ChainCatcher news, SynFutures Perp Launchpad is the industry's first perpetual contract issuance platform focused on the derivatives market. It has currently launched PumpBTC, solvBTC, Virtual, Klima, Blocklords, and various MEME tokens, with a cumulative trading volume exceeding 100 million USD. Projects joining the Launchpad only need to provide initial liquidity using their project tokens to launch the corresponding perpetual contract market. At the same time, SynFutures has set up a 1 million USD incentive program to provide funding support for trading competitions, market promotion, community activities, etc., helping projects enhance the activity and utility of their tokens in the on-chain market.According to DeFiLlama data, SynFutures is currently one of the largest on-chain derivatives trading markets. Since the mainnet launch in March, the cumulative trading volume has exceeded 20 billion USD, and just two weeks after launching on Base, it ranked first in trading volume, accounting for 50% of the total derivatives trading volume on the Base network in Q3. SynFutures previously announced that it secured 38 million USD in funding from top industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto, and the protocol has passed the audit by Quantstamp.

ChainCatcher news, according to The Block, in early trading on Tuesday, the price of Bitcoin rose from $69,000 to a solid breakthrough of $71,000, indicating that traders are increasingly optimistic about the U.S. elections a week away.Analysts point out that improved technical indicators, renewed inflows into spot Bitcoin ETFs, and broader macro factors (including speculation about a Trump victory and the seasonal strength of the market in the fourth quarter) support Bitcoin's continued upward trajectory.Bitfinex analysts stated, "'Trump trade' narratives and favorable seasonal factors for the fourth quarter have created a perfect storm for Bitcoin. Although prices may fluctuate before the election, an exciting period lies ahead."The options market also reflects an optimistic outlook for Bitcoin, with bullish positioning suggesting that the price of Bitcoin, the largest digital asset by market capitalization, could rise above $80,000 by the end of the year.

ChainCatcher news indicates that Ethereum derivatives market indicators show that investor sentiment is becoming optimistic. CryptoQuant's research director Julio Moreno stated that the 30-day moving average of the funding rate has turned positive, suggesting that futures traders' bullish sentiment is strengthening.Moreno pointed out that this upward trend follows a long-term decline, indicating that market participants may be turning more optimistic.Coinglass data shows that since the Federal Reserve cut interest rates on September 18, the open interest weighted funding rate for Ethereum has been on a positive trend, currently at 0.0089%. QCP Capital analysts also noted an improvement in funding rates on major exchanges, believing this is related to the recent rate cuts. Since the Federal Reserve lowered the federal funds rate by 50 basis points on September 18, the price of Ether has increased by over 17%, outperforming Bitcoin's 10% increase during the same period.

ChainCatcher news, according to Cointelegraph, the price of Solana (SOL) has been weakening recently, with a weekly decline of 19.14% at the end of August, marking the second largest drop since 2024. Data shows that SOL has closed below the 200-day moving average for several consecutive days, the first time since September 2023. Technical analysis indicates that SOL is facing a test of the key support level at $127. Since April 2024, SOL has briefly fallen below $120 six times, but each time it managed to close above $127. However, this decline has lost the support of the 200-day moving average, and if it breaks below $127, the next target price could be $110.In the derivatives market, open interest has risen by 20%, and the funding rate has been negative for a week, reaching -0.001, the lowest since 2024, further confirming the bearish sentiment in the market. On-chain activity shows that the DEX trading volume in the Solana ecosystem dropped to $7.7 billion last week, hitting a six-month low. Independent trader Bluntz_Capital pointed out that the SOL/BTC weekly chart is performing poorly and may have peaked. If the market remains bearish in September, SOL could retest the demand zone of $98-104. In the worst-case scenario, SOL may fall below the $100 mark.

ChainCatcher news, a report jointly released by Block Scholes and Bybit, indicates that during the recent significant sell-off when BTC fell below $59,000, the open positions in the futures market remained stable, suggesting that traders reduced their leveraged positions, thereby limiting the risk of forced liquidations.The report notes that this pattern has been consistent throughout the year, reflecting the cautious attitude adopted by market participants during periods of increased volatility. The report highlights the positive changes in TON funding rates following major market events, further indicating a rekindled interest in leveraged positions. It also reveals the market's perspective on the upcoming U.S. presidential election. According to the analysis, the volatility term structure suggests a strong bullish sentiment for cash call options expiring after the election. This implies that traders expect a favorable environment for crypto assets post-election.Additionally, the report observes a sustained demand for downside protection with short-term expirations, reflecting a cautiously optimistic sentiment in the market. The findings from Block Scholes and Bybit suggest that a mature crypto derivatives market can quickly adapt to changing dynamics. Even amid significant events, the market has remained stable, indicating that traders' confidence is strengthening.

ChainCatcher news reports that K33 Research indicates signals emerging from the Bitcoin derivatives market show that the risk of a "short squeeze" is increasing, which could trigger a significant rebound in Bitcoin. This indicator is the funding rate of Bitcoin perpetual futures, which helps measure the bullish or bearish sentiment of speculators.K33 Research states that the seven-day average annualized funding rate as of August 20 is at its lowest level since March 2023, indicating that bearish bets are dominating. K33 Research analysts Vetle Lunde and David Zimmerman wrote in a report, "The perpetual swap funding rate has been negative over the past week, while open interest has surged, indicating aggressive shorting behavior, structurally creating a favorable situation for a short squeeze in the near term."In this short-term squeeze, unexpected price jumps force fast-money traders to close their short positions, further driving the price rebound.Recent sentiment in the Bitcoin market has been quite gloomy: losses were recorded in August, and it has struggled to maintain above $60,000. Meanwhile, global stock indices have rebounded to record highs, and gold has also reached new highs.

