Crypto Update | Crypto Traders Short Volatility; PayPal Announces U.S. Dollar Pegged Stablecoin

Traders are choosing to short bitcoin volatility as crypto markets sleepily await news on the spot bitcoin ETF applications.

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ABOUT

Today's episode is sponsored by Kraken Pro.

Today's Stories:

PayPal to Issue Dollar Pegged Crypto Stablecoin: Bloomberg

Worldcoin's Nairobi Warehouse Raided by Kenyan Police: Local Reports

Curve Recoups 73% of Hacked Funds, Bolstering CRV Sentiment

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

Crypto Options Traders Are Still Shorting Bitcoin Volatility

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

HOST

George Kaloudis

George Kaloudis was a senior research analyst and columnist for CoinDesk. He focused on producing insights about Bitcoin. Previously, George spent five years in investment banking with Truist Securities in asset-based lending, mergers and acquisitions and healthcare technology coverage. George studied mathematics at Davidson College.