bvi

According to The Block, the Chicago Mercantile Exchange Group (CME Group) plans to launch cash-settled Bitcoin volatility futures on June 1, pending regulatory approval.The product trading code is BVI, with a contract multiplier of $500 times the BVX index value, and will settle to the CME CF Bitcoin Volatility Index (real-time 30-day implied volatility metric). Giovanni Vicioso, global head of CME cryptocurrency products, stated that this move allows traders to directly trade and hedge Bitcoin volatility without making directional bets on the price of Bitcoin.

According to The Block, Bitcoin has once again retreated after a recent rebound, falling below the $70,000 mark. The macro environment is becoming cautious, and the market still faces uncertainty. Analysts point out that since the escalation of the conflict in Iran, spot market buying has significantly increased, but ETF fund flows have reversed after three consecutive days of net inflows. The current market is still digesting multiple uncertainties, including the escalation of geopolitical conflicts, profit pressures in the tech industry, and vulnerabilities in the private credit market. If oil prices continue to rise, pushing yields higher, it may limit the further rebound potential of risk assets.In terms of derivatives, there are currently no obvious signs of excessive leverage. The growth of open interest is basically in sync with spot demand, and funding rates remain at moderate levels. Overall, the crypto market is still in a delicate balance between improving spot demand and macro pressures.

According to the official announcement, the Gate Index section will launch the BVIX (BTC Volatility Index) and EVIX (ETH Volatility Index) perpetual contract spot trading (USDT settled) at 15:00 (UTC+8), supporting 1 -- 50 times leverage.Gate Index perpetual contracts are based on mainstream global indices and volatility indices, introducing market sentiment indicators into the crypto derivatives trading system. While maintaining the advantages of USDT settlement and 24/7 trading, it provides users with trading options that are more aligned with the global macro market. As an important indicator of market uncertainty, the rise and fall of the VIX reflects changes in investors' expectations of risk and is often used for hedging and risk avoidance. Its launch further provides investors with more specialized trading tools, expanding cross-market trading and strategic layout opportunities.

ChainCatcher news, according to Jinshi reports, institutional assessments of cryptocurrency trends show that starting from September 22, 13:59 Beijing time, Bitcoin faced heavy selling pressure, dropping more than 2% in a short period, while Ethereum fell by 5%. Other cryptocurrencies were also affected, with Solana dropping 7% in 3 minutes. Although Bitcoin fell to the critical level of 111,900, the price rebounded shortly after as buyers returned to take advantage of the dip.

ChainCatcher news, according to trader Eugene Ng Ah Sio's post in his personal channel, he has paused trading and temporarily stepped away from the market, waiting for obvious irrational pricing to return, feeling that now should be a season to reduce operations.Previously reported, on August 5, trader Eugene had taken profit on his ETH long position.

ChainCatcher news, CryptoQuant analyst Axel posted on platform X that the average daily trading volume on the network has increased from 340,000 to 364,000 transactions over the past two days, an increase of about 24,000 transactions. However, this level is still below the peak range of 530,000 to 666,000 transactions during 2023-2024. Currently, holders are responding calmly to the rise, with no significant selling behavior observed, reinforcing the bullish signals from both the market fundamentals and technical aspects.

ChainCatcher News, Senate Democrats blocked stablecoin legislation supported by the digital asset industry, and Trump's extensive and growing cryptocurrency portfolio has caused a stir.The bill's supporters failed to reach the required 60 votes in Thursday's vote, with a tally of 49 to 48. There is still a possibility for both sides to reach an agreement in the coming weeks, as many Democrats argue that stablecoin regulation is crucial for protecting consumers and providing guidelines for this emerging industry. Trump has recently been heavily promoting the TRUMP coin named after him, and after the token's organizers launched a marketing campaign stating "the largest holders can dine with the president," token sales surged. Democratic Senator Warren and others have claimed that such measures exhibit clear corruption.

