Options

Options are versatile derivative instruments that give traders the right, but not the obligation, to buy (Call) or sell (Put) a digital asset at a specific strike price.Unlike futures, options offer a flexible way to hedge against "black swan" events or speculate on implied volatility. The 2026 landscape features a surge in on-chain options vaults (DOVs) and structured products that simplify complex "Greeks" for retail users. Explore this tag for insights into premium pricing, expiration cycles, and advanced strategic hedging in the decentralized derivatives market.

20201 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Deribit to have over $14 billion worth of Bitcoin options contracts expire this Friday

Deribit to have over $14 billion worth of Bitcoin options contracts expire this Friday

PANews June 25 news, according to CoinDesk, Deribit exchange will have a total of 141,271 Bitcoin options contracts expiring this Friday, with a value of over $14 billion, accounting for

Author: PANews
What are the best crypto investments for the next 3-5 years?

What are the best crypto investments for the next 3-5 years?

“If you had to buy a liquid/non-risky crypto in a 3-5 year timeframe, and were not allowed to buy BTC, ETH, HYPE, SOL, or hold stablecoins, what would you buy

Author: PANews
Senate GOP Unveils Bold Crypto Market Structure Principles – Here’s What Could Change

Senate GOP Unveils Bold Crypto Market Structure Principles – Here’s What Could Change

A group of senior Senate Republicans has released a set of core principles outlining how they want the United States to regulate its digital asset markets. The announcement , made Tuesday morning, comes as lawmakers prepare for a new round of discussions seeking to build a legislative framework for crypto in the U.S. Senator Tim Scott, GOP Allies Lay Groundwork for Crypto Regulation Framework The principles were put forward by Senator Tim Scott, ranking member of the Senate Banking Committee, along with Senators Thom Tillis, Bill Hagerty, and Cynthia Lummis. Their proposal marks the Senate’s clearest indicator yet that it is ready to engage with the House in shaping broad crypto market structure laws. “These principles will serve as an important baseline for negotiations on this bill, and I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation,” Senator Scott said. 🚨NEW: Here are @BankingGOP ’s newly released market structure principles signed by @SenatorTimScott , @SenLummis , @SenatorHagerty and @SenThomTillis . The doc lays out what the discussion draft of the bill (yet to be released) aims to accomplish. https://t.co/q4G2Cuco5D pic.twitter.com/4Bvisg907X — Eleanor Terrett (@EleanorTerrett) June 24, 2025 The GOP framework calls for clearer distinctions between securities and commodities in crypto, a shared oversight model between agencies, and protections against the emergence of a single all-powerful regulator. It also includes targeted anti-money laundering rules described as “pro-innovation” and encourages federal regulators to use tools like no-action letters, sandboxes, and safe harbors to work more closely with crypto projects. Tuesday’s announcement comes ahead of a hearing by the Senate Banking Committee’s subcommittee on digital assets. Senator Lummis, who chairs the subcommittee, said the U.S. has been falling behind global peers. “While the European Union and Singapore have established clear regulations, the U.S. continues to sit on the sidelines while the digital asset industry seeks greener pastures,” she said. “That changes today.” 🚨NEW: @SenatorTimScott , @SenLummis , @SenThomTillis , & @SenatorHagerty unveiled principles for digital asset market structure legislation. These will guide bipartisan efforts to bring regulatory clarity, foster innovation, & protect investors. Read more: https://t.co/5NVwlsUvlZ — U.S. Senate Banking Committee GOP (@BankingGOP) June 24, 2025 A Senate hearing was held Tuesday afternoon to begin examining market structure policy in greater detail. Witnesses included legal representatives from Coinbase and Multicoin Capital, as well as a digital finance expert from the University of Pennsylvania’s Wharton School. The discussion was billed as one of the Senate’s first major steps following its recent passage of the stablecoin-focused GENIUS Act . That bill passed the Senate on June 17 in a 68–30 vote , drawing support from nearly all Republicans and 18 Democrats. The legislation is now with the House of Representatives, where lawmakers are weighing how to proceed. Options under consideration include passing the bill unchanged, merging it with the House’s version of stablecoin legislation, or combining it with the market structure bill in a broader package. Trump Demands Fast-Track for Stablecoin Bill as House Weighs Broader Crypto Package President Donald Trump has urged the House to move “LIGHTNING FAST” and send the stablecoin bill to his desk without changes . “The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets,” Trump posted on Truth Social. “Get it to my desk, ASAP—NO DELAYS, NO ADD ONS.” 📜 Trump has urged the House to pass the GENIUS bill without delay or amendments, calling for it to be sent to his desk immediately after approval. #GENIUS #Stablecoins https://t.co/Oat2MMoJyq — Cryptonews.com (@cryptonews) June 19, 2025 However, House Financial Services Chairman French Hill has said he wants to move the stablecoin and market structure bills together. That could complicate things, especially if the Senate introduces its own version of the market structure legislation rather than adopting the House’s CLARITY Act. The House has already made progress on the CLARITY Act , which passed through both the Financial Services and Agriculture Committees earlier this month. The bill is expected to head to the House floor soon. 🌐 Lawmakers on the US @HouseAgGOP have voted 47-6 to advance the CLARITY Act. #CryptoRegulation #Clarity https://t.co/qJvKBIHl50 — Cryptonews.com (@cryptonews) June 10, 2025 As both chambers weigh their options, questions remain over how much bipartisan agreement can be reached, especially with Democrats raising concerns about crypto’s role in illicit finance and the personal ties between the Trump family and the industry. Several lawmakers have expressed skepticism about how the legislation could benefit Trump or his allies, citing memecoins, digital asset donations, and connections to the World Liberty Financial platform. Still, Senator Lummis emphasized that last week’s vote was just the beginning. “The stablecoin bill is only the first step,” she said on the Senate floor. “Now we must finish what we started and pass a strong market structure bill before the year ends.” For now, both chambers are continuing on separate but parallel tracks. Whether they can align before the November elections is still unclear. But Tuesday’s hearing and the release of formal Senate principles suggest the groundwork for compromise is now in place.

