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A large amount of Bitcoin and Ethereum options contracts are about to expire. Moreover, these events often cause price volatility for the underlying assets.

There has been a significant shift in derivatives trading activity, with Ethereum options trading surpassing that of Bitcoin.

37,000 Bitcoin options are about to expire with a notional value of just over $1 billion. However, this number is eclipsed by the 256,000 Ethereum options that will also expire this month. Their notional value is a whopping $4.8 billion.

Industry analyst Colin Wu commented on the massive shift in derivatives trading.

The Shanghai upgrade is coming, and the trading of Ethereum options has surpassed that of Bitcoin for the first time in more than a month.

Ethereum options are derivatives contracts that allow traders to speculate on the price of ETH. They allow traders to buy or sell Ethereum at a specific price, the strike price, at a certain date of expiry. They are also more flexible than futures which have fixed expiry dates.

According to Deribit, Ethereum Open Interest (OI) stands at almost 2.6 million open contracts that have yet to be settled.

Furthermore, there is a put/call ratio of 1.09 for Ethereum. The put/call ratio is calculated by dividing the number of traded put (short) options by the number of traded call (long) options contracts. A figure higher than 1 is bearish as more traders are buying short (sell) contracts than longs (buy).

The max pain point for Ethereum options is $1,800. This describes the strike price with the most open contracts. It is also the price at which the asset would cause financial losses for the largest number of option holders at expiration.

For Bitcoin options, things are looking a little more bullish with a put/call ratio of 0.51. This suggests there are more long contracts being bought than short contracts.

Additionally, the BTC max pain price is $28,000, pretty close to where the asset is trading at the moment.

Crypto markets have remained flat on the day, with total capitalization hovering around $1.2 trillion. Furthermore, there has been very little movement in the crypto top ten aside from Dogecoin (DOGE), which has dumped 8.6% following Elon Musks Twitter meddling.

Ethereum is currently changing hands for $1,870, cooling from its mid-week and a seven-month high of $1,920.

Further downward pressure could be piled on when all those Ethereum options contracts start expiring this month.

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.

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Ethereum Volatility Likely on the Horizon as Options Expire - BeInCrypto

A venture capitalist who correctly called the 2022 crypto bottom thinks both Bitcoin (BTC) and Ethereum (ETH) are coiling up for a breakout.

Placeholder partner Chris Burniske tells his 257,800 Twitter followers that BTC and ETHs weekly charts are making him too bullish on crypto.

BTC & ETH coiling.

Fellow crypto veteran Raoul Pal, the chief executive of Real Vision, shares Burniskes bullish sentiment regarding Ethereum.

Tasty chart of ETHeventually the 1,850 level will go and it will be fireworks.

Ethereum is worth $1,868 at time of writing. The second-ranked crypto asset by market cap is up 3.74% in the past day and more than 5.1% in the past week.

Bitcoin is trading for $28,164 at time of writing. The top-ranked crypto asset by market cap is up 0.66% in the past 24 hours and nearly 3% in the past seven days.

Burniske said last month that he remains bullish on blockchain and crypto regardless of the macroeconomic landscape.

Im as long crypto as Ive ever been blockchains are critical infrastructure that provides solutions to the problems our society faces, including AI. As a species, we eventually find our way, though the walk is full of sticks and stones. If you look up, there are blue skies.

He also predicted that Bitcoinwould exceed $30,000 and Ethereum would surpass $2,000 in April.

Generated Image: Midjourney

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Crypto Industry Veterans Say Bitcoin (BTC) and Ethereum (ETH) Coiling Up for Breakouts - The Daily Hodl

The BNB Chain rose to prominence as an alternative to Ethereums [ETH] Layer One (L1) blockchain. Although the growth was not without challenges, the chain backed by crypto exchange Binance has been able to cut a significant part of the market share.

How much are 1,10,100 BNBs worth today?

Among both blockchains, Ethereum is the one that has been around longer. But according to Token Terminal, daily active users on the BNB Chain were also three times that of Ethereum. The metric measures users that interact with a protocol during a designated time interval.

While Ethereums active users were around 435,200, BNB Chains outpaced it with a record of 1.2 million. Although the Ethereum L1 blockchain is less centralized than BNB, this rise implied that users would rather opt for the network with faster transactions and cheaper fees.

