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Bitcoin derivatives markets are signaling new bullishness with Bitcoin (BTC) options open interest (OI) at a record high of $63 billion, dominated by higher strike prices, according to CoinGlass.OI also hit an all-time high of $50 billion on crypto options exchange Deribit, “with puts at $100K gaining traction,” reported the Coinbase-owned derivatives platform on Thursday. Deribit is the world’s largest crypto options exchange, with about 80% of the total OI. Open interest refers to the number or value of all outstanding options contracts that have yet to expire or be settled.Record highs mean high engagement in crypto derivatives markets as traders…

Your keys, your coins.That’s one of the foundational promises of bitcoin and other cryptocurrencies, which remove the intermediaries standing between you and your money. But the phrase also carries a latent assumption Web3 companies would be wise to move on from: that any security problems are the holder’s problem, not theirs. That mindset may have worked when crypto was experimental. It doesn’t work when trillions of dollars and millions of people are involved.The design space for crypto has expanded enormously since Bitcoin was created over 15 years ago. There are apps and protocols, cryptocurrency exchanges, stablecoins, and dozens of token…

Institutional investors are pouring into CME Group’s regulated crypto derivatives markets, setting a series of records across futures and options tied to ether ETH$3,970.09, solana SOL$193.35 and XRP, CME told CoinDesk on Thursday.Since October 10, open interest across CME’s crypto futures and options has jumped 27%, a surge the exchange attributes to a shift away from offshore markets following a wave of liquidations last week.On Tuesday, open interest in ETH futures reached 48,600 contracts — the highest on record — with SOL and XRP futures also hitting all-time highs at 20,700 and 10,100 contracts, respectively.Options open interest hit $9 billion,…

Crypto markets were in rally mode on Thursday alongside sizable gains in stocks, a U.S. presidential pardon for Binance founder Changpeng Zhao, and ahead of tomorrow’s key reading on September inflation.In mid-afternoon U.S. trading, bitcoin BTC$111,479.84 was up 2.7% over the past 24 hours to $110,700, down a hair from the day’s high of $111,100. The action came following Wednesday’s strong decline which had pushed the price below $107,000. The Wednesday drop came following Tuesday’s sharp rise which had brought BTC as high as $114,000.The back and forth action is commonly known as a whipsaw pattern and usually results in…

In brief Solana Company says it has deepened its on-chain strategy by adding Twinstake and Helius as institutional validators, expanding its $396 million Solana treasury. The Nasdaq-listed firm, formerly a medical device maker, has rebranded as a Solana-focused treasury vehicle after a 96% stock decline this year. Chairman Joseph Chee said the firm is “leaning into market pressure,” as it pursues regulated staking and governance exposure to the Solana network. Solana Company (Nasdaq: HSDT), one of the few U.S.-listed firms holding Solana on its balance sheet, has expanded its digital asset treasury operations by partnering with staking providers Twinstake and…

Coinbase CEO Brian Armstrong says he’s optimistic that US senators are moving closer to advancing key cryptocurrency market structure legislation by Thanksgiving, suggesting that there’s now far more agreement on both sides of the aisle than there are differences.“Even though the government is shut down, the Senate is working hard on getting market structure legislation passed for crypto,” Armstrong said in a video posted on X.According to Armstrong, roughly 90% of the legislative framework has already been agreed upon, with the remaining 10% focused on issues like decentralized finance (DeFi). He added that policymakers are looking for ways to protect…

Bitcoin’s next move higher will be determined by at least three factors, according to analysts. Bitcoin has been rangebound for the past week, trading around a support and resistance zone at $108,000; however, its next move up could be very soon, say analysts. This year has largely been a “positioning reset for Bitcoin’s market structure in spot and derivatives,” said crypto entrepreneur Joe Consorti on Thursday. He added that there has been long-term holder distribution above $100k and $110k, “paired with macro headwinds preventing a sustained bid to counteract the distribution,” and this has all been capped off by a…

In brief Trezor launched its Trezor Safe 7 hardware wallet this week. The company said it is built with a ‘quantum-ready’ bootloader and architecture. Chainalysis data shows $2.17 billion was stolen from crypto services in the first six months of this year. Trezor has launched a new version of its hardware wallet that it claims is prepared for a post-quantum world, saying it is taking aim at future threats to digital assets even as crypto crime surges today.“We anticipate future risks by building our devices to be secure not only against today’s threats but also tomorrow’s,” Tomáš Susanka, Trezor’s chief…

Today in crypto, Polymarket odds of SBF receiving a pardon this year have surged, Binance founder Changpeng “CZ” Zhao received a pardon from US President Donald Trump, clearing the way for a possible return to the exchange. Revolut secured a MiCA license from the Cyprus Securities and Exchange Commission.Polymarket bets that Sam Bankman-Fried gets pardon surge to 12%Polymarket bettors have now tipped a 12% chance that former FTX CEO Sam Bankman-Fried will be pardoned this year, after Binance CEO Changpeng “CZ” Zhao was let off the hook this week. Polymarket odds for “Who will Trump pardon in 2025” saw SBF’s odds rise from…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Will Sam Bankman-Fried, the former CEO of FTX, be pardoned?Bettors on Polymarket say its a long shot, but odds have jumped by 5 percentage points to 12% after Binance founder Changpeng ‘CZ’ Zhao was pardoned by Trump Thursday U.S. time. Over on Kalshi, there was a larger jump, where a contract asking about a SBF pardon rose by…