Deribit BTC block options buy $85,000 call options at the end of March next year
On July 6th, Deribit's Asia-Pacific business director, Lin Chen, posted on X platform that today's largest BTC bulk option: someone paid a premium of $1.397 million to purchase 250 BTC call options with a strike price of $85,000 expiring at the end of March next year.
Bitcoin Rune Trading Volume Has Fallen Over 88% This Month
The trading volume of Bitcoin runes has dropped by more than 88% this month. Bitcoin miners have earned less than 2 bitcoins from rune trading in the past six days, a significant drop from the record-breaking 884 bitcoins earned on April 24. According to data from Dune Analytics, the daily trading volume of Runes from June 22 to 28 was 37,800, a decrease of nearly 90% from the daily average of 331,000 transactions between June 9 and 15. In particular, the trading volume on June 24 was 23,200, the lowest level since the fourth Bitcoin halving. In the past week, rune transactions accounted for only 4.9-11.1% of all Bitcoin transactions.
Barstool Sports founder: Will buy $10 million worth of Bitcoin if it hits $40,000
Media giant Barstool Sports founder Dave Portnoy stated on social media that if the price of Bitcoin reaches $40,000, "I will use Barstool's money to buy $5 million to $10 million worth of Bitcoin, but not at $60,000." He added, "I already own a lot of personal Bitcoin, so don't get confused."
A user paid $2.08 million to buy a BTC call option at $85,000 by the end of March next year
On June 29th, according to data released by Deribit officials, a user paid $2.086 million to purchase a call option for Bitcoin at $85,000 expiring at the end of March 2025, totaling 250 BTC in bulk trading of BTC options.
Bitcoin’s blockchain bandwidth utilization exceeds 90% for the first time since April halving
Since the halving event in April, the blockchain bandwidth usage rate of Bitcoin has exceeded 90% for the first time. The increase in bandwidth usage after the halving is mainly attributed to the adoption of new token standards, including Runes and BRC-20. Dune Analytics data shows that the transaction volume involving these two token standards has significantly increased, especially on April 23, when the transaction volume of Runes exceeded 750,000.
The total open interest of BTC options is $20.3 billion, and the open interest of ETH options is $8.6 billion
According to Coinglass data, the nominal value of all outstanding BTC options on the entire network is 20.3 billion US dollars, and the nominal value of outstanding ETH options is 8.6 billion US dollars.
Canadian singer Drake is about to lose $1 million worth of Bitcoin bet
Canadian singer Drake bet $500,000 each on the Edmonton Oilers and the Dallas Mavericks to win the Stanley Cup and NBA Finals, respectively. Now he is about to lose $1 million worth of Bitcoin.
El Salvador’s President Proposes Private Investment Bank for Bitcoin Investors
Salvadoran President Nayib Bukele proposed the establishment of a private investment bank in the country. If approved, Bitcoin investors will have access to financial services with fewer restrictions compared to traditional banks. Milena Mayorga, the Salvadoran ambassador to the United States, wrote in an article on June 14th, "As part of the Salvadoran economic plan, we propose the establishment of a private investment bank (BPI), which can provide potential investors with diversified financing options in U.S. dollars and Bitcoin." Max Keiser, Bukele's senior Bitcoin advisor, added on the same day, "President Bukele has launched new legislation to establish a Bitcoin bank during his new term." Cathie Wood, CEO of Ark Invest, predicts that Salvador's real GDP "could increase tenfold in the next five years," and implementing the above policy will make this goal "more achievable."
Bitcoin L2 Stacks was down for nearly 9 hours yesterday due to Bitcoin reorganization and unexpected miner behavior
Bitcoin's L2 expansion network, Stacks, experienced downtime on Friday, stopping block production for nearly 9 hours. This event was caused by Bitcoin reorganization (reorg) and "unexpected miner behavior," causing STX prices to drop 12% that day. "Unexpected miner behavior" may refer to miners not updating their software or coordinating effectively to respond to Bitcoin reorg, causing block production delays and implying technical or operational issues among miners. Stacks co-founder Muneeb Ali pointed out that the upcoming Nakamoto upgrade focuses on a new consensus mechanism aimed at eliminating the possibility of forks and reducing the impact of Bitcoin reorg. The Nakamoto upgrade was originally expected to be launched in late spring, but due to potential issues being too severe to be resolved in subsequent updates, it was postponed at the last minute and is now planned to be released in August.
