Author: CryptoCurrencyNews

These first-of-kind money market rates transform Aave pool activity into conventional overnight rates to support interest rate derivatives and floating rate loans.

NEW YORK, June 17, 2025 /CNW/ — CoinDesk Indices, a leading provider of digital-asset benchmarks, in collaboration with Sentora, a pioneer in institutional DeFi solutions, today announced the launch of CoinDesk Overnight Rates (CDOR), the first benchmark interest rates that draw upon Aave’s lending pools to provide standardized overnight rates for major stablecoins.

CDOR to Support Industry Growth

CDOR rates are designed to support markets for hedging funding costs, securing yields, and developing cross-currency rate strategies. Calculated and published daily, these rates are accessible to exchanges, market makers, protocol treasuries, and structured-product desks.

Stani Kulechov, Founder of Aave Labs says, “CDOR is a new benchmark interest rate built on Aave’s deep onchain liquidity. It provides a transparent, risk-free lending rate that unlocks new use cases for stablecoins, such as derivatives and fixed-income products, enabling more efficient, scalable, and automated financial markets.”

The first CDOR rates utilize activity on Aave v3’s Core variable borrow pools for USDC and USDT. CoinDesk Indices has released a methodology that converts this on-chain activity into a historical daily (or “overnight”) rate that can be aggregated over longer periods. These pools, whose rates react instantly to changes to supply and demand, are important facilities in decentralized finance that reflect activity of a large population of borrowers and lenders.

Andy Baehr, CFA, Head of Product and Research, CoinDesk Indices says “Stablecoins are expected to grow into the trillions, but there is no institutional-grade money market for trading and hedging term rates. CDOR rates provide a cornerstone element for the stablecoin rates markets, using the same conventions as TradFi benchmarks, which support the largest derivatives markets in the world.”

Anthony DeMartino, CEO, Sentora says, “Sentora’s mission is to make on-chain finance as efficient as traditional finance. With CDOR rates you can switch from floating to fixed funding, or speculate on the curve, in a single, capital-efficient trade; a crucial building block that’s been missing for years. These rates will enable new DeFi use cases and Sentora is happy to support the evolution of capital markets on-chain.”

Liquidity Providers Signal Support for CDOR

Exchange-traded futures contracts, currently under development, will settle against CDOR rates and will provide market participants with new and powerful tools for risk management and strategy implementation. Galaxy, FalconX, Flowdesk and Tyr Capital will act as founding market makers.

Ed Hindi, CIO, Tyr Capital says, “CDOR rates enable the creation of a broad range of financial derivatives that are currently missing in the crypto financial ecosystem. This addition alongside a clearer regulatory environment should exponentially increase the interaction of institutional players with DeFi. The ability to efficiently manage interest rate risk is a game changer for the CeDeFi markets. Tyr Capital is thrilled to be more widely involved in making the TradFi and crypto relationship more symbiotic.”

Jason Urban, Global Head of Trading at Galaxy says, “With CDOR rates, the market gains a powerful rate signal that reflects real-time borrower demand and enables smart, scalable trading strategies. It’s a meaningful step in bridging DeFi and traditional finance, making stablecoin markets more accessible and actionable for sophisticated investors.”

Joshua Lim, Global Co-Head of Markets, FalconX says, “We are pleased to partner with CoinDesk Indices and Sentora on their CDOR product suite. The next phase of growth in crypto will be driven by convergence of CeFi and DeFi capital markets.”

Reed Werbitt, US CEO, Flowdesk says, “The introduction of CDOR will enable broader institutional adoption and participation in crypto credit markets, enhancing capital efficiency and risk management across our trading strategies. The ability to mitigate interest rate risk is a critical foundation of a functioning capital market, and we’re excited to be working with Sentora to bring this product to fruition.”

By turning on-chain market activity into standardized interest rates, CDOR lays the groundwork for exchange-traded money-market futures and other rate-based derivatives.

For additional information on CDOR please visit https://sentora.com/cdor-stablecoin-rate.

View the CoinDesk Overnight Rates (CDOR) – Aave | USDC and Aave | USDT.

