Lion Returns To Roar

How we doing Lion's I trust you have all been safe and well and holding the fort whilst I was supporting my partner with her re-election campaign. It has been a very busy past few weeks and while it isn't fully over the main brunt has concluded so I will be slowly returning to report on the most breaking crypto currency news. -0-rena

And a lot has been happening and as we can see Ripple (XRP) continues to dominate headlines. So let's take a look at some of the other important things happening in the sector!

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Latest Analytics Report

with major events shaping market sentiment. Bybit and Block Scholes have released a report examining crypto derivatives in the run-up to the U.S. election and Ripple’s cross-appeal in its ongoing legal battle with the [U.S Securities and Exchange Commission (SEC)[https://leofinance.io/@leoglossary/leoglossary-securities-and-exchange-commission-sec) which continues to capture attention. Let’s unpack the key highlights and insights from this week’s crypto news.

With the U.S. presidential election looming, the cryptocurrency derivatives market is showing signs of optimism. The Bybit and Block Scholes report reveals that traders are positioning themselves for potential post-election gains. The report indicates that despite the recent dip in spot prices traders are holding onto bullish feelings. As evidenced by the increased open interest in call options, futures and perpetual contracts across various tokens.

Funding Rates Increase

One of the key takeaways from the Bybit-Block Scholes report is the consistently strong funding rates for perpetual contracts across major tokens, including Bitcoin (BTC) and Ethereum (ETH), as well as more niche tokens like Dogecoin (DOGE). Positive funding rates signal that traders are willing to pay a premium to hold leveraged long positions reinforcing the bullish outlook for the crypto market in anticipation of potential election related impacts.

The report showcases that Bitcoin call options currently dominate open interest, highlighting traders positive sentiment towards Bitcoin's price trajectory. A primary driver of this trend is the increasing 14 day implied volatility for options. This has surged as traders anticipate election results. Implied volatility for shorter-term tenors, such as seven-day options has decreased showing that investors are focusing on medium term market dynamics rather than immediate price fluctuations.

for a full copy of the report you can get it HERE

Ripple Continues to have legal issues

The latest news on Ripple showcases ongoing legal issues and with Ripple’s ongoing case with the SEC could reshape the regulatory landscape for digital assets in the U.S. Depending on the court’s ruling. The outcome could set a new precedent for how crypto currencies are classified and regulated, impacting the wider crypto industry and potentially encouraging clearer guidelines for token issuers and investors. But this is almost a battle as long as Crypto has been around itself so eventually one party is bound to run out of money.

image sources provided supplemented by Canva Pro subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.

Posted Using InLeo Alpha