Author: CryptoCurrencyNews

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DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ —  Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes. Noting BTC’s retreat from the $100k mark a week into the new year, the analysis showed on-risk assets including crypto bore the brunt of broader macro factors. Past week’s data indicates heightened uncertainty in market dynamics ahead of Trump’s anticipated Jan. 21 inauguration, highlighting shifting investor sentiment during this significant political transition.

Key Insights:

Perpetuals Took a Winter Break: The perpetual swap market experienced a notable decline in liquidity over the holidays, with trading volumes winding down throughout Dec. 2024, leading to decreased realized volatility across the market. Notably, open interest maintained stability compared to levels preceding the great expiration of options contracts in Dec. 2024, indicating conservative positioning and limited hedging activity in perpetual swap markets.

Wide Disparity Between 30-Day Implied Volatility and 7-Day Realized Volatility: ETH’s options markets signalled an unmistakable preference for call options. In contrast,  BTC’s open interest is rebalancing after the expiration in Dec. 2024. Both ETH and BTC have experienced notable changes in their term structures heading into the new year. The sharp divergence between implied and realized volatility is at its largest since the U.S. elections, suggesting that options traders are paying a premium to price in a higher level of risk or volatility despite the calm at the surface.

ETH Calls Gaining Traction 

There has been a reshuffling in ETH open interest. While put options still hold sway in terms of total volume, call contracts have seen an uptick after Dec. However, the optimism comes with a caveat—the decline in realized volatility in the year so far has given options traders pause. The volatility term structure has steepened further, with short-term volatility (measured at a 30-day tenor) still sitting more than 15 points above its realized counterpart. This gap is the widest since the pre-election period of 2024, when geopolitical uncertainty fueled volatility premiums. Today, however, the premium seems driven more by general speculation than by any specific event. Even as the market settles, investors remain cautious, signaling looming uncertainty.

Access the Full Report here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 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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View original content:https://www.prnewswire.co.uk/news-releases/market-eyes-crypto-president-inauguration-as-btc-tumbles-at-100k-bybit-and-block-scholes-analysis-302347880.html

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The winning design will win an exclusive virtual meet-and-greet with Pierre, a signed helmet, and unforgettable race day experience at their local GP

DUBAI, UAE, Jan. 8, 2025 /CNW/ — Binance, the world’s largest cryptocurrency exchange, has teamed up with BWT Alpine Formula One driver, Pierre Gasly, to give fans the chance to design his helmet for the season-opening Australian Grand Prix in March 2025. Building on the success of the 2023 Abu Dhabi Grand Prix initiative, which drew over 700 fan submissions, this year’s contest invites fans and Binance users to submit designs for a chance to win the ultimate fan prize, including a signed, full-sized replica helmet and exclusive experiences.

As part of Pierre and Binance‘s partnership, participants of the helmet contest are encouraged to submit designs that showcase originality and creativity, while reflecting Binance‘s values that resonate with its innovative ethos, fostering connections within the motorsport community and commemorating Gasly’s Australian GP race.

The winning design will be worn by Pierre Gasly throughout the Australian GP race weekend, making it an iconic part of the event. The winner will also have an exclusive virtual meet-and-greet with Pierre, receive a signed replica of the helmet, and enjoy an unforgettable race day experience at their local Grand Prix.

All entries must be submitted between January 8th (00:00 UTC) to January 20th, 2025 (00:00 UTC), and the winning helmet will be announced ahead of the Australian Grand Prix in early March.  All requirements can be found in the Terms & Conditions of the contest.

Recently, Pierre, who is a crypto native, has also partnered with Binance to debunk crypto myths in a four-episode series in which he approaches topics around security, crypto applications in real world and the benefits of Web3 in an entertaining and educational way. Further showcasing how Binance can bring  fans closer to their favorite sport, offering unique content and new ways to connect.

