News

Jinse Finance reported that RWAfi layer Novastro announced on Twitter that its originally scheduled TGE on October 15 will be postponed, but it will still take place this month. The team stated that last week's market crash made the original timing less ideal, so they decided to delay. In addition, the first phase of the Kaito Yapper reward snapshot (from May 13 to August 5) has been completed, and the second phase (from August 6 to October 15) will be completed tomorrow (UTC+8). The third snapshot will be conducted during the TGE week.

Jinse Finance reported that after last Friday's liquidation wave, the options market shows that investors are preparing for a possible further decline in bitcoin and ethereum. Sean Dawson, Head of Research at Derive.xyz, pointed out that short-term volatility sentiment in the market is heating up, with traders buying large amounts of bitcoin and ethereum put options to hedge potential risks. Data shows that in the bitcoin market, there has been a surge in demand for put options with strike prices of $115,000 and $95,000 expiring on October 31, while call options with a strike price of $125,000 expiring on October 17 have shifted from buying to selling, reflecting a bearish short-term market sentiment. In addition, traders are also focusing on ethereum options with strike prices of $4,000 (expiring October 31) and $3,600 (expiring October 17), while a large amount of put options with a strike price of $2,600 expiring on December 26 have also been bought. Coin Bureau co-founder Nic Puckrin stated that although the recent plunge has cleared excessive leverage, bitcoin needs to break through key resistance levels to reach new all-time highs.