Analyst: $1.6 Billion Bitcoin Options Expiring Today, Low Volatility Expected
May 22: Per data from Greeks.live, a total of 21,000 Bitcoin (BTC) options expired today. The put-call ratio for these contracts hit 0.66, with a maximum pain point of $78,500 and a notional value of $1.6 billion.
On the Ethereum (ETH) side, 129,000 ETH options are also set to expire today, carrying a put-call ratio of 0.92, a maximum pain point of $2,200, and a notional value of $2.8 billion.
Adam, an analyst at Greeks.live, noted that Bitcoin wrapped up a month-and-a-half-long rebound this week, though on-chain support for the asset remains strong. The broader market has stayed relatively quiet with low investor attention so far this period. Notably, less than 5% of both BTC and ETH options are expiring this week—delivery volumes are light on both fronts. For BTC, the small delivery volume paired with the maximum pain point being close to the current price means the gamma/pin effect will be more pronounced around expiry. ETH, meanwhile, is seeing half the delivery volume it had las
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A trader has a $7.5 million unrealized gain on a long position in HYPE against ZEC and has opened a new long position for 18,100 ETH.
As of May 22nd, monitoring from LookOnChain shows trader Evaded (@ICanPlug) netted over $7.5 million in under four days via long positions on ZEC and HYPE. Today, he’s opened another 25x leveraged long position on ETH: totaling 18,100 ETH and valued at roughly $38.63 million.
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trade.xyz has seen a trading volume of $32.88 million in the last 24 hours, with the current price implying a valuation of $2.492 trillion.
May 22 data from trade.xyz shows the platform’s Pre-IPO segment recorded $32.88 million in 24-hour trading volume for SpaceX (ticker: SPCX), with current open interest standing at $36.33 million. The SPCX ticker is currently priced at $210.03, corresponding to an implied valuation of $2.492 trillion.
When SpaceX’s Pre-IPO trading launched on trade.xyz at 7 a.m. Beijing Time on May 18 under the SPCX symbol, it had an initial starting price of $150. This launch was based on a fully diluted reference share count of 11.87 billion, which put the initial reference market cap at $1.78 trillion.
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Nomura Securities: Inflation Rising, Fed Unlikely to Cut Rates in 2026
May 22: Nomura Securities now projects the Federal Reserve will hold interest rates steady throughout 2026, citing rising inflation and diminishing support among Fed officials for additional monetary easing—factors that have reduced the likelihood of a near-term interest rate cut.
In a May 21 report, the Japanese financial institution noted: “Incoming Federal Reserve Chair Kevin Wash may still have incentive to ease policy, but recent economic data and comments from Fed officials have cast doubt on his ability to build a majority of the Federal Open Market Committee (FOMC) behind a rate cut.”
Previously, Nomura had forecast 25 basis point rate cuts at the Fed’s September and December meetings this year, per FXStreet.
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Pump.fun Launches USDC Pair Liquidity Pool Function
May 22 (Official Sources) – Solana ecosystem token launch platform Pump.fun has officially rolled out a USDC-paired liquidity pool feature, per the team’s announcement. Token creators can now choose to use USDC instead of SOL when launching trading pools, a change designed to enhance market stability, optimize token distribution, and open up more growth opportunities for projects.
The platform noted that recent price swings in Solana have caused thresholds for SOL-denominated bonding curves to drop steadily. As a result, new tokens’ initial market capitalization has dipped to around $2,000, with bonded completion market caps hitting roughly $30,000—making it far cheaper to hoard large quantities of chips, which worsens token distribution imbalances and the well-documented “low ceiling” issue.
Pump.fun added that USDC trading pairs will raise the bar for high-quality projects. Historical data shows USDC-paired tokens have an initial market cap set at $4,000, with bonded completion mar
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HYPE Hits New All-Time High, PURR Surges Over 19% in 24 Hours
May 22 – Per HTX market data, after Hyperliquid’s native token HYPE hit an all-time high yesterday, ecosystem tokens have shown notable strength, including standout gains from its meme coins:
- Hyperliquid ecosystem meme coin PURR is currently trading at $0.1301, with a 19.67% 24-hour gain;
- Hyperliquid ecosystem meme coin JEFF is now priced at $4.07, boasting a 32.43% 24-hour increase.
Additionally, Hyperliquid Strategies Inc (PURR) – a company listed on HYPE’s treasury – closed up 4.43% in regular trading, adding a 1.06% extension in after-hours action, and is currently trading at $8.57.
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