About CoinDesk Indices

Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, its indices form the foundation of the world’s largest digital asset products. CoinDesk Indices is regulated in the UK by the Financial Conduct Authority and offers products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner.

About Sentora

Sentora, born from the recent merger between DeFi technology specialist IntoTheBlock and financial solutions provider Trident Digital, is a leader in developing institutional-grade DeFi solutions, yield strategies and risk-management infrastructure. Sentora’s solutions connect leading digital asset firms and large capital allocators to the advantages of decentralized finance.

About Aave Protocol

Aave is the leading decentralized, non-custodial liquidity protocol, with over $40 billion in total value locked (TVL). It allows users to earn yield on deposits and borrow a wide range of digital assets without intermediaries. Core features include risk management tools such as supply and borrow caps, flash loans, and GHO — a decentralized, overcollateralized stablecoin native to the protocol. Aave is fully governed by the Aave Decentralized Autonomous Organization (DAO). Learn more or participate in governance at https://governance.aave.com.

Disclaimer

CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, “CoinDesk Indices”), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the “Content”) is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved.

Forward-Looking Statements: This press release may include “forward-looking statements” relating to future events or the Bullish Group’s future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.

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SOURCE CoinDesk Indices

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DUBAI, UAE, June 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released a new options volatility report in collaboration with Block Scholes. The report shows a historic volatility divergence between Ethereum (ETH) and Bitcoin (BTC) during May?2025.

Key Highlights:

• In May 2025, ETH options exhibited historically high volatility premiums over BTC, driven by ETH’s elevated realized volatility during a major price rally.
• The ETH-to-BTC implied volatility ratio for short-dated options surged past 2x — reaching a nearly five-year high.
• BTC’s realized volatility fell below a long-standing 35% floor, breaking a 19-month trend.
• ETH’s volatility term structure showed persistent inversion, with shorter-dated options pricing higher volatility than longer-dated ones.
• The implied volatility divergence coincided with ETH’s outperformance, which included a 23% intraday rally amid key market events.

ETH-to-BTC Implied Volatility Expands to Five-Year High

In May 2025, a notable dislocation in implied volatility emerged between ETH and BTC options. Implied volatility reflects market expectations for future price movement over an option’s lifespan. At the start of the month, the ETH-to-BTC implied volatility ratio for 7-day options hovered around 1.5 — indicating that ETH options were priced with 50% higher expected volatility than BTC options.

By May 16, the ratio climbed above 2x, reaching a peak not seen since 2020, as BTC’s implied volatility declined to its lowest levels since October 2023. This drop in BTC volatility broke below the 35% floor that had held for over 19 months, while ETH’s short-tenor implied volatility remained elevated, though slightly below its May 10 high. The volatility spread was particularly pronounced in the 30-day tenor, reaching its widest point since mid-2022.

Realized Volatility Trends Underscore the Divergence

The sharp divergence in implied volatility was reinforced by trends in realized volatility — a measure of actual historical price movement. In May, ETH’s realized volatility significantly outpaced BTC’s across various tenors, fueling expectations for continued dispersion between the two assets.

On May 15, the 7-day realized volatility ratio between ETH and BTC peaked, closely followed by the implied volatility ratio — suggesting market participants expected ETH’s higher volatility to persist. This trend is not new: the ETH-BTC volatility ratio has been climbing steadily since July 2024, amid both bull runs and periods of market stress.

ETH’s standout performance in May was catalyzed by several factors, including positive US-UK trade news. ETH surged more than 23% on May 8 alone and continued to outperform BTC, which gained approximately 10% during the same period. Despite this momentum, ETH remained over 50% below its January 2025 peak and its all-time high.

#Bybit / #TheCryptoArk / #BybitReport

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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The first step to self-custody. Experience a new level of intuitive, secure mobile cold wallet.

TAIPEI, June 16, 2025 /PRNewswire/ — CoolBitX proudly introduces CoolWallet Go, a next-generation entry-level cold wallet designed to make crypto security more accessible than ever. Staying true to the brand’s commitment to safety and simplicity, CoolWallet Go features its signature ultra-slim card design, supports multi-chain asset management, and introduces a seedless backup system, eliminating the need to write down recovery phrases.