However, BNB Chains dominance in the aforementioned aspect did not translate to supremacy in every other area. Based on the data from the blockchain financial aggregator, the trading volume of tokens on the Ethereum blockchain was far above those registered on the BNB Chain.

As of 6 April, the volume on the BNB Chain was $601.1 million while Ethereums volume was over $11 billion. This large spread means that there have been more tokens traded via the Ethereum network than BNBs.

Moreover, it seemed that the overall Ethereum ecosystem was hand down beating BNB apart from the user count. According to Santiment, Ethereums development activity witnessed a rise and stood at 51.21. The metric tracks the work done in a projects public GitHub repositories, signaling upgrades on the projects network.

The Ethereum rise in this regard came as no surprise. Lately, the blockchain had passed the Sepolia and Goerli Testnets, as the Shanghai upgrade aimed at enabling staking withdrawals is only days away.

For BNB, it was an entirely different situation. At the time of writing, the chains development activity was flat out at 0.048. This suggested that developers were not actively contributing, despite its recent announcement to improve the chains security.

Realistic or not, heres BNBs market cap in ETHs terms

However, several large ETH transactions have been making rounds with whale accumulating, and some moving into exchanges. According to Lookonchain, a whale who held 900ETH in Tornado Cash address sent all of it into a Bitfinex wallet on 5 April.

There was another whale who has been accumulating the altcoin since 15 January. As of 6 April, this same whale added another $2.4 million bought from Binance, to his bag.

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BNB Chain outshines Ethereums L1 but Shapella reveals that - AMBCrypto News

Paris has recently made its move to become the next big crypto hub, even after the closure of several crypto-friendly banks and the failure of the FTX. The French government has been showing support for the crypto industry and blockchain technology, with President Emmanuel Macron seeing cryptocurrency as one way to attract businesses. This could have a huge effect on the big crypto names on the market, such as Bitcoin (BTC) and Ethereum (ETH), as well as tokens that have yet to launch on an exchange and are still making a name for themselves, like Signuptoken.com.

Signuptoken.com is a new project that aims to create generational wealth through the simplest idea possible registering a single email that will help subscribers retire early. The project has set a goal of reaching one million email subscriptions before launching its token on Uniswap.

As of this writing, Signuptoken.com has accumulated 3,000 email subscribers, which is one step closer to the projects goal.

Subscribers will be updated on the projects progress through email updates. Once the one million email subscription target is reached, the team will send out a single email announcing the launch of the ERC-20 token. The project is attempting something that has not been achieved on a global scale before.

The team behind Signuptoken.com will send out a verification email to confirm all users added are genuine, ensuring the validity of the projects one million email subscription goal. The team has not doxxed their identities and will not be providing tokenomics about the crypto coin.

Bitcoin is the biggest crypto coin on the market, and many establishments have started accepting it as a payment method. In Paris, Burger King has made a bold move by introducing power bank rental machines called Instpower, which accept crypto payments, like BTC. Instpower machines are connected to Binance Pay and Alchemy Pay.

This move by Burger King in Paris is part of a larger trend of companies embracing cryptocurrency payments, demonstrating the growing acceptance and legitimacy of digital currencies. With the rise of crypto and the growing demand for alternative payment methods, it is likely that more businesses will follow suit and start accepting cryptocurrency payments in the near future.

One famous crypto analyst Justin Bennett has his financial speculation about Ethereum facing a rally en route to liquidating traders facing bearish action on ETHs platform. According to Bennett, the rally at the end of March could hint at the crypto markets short-term performance.

Usually, the crypto market is affected by stock market trends, but a lag seems to appear between the two asset classes. If the crypto market takes cues from equities, a resistance level at $1,840 for Ethereum is possible. Therefore, a short squeeze could occurwhich triggers ralliesas there is a huge amount of short liquidations over the $2,000 price level.

There could be a possibility that Ethereum would become one of the major crypto coins that Paris would accept for buying and selling goods.

As Paris embraces crypto and recognizes its benefits and potential as an alternative to traditional forms of currency, many other countries may follow suit. While crypto has risks due to economic conditions and market volatility, embracing this investment as part of the future of finance can help everyone adapt to the changing landscape of the digital economy.

Signuptoken.com might be the next big crypto coin to launch on an exchange! Learn more about this unique crypto project and sign up to reap the early benefits when the coin launches.

