Omkar Godbole

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

Omkar Godbole

Latest from Omkar Godbole


Markets

First Mover Americas: Ether Declines 7% Post-Merge and Makes Ether Futures More Sensitive to Staking Yields

The latest price moves in crypto markets in context for Sept. 16, 2022.

Crypto exchange Cboe is asking the U.S. Securities and Exchange Commission (SEC) to allow staking in several spot ether (ETH) exchange-traded funds (ETFs

Markets

Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say

Stakers have been and will be natural sellers in futures and perpetual futures and the hedging activity will increase as staking yields rise.

Yield sign (Shutterstock)

Tech

Ethereum Merge Brings 'Sell-the-Fact' Price Move in Crypto Markets

The price stability that prevailed after Ethereum's shift to a more energy-efficient proof-of-stake network suddenly evaporated as ether slid 9.1%, its worst day since late August.

The Ethereum Merge watch parties are over. Now the hangover seems to be hitting crypto markets. (Creative Commons)

Markets

First Mover Americas: Smooth Ethereum Merge Disappoints Ether Volatility Bulls; ETC Rallies

The latest price moves in crypto markets in context for Sept. 15, 2022.

The Merge went smoothly and ETH held steady. (CoinDesk)

Markets

Ether Futures Market Discount Evaporates After the Merge

The negative spread between futures and spot prices has narrowed from $20 to almost zero following the Merge.

The anomalous condition of ether futures trading at a discount to spot prices has reversed. (Skew)

Markets

Pre-Merge Ether Exchange Inflows of Over $1B Trigger Fears of Price Drop

The cumulative inflow of $1.2 billion is supposedly the largest in six months.

Ether exchange inflows (Nansen)

Markets

First Mover Americas: Ethereum Merge Spawns Watch Parties, But 'Jail Kwon' Token Gets More Hype

The latest price moves in crypto markets in context for Sept. 14, 2022.

Terraform Labs CEO Do Kwon (CoinDesk TV, modified)

Markets

Merge-Focused Hedging Makes Ether Shorts Most Expensive in 16 Months

Some traders appear to hedge their ETH bullish exposure in case the Merge has any technical issues, driving the cost of holding bearish bets higher.

Ether's funding rate slide, indicating a surge in the cost of holding short positions. (Arcane Research)

Markets

Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot

It's becoming a game of Whac-A-Mole for the Federal Reserve to keep consumer prices from shooting up. That might mean an aggressive-for-longer stance on monetary policy, ostensibly a negative driver of prices for risky assets from stocks to cryptocurrencies.

Prices for cereals and bakery products shot up 1.2% in August from July. (Creative Commons, modified by CoinDesk)

Markets

Canadian Prime Minister Justin Trudeau Attacks Opposition for Recommending Bitcoin as Inflation Hedge

Earlier this year, Pierre Poilievre, the new leader of the opposition Conservative Party, said he supports bitcoin as an inflation-beating asset.

Canadian regulators are working with their U.S. counterparts in investigating crypto lender Celsius Network. (Chris Robert/Unsplash)