ChainCatcher news, Goldman Sachs interest rate strategists noted in a report that there have been no significant signs in recent weeks indicating that foreign investors are massively selling U.S. Treasuries, but global portfolios are expected to gradually adjust.The strategists stated, "The reset of the risk premium on U.S. Treasuries and the weakening of the dollar are adjustments needed to compensate for the deterioration of risk portfolios and incentivize future demand from global investors." They pointed out that in an environment of increasing supply of safe assets, U.S. Treasuries may face pressure due to the gradual adjustment of global portfolios, "but the scale of foreign holdings combined with specific U.S. risk factors at least reinforces our view that the adjustment of relative risk premiums should have a certain degree of persistence."

ChainCatcher news, according to the International Business Times, U.S. Representative Gerald Connolly, a Democrat from Virginia, is pressuring the U.S. Treasury to halt plans to establish a strategic Bitcoin reserve. In a letter to Treasury Secretary Scott Bessent, Connolly pointed out that the plan, issued by Trump through an executive order, has "obvious conflicts of interest" and provides "no clear benefit to the American people."As a senior Democrat on the House Oversight and Government Reform Committee, Connolly questioned the necessity of establishing a Bitcoin reserve, noting that the U.S. has historically created strategic commodity reserves through "congressional legislation" rather than investing in the highly volatile cryptocurrency market. He also emphasized that the reserve would benefit Trump and his family and allies, rather than American taxpayers.

ChainCatcher message, Paradigm researcher samczsun mentioned on X regarding the promotion scams of Meme coins on social media: "It's a very simple idea: the next time a large account is hacked and promotes an obvious scam, maybe the front end should manually remove that scam? Of course, no one would oppose this, unless the goal is to allow people to gamble in a casino?"

ChainCatcher news, VanEck CEO Jan Van Eck stated in an interview with CNBC that Bitcoin is a very obvious appreciating asset at present. The appreciation and growth potential of Bitcoin will be as important as that of gold.Jan Van Eck also mentioned that VanEck was one of the first funds to launch the first gold ETFs in the U.S. As early as 2017, VanEck began in-depth research on Bitcoin and submitted an S-1 application to launch the first Bitcoin futures ETF.

ChainCatcher message, Scopescan posted on X that it has reviewed the relevant addresses but has not found any obvious transaction evidence that Banana Gun was hacked. Users who have had their funds stolen can inform their address.

ChainCatcher news, BitOoda's Managing Director and former Wall Street bond trader Vivek Raman stated that the launch of the Ether ETF will address most of the risks associated with Ether, making the second half of 2024 potentially the most bullish period for Ether.Vivek Raman believes that retail investors only want to invest passively, while institutions only want to invest after regulatory clarity. The ETH ETF will simultaneously unleash new capital inflows from both.

ChainCatcher news, according to Cointelegraph, in response to today's decline in the crypto market, Henrik Anderrson, Chief Investment Officer of asset management company Apollo Crypto, stated that he cannot determine the main reason for the market drop—however, he believes that the recent decrease in interest for Bitcoin spot ETFs may be one of the factors.Anderrson stated, "From what I can see, there is no obvious catalyst, but it seems that the negative flow of BTC ETFs has led to weakness in altcoins, triggering liquidations of leveraged long traders in Bitcoin, Ethereum, and Dogecoin."

ChainCatcher message, Binance CEO Changpeng Zhao stated that if the exchange has to transfer a large amount of cryptocurrency before or after showing the amount of funds in its wallet address, it is obviously a sign of a problem. Stay away and keep your funds safe. (Source link)

ChainCatcher news, Musk published a short post on Twitter explaining his motivations and vision for acquiring Twitter. Musk stated that he hopes there will be a place in the world for healthy debates on broad beliefs. He noted that the current unchecked freedom of speech has allowed a large amount of media information driven by profit to fuel "extreme divisive social hatred," and claimed that "Twitter cannot be called a hell where everyone can freely express themselves."In addition, Musk mentioned that if Twitter's advertising business is done well enough, it will benefit users and the ecosystem, and he is equally committed to making Twitter an excellent "advertising platform." (source link)