ChainCatcher message, Greeks.live macro analyst Adam posted on platform X that this week is Thanksgiving, with economic events and data concentrated on the Wednesday before Thanksgiving. The U.S. stock market will be closed on Thursday and Friday, and the recent performance of crypto-related U.S. stocks has been significant, showing a high correlation with crypto, so it’s worth paying close attention.Bitcoin is just one step away from 100,000 USD, needing just a final push. ETH also rebounded significantly last week, driving altcoins to rise across the board, with the crypto market's trend gradually shifting back from Meme to the main market. There was a slight pullback over the weekend, but the market's absorption capacity is very strong, with bulls being very aggressive in the spot bull market. The options market remains relatively stable, and large trades and market interest rates are worth monitoring.Currently, the implied volatility (IV) for major maturities is at a relatively low level, making it a good opportunity to position some mid-to-long-term options with decent cost-effectiveness. The crypto interest rate market, particularly Bitfinex, has been relatively stable recently, and it’s advisable to actively transact when suitable interest rate orders arise, especially during market movements.

ChainCatcher news, Greeks.live researcher Adam posted on social media that as the cryptocurrency market continued to rise yesterday, the options market saw a large number of block trades. In the past 24 hours, the total trading volume in the crypto options market exceeded $1.2 billion, with Bitcoin put options having the highest trading volume at $530 million, accounting for a quarter of the total trading volume for the day.The largest single trade had a notional value of $66 million, specifically:Sold 500 Bitcoin put options expiring on March 28, 2025, with a strike price of $40,000, each for 0.0130 BTC, with an implied volatility of 60.50%.Bought 500 Bitcoin put options expiring on December 27, 2024, with a strike price of $40,000, each for 0.0042 BTC, with an implied volatility of 67.85%.This deeply out-of-the-money calendar spread trade shows that the trader collected about $300,000 in premiums, leaning overall bullish, but the specific trading intent is difficult to determine accurately. Greeks.live analysis suggests that the selling power in the options market has been strong recently, especially with put options being priced favorably. Although the cost of buying put options is low, it also indicates that most market participants do not have a positive outlook in that direction.

ChainCatcher news, according to Cointelegraph, DBS Bank will launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients, continuing to offer financial products linked to Bitcoin and Ethereum. Although DBS Bank did not disclose specific dates, the bank stated that the issuance of related cryptocurrency products will begin sometime in the fourth quarter of 2024.

ChainCatcher news, according to Bloomberg, Goldman Sachs' institutional clients in the Asia-Pacific region have shown renewed interest in Bitcoin, Ethereum, and other crypto assets.Max Minton, head of digital assets at Goldman Sachs Asia-Pacific, said in an interview: "The recent ETF approvals have sparked renewed interest and activity among our clients." Many of our large clients are actively participating or exploring activities in this space. "Minton explained that most of the new demand is primarily coming from Goldman Sachs' existing clients, who are participating through the bank's options and futures products, with hedge funds being the most active clients.

ChainCatcher news, the cryptocurrency options exchange Deribit tweeted that it has launched three spot trading pairs: BTC/USDT, ETH/USDT, and USDC/USDT.

ChainCatcher news, according to CoinDesk, the crypto options trading platform Deribit will launch futures products linked to Deribit's Bitcoin Volatility Index (DVOL) at the end of March, aiming to provide digital asset investors with a simpler way to hedge against market volatility than options.It is reported that DVOL was launched in early 2021 and calculates Bitcoin's 30-day implied volatility using Deribit's options order book. Deribit initially offered futures with a 1-month expiration, with plans to expand to 5 months in the future. (source link)

According to Chain Catcher, citing sources from The Block, the crypto derivatives exchange Deribit has completed a new round of financing, with a valuation of $400 million and a funding amount of $40 million. Existing investors such as QCP Capital, Akuna Capital, and Dan Tapiero's 10T Holdings participated in this round of financing.Previous report mentioned that Deribit was affected by the liquidation of its shareholder Three Arrows Capital in June this year, resulting in some losses. According to one source, due to the impact of Three Arrows Capital and the current weak market conditions, the latest financing was significantly discounted. It is reported that in August 2021, Deribit completed a $100 million financing at a valuation of $2.1 billion. (The Block)