ChainCatcher news, Abra's head of over-the-counter options trading Bohan Jiang stated that the recent macroeconomic downturn has caught the derivatives market off guard, with the Chicago Board Options Exchange's Volatility Index (VIX) soaring. In the past 24 hours, the VIX has surged above 65 points, marking the highest level since the market panic at the onset of the COVID-19 pandemic.Bohan Jiang said, "I expect that the implied volatility in the cryptocurrency market will remain high until macro factors stabilize. Most options market participants were not prepared for the recent macroeconomic recession. As the macro narrative shifts, the cryptocurrency market still tends to trend upward; there is almost no hedging against downside risks."

ChainCatcher news, according to The Block, despite the developments that may exacerbate the downside risks for Bitcoin, such as the Mt. Gox trustee announcing the repayment of debts in Bitcoin and BCH in July, and German authorities seizing over $2.1 billion worth of 50,000 Bitcoins from pirate activities, the put-call ratio for Bitcoin options remains optimistic. Analysts point out that with the expiration of Bitcoin weekly, monthly, and quarterly options this Friday (June 28), derivatives market indicators continue to show bullish sentiment towards Bitcoin.Cube.Exchange CEO Bartosz Lipinski stated that the number of call options far exceeds that of put options, especially at price levels above $65,000, which reflects more of the bullish sentiment from the beginning of the month rather than the current market conditions. Bitfinex analysts also noted that the put-call ratio at the end of June's quarterly expiration was 0.53, indicating a widespread bullish sentiment among traders.

ChainCatcher news, analysts indicate that Ethereum options open interest is predominantly in call options, reflecting traders' expectations for ETF trading. Recently, the implied volatility of Ethereum call options has been higher than that of Bitcoin, suggesting that derivatives market participants expect Ethereum prices to rise.QCP Capital analysts added, "The front-end volatility of Ethereum may still be 15-20 vol points higher than that of Bitcoin, and Ethereum's bias may still favor call options. However, a potential breakout in Ethereum prices will have to wait until the S-1 approval becomes clearer."

ChainCatcher news, according to official sources, the Singapore cryptocurrency exchange WOWEX will officially launch on April 6, with a focus on derivatives market trading.The WOWEX trading platform officially stated that the team employs advanced encryption protocols, multi-factor authentication, and regular security audits to enhance the security of user assets. By collaborating with several excellent Market Makers, they ensure smooth trading liquidity and optimal slippage for users, guaranteeing a positive trading experience.

ChainCatcher news, according to TheBlock, digital asset broker FalconX has partnered with crypto index company CF Benchmarks to provide users access to the regulated crypto derivatives market through swaps, options, and non-deliverable forward contracts settled to a single asset reference rate.These contracts are settled based on indices managed by CF Benchmarks (a FCA-regulated cryptocurrency index provider), offering exposure to Bitcoin settled against the CME CF Bitcoin Reference Rate, as well as exposure to Ethereum settled against the CME CF Ether-Dollar Reference Rate.

ChainCatcher news, according to Coindesk, the debt market platform OPNX, founded by Zhu Su and others, had extremely low trading volume on its first day. As of the time of publication, only two trades had been executed across all spot and derivatives markets on the platform, with a total value of $1.26. It remains unclear whether OPNX is facing challenges in attracting new customers or if there is a lack of demand.OPNX CEO Leslie Lamb has not yet responded to requests for comment. OPNX co-founder Kyle Davies previously stated that OPNX would not have internal market makers, and he believes this decision will not limit liquidity. (source link)

ChainCatcher News, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam stated to the Senate Agriculture Committee on Wednesday that Ethereum is the second-largest cryptocurrency after Bitcoin and is considered a commodity. Ethereum has been listed on CFTC exchanges for a long time, and the CFTC has direct jurisdiction over its derivatives market and underlying market. (decrypt)

ChainCatcher news, on-chain derivatives market maker Rysk Finance has completed a $1.4 million Pre Seed funding round, led by Lemniscap, with participation from Encode Club, Ascensive Assets, Starbloom, Yunt Capital, Manifold Trading, and angel investors Hype.eth, Ivangbi, Windra Thio, among others.It is reported that Rysk Finance conducts on-chain market making for DeFi derivatives, and its flagship product, Dynamic Hedging Vault (DHV), is a dynamic new type of autonomous options AMM that generates returns for liquidity providers through trading options. (source link)

ChainCatcher news, the decentralized derivatives exchange KTX has surpassed a total trading volume of 1 billion USD on the BSC testnet. The KTX testnet went live on January 9, 2023, and since its launch, KTX has had over 1,200 unique addresses and more than 15,000 transactions. The KTX testnet will continue until the mainnet launch in the first quarter of 2023. Traders can earn rewards while trading on the KTX testnet.It is reported that KTX is a decentralized derivatives trading protocol on the BNB chain, utilizing a single multi-asset pool to enable leveraged trading. Traders can use leverage of up to 50 times while enjoying low swap fees and no counterparty risk. Essentially, traders are trading against the KTX local liquidity pool or KLP pool. (Source link)

Chain Catcher news, crypto trading analyst @DU09BTC tweeted that due to the fixed price oracle quotes used by the derivatives protocol GMX, traders exploited this attack vector to manipulate the price of AVAX on GMX and made a profit of $1 million. He urged users not to hold GLP tokens, or they risk losing all their funds on GMX.It is reported that GMX responded by acknowledging feedback from the monitoring system and community members, and has limited the open position cap for AVAX to $2 million (long) and $1 million (short), while the GLP and GMX trading markets remain unaffected. (source link)