🌙 Bitcoin ETF Options Attract $2B

IBIT options went live Tuesday in a first, a move that market participants widely expect to draw more institutional interest in bitcoin (BTC).

Author

Mike Gavela
November 20, 2024

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Crypto Roundup - November 20

The cryptocurrency market saw major developments this week. Bitcoin ETF options launched with explosive interest, garnering $2 billion in trading volume on the first day and reshaping BTC's market dynamics. Meanwhile, Barry Silbert’s Digital Currency Group announced a significant pivot into AI-driven blockchain technology through its backing of Bittensor, a decentralized AI platform. On the legal front, former FTX CTO Gary Wang avoided prison time after cooperating with authorities in the fallout of the exchange’s collapse.

Top Stories

  • Bitcoin ETF options debut with $2 billion in day-one trading volume, signaling strong institutional interest and altering BTC's market structure.

  • Barry Silbert invests heavily in AI and blockchain with Digital Currency Group supporting Bittensor, a decentralized AI network.

  • Gary Wang avoids prison after cooperating with investigations into the FTX collapse, securing leniency from the court.

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TOP STORIES

Bitcoin ETF Options Attract $2B on Day One, Shifting BTC’s Market Structure

IBIT options went live Tuesday in a first, a move that market participants widely expect to draw more institutional interest in bitcoin (BTC). Here’s how they could impact the market.

www.coindesk.com/markets/2024/11/20/bitcoin-etf-options-attract-2b-on-day-one-shifting-btcs-market-structure

Digital Currency Group’s Barry Silbert Bets Big on AI Blockchain Bittensor

Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor’s decentralized AI ecosystem.

www.coindesk.com/business/2024/11/20/digital-currency-groups-barry-silbert-bets-big-on-ai-blockchain-bittensor

Former FTX CTO Gary Wang Won’t Have To Serve Prison Time, Judge Rules

Wang was one of the key cooperating witnesses with U.S. prosecutors in Sam Bankman-Fried’s trial, earning him a “world of credit,” a judge said on Wednesday.

www.coindesk.com/policy/2024/11/20/former-ftx-cto-gary-wang-wont-have-to-serve-prison-time-judge-rules

FUNDRAISING

Monkey Tilt raises $30 million in push to make online gambling more social

The site already has $200 million in monthly volume and plans to launch crypto payments.

fortune.com/crypto/2024/11/20/monkey-tilt-raises-30-million-in-push-to-make-online-gambling-more-social

OTHER HEADLINES

Coinbase to Delist Wrapped Bitcoin In December - "The Defiant"

Coinbase announced plans to delist Wrapped Bitcoin after determining the asset now fails to meet its listing standards.

thedefiant.io/news/tokens/coinbase-to-delist-wrapped-bitcoin-in-december

Microstrategy Stock Soars After Buying $4.6 Billion Worth of Bitcoin - "The Defiant"

Shares of Microstrategy, the company owned by renowned Bitcoiner Michael Saylor, soared after the company said it bought billions worth of Bitcoin.

thedefiant.io/news/markets/microstrategy-stock-soars-after-buying-usd4-6-billion-worth-of-bitcoin

StarkNet Activity Hits Highest Level Since March - "The Defiant"

Activity on the chain dropped significantly after its token launch, but has picked up in the last week.

thedefiant.io/news/blockchains/starknet-activity-hits-highest-level-since-march

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