ChainCatcher news, according to Coindesk, Polymarket data shows that the probability of Trump winning has now dropped to 62% (previously peaked at 67%). Some observers believe that the rising odds reflect hedging positions among traders, as they are hedging risks by betting on Harris winning, following earlier reports of "voting irregularities involving Trump."Furthermore, researchers have pointed out that if traders can access both Robinhood Securities and Polymarket simultaneously, there is currently a good arbitrage opportunity. Users can bet on Trump winning on Robinhood and bet on Harris on Polymarket, ensuring a profit regardless of who wins (Harris's winning odds on Robinhood Securities are relatively higher than on Polymarket).

ChainCatcher news, according to CoinDesk, the structured mining power protocol Alkimiya announced the introduction of a tool that allows users to hedge against the volatile Bitcoin transaction fee rates.Additionally, data from RootData shows that the project was established in 2021, with investors including Dragonfly, Castle Island Ventures, 1KX, GMR, Coinbase Ventures, Circle Ventures, Tribe Capital, and Robot Ventures.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on social media that the hash price of Bitcoin has reached an all-time low. Many mining companies have slowed down their investments in mining machines, and some companies are turning to other PoW currencies to hedge against market uncertainty.Hash price is a term created by Bitcoin mining service company Luxor, referring to the expected value generated per day for every 1 PH/s or 1 TH/s of computing power. This metric quantifies the benefits that miners can expect to gain from a specific amount of computing power.

ChainCatcher news, according to The Block, Bitcoin options on Deribit are nearing expiration, with the put/call ratio rising to 1.66. A ratio above 1 indicates that there are significantly more put options traded than call options. This suggests that more investors are betting on or hedging against a price decline rather than an increase.Deribit CEO Luuk Strijers stated that Friday's large quarterly expiration may be affected by the "quadruple witching" in the U.S. markets and the associated volatility. Quadruple witching occurs four times a year, around the end of each quarter, when index futures, index options, stock options, and futures contracts expire simultaneously. A large number of contracts expiring may impact spot prices, as position liquidations and contract rollovers can lead to significant price fluctuations. However, spot prices close to the maximum pain point may alleviate some of this impact, as the maximum pain point represents the level at which the most options contracts expire worthless.

ChainCatcher news, according to information released by Lin, the head of Deribit's Asia-Pacific business, today in a large BTC options trade, a user paid $3.617 million to sell a call option with a strike price of 65,000 expiring at the end of June, while simultaneously buying a call option worth $100,000 expiring at the end of March next year, totaling 250 BTC.According to official personnel, this type of operation is a common strategy recently, with a short-term bearish outlook and a long-term bullish outlook, using the premium obtained from selling options to lower the cost of purchasing long-term options, and making some hedges to reduce risk.

ChainCatcher news, venture capitalist Tim Draper, who has invested in Coinbase, Ledger, and Tezos, stated that in light of the situation during the Silicon Valley Bank collapse, startups should start using Bitcoin as a way to hedge against risks.

ChainCatcher News, the "Web3 Insight Summit" co-hosted by ChainCatcher, RootData, and Oak Grove Ventures, was held today at the Renaissance Hong Kong Harbour View Hotel. During the conference, Lin Chen, the head of the Asia-Pacific region for the cryptocurrency options exchange Deribit, delivered a speech titled "Deribit: Options Data Indicators and Hedging."Lin Chen explained the significance of several options data indicators from Deribit and shared how to use these indicators to guide trading. Among them, the DVOL Bitcoin Volatility Index is around 70%, indicating a high level. This means that the expected future high for Bitcoin is 1.7 times the current price, while the expected low is 1.3 times the current price, indicating significant volatility in Bitcoin prices.Lin Chen stated that through various options data indicators from Deribit, users can achieve considerable and stable returns.The "Web3 Insight Summit" is hosted by ChainCatcher, aiming to gather the most thoughtful and innovative senior professionals in Web3 from around the world to provide more constructive insights for the industry, present more industry insights, and help Web3 move towards the mainstream.

ChainCatcher news, according to The Block, the crypto trading fee hedging protocol Hedgehog announced the completion of a $1.5 million Pre-Seed round of financing, with participation from Marshland Capital, Tenzor Capital, Prometeus Ventures, 3Commas Capital, and Nothing Research.It is reported that Hedgehog aims to address the significant volatility of crypto trading fees and provide users with tools to cope with the price fluctuations of cryptocurrency trading fees.

ChainCatcher news, decentralized risk hedging strategy management company Umoja has completed a $2 million financing round, with participation from Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion, Blizzard (Avalanche), and others.It is reported that the company was founded by Robby Greenfield, former head of social impact business at ConsenSys, with the aim of helping users insure their market losses like hedge funds to ensure their financial health, and introducing asset risk management in the DeFi space. Currently, the company mainly serves the cryptocurrency sector, with plans to expand its decentralized hedging model to more digital asset areas such as digital bonds, real estate, and commodities in the future.

ChainCatcher news, according to the Financial Times, Galois Capital co-founder Kevin Zhou stated in a letter to investors that nearly half of the company's assets are trapped on the FTX platform and cannot be withdrawn.It is reported that Galois Capital manages over $200 million in assets and has been praised for its early detection of the Luna collapse crisis. (source link)

ChainCatcher news, cryptocurrency market maker and lending company Genesis Trading stated on Twitter that due to anticipated market volatility, they reduced risks through hedging and selling collateral, resulting in a loss of $7 million.Genesis Trading indicated that they do not have significant risk exposure to FTT and other tokens issued by centralized exchanges, with 95% of collateral in their lending business consisting of US dollars or stablecoins, Bitcoin, and Ethereum. Although they have trading relationships with FTX, there are no lending relationships. Currently, Genesis Trading's spot and derivatives lending and trading operations are still running normally. (source link)

ChainCatcher news, according to CoinDesk, reported that as of October 19, a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC) revealed that the crypto hedge fund Edge Capital Management raised $66.78 million across two DeFi-focused funds, with the company providing very little public information.The documents show that since its launch on February 1 of this year, the U.S.-based Edge DeFi Fund LP has raised approximately $28 million from eight investors. The company plans to provide more than a year for this fund. Another fund, the Edge DeFi Offshore Fund, based in the Cayman Islands, has sold about $38.6 million to six investors since it opened for sale in early October 2021. According to the SEC filing, the company may plan to raise further funds for these two funds, as it has not set any limits on their fundraising targets (source link)