Pierre Gasly said: “Bringing together the spirit of the crypto and F1 community is truly electrifying and I’m honored to bring crypto education to fans through Binance. Our previous helmet contest for the 2023 Abu Dhabi Grand Prix was an incredible showcase of community-focused energy and creativity. I had the chance to meet the winner and I’m excited to see how fans channel their inspirations for the Australian Grand Prix – We have some exciting plans to reveal the winning design at the start of race week, so stay tuned!”

“Formula One fans are among the most passionate and engaged globally, and through innovation, we’re able to bring a new level of dynamism to fan engagement. With our partnership with Pierre and BWT Alpine Formula One, we are excited to continue bringing F1 fans closer to them through our efforts, including this latest helmet contest,” said Rachel Conlan, Binance Chief Marketing Officer.

“We’re excited to once again see the powerful connections between the worlds of crypto and F1 through this helmet contest. Pierre embodies the perfect blend of both worlds, and as he prepares for the season-opener in Australia, fans have the chance to be part of history at the start of the 2025 race season,” said Sarah Dale, Binance Global Head of Partnerships.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 250 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/f1-fans-can-design-pierre-gaslys-australian-grand-prix-helmet-through-binance-302345718.html

SOURCE Binance

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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Canaan INC (NASDAQ: CAN), a leading blockchain hardware manufacturer, today announced the launch of the Avalon Mini 3 and Nano 3S in Las Vegas, CES. The two innovative Bitcoin mining devices are designed to democratize cryptocurrency mining for individuals and turning a home heating system into a crypto mining device.

Product Innovation

Canaan is redefining home cryptocurrency mining with two groundbreaking devices. The Avalon Mini 3, with a Hashrate of 37.5Th/s, offers a unique dual-purpose solution, combining efficient Bitcoin mining with home heating. The app-controlled operation and sleek, quiet design, provides a remarkably easy-to-use, energy-efficient solution for mining newcomers and enthusiasts.

The Avalon Nano 3S, which is upgraded from the widely-welcomed Avalon Nano 3, with a Hashrate of 6Th/s, complements this offering as an affordable, beginner-friendly Bitcoin mining device. Its compact and portable design alongside its low power consumption makes it ideal for individual users while supporting the broader goal of Bitcoin network decentralization.

Reimagining Technology Efficiency

The Avalon Mini 3 can simultaneously mine Bitcoin and warm living spaces, offering homeowners a unique way to offset energy costs and reduce environmental impact. This device gives users innovative access to heat recycling, turning the computational work of Bitcoin mining into a dual-purpose solution that provides both digital currency and home comfort.

“We are committed to making Bitcoin mining accessible to everyone,” said NG Zhang, CEO and founder of Canaan. “The Avalon Mini 3 and Avalon 3S represent our vision of user-friendly, practical mining solutions for the modern individual. We’re reimagining how technology can create value while minimizing environmental waste. The Avalon Mini 3’s ability to generate cryptocurrency while heating your home is a perfect example of our vision for sustainable, multi-purpose technology.”

Availability

Preorder Now at https://canaan.io/avalonhome

During the preorder period till the end of February 2025, the price for Avalon Nano 3S is USD249 and Avalon Mini 3 is USD899 while supplies last.

About Canaan Inc.

Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon.

Website: canaan.io 
Media Contact: pr@canaan-creative.com
Telegram Group Official: https://t.me/Canaanio
X.com: https://x.com/canaanio

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View original content:https://www.prnewswire.co.uk/news-releases/canaan-introduces-revolutionary-bitcoin-mining-heaters-for-home-and-personal-use-in-ces-2025-302345271.html

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Backpack EU to offer crypto derivatives throughout the European Union including perpetual futures where no regulated products currently exist

HANOVER, Germany, Jan. 7, 2025 /PRNewswire/ — Backpack Exchange, a fully regulated global cryptocurrency exchange, today announced the successful acquisition of FTX EU, the MiFID II-licensed former European arm of FTX. Approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), this acquisition marks a major milestone in Backpack’s global expansion and commitment to delivering secure, regulated trading solutions across Europe.

