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Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M

SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues. Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx. Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement. Just when everyone thought that 2024 had seen…


  • SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues.
  • Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx.
  • Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement.

Just when everyone thought that 2024 had seen the most after the recent spot Bitocin ETFs approval by the US SEC, excitement is rippling through the crypto community again as Nasdaq and Cboe gear up for Bitcoin ETF options trading. The two have already filed applications with the SEC and the regulatory authority has recognized the applications.

Simultaneously, Pullix, a hybrid trading platform is promising a new era in decentralized finance.

Nasdaq and Cboe Bitcoin ETF Options trading move

In a screenshot posted on X by James Seyffart, the SEC has already acknowledged the 19b-4s requesting the ability to trade options on spot Bitcoin ETFs.

The SEC has already acknowledged the 19b-4’s requesting the ability to trade options on spot #Bitcoin ETFs. This is faster than SEC typically moves. Options could be approved before end of February if SEC wants to move fast?…

AT ABSOLUTE EARLIEST options still ~27+ days away pic.twitter.com/ohbvHgP2uO

— James Seyffart (@JSeyff) January 19, 2024

Nasdaq’s proposal centres around listing options for BlackRock’s iShares Bitcoin Trust, while Cboe aims to trade options on exchange-traded products (ETPs) holding Bitcoin. Notably, Cboe’s prominent role in launching six of the SEC-approved spot BTC ETFs positions it as a key player in shaping the crypto market.

With positive market responses and efficient tracking of Bitcoin’s price since ETF trading initiation on January 11, options trading is considered the “next logical step,” offering enhanced utility and risk management for investors.

Options trading in BTC ETFs, as proposed by Nasdaq, is hailed for bringing cost efficiencies and advanced hedging strategies to investors. Derivatives provide the right to buy or sell an asset within a specified timeframe, enhancing utility for a broader investor base, including traditional finance sectors.

Analyst Dave Nadig from VettaFi in an interview with CNBC predicted that the introduction of BTC ETF options will attract hedge fund players, fostering increased speculation and diversified investment approaches in the crypto market.

The regulatory waiting game is on, with options approval potentially by the end of February, pending SEC decisions and a 21-day public comment period.

Pullix: unveiling Trade-to-Earn model 

Amidst the crypto fervour surrounding Biotin ETFs, The upcoming Pullix trading platform takes centre stage with its innovative model. Pullix introduces a unique “Trade-to-Earn” concept, allowing users holding its native token, the PLX, to earn instant rewards for trading on the platform.

The PLX token’s main USP lies in its revenue-sharing mechanism, enabling holders to profit from the daily revenues generated by the trading exchange. This game-changing approach combines active trading with a guaranteed fixed income, setting Pullix apart in the rapidly evolving crypto space.

The token is currently in its sixth presale stage and is already showing signs of massive support from crypto enthusiasts. At press time, the presale had raised close to $4 million with only five stages sold out.

To participate in the presale and acquire the PLX token ahead of the Pullix platform launch, which is scheduled for before the end of January, you can visit the official Pullix Website.

Conclusion

As the crypto market witnesses a transformative phase with Nasdaq and Cboe expediting options trading on Bitcoin ETFs, Pullix’s PLX presale adds another layer of excitement, introducing a “Trade-to-Earn” model that could redefine user engagement in decentralized finance.

Investors and enthusiasts alike are closely watching these developments, eagerly anticipating the impact on investment strategies and the broader adoption of cryptocurrencies. The convergence of innovative trading platforms and tokenomics marks a significant chapter in the evolving narrative of digital assets.


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Bitcoin

Rebel Satoshi ($RBLZ) Continues to Fly High as Market Whirlwind Hits Ethereum and ORDI

TLDR Some analysts predict the Rebel Satoshi ($RBLZ) token could be primed for massive gains after 150% returns during the presale. The Ethereum (ETH) token is predicted to drop below $3,500 amid the market correction. Experts predict that the ORDI token will drop below $63 in the coming months. The best altcoins, like Ethereum (ETH)…


TLDR

  • Some analysts predict the Rebel Satoshi ($RBLZ) token could be primed for massive gains after 150% returns during the presale.
  • The Ethereum (ETH) token is predicted to drop below $3,500 amid the market correction.
  • Experts predict that the ORDI token will drop below $63 in the coming months.

The best altcoins, like Ethereum (ETH) and ORDI, have been caught up in the market whirlwind. Meanwhile, Rebel Satoshi ($RBLZ) has found firmer footing, with some analysts predicting it could be the best crypto to buy at the moment after its successful launch on Uniswap and Coinstore.

Let’s understand what makes $RBLZ the investor’s favorite ahead of the top altcoins like Ethereum (ETH) and ORDI.

Rebel Satoshi investors primed amid volatile market

The Rebel Satoshi meme coin project is inspired by the ideals of stalwarts such as Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi is designed to challenge centralized institutions and disrupt the status quo. The Rebel Satoshi movement is led by its Recusant community members, who are taking back control from the elites.

Rebel Satoshi is built around the dual-token ecosystem of $RBLZ and $RECQ tokens. The $RBLZ and $RECQ tokens are built on the Ethereum network. The total supply of $RBLZ is 250 million, and Rebel Satoshi fixed the $RECQ token at 3 billion. Rebel Satoshi’s audacious aim is to take the $RBLZ token to a $100 million market cap.

