$ETH options trading is leaning bearish ahead of a scheduled upgrade to the Ethereum network this week that will allow lots of ether 'stakers' to sell their tokens. godbole17 reports.
their tokens following Ethereum's Shanghai upgrade on Wednesday, driving prices lower despite analysts suggesting otherwise. Skew measures the cost of calls relative to puts and reflects what people are willing to pay to acquire an asymmetric payout on either the upward or downward direction of the market. The Shanghai upgrade will open withdrawals of more than 18 million ETH staked in the Beacon Chain since December 2020.
The launch of the new fund is part of the exchange's"go beyond derivative" strategy aimed at driving the adoption of crypto and Web3, Gracy Chen, Bitget's managing director, told CoinDesk.even as token valuations recover from the 2022 crash. Decentralized exchange SushiSwap suffered an exploit on Sunday involving the ‘RouterProcessor2’ contract used for trade routing on the exchange and led to a loss of more than $3.
The higher rate hike odds may put a floor under the dollar index and cap gains in risky assets, including cryptocurrencies.
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