With the acquisition, Backpack’s new EU arm will offer a full suite of crypto derivatives throughout the European Union including perpetual futures, a market where no regulated crypto derivatives currently exist, as unregulated offshore exchanges have been forced to wind down their unlicensed European operations.

Armani Ferrante, CEO of Backpack Exchange, commented: “As many international exchanges exit the European Union, becoming a MiFID II-licensed entity demonstrates our dedication to meeting the highest regulatory standards and is a significant step to bringing transparent, secure, and regulated crypto trading to an underserved European market.”

As part of the acquisition, Backpack EU will undertake responsibility for distributing the previously court-approved FTX bankruptcy claims to FTX EU customers.

Mr. Ferrante further noted, “Customer restitution is a crucial step to rebuild trust and confidence in the industry, and Backpack is committed to returning FTX EU customers’ funds as fast and as safely as possible.”

In addition to compliant product offerings, Backpack EU will provide seamless integration with traditional payment rails including instant, low-cost Single Euro Payments Area (SEPA)  payments and wire transfers in major currencies across the region.

The re-activation of the license is underway, with plans for Backpack EU to go live in Q1 of 2025. Further information as to how new users may sign up for Backpack EU and how FTX EU customers will be able to access their assets will be announced as it becomes available. For more information, visit https://eu.backpack.exchange/claim.

About Backpack Exchange

Backpack Exchange is a fully regulated global cryptocurrency exchange building an innovative, easy-to-use and compliant trading platform for both experienced and new web3 users worldwide. Backpack currently serves users from over 150 countries and regions with more than $60 billion in trading volume. 

The Backpack ecosystem comprises several products and services, including the popular Backpack Wallet (noncustodial), Backpack Exchange, and Mad Lads, the top NFT community in the Solana ecosystem.

X https://x.com/Backpack

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View original content:https://www.prnewswire.co.uk/news-releases/backpack-announces-acquisition-of-ftx-eu-expands-crypto-trading-across-europe-302342778.html

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DUBAI, UAE, Jan. 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report in collaboration with Block Scholes. The report sheds light on key trends in open interest and market behavior during the significant year-end options expiration for Bitcoin (BTC) and Ethereum (ETH).

Key highlights:

Open Interest Solid Amid Year-End Options Expiration

Although open interest in BTC and ETH perpetual swaps has not returned to the early December 2024 highs, it remained stable during the critical year-end options expiration. This stability suggests that traders did not heavily rely on perpetual contracts to hedge the delta of expiring options, which contributed to the muted volatility observed during this period. Trading volumes dipped during the winter holiday season, aligning with a collapse in realized volatility, which reached its lowest levels of December.

BTC Option Curve Remains Steep During Call-Put Parity

Contrary to expectations, the expiration of December’s options did not spark a surge in volatility. Instead, realized volatility declined to the lower end of its recent range. The implied volatility term structure for BTC options remains steep, with longer-dated implied volatility hovering around 57% and 1-week at-the-money options trading approximately five points lower. Most of the expired open interest has not been reinvested, maintaining a neutral call-put balance. As a result, BTC’s options market shows limited leverage compared to its position at the beginning of December 2024, reflecting a cautious sentiment.

Huge ETH Option Expiring Doesn’t Cause Volatility

Despite the substantial expiration of ETH options in late December 2024, market dynamics remained stable. A spike in realized volatility during December failed to extend into the new year, with ETH’s spot price currently showing lower volatility compared to short-tenor implied volatility. Over the past week, the implied volatility term structure for ETH options has shifted, steepening briefly before flattening again, diverging from BTC’s consistently steep profile. This pattern suggests that ETH’s options market is bracing for potential short-term volatility in spot price movements.

Interestingly, despite the expiration, call options for ETH have gained momentum at the start of 2025, dominating the market and indicating an optimistic outlook among traders.

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full Bybit x Block Scholes Crypto Derivatives Analytics Report.