Author: CryptoNews
Biological Traps in Trading: Why Small Wins Are More Reliable Than 100x?

Biological Traps in Trading: Why Small Wins Are More Reliable Than 100x?

Author: VKTR Compiled by: Luffy, Foresight News I recently started actively trading perpetual options again after a long break. It got me thinking back to when I first started trading

Author: PANews
On-chain commodity derivatives exchange Sphinx completes $2 million pre-seed round of financing

On-chain commodity derivatives exchange Sphinx completes $2 million pre-seed round of financing

PANews reported on June 24 that according to official news, Sphinx, an institutional-level on-chain commodity derivatives exchange, announced the completion of a US$2 million Pre-seed round of financing, led by

Author: PANews
Ethereum Price Forecast: ETH eyes recovery as Israel-Iran conflict spills into US military base

Ethereum Price Forecast: ETH eyes recovery as Israel-Iran conflict spills into US military base

Ethereum (ETH) is up 5% on Monday, showing signs of recovery amid reports that Iran has launched missiles at a United States (US) military base in Qatar. The geopolitical tensions sparked an increase in ETH volatility, resulting in a rise in realized profits and losses over the weekend.

Author: Fxstreet
Bitcoin ASIC Manufacturer Canaan Drops AI Chips, Bets Big on U.S. Bitcoin Mining – Here’s Why

Bitcoin ASIC Manufacturer Canaan Drops AI Chips, Bets Big on U.S. Bitcoin Mining – Here’s Why

