Day: May 29, 2025

According to the wise sages at Deribit, a staggering 92,501 BTC options are set to meet their fate today, with a Put/Call Ratio of 0.89. This hints at a market sentiment that’s just a tad optimistic—like a child believing in fairy tales. Among these options, 48,880 are calls, while 43,620 are puts, creating a notional value of $9.825 billion. Quite the treasure trove, wouldn’t you say? 💰

This week’s expiring options are not merely a whisper of last week’s, but a resounding symphony, as today’s contracts are the pièce de résistance of the month.

The survey, which involved 2,036 Americans aged 18 and above (because, as we all know, the opinion of every random person on the street is invaluable), found that 56% of respondents are in favor of decentralized AI, and a staggering 77% reckon that it’s somehow “more beneficial to society.” Oh, how noble! A truly altruistic bunch, those survey-takers. 😏

In a post on X, dated May 29, our valiant Sui (SUI) confirmed that validators, representing a staggering 90.9% of the total stake, raised their virtual hands in a resounding “yes” to an on-chain governance proposal. This proposal, dear reader, was to transfer the frozen funds into a multi-sig wallet. A critical step indeed, following the $223 million exploit that sent shockwaves through the protocol on May 22. One can only imagine the drama! 🎭

With the price of BTC doing a little dip under $105K, Wynn found himself closing all his positions, which led to one of the most dramatic liquidations in crypto history. I mean, talk about a faceplant in the crypto world, right? Ouch. 😬

His current highly leveraged BTC position, which he seems to be clutching like a life raft, has spiraled into a loss of nearly $100 million over the past week. Talk about a rollercoaster ride! 🎢