#Bybit / #TheCryptoArk / #BybitLearn / #BybitResearch / #BTC100K

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-x-block-scholes-report-btc-options-steady-with-call-put-parity-eth-braces-for-short-term-volatility-302341877.html

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Noochies! products can now be purchased with BTC, ETH, SOL and DOGE

TORONTO, Jan. 3, 2025 /CNW/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, is excited to announce that Noochies! products can now be purchased with popular cryptocurrencies including bitcoin (BTC), ethereum (ETH), solana (SOL), and dogecoin (DOGE). Accepting cryptocurrency not only opens the Noochies! brand up to a broader consumer base but also aligns with its mission to remain at the forefront of innovation, echoing the forward-looking ethos of the crypto industry.

The Company is also excited to announce that Noochies! has won the Pet Business Industry Recognition Award for dog/cat food toppers for its recently launched line of Sprinkles. To showcase its award-winning products, the Noochies! team will be at multiple industry and consumer shows in early 2025. The Noochies! team will be forging new relationships with retailers and distributors. For more information about the Pet Business Award, please visit: https://digitalmag.petbusiness.com/petbusiness/library/page/december_2024/68/.

Key Takeaways

• Noochies! (https://www.noochies.co/) now accepts payment in popular cryptocurrencies including bitcoin (BTC), ethereum (ETH), solana (SOL), and dogecoin (DOGE).
  
• Noochies! recently won a Pet Business Industry Recognition Award for their Sprinkles line of supplements.
  
• To showcase its award-winning products, Noochies! will have a presence at key industry shows in the new year

Consumer and Industry Shows

Noochies! will be participating in multiple consumer and industry shows in early 2025 including The Super Pet Expo in Edison, NJ from January 3-5th and Global Pet Expo in Orlando, FL from March 26-28th.

Super Pet Expo (https://superpetexpo.com/) is New Jersey’s largest consumer animal and entertainment event and is expected to draw an attendance of 20,000 people over 3 days. Noochies! products including dog snacks and the recently released Sprinkles line of supplements/toppers will be available at the event for consumers to sample and purchase.
Global Pet Expo (https://globalpetexpo.org/) is the pet industry’s premier event featuring the newest, most innovative pet products. Global Pet Expo is open to independent retailers, distributors, mass-market buyers, and other qualified professionals. Attendance is expected to be over 20,000 people from 85 different countries. The Noochies! team will have a booth and will be forging new relationships with distributors and retailers.

Management Commentary

Mitchell Scott, CEO of CULT Food Science, commented, “We’re excited to expand Noochies! payment options to include cryptocurrency, further embracing innovation and convenience for our customers. Winning the Pet Business Industry Recognition Award for our Sprinkles line highlights our commitment to leading the pet nutrition sector, and we’re eager to continue driving growth with new opportunities in 2025.”

About CULT Food Science

CULT Food Science is a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry. CULT’s robust portfolio of investments in cutting-edge, venture-backed cellular agriculture and lab-grown meat companies provides widespread investor access to the future of food. Backed by a team of experts with extensive experience in food technology and launching consumer food products, CULT is committed to being at the forefront of the food revolution.

About Further Foods

Further Foods is revolutionizing pet nutrition through its innovative brand, Noochies! Noochies! leverages advanced cellular agriculture technologies to create pet food products with superior nutrition profiles and ethical standards. Noochies! recently introduced the world’s first freeze-dried, high-protein, nutrient-rich pet treats made without factory farming. Noochies! products are currently available for sale in the United States and Canada at select retailers and online at https://www.noochies.co/.

Additional information can be found by viewing the Company’s website at cultfoodscience.com or its regulatory filings on sedar.com.

On behalf of the Board of Directors of the Company,

CULT FOOD SCIENCE CORP.

“Mitchell Scott”
Mitchell Scott, Chief Executive Officer

Forward-Looking Information:

Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include but are not limited to the following risks: those associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and except as required by law, the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. For further information on risk, investors are advised to see the Company’s MD&A and other disclosure filings with the regulators which are found at sedar.com.

SOURCE Cult Food Science Corp

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