global company, headquartered in the United States, Lukka bridges the gap between the complexities of blockchain data in a global crypto ecosystem with traditional business and reporting needs. All of Lukka’s products are created with institutional standards, such as AICPA Service and Organization Controls (SOC), which focus on data quality, financial calculation accuracy & completeness, and managing technology operational risk. Lukka has obtained AICPA SOC 1 Type II and SOC 2 Type II Audits, an ISO/IEC-27001 certification, NIST Cybersecurity Assessment, and continues to lead the industry with best in class technology risk governance.

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SOURCE Amber Group

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NEW DELHI, Nov. 6, 2024 /PRNewswire/ — In a world where financial systems are showing cracks—from limited access to exclusionary practices—a quiet revolution is brewing. Web3, with its promise of decentralization, offers more than just technological change; it offers a philosophical shift. But with opportunity comes complexity.

The rise of DeFi has unlocked new possibilities, yet many individuals and businesses struggle to navigate this evolving landscape securely and confidently.

Enter Triskel Wallet, a groundbreaking platform redefining financial tools. The Web3 superapp bridges traditional finance and the Web3 ecosystem, offering unprecedented asset control while ensuring security and compliance.

Beyond Traditional Finance

With just a few taps on a smartphone, investors can access prime real estate opportunities across the globe. No paperwork, no brokers, no hassle.

That’s the power of asset tokenization, and it’s just one of the ways Triskel is democratizing finance. As founder, Abel Benitez, explains, “Imagine owning a piece of global real estate without the paperwork, brokers, or middlemen—just a few clicks away on your phone.”

What was once exclusive to institutional investors, high-net-worth families, and patrimonial wealth is now accessible to everyday users. Triskel opens financial opportunities that were previously reserved for the few, democratizing access to investments and wealth-building tools through its innovative platform.

Your Keys Your Kingdom

Redefining Asset Control At its core, Triskel is a non-custodial wallet. This means users retain exclusive control of their private keys, eliminating the need for bank intermediaries. Users maintain complete autonomy over their assets as sole owners of their wealth.

Abel Benitez, the visionary behind Triskel, puts it perfectly: “Finance isn’t just about profit; it’s about freedom—freedom to control, build, and participate in wealth creation without borders or intermediaries.” This freedom to grow wealth and access previously unattainable opportunities defines true financial autonomy.

Security and Innovation Combined

Regarding security, Triskel has implemented robust measures. Advanced security protocols and regulatory compliance allow safe exploration of the DeFi world while keeping both individuals and businesses protected from legal pitfalls. The platform’s hybrid model offers the best of both worlds, enabling seamless management of both crypto and fiat assets.

Triskel emphasizes the importance of a collaborative economy, reflecting its commitment to shared value creation. As part of this effort, the platform has introduced the Real Referral Program (RRP), offering participants up to 50% of revenue. This initiative not only rewards community engagement but also aligns with Triskel’s vision of building an inclusive financial ecosystem where users benefit from collective growth.

The Future of Finance

As the lines between traditional and decentralized finance continue to blur, platforms like Triskel Wallet are leading the way. By offering security, compliance, and user control, Triskel ensures that individuals and businesses can confidently navigate both realms.

“We’re not just building a platform,” Benitez reflects. “We’re building the future. A future where trust, control, and opportunity are in the hands of everyone.”

About Triskel

Triskel Wallet is a decentralized, non-custodial super app that provides users with complete control over crypto assets. The platform bridges the gap between DeFi and traditional finance with USDT-backed Debit card.

Social: https://linktr.ee/triskel_wallet

Photo: https://www.007stockchat.com/wp-content/uploads/2024/11/Triskel_Financial_Access.jpg

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The cryptocurrency market has witnessed a significant surge with Bitcoin reaching unprecedented heights, trading at $73,000 ahead of major global elections. This remarkable rally is attributed to renewed investor interest in digital assets amidst geopolitical uncertainties.

Bitcoin’s recent price movement is not merely a result of speculative trading but is also driven by institutional investors flocking towards Bitcoin ETFs. With the advent of these exchange-traded funds, traditional investors find it easier to include Bitcoin in their portfolios without the complexities of dealing with cryptocurrency exchanges.

Furthermore, the rise in Bitcoin prices has been accompanied by increasing interest from retail investors, who see the digital currency as a hedge against inflation. This growing interest is reflected in the trading volumes across various cryptocurrency exchanges, which have hit new highs.

The approval of Bitcoin ETFs by financial regulators has played a pivotal role in legitimizing the cryptocurrency market. ETFs allow investors to gain exposure to Bitcoin without owning the digital asset directly, thus reducing the risks associated with digital wallets and cybersecurity threats.

Moreover, the current geopolitical climate has made Bitcoin an attractive asset for investors seeking stability. As traditional markets face volatility due to impending elections, many investors are turning to Bitcoin as a safe haven.

Cryptocurrency analysts believe that this upward trend could continue as more countries explore the possibility of adopting Bitcoin as a legal form of payment. This adoption could potentially lead to an increase in demand and consequently drive prices even higher.

Additionally, technological advancements within the blockchain space are expected to bolster Bitcoin’s position as a leading digital currency. Innovations such as the Lightning Network aim to enhance transaction speeds and reduce fees, making Bitcoin more accessible for everyday transactions.

Despite the optimism surrounding Bitcoin, investors are advised to exercise caution. The cryptocurrency market is highly volatile, and prices can fluctuate dramatically within short periods. As such, it is crucial for investors to stay informed and consider their risk tolerance before making investment decisions.

As Bitcoin continues to break new ground, it is clear that the cryptocurrency is more than just a passing trend. With increasing institutional backing and technological improvements, Bitcoin is well-positioned to cement its status in the global financial system.

Footnotes:

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