STRIKE

Biden authorizes Ukraine to use U.S. missiles to strike targets within Russia

ChainCatcher news, according to reports from Bloomberg and the Associated Press, the outgoing Biden administration seems to be desperately undermining the global geopolitical landscape and has authorized the lifting of some restrictions on Ukraine's use of Western-made weapons to strike military targets within Russia.This decision is reportedly due to North Korea increasing its support for Russian President Putin's army, as well as Russia ramping up missile and drone attacks on its neighbors. This approval marks a significant shift in U.S. policy and comes as Biden is about to leave office, while the incoming elected president Trump has stated he will quickly end the war and has expressed skepticism about continued U.S. support. Ukrainian President Zelensky has long urged allies to allow the use of Western weapons to strike military targets within Russia. He believes this decision will enable Ukraine to better defend against attacks on its critical infrastructure and cities.Insiders say that if approved, this capability may first be used in Russia's Kursk region, where Ukraine is currently fighting against North Korean and Moscow forces. However, one insider mentioned that even if any permission is granted, it is unlikely to reach the extent that Ukraine has requested.It is reported that Ukraine plans to conduct its first long-range strike in the coming days, likely using the Army Tactical Missile System (ATACMS). (Jinshi)

Metaplanet rolls over Bitcoin put options to a higher strike price, gaining a premium of 5.9 BTC

ChainCatcher news, according to The Block, Japanese listed company Metaplanet has transferred its Bitcoin put options disclosed on October 3, adjusting the strike price from $62,000 to $66,000, as the company remains optimistic about the outlook for the largest cryptocurrency. A roll of options is a strategy where investors close existing options positions while opening new positions in the same options at a higher strike price. Essentially, this is a way to increase the strike price of options positions.Metaplanet announced on Wednesday that the transaction aims to replace the existing Bitcoin put options with new options at the updated strike price, while maintaining December 27 as the expiration date. Metaplanet CEO Simon Gerovich wrote in an X post: "This increases the nominal yield of our options sales and generates an additional ¥57.9 million in premiums, bringing total premium income to ¥272.5 million, which will be included in this year's revenue." The company noted that the margin collateral remains unchanged at approximately $13.8 million, sourced from the proceeds of its stock options exercise.Specifically, the transaction executed by Metaplanet includes repurchasing 223 Bitcoin put options with a strike price of $62,000 while selling the same number of put options at the higher strike price of $66,000. The company stated: "This adjustment has increased the company's nominal yield by 2.65%, reaching 13.40%," and added that it received a total premium of 5.9 BTC.
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