Whether you’re just getting started with crypto or want a lightweight solution for everyday use, CoolWallet Go delivers a seamless and intuitive experience at an affordable price. Backed by the same high-security standards that define the CoolWallet brand, it’s a new benchmark for mobile cold wallets.

How Powerful Is CoolWallet Go? Here Are 5 Solid Reasons

Seedless backup made simple and secure

CoolWallet Go uses an innovative backup card system that removes the need to write down recovery phrases. Private keys are generated offline within the card itself and completely isolated from connected devices, significantly reducing the risks of user error and exposure.

Each standard package includes one Primary Card and one Backup Card. If the Primary Card is lost, users can easily promote the Backup Card to become the new Primary Card. The original Primary Card will automatically switch to backup mode and lose signing authority, ensuring uninterrupted access and full asset protection.

Ultra-slim card design, portable and battery-free

Continuing CoolWallet’s signature card-style hardware design, CoolWallet Go is ultra-thin, buttonless, and battery-free. It’s waterproof, durable, and built for everyday carry, delivering true cold wallet portability without compromise.

Advanced security with EAL6+ certified chip

Built with an EAL6+ secure element and audited by independent security firm eShard, CoolWallet Go offers strong protection for your assets. It also features Smart Scan, which detects phishing links and suspicious transactions in real time for an added layer of defense.

All-in-one asset management with the CoolWallet App

Paired with the CoolWallet App, users can manage multi-chain assets, earn through DeFi staking, interact with DApps, collect NFTs, and earn stablecoin yields. Cold and hot wallet functionality is fully integrated for seamless convenience.

Flexible asset control with custom EVM chains and multi-wallet support

CoolWallet Go allows users to manually add custom EVM-compatible chains and tokens not yet officially supported. Multi-wallet management is also coming soon, enabling smarter asset allocation and improved risk control.

“CoolWallet Go is a major step forward in making crypto asset security truly accessible. Our goal is to make cold wallets no longer a tool reserved for advanced users, but something anyone can own and use with ease.”
— Michael Ou, CEO of CoolWallet

Simple Enough for Beginners. Powerful Enough for Pros.

Priced at just US$69.99, CoolWallet Go includes two cards to cover both daily use and secure backup. It brings cold wallet security within reach, combining CoolWallet’s trusted security architecture with a slim, lightweight design that’s easy to carry and even easier to use. It’s built for anyone who values asset protection and mobility.

Whether you’re just starting to build your crypto portfolio or you’re a CoolWallet Pro user looking for a more compact, everyday tool, CoolWallet Go adapts to your lifestyle and makes managing assets simpler and more effortless than ever.

Purchase Information

CoolWallet Go is now available on the official website. Each standard package includes one Primary card and one Backup card, priced at US$69.99.

For added peace of mind, users can also purchase a Lifetime Warranty for just US$39.

Visit our website today and take the first step toward secure, self-managed crypto ownership.

https://www.coolwallet.io/collections/coolwallet-go

About CoolWallet

CoolWallet is a pioneering hardware wallet brand that offers a secure and convenient solution for storing and managing digital assets in the Web3, DeFi, and NFTs arenas. The company’s flagship product, the CoolWallet Pro, is a credit card-sized device that combines the security of a hardware wallet with the convenience of a mobile device. With its unique design and advanced security features such as an EAL6+ secure element, biometric verifications, and military-grade Bluetooth encryption, CoolWallet is committed to providing a safe and user-friendly platform for crypto users worldwide.

To date, CoolBitX has maintained a zero-hack record and has earned the trust of over 300,000 users globally.

Guided by its mission to make self-custody safe and accessible for everyone, CoolBitX remains committed to advancing secure and user-friendly digital asset management solutions.

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SOURCE CoolBitX Ltd.

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LONDON, June 14, 2025 /PRNewswire/ — In 2024, Klein Funding became the first crypto-only prop firm to officially partner with Bybit, one of the world’s leading cryptocurrency exchanges. Far from a marketing move, this collaboration marked a structural shift in how crypto prop trading is approached: real tools, real markets, and a model centered on trader performance—not platform limitations.