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

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Bitcoin, Ethereum, Signuptoken.com: Top 3 Coins to Consider As ... - Analytics Insight

A hot topic in crypto circles these days is how to process more transactions on a blockchain, leading many pundits to say it cant be done in a decentralized fashion. This opinion is a popular one but also belies a superficial understanding of the problem with Ethereums scaling solutions in particulara problem that stems from the financing models driving these solutions.

For those unfamiliar with the debate, Ethereum and Bitcoin have for years struggled with congestion and high fees arising from their failure to keep up with demand on their blockchains. This has in turn created opportunities for projects offering on-top solutions as a means to handle that extra demand. The result is a plethora of so-called layer-2, or L2, sidechainsArbitrum, Optimism, and Polygon among themthat are intended to increase transaction capacity while keeping the chain orderly.

In the Bitcoin network, these efforts have largely focused around Lightning, a system of secured peer-to-peer channels that allow for quick and cheap transactions. In the case of Ethereum, developers have taken a more baroque approach that typically looks like this: A technical team claims to have a novel solution to scale Ethereum by capturing transactions on their network, and that idea is pitched to venture capitalists. But instead of integrating this software directly into the main protocol, so Ethereum as a network can scale, a new tokenan L2 tokenis issued to transact using this new software.

Does this have to happen? Well, no. Strictly speaking, there is nothing stopping Ethereum leadership from incorporating scaling solutions at the protocol level to lower its costs and make the network more efficient. But instead of working to make the scaling happen directly, the Ethereum crowd has instead relied on the L2 route. (Its worth noting that Tezos, the blockchain I cofounded, recently deployed an L2 solution without introducing a token.)

While L2 solutions on Ethereum have succeeded in offering faster and cheaper transactions, their insistence on adding their own proprietary tokens add friction. To make matters worse, the L2 projects often rush to market with underdeveloped solutions, creating a reliance upon Ethereum contracts under their control and centralized oversight to address security issues later. While this tokenized approach funds development and generates hype, it quickly leads to disillusionment as inflated token market capitalizations fail to meet expectations.

So why does Ethereum continue to embrace these half-baked L2 solutions? Look no further than Sand Hill Road.

Traditionally, venture capitalists offer financing for new businessesthe word venture connoting newer, riskier investments, unlike those perhaps preferred by other private equity firms. VCs typically look to exit their positions through IPOs or acquisitions, often on five- or seven-year time horizons.

If VCs had a chance speed up their exitsthe big moment everyone gets paidto an order of months, you can bet they would leap on it. And so enter a new model facilitated by crypto.

In Crypto VC speak, exit strategies dont come from the creation of a useful, flourishing business. Since 2018 or so, VCs have acted as providers of bridge capital to teams until a token is created and sold. Its about short-term storytelling because, ultimately, the value of the token isnt defensible. Often, its a solution in search of a problem or, in the case of scaling, a source of additional friction. The last two months have served as testament to the instability of L2 tokens for a variety of business reasons.

Last month, Coinbase announced it was launching an L2 solution based on Optimism. This was poetic: Optimism already has an unnecessary token and a staking mechanism for its distribution. Unfortunately, it lacks fraud proofs, or the basic security ingredient that makes a scaling solution more secure than a hope and a prayer. What we have here is a token in search of its own technology.

More recently, Arbitrum, an L2 on Ethereum thats raised over $100 million from VCs such as Lightspeed, issued a governance token called ARB to justify its place outside the base Ethereum protocol. As part of its first governing act, the community was asked to vote on a proposal that would send 750 million of its tokens, worth around $1 billion, to its nonprofit foundation. When rank-and-file community members balked at this plan, the Arbitrum Foundation clarified that these funds were already being allocatedand, indeed, had been spent. It was a lucky day for those folks who gave them money last year in a private transaction, and virtually nobody else who bought into the gold-plated resumes of its founding team and the characterizations of their project.

Quite the arbitrage, indeed.

Scaling solutions that create more costs and hoops to jump through for users by issuing pernicious tokens arent solutions at all. Ethereum will evolve once it weens off venture capitalists and embraces a model that seeks to disintermediate, rather than subsidize, the well-heeled financiers of Web2.

Kathleen Breitmanis a cofounder ofTezos. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.

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Ethereum, Arbitrum, and why L2 solutions are such a mess - Fortune