Crypto Markets Unfazed by New BTC Options: Americas Daybook

Omkar Godbole reports that the introduction of Cboe cash-settled FLEX options on the Cboe Bitcoin U.S. ETF Index and the Cboe Mini Bitcoin U.S. ETF Index has opened up new opportunities for customized over-the-counter strategies. According to Jeff Park, head of alpha strategies at Bitwise, these options allow for principal protection and range accrual strategies with reduced counterparty risk. However, the price of BTC remains stagnant near $95,000, despite the excitement surrounding these new options. The dollar index is also awaiting the US JOLTS job report, which could impact the dollar and subsequently affect BTC. Other major tokens such as ETH are calm, while XRP and ADA are experiencing retail investor enthusiasm. Notably, XRP's price spikes have historically marked major BTC and crypto market tops. Solana is rumored to be announcing something significant related to airdrops, and the SEC chair replacement is expected to be announced soon. Yield farming on Avalanche-based TraderJoe is gaining traction, with the AVAX/USDC pair offering over 1,000% APR. Investor demand for stablecoins is high, with annualized deposit rates for USDT and USDC reaching nearly 30%. A new token, CHAOS, was automatically deployed after a user's query to an AI agent, reaching a market cap of over $17 million within an hour.