Glassnode introduces interpolated implied volatility metrics for crypto options

Analyst Ali Martinez has identified a significant resistance level for Dogecoin at $0.20, based on on-chain supply distribution data from Glassnode. This level is marked by a cluster of over 11.7 billion DOGE tokens, indicating where investors previously made substantial purchases. Currently, Dogecoin is trading below this threshold, suggesting that many investors are experiencing losses.

Polymarket has reported a surge in the odds of Bitcoin dropping to $80,000 by year-end, now standing at 40%, indicating a shift in market sentiment towards skepticism regarding Bitcoin's near-term growth. This development reflects broader concerns among investors about the cryptocurrency's stability and potential price declines.

Bitcoin's price has dropped below $89,000, resulting in a loss of over $100 billion from the cryptocurrency market, highlighting the ongoing volatility and sensitivity of digital currencies to economic indicators.

ProShares has decided to withdraw its lineup of leveraged exchange-traded funds (ETFs) that included Bitcoin, Ether, XRP, and Solana following a request for revisions from the SEC. This move underscores the ongoing regulatory scrutiny faced by financial products linked to cryptocurrencies, particularly those involving leverage.

GoPlus Security has reported a revenue of $4.7 million, underscoring the significance of GPS token utility in bolstering Web3 security infrastructure and services. This achievement highlights the company's innovative approach to integrating token functionality within its offerings.

Zcash co-founder has publicly disagreed with Michael Saylor regarding the importance of privacy in Bitcoin, highlighting a significant debate within the cryptocurrency community about user protection versus regulatory compliance. This disagreement underscores the differing philosophies on how cryptocurrencies should be positioned in relation to privacy and transparency.

The expiration of approximately $4 billion in Bitcoin and Ethereum options is anticipated to trigger increased market volatility, potentially impacting trading strategies within the cryptocurrency sector. This event marks a significant moment for traders and investors as they navigate the implications of these expirations.

Indiana has introduced a bill that would allow public pension funds to invest in cryptocurrencies, potentially accelerating the adoption of digital assets in public finance. This legislative move could influence other states to consider similar integrations into their pension strategies.