Episode 397
📍 Ether's price crashed by 24%, causing its one-day at-the-money volatility to jump from 34% to 184%, with market makers contributing to the volatility by pulling out liquidity and delta hedging.
📍 The "Kimchi premium" on Korean exchanges rose above 10%, indicating a bearish sign for Bitcoin in the short term, as trading volumes on Korean exchanges dropped significantly and retail investors withdrew their funds.
📍 USDe, a synthetic stablecoin, maintained its peg despite market volatility, with a market cap of over $6 billion and a funding rate remaining positive, making it a potential safe haven for investors amidst market uncertainty.
📍 Coinbase secured a spot on the UK's Financial Conduct Authority register, allowing it to offer crypto services in the country, while TRUMP token's price plummeted 75% from its peak despite Donald Trump's endorsement on Truth Social.