The presale of the $RBLZ token concluded on February 29, with Rebel Satoshi raising over $2.5 million. The $RBLZ token rallied by 150% to $0.025 per token during the presale. Rebel Satoshi launched the $RBLZ token on Uniswap and Coinstore on March 5.

The $RBLZ token rose by 150% to $0.04 on March 6 before correcting. In addition, the $RECQ presale is currently underway, with some analysts calculating that early investors could realize 525% returns by the end of its 10-stage presale.

Ethereum drops below $3,700 as the market enters correction

With the market rallying after Bitcoin (BTC) rose to a new all-time high, Ethereum also followed suit. The Ethereum (ETH) price rose to $4,090 as a result. However, this rally has now been corrected as the market has been stuck by volatility. Hence, the Ethereum (ETH) price has dropped below $3,700.

As a consequence, the Ethereum (ETH) token dropped further, dropping by 11.4%. Amid the drop in ETH price, the Ethereum Foundation deployed the Dencun Upgrade on March 13. Moreover, the deadline for the approval of the Ethereum (ETH) Spot ETF is only two months away.

Hence, the experts have a bearish outlook for the price of Ethereum (ETH). They predict that the Ethereum (ETH) token will drop below $3,500 in the coming months.

ORDI dips from all-time high amid turbulent market

After the approval of the BTC Spot ETF, the market went into a downtrend. As a result, ORDI dropped to a low of $50.23. Since then, the ORDI token has managed to reverse its downtrend as the market began to rally.

ORDI has been one of the top gainers in the current market rally. As a result, the ORDI token rose to an all-time high of $95.28. However, since then, as the market has entered turbulent territories, the ORDI price has also dropped. Namely, the ORDI token was down 27.4% to $69.13.

With Bitcoin (BTC) price also dropping after rallying to a new all-time high, the prospects for ORDI are not positive. Experts predict the ORDI token will drop below $63 in the coming months.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram


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Bitcoin

Cardano and Arbitrum fall by more than 20%, While BlockDAG Presale Jumps to $6.3 Million

ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57 ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45 By contrast, BlockDAG secured $6.3M of investment in its presale The crypto market continues to trade in the red…


  • ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57
  • ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45
  • By contrast, BlockDAG secured $6.3M of investment in its presale

The crypto market continues to trade in the red zone, with many altcoins facing corrections. Specifically, Cardano saw a significant 26% decrease in value over the past two weeks, leading to a cautious Cardano (ADA) price prediction. Similarly, Arbitrum’s price faces potential further declines due to an upcoming token unlock.

On the flipside, the presale market is booming, with BlockDAG (BDAG) emerging as a frontrunner as it clocked up $6.3M in its presale stages.

Cardano (ADA) Price Prediction: Is Correction Looming?

The launch of a new stablecoin, USDM, on the Cardano blockchain caused a surge in ADA’s price and an increase in network activity. Despite these gains, concerns persist due to a negative MVRV ratio and bearish MACD and MFI indicators, hinting at a potential price correction. However, decreasing volatility suggested by Bollinger Bands presents a complex outlook for ADA’s price rally sustainability.

Whales Transfer $58M in Arbitrum Tokens to Exchanges Following Unlock

Arbitrum (ARB) witnessed a significant token unlock on March 16, releasing 1.1 billion Arbitrum tokens worth $2.32 billion to its team, advisers, and investors. Following this, whales moved $58 million worth of Arbitrum tokens to exchanges, contributing to a price drop.

Despite the recent unlock leading to a nearly 23.42% decrease in ARB’s price, another unlock of 92.65 million tokens, valued at about $157 million, is scheduled for April 16, potentially affecting the token’s market further.

BlockDAG’s Viral Keynote

BlockDAG (BDAG) has surged in popularity among presales following the release of a viral keynote video, which debuted on the digital screens of Shibuya Crossing in the heart of Tokyo. Following the keynote debut, BlockDAG’s presale witnessed an impressive influx of over $6.3 million in investments.

The core offerings of BlockDAG include BDAG coins, a crypto payment card, and its X-series lineup of mining rigs. The BlockDAG payment card, accepted at over 38 million locations globally, allows users to spend their BDAG coins and other major cryptos like Ethereum, Bitcoin, and Solana for everyday purchases.

As for the BDAG coins themselves, users can mine them with the X-series rigs and spend them with the BlockDAG card or trade on exchanges. These rigs are designed to be environmentally friendly and user-centric, capable of mining a range of cryptos and potentially generating $1 to $100 daily in passive income.

In response to the overwhelming early investor interest and the $6.3 million raised quickly, BlockDAG has announced a $2 million mega giveaway shared by 50 lucky community members. To participate in the giveaway, follow BlockDAG’s social media channels, submit your wallet address, increase your chances by completing all quests, and bring friends for additional entries.

Final Thoughts

The Cardano (ADA) network faces potential price corrections amid negative market indicators, despite a surge in network activity and price. Arbitrum (ARB) could see further price drop with a scheduled unlock of 92.65 million Arbitrum tokens on April 16. BlockDAG (BDAG) continues to attract significant investment in its presale, buoyed by its ROI potential and passive income opportunities.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial


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Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC

Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of [……
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