Canaan , the Singapore-based manufacturer of Bitcoin ASIC machines, is exiting the artificial intelligence chip market to concentrate on its core business in crypto infrastructure. The company announced Monday that it has officially shut down its AI semiconductor unit and completed a pilot production run of mining rigs in the United States. The move marks a shift in strategy for Canaan, which has struggled to gain traction outside of its mainstay Bitcoin mining business. Canaan Refocuses Strategy on Bitcoin Mining, Ends Costly AI Semiconductor Unit In a statement on Monday, Canaan confirmed that it is winding down its AI semiconductor division, citing misalignment with its long-term goals. “I believe that doubling down on our core strengths in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan,” said Nangeng Zhang, the company’s chairman and CEO. The AI unit, which generated just $900,000 in revenue in 2024, represented a small fraction of the company’s total income but accounted for 15% of operating expenses. $CAN Canaan to discontinue non-core AI semiconductor business unit Canaan commenced a strategic realignment aimed at sharpening its focus on its core businesses of bitcoin mining machine sales, self-mining operations, and consumer mining products. As part of this initiative, the… — DonCorleone77 (@CorleoneDon77) June 23, 2025 Canaan said the mismatch between cost and output, along with poor alignment with long-term goals, drove the decision to phase it out. The firm had been exploring options for the unit since March 2022 and expects the wind-down to be completed in the coming months. As part of its strategic reorientation, Canaan has launched its first U.S.-based production run, replicating its Malaysian operations. Though it acknowledged that manufacturing in the U.S. comes with higher costs, the company sees the move as a long-term investment. “This initiative is not just a hedge against tariffs but a potential strategic investment in long-term resilience,” a Canaan representative said. By producing closer to the North American market, Canaan hopes to reduce delivery times, adapt to customer demand more quickly, and better manage potential regulatory shifts. The company added that imported mining equipment from Malaysia is currently subject to a 10% U.S. tariff, while costs for components and raw materials remain difficult to predict. “We’re actively working to optimize our U.S. cost structure with the goal of limiting production costs,” the spokesperson said. However, Canaan emphasized that any future scale-up in U.S. operations will depend on whether production becomes commercially viable. That includes a clearer tariff environment, sustainable demand, and manageable expenses. Canaan also addressed potential concerns regarding national security, stating that all devices shipped to the U.S. are made in Malaysia and approved by local regulators. If it expands U.S. manufacturing further, the company says it will comply with U.S. tech and security standards. Canaan Doubles Down on U.S. Bitcoin Mining as Rivals Localize Amid Tariff Pressures As Canaan exits the AI chip race, the company is ramping up its focus on U.S. Bitcoin mining, positioning itself to ride the momentum of the industry’s shifting center of gravity. Known for its Avalon series, Canaan has joined rivals Bitmain and MicroBT in expanding operations to the U.S., where over 38% of global Bitcoin mining now takes place. The three firms collectively dominate the global mining rig market, controlling over 90%. The move follows Donald Trump’s 2024 election victory, which has sparked a renewed push for “American-made” mining gear. Bitmain launched American production in December , shortly after Donald Trump’s re-election. MicroBT, meanwhile, has openly adopted a “localization strategy” to align with “American Made” expectations. Though Canaan’s shares have tumbled 71% year-to-date, underperforming both crypto and mining indexes, some analysts view the company’s growing self-mining operations in the U.S. as a potential growth driver. Meanwhile, the company is also targeting retail miners. In March, Canaan rolled out its new Avalon Q miner , a high-performance machine designed for home users, delivering up to 90 TH/s with adjustable power consumption. 💻 @canaanio has unveiled the Avalon Mini 3 and Nano 3S at CES 2025, merging Bitcoin mining with home heating. #Canaan #BitcoinMining https://t.co/O41SeV9Cz6 — Cryptonews.com (@cryptonews) January 8, 2025 This release brings professional-grade mining capabilities to retail users, compatible with standard 110V household outlets. Financially, Canaan beat expectations in Q4 2024, reporting $88.8 million in revenue , up 80.9% year-over-year. Total 2024 revenue hit $269.3 million, a 27.4% increase from 2023. 💰 @canaanio mines 82 Bitcoin in February, increasing its holdings to 1,355 $BTC , while exceeding Q4 revenue projections with $89 million. #Canaan #CryptoMining https://t.co/9H07kOtfyO — Cryptonews.com (@cryptonews) March 3, 2025 With AI chips off the table and a focus on expanding U.S. presence and retail hardware, Canaan is repositioning for the next phase of Bitcoin mining, closer to home and potentially closer to profitability.

