News
Approximately 21,000 BTC options are set to expire, featuring a Put Call Ratio of 0.9, a Max Pain point at $46,000 and a notional value totaling $1.1 billion. Additionally, around 200,000 ETH options are nearing expiration, with a Put Call Ratio of 0.62, a Max Pain point at $2,400 and a notional value of $570 million. Link
Arkham reports that at 22:29 UTC+8 on February 16th, Grayscale moved 4,018.2 BTC, valued at around US$209 million, to Coinbase Prime Deposit's address. Additionally, 821.1 BTC were transferred to a newly created address, believed to be Grayscale's updated custody address. Link
DWF Ventures recently conducted an analysis of the LRT protocol landscape, which has seen significant growth over the past month. The Total Value Locked has surged more than eightfold, reaching $3.3 billion. They have gathered data on various aspects such as assets, development stages, TVL and potential airdrops for 14 projects such Etherfi, Puffer, KelpDao and others. Link
SoSoValue reported that on February 15th, Bitcoin spot Exchange-Traded Funds saw a total net inflow of $477 million, extending the streak of net inflows to fifteen consecutive trading days. On the same day, the Grayscale Bitcoin Trust recorded a net outflow of $174 million. The spot ETF with the largest net inflow was BlackRock's IBIT, which saw a daily net inflow of $330 million. As of this date, the cumulative net inflow into IBIT has amounted to $5.17 billion. Link
Projects
$SHFL - White paper released. It’s also now trading on Aevo pre-markets. Link
$RUNE - Spot trading for $RUNE is no longer available on Bybit. Furthermore, the ADR12 proposal has been approved, leading to the burning of 60 million $RUNE tokens. This action is aimed at accelerating the development of Lending. Link
$UNI - Uniswap has announced plans to launch Uniswap V4 in the third quarter of 2024. Link
$BEAMX - An individual was phished for $5m equivalent which was subsequently market sold in a single transaction. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.