This wasn’t just a feature update. It redefined expectations across the prop firm landscape.

The partnership introduces something rare in the world of crypto prop firms—a system that gives traders:

• Access to over 700 crypto pairs
• Bybit’s institutional-grade liquidity
• Lightning-fast execution with no lag or syncing issues
• A clean, stable interface, powered directly by Bybit
• All within a simulated capital environment

Designed for All Trading Styles

Whether trading breakout setups, scalping altcoin volatility, or managing structured longer-term positions, Klein’s system adapts to how users trade—not the other way around.

A New Model: Instant Pro, Full Access

At the center of this structure is the Instant Pro plan, built around three core freedoms:

• No Consistency Rule
• No Daily Drawdown
• Once reaching 5% profit, traders are eligible for a reward

There are no multi-step evaluations, hidden conditions, or forced holding periods—just performance and direct reward.

What Sets Klein Funding Apart

Many prop firms promise flexibility. Few deliver it from the ground up.

Klein Funding didn’t retrofit flexibility into an outdated model. It built an entirely new structure designed around traders’ needs from day one. With performance-based rewards fully embedded into Bybit’s infrastructure, this isn’t just a trading platform—it’s an operating system for serious traders.

This level of integration doesn’t just improve the interface—it sharpens execution, edge, and the ability to grow.

Looking Ahead

This isn’t another funding plan or promotional push; it’s a complete rethink of the prop firm model—built to eliminate gatekeeping and give traders clarity, access, and control.

No synthetic rules. No drawdown traps.

Just a system built around real traders and real results.

Users can explore the Instant Pro model and apply at kleinfunding.com

 About Klein Funding

Klein Funding, is a crypto-only proprietary trading firm with a mission to democratize access to capital and advanced trading environments. Through smart partnerships like its latest collaboration with Bybit, Klein is helping build the most seamless and trader-first experience in the prop trading space.

Website: https://kleinfunding.com
X: https://x.com/KleinFunding
Instagram: https://www.instagram.com/kleinfunding/
Discord: https://discord.gg/wg2KJXSpTW
YouTube: https://www.youtube.com/@kleinfundingcrypto

Contact:
Klein Funding PR
Klein Funding
support@kleinfunding.com

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SOURCE Klein Funding

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PANAMA CITY, June 13, 2025 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3 AI company, is expanding its reach into the gaming ecosystem with the introduction of SG Coin (SGC) through its Launchpool. This Launchpool brings SG Coin to a broader market, marking an exciting leap forward for both BingX and blockchain-powered gaming. From June 13 to June 17, users can stake USDT or BTC in the Launchpool to earn SGC tokens ahead of their official spot trading debut.

SG Coin (SGC) is the governance and utility token for KAI SANGOKUSHI TAISEN, a strategic card battle game developed by double jump.tokyo under license from SEGA CORPORATION. Based on the hit Sangokushi Taisen series with over 1 million players, the game lets users earn and spend SGC on card packs and marketplace trades. Produced by legendary arcade game creator Mr. Nishiyama and backed by major investors like SBI Group and SONY Group, the game is now launching its token via BingX Launchpool, giving users early access before its spot trading debut.

Through this Launchpool, BingX users can stake USDT or BTC in three different pools – USDT pool, BTC pool, and the new user pool — to earn SG Coin (SGC) before official spot trading.  BingX users who stake for at least 48 hours can unlock additional bonus rewards. And new users who join during the campaign period will also receive exclusive benefits. In addition, the Invite feature allows users to earn extra rewards by bringing friends into the campaign.

Vivien Lin, Chief Product Officer of BingX, shared her thoughts: “We are excited to introduce SG Coin through BingX Launchpool, a significant step in merging blockchain with gaming innovation. By offering early access to SG Coin, we are empowering our users to explore the future of Web3 gaming. This launch marks that we will roll out many more strategic initiatives aimed at bringing high-quality, blockchain-driven experiences to our platform.”

About BingX 

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

For more information please visit: https://bingx.com/

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