Devere Group CEO urges UK government to establish national Bitcoin reserve

Odaily Planet Daily News: Vetle Lunde, head of research at K33 Research, stated in an interview that the open futures contract positions on the CME derivatives exchange have reached a historic high. This is currently the way most US institutions purchase Bitcoin futures contracts. But many traders have been waiting for spot Bitcoin ETF options on major exchanges such as the New York Stock Exchange and Nasdaq, as it can enhance liquidity and provide hedging tools. Lunde stated that the demand for leveraged long exposure to Bitcoin and Ethereum is on the rise, with Volatility Shares' BTC exposure reaching a historic high. （CNBC）

Last night, BTC fell sharply by 6.5%, with a pullback of over 6460 points. According to the chip peak signal: BTC failed to successfully break through the chip pressure of $98580, and at the same time, Binance spot traders shipped $11.03 million at $98500, forming a meteor line pattern after a 90 minute cycle and reaching its peak. Subsequently, when the chip peak of $96010 was hit, it failed to stabilize and, with the support of the chip vacuum zone, accelerated its decline below $93000. Currently, BTC is testing chip support at $94340 and needs to be closely monitored. If it stabilizes, it may reach $96010 and support below $92000. Chip peak effect: ① Support: located below the price, the support does not break, and the price rebounds; If it falls below, the market will accelerate its decline; ② Pressure: Above the price, if the pressure does not break, the price will rebound; If there is a breakthrough, the price will accelerate its rise. The data is for reference only and does not constitute any investment advice!

Odaily Planet Daily reported that the Galaxy Digital trading team stated that the debut of BlackRock IBIT ETF options was a great success, with 353716 contracts traded on the first day. Galaxy believes that the trading activity will continue until January 2027, which is approximately half of Trump's presidency. The concentrated long-term activity level reflects investors' confidence in the long-term growth potential of ETFs, indicating bullish sentiment in the coming years So far, offshore cryptocurrency native platforms such as Binance and Deribit have been the main markets for Bitcoin derivative trading. Galaxy stated that there is a significant volatility premium between Deribit, CME, and IBIT, which may provide arbitrage opportunities for different platforms offering derivative trading. On Friday, over $9 billion worth of Bitcoin option contracts were due for delivery in Deribit, which could lead to increased price volatility as the expiration date approaches. Mike Novogratz, CEO of Galaxy Digital, said, "Currently, there is a significant amount of leverage in the system, and the funding rates for futures contracts remain high. The crypto community has done its best, so there will be adjustments

Foresight News reported that according to BubbleMaps monitoring, the new token JUSTICE launched by Mark Longo, the owner of internet celebrities Squirrel Peanut and Raccoon Fred, is strictly controlled, with 80% controlled by internal groups. Before announcing the token, Mark coordinated multiple sets of addresses to bundle the supply. In addition, the first 45 holders of JUSTICE received funds within a three hour window between 16:40:20 and 19:39:47 on November 24, 2024, from protocols or CEX hot wallets, indicating that one person or a small group of people controlled these wallets. Foresight News previously reported that Mark Longo, the owner of internet celebrity Squirrel Peanut and Raccoon Fred, has launched a new token called "Justice for Pnut and Fred (JUSTICE)" on the Solana blockchain to commemorate his pets. He also accused the crypto community of profiting from his personal trauma.

BlockBeats News: On November 26th, Katrina Ell, Senior Economist at Moody's Analytics, stated that Trump's announcement on social media of tariffs on major trading partners is a reminder of how much volatility his presidency could cause in the market. She said that in fact, there was no preparation before Trump announced the policy, which caused great anxiety in the market. We don't know what will ultimately happen. No one can determine the timeline for fulfilling Trump's campaign promises. But what can be certain is that we are moving towards a high degree of uncertainty. People hope that if countries such as Mexico and Canada solve the problem to some extent, trade tensions may ease. If they choose to showcase their strength, things will escalate and Trump will double his bet, which will have a greater chain reaction on other economies. (Golden Ten)