Author: CryptoNews
Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch

Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch

Key Takeaways: Hong Kong’s licensing regime for stablecoin issuers begins on August 1, with limited approvals expected in the initial phase. Applicants must show detailed control systems, including asset security and AML compliance, and prove their ability to operate across jurisdictions. The HKMA references global regulatory frameworks, including FSB guidelines, to structure its supervisory approach. Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue outlined new expectations for stablecoin issuers under the city’s upcoming licensing regime, in a statement published on June 20. The ordinance establishing the framework, passed by the Legislative Council in May, takes effect on August 1. Yue said only a small number of issuers would be licensed initially, citing the need for “real-world use cases” and operational capacity. Hong Kong to Limit Stablecoin Licenses “Licensees must operate in a prudent and sustainable manner,” Yue said. “Building trust with market participants will be essential.” Applicants must prove they have strong controls for reserve management, price stability, asset protection, and anti-money-laundering, and that they are ready to follow the rules wherever their stablecoins are used. From a supervisory standpoint, Yue said the HKMA is aligning with international standards, referencing work led by the Financial Stability Board (FSB). He also noted that stablecoins carry features that raise cross-border and anonymity-related risks, requiring ongoing international coordination. “Given that stablecoins are an emerging product, the issuance business involves inherent risks, user protection considerations, and market capacity concerns. As such, the licensing regime will have a relatively high entry bar,” said Yue. “We anticipate issuing only a limited number of licences during the initial phase,” he said. The HKMA and PBoC are thrilled to announce the launch of Payment Connect, a collaborative initiative between HK’s FPS and Mainland’s IBPS, which enables a secure, efficient and convenient way for real-time cross-boundary remittances. pic.twitter.com/e6UgrZunxa — HKMA 香港金融管理局 (@hkmagovhk) June 20, 2025 Global Frameworks and Compliance Push Yue reiterated that stablecoins are not intended to function as investment tools. Instead, they are one of several emerging options for digital settlement, alongside central bank digital currencies and tokenized deposits. The statement also confirmed that participation in the HKMA’s sandbox is neither a requirement for applying nor a guarantee of license approval. All applicants will be evaluated under the same regulatory criteria. While the ordinance establishes Hong Kong’s initial oversight structure, Yue said future adjustments will consider market capacity and user protection needs. He added that the licensing regime would be enforced with “rigor and prudence.” How stablecoins will operate alongside CBDCs and bank-issued tokens remains unresolved. Authorities are still assessing legal status, interoperability, and potential risks across systems with different regulatory models. Frequently Asked Questions (FAQs) Could stablecoins be used for payments across different regulatory zones? Yes, but issuers must demonstrate compliance with local regulations wherever their tokens circulate, making legal and operational preparation essential. What are the common reserve models used by stablecoin issuers? Issuers may hold reserves in fiat currency, short-term government bonds, or other low-risk assets. The composition and custody of these reserves affect stability, transparency, and redemption reliability. How do redemption mechanisms impact stablecoin trust? Clear and timely redemption processes are central to user confidence. Delays or opaque procedures can lead to price instability or loss of peg, especially during periods of stress.

Author: CryptoNews
Crypto Weekly Report (June 15-22): US involvement in the Iran-Israel conflict, intensified geopolitics pushes BTC pricing downward

Crypto Weekly Report (June 15-22): US involvement in the Iran-Israel conflict, intensified geopolitics pushes BTC pricing downward

Author: 0xBrooker This week, crypto assets have experienced the triple intersection of "institutional funds supporting the bottom, increased alertness on derivatives, and instantaneous amplification of geopolitical risks." BTC continued to

