😌ETH Implied Volatility At 'Rock Bottom': Deribit

GM Defiers!

Happy Friday! We kick things off by looking at a significant expiry of BTC and ETH options on Deribit, a leading crypto options exchange. We also explore the rising sales of Trezor, a hardware wallet, in response to security concerns with its rival, Ledger.

Next, we dig into a Fed report which indicates a surprising resilience among U.S crypto holders, despite the market downturn in 2022. Shifting focus, we introduce you to Maestro, a Telegram bot that's profiting tremendously from the memecoin trading craze, amassing over $4.5M in trading fees just this month. Finally, we dive into the unexpected rise of Bitcoin-based NFT collection Space Pepes.

✍️ In today’s newsletter:

• Over $3B worth of BTC and ETH options expired on Friday
• Trezor hardware wallet sales spike
• Fed report says 10% of Americans held or used crypto in 2022
• Memecoin trading bot rakes in millions in fees
• Bitcoin-based Space Pepes top NFT charts

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