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👀ETF Options Drive Bitcoin ATH

GM Defiers!

Bitcoin is again posting new all-time highs following the launch of Bitcoin ETF options. Options for BlackRock’s IBIT ETF drove nearly $1.9 billion worth of notional exposure on their debut.

Microstrategy’s Bitcoin buying spree continues, making the firm a major beneficiary from the BTC rally. The price of MSTR stock is up 25% since announcing a $4.6 billion BTC buy on Nov. 18.

Coinbase will delist Wrapped Bitcoin next month. The move follows WBTC’s corporate restructure and Coinbase launching cbBTC.

Also, Starknet adoption picks up, Elixir targets BUIDL liquidity with DeFi yield, AI tokens bounce back, and Polter Finance’s TVL gets obliterated by exploit.

✍️ In today’s newsletter:

  • BTC tests $95,000
  • Microstrategy surges amid Bitcoin rally
  • Coinbase to ditch Wrapped Bitcoin support
  • StarkNet transactions a revenue soar
  • Elixir targets RWAs with deUSD yield
  • AI tokens return to contention
  • Polter Finance devastated by flashloan attack

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🚀Bitcoin Hits Another Record High of $94,900

The launch of options on spot Bitcoin ETFs has propelled BTC to new all-time highs, with Bitcoin tagging roughly $94,900 earlier today. During the debut day of trade, options on BlackRock’s Bitcoin ETF drove $1.9 billion worth of notional volume, with calls making up nearly four times the volume of puts.

⬆️Microstrategy Stock Soars After Buying $4.6 Billion Worth of Bitcoin

Microstrategy shares continue to rally alongside Bitcoin, with the price of MSTR up 25% since the company announced its latest $4.6 billion BTC buy on Nov 18. MSTR is up 500% year-to-date, with the company now holding $30 billion worth of BTC.

🚫Coinbase to Delist Wrapped Bitcoin In December

Coinbase announced it will suspend trading for Wrapped Bitcoin next month after a company review found that WBTC no longer meets its listing standards. The move comes after Wrapped Bitcoin’s controversial corporate restructuring in October, and Coinbase launching cbBTC in September.

📊StarkNet Activity Hits Highest Level Since March

Activity on the Starknet Layer 2 soared to its highest level in close to eight months. Starknet’s transaction count jumped to 800,000 last week, while revenue is up 557% over the past 30 days.

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Honor VS Madness Unveils GrimGold: A New Era in Player-Driven Ownership

Honor VS Madness (HvM) is redefining NFT-based gaming with the launch of GrimGold (GG), its native token, now live following the Token Generation Event on November 12th. GrimGold brings actual ownership to players, allowing them to trade, stake, and influence the game's evolution through blockchain-backed assets. Dive into strategic gameplay with exclusive card packs, rare character skins, and player-owned pets that add value and customization to every move.

With deflationary burn mechanics, staking rewards, and voting rights, GrimGold is a stake in HvM's future. Join tournaments, earn unique in-game assets, and help shape the game's development. Explore how HvM is setting new standards for community-driven economies in digital gaming.

READ MORE: Honor VS Madness Brings Player-Driven Ownership to NFT Gaming with GrimGold

🤝Elixir Teams Up With Securitize To Tap BUIDL Liquidity With DeFi Yields

Elixir has teamed up with Securitize, a real-world asset tokenization platform. Holders of shares in BlackRock’s BUIDL fund and other Securitize-issued RWAs can now access DeFi yields via Elixir’s deUSD stablecoin.

📈AI Tokens Rebound Amid Bitcoin Rally

AI tokens are staging a comeback as bullishness sweeps across web3. Four of the 15 largest AI tokens posted double-digit gains over the past week, according to CoinGecko.

💀Polter Finance’s Entire $12M TVL Wiped Out in Exploit

A flashloan attack has wiped the total value locked of Polter Finance to zero from $12 million. The project’s founder filed a police report after identifying that the culprits moved stolen funds to Binance.

🌍 ELSEWHERE

  • Bankman-Fried's ex-deputy Wang avoids prison time over crypto fraud (Reuters)
  • Grayscale to Launch Bitcoin ETF Options Following BlackRock’s Record Debut (Decrypt)
  • Dogecoin, XRP Trading Volumes Flip Bitcoin’s in South Korea (CoinDesk)
  • Stablecoin Supply Hits Record $174.7 Billion, Boosting Crypto Liquidity to All-Time High (Unchained)

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