Author: PANews
Why Is Crypto Down Today? – June 23, 2025

Why Is Crypto Down Today? – June 23, 2025

The crypto market is down today. Ten of the top 100 coins have seen increases over the past 24 hours. Moreover, the cryptocurrency market capitalization has decreased by 2.8% over the past day, now standing at $3.23 trillion, compared to Friday’s $3.37 trillion. The total crypto trading volume is at $161 billion, back to the typical levels. TL;DR: The crypto market has seen a notable drop over the weekend; BTC and ETH dropped around 1% over the past day each; At one point, BTC fell below the psychologically relevant $100,000 level; The probability of BTC ending 2025 above $200,000 has dropped to 3.5%; This is not over yet, analysts say, as market braces for instability; The market may experience additional hits. Crypto Winners & Losers All the top 10 coins per market cap are down today. Bitcoin (BTC) fell by 0.7%, now trading at $101,924, nearing the psychologically relevant $100,000 mark. This is also the smallest decrease in this category. Also, Ethereum (ETH) fell by 1%, changing hands at $2,251. This is the category’s second-smallest drop. XRP (XRP) saw the highest decrease in this category of 2.6% to the price of $2.02. Moreover, ten of the top 100 coins saw their prices increase in the same period. The best performer is Story (IP) , with the only double-digit increase of 11.6% to $3.06. At the same time, Filecoin (FIL) fell the most, followed by Toncoin (TON) . They’re down 3.9% and 3.8% to $2.12 and $2.75, respectively. Speaking of XRP, Bloomberg analysts recently placed the odds of an XRP spot ETF approval at 95% . The timing of these approvals/launches is more uncertain. Could be something we're talking about in the next month or two. Or it could be something that waits until October or later. Matter of when not if For Bloomberg clients, the note can be read here: https://t.co/PBdquFWPVn — James Seyffart (@JSeyff) June 20, 2025 Meanwhile, recent geopolitical shocks triggered immediate market reactions . Investors began moving into traditional safe-haven assets like gold and the US dollar. Bitcoin sold off all day & made up more than half of its losses in the last 30 minutes. Trump's announcement of direct US involvement in the Middle East marked the local bottom. pic.twitter.com/02Uxuqe21d — Joe Consorti ⚡️ (@JoeConsorti) June 22, 2025 This Isn’t Over: Market Braces for Instability Dr. Sean Dawson, Head of Research at decentralized onchain options AI-powered platform, Derive.xyz , commented that the surge in short-term implied volatility (IV) confirms the market is bracing for more instability. Volatility markets are telling us this isn’t over. “Amid mounting geopolitical pressure, we’re seeing classic risk-off behavior with falling prices, spiking volatility, and a pullback in upside positioning,” Dawson says. At one point, BTC has pulled back from $104,300 to $100,300. At the same time, there was also spike in short-term implied volatility by 10% to 45%. This happened as traders began pricing in fresh risk. Moreover, ETH plunged nearly 14% from $2,550 to $2,200, along with a 15-point jump in 7-day IV to 83%. This reflects increased downside hedging and uncertainty, Dawson says. “Ethereum’s double-digit loss and volatility spike to 83% show just how fast risk can unravel when leverage is high,” he adds. Source: Derive.xyz, Amberdata Without a clear de-escalation trigger, the company expects more cautious positioning and subdued momentum in the month ahead, the Head of Research notes. Dawson notes that the BTC options market is currently “scaling back on optimism.” The probability of BTC ending 2025 above $200,000 has dropped to 3.5%. The chance of it surpassing $150,000 in that same period fell to 11%. “Bulls are losing conviction as geopolitical risk and macro headwinds overshadow halving optimism and ETF flows.” At the same time, the likelihood of BTC closing below $80,000 remains unchanged at 20%. All these percentages “show the options market leaning defensive. Traders aren’t betting big on upside right now.” Levels & Events to Watch Next At the time of writing, BTC trades at $101,924. At one point over the past day, the coin saw a sharp drop from the intraday high $102,739 and below the psychologically critical $100,000 mark to $98,467. It has recovered somewhat since. Over the past 7 days, we have seen a decrease of 4.5% from the intraweek high of $108,771. Bitcoin Price Chart. Source: TradingView At the same time, Ethereum is currently trading at $2,251. The price saw a daily high of $2,280, falling to $2,134, before rising slightly to the current price. Over the past week, ETH fell 13.7% from the weekly high of $2,671. Moreover, the crypto market sentiment has entered fear territory. The Fear and Greed Index has dropped from 48 on Friday and 40 on Sunday to the current 37 . Now, fear is driving the prices potentially pushing them lower. But it can also present a chance to buy the dip. Source: CoinMarketCap Meanwhile, on 20 June, US BTC spot exchange-traded funds (ETFs) until later today saw only $6.37 million in inflows. While BlackRock saw an inflow of $46.91 million, Fidelity recorded an outflow of $40.55 million. Source: SoSoValue On the same day, US ETH ETFs saw outflows of $11.34 million , breaking another streak. BlackRock leads this amount with a loss of $19.71 million, while Grayscale and VanEck took in $6.6 million and 1.77 million, respectively. Source: SoSoValue Tokyo-listed investment firm Metaplanet bought an additional 1,111 BTC for $118.2 million, amid the price dip. The company now holds 11,111 BTC on its balance sheet, valued at over $1.07 billion. On the other hand, Cathie Wood’s ARK Invest offloaded $146.2 million worth of Circle (CRCL) shares on Friday. Here are the current top 15 largest holdings in Cathie Wood and Ark Invest's $ARKK ETF 🥇 Tesla $TSLA – 10.15% 🥈 Coinbase $COIN – 8.31% 🥉 Circle $CRCL – 7.84% pic.twitter.com/SBQcYUqIip — ETF Tracker (@TheETFTracker) June 20, 2025 Quick FAQ Why did crypto move against stocks today? The crypto market has seen a significant drop in a day, while the stock markets saw a mixed picture on their last day of trading. The S&P 500 went down by 0.22%, the Nasdaq-100 decreased by 0.43%, and the Dow Jones Industrial Average rose by 0.083%. Investors were on edge over the Israel-Iran war and the US’s potential role. They were then surprised by the US attacks on Iran on Saturday, and this is bound to reflect on the stock market. Is this dip sustainable? Given the current geopolitical and economic developments, the prices may decrease further. Bitcoin may fall below $100,000 and ETH below $2,100.

Author: CryptoNews