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CoinDesk Podcast Network

COINDESK DAILY: Traders Bet on Ether's Drop; Sen. Lummis, Gillibrand Take on Stablecoin Legislation, Again

CoinDesk Podcast Network

CoinDesk

News, Daily News, Tech News, Business News

4.7698 Ratings

🗓️ 17 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from traders betting on the drop of ETH price to the new stablecoin bill from Sen. Cynthia Lummis and Kirsten Gillibrand. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as crypto investors are betting that ether (ETH) will drop in value over the next three months. Plus, the upcoming launch of Casey Rodarmor's Runes protocol, and a new stablecoin bill from U.S. Senators Cynthia Lummis and Kirsten Gillibrand. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com. - This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:51.4

Ether options shows bias for weakness over three months.

0:55.2

The cryptocurrency's 90-day puts are more expensive than calls on Deribit for the first time since January.

1:01.8

That's according to Amber Data.

1:03.9

This call put skew means that crypto investors are now betting that Ethereum's native token will drop in value over the next three months.

1:10.2

A call put skew is an options market measure that reveals what traders are willing to pay

1:15.0

to hedge or require an asymmetric payout from bullish price movements.

1:20.6

Bitcoin's next halving is imminent, likely to happen on Friday or Saturday, but a large

1:24.9

amount of developers have their attention turned to an event

1:27.5

that's expected to happen directly after the launch of KC. Rotemore's Roon's Protocol.

1:33.3

Rotomor's big project released last year was the Ordnals Protocol, a protocol for creating

1:37.4

NFT-like inscriptions on Bitcoin. The Roon's Protocol will allow users to spin up scads of

1:42.3

tokens on top of Bitcoin, like those commonly seen

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