• Ether options call-put skew showed bearish put options trading at a slight premium to bullish calls, suggesting lingering concerns that some “stakers” might rush to liquidate their tokens.
• Crypto derivatives trading platform Bitget announced a $100 million Asia-focused Web3 fund as part of its “go beyond derivative” strategy.
• Security issues continue to haunt the crypto market even as adoption and platforms expand.
Ether Options Tilting Bearish
Ether options call-put skew showed both short-term and long-term bearish put options trading at a slight premium to bullish calls, indicating lingering concerns that some “stakers” might rush to liquidate their tokens following Ethereum’s Shanghai upgrade on Wednesday and drive prices lower despite analysts suggesting otherwise. Skew measures the cost of calls relative to puts and reflects what people are willing to pay to acquire an asymmetric payout on either the upward or downward direction of the market. Ether rose 1.4% to $1,860 early Monday.
Bitget Launches Asia-Focused Web3 Fund
Crypto derivatives trading platform Bitget announced a $100 million Asia-focused Web3 fund on Monday, validating the narrative that the next wave of blockchain development will come from the East. The launch of the new fund is part of the exchange’s “go beyond derivative” strategy aimed at driving the adoption of crypto and Web3, Gracy Chen, Bitget’s managing director, told CoinDesk.
Security Issues Continue To Linger
Security issues continue to haunt the crypto market even as adoption and platforms expand. Recent hacks such as those affecting KuCoin have highlighted vulnerabilities in exchanges’ security protocols, while other issues such as scams targeting investors through social media have also been observed recently. Despite these challenges, institutional interest in cryptocurrencies has grown steadily over recent months with several high profile figures investing in Bitcoin (BTC) or launching their own token projects.
Franklin Templeton CEO Discusses Investments In Crypto
Featured Speaker Jenny Johnson President and CEO Franklin Templeton will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her long term outlook for digital asset investing during an upcoming event hosted by CoinDesk MarketsFirst Mover Americas on April 14th 2021 at 12:00 pm (EST). Secure Your Seat!
Conclusion
The latest price moves in crypto markets show ether options tilting bearish due to lingering concerns about stakers liquidating their tokens after Ethereum’s Shanghai upgrade this week; however Crypto derivatives trading platform Bitget launched a $100 million Asia-focused Web3 fund showing confidence in blockchain development from Eastern countries while security issues still linger across all platforms despite greater institutional interest being seen recently globally for cryptocurrencies investments..