We’re excited to bring you the weekly updates, insights, and opportunities to enhance your trading experience with Delta Exchange.
WEEKLY SNAPSHOT
Note: Last Price mentioned above are as observed on 1st May, 11:59 PM IST.
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CRYPTO NEWS
- On 2nd May, the global crypto market cap was $3.02T, a 0.33% increase over the last day. The total crypto market volume over the last 24 hours is $78.02B, which makes a 9.15% decrease. Bitcoin’s dominance is currently 63.9%, an increase of 0.01% over the day. (Source: Coinmarketcap)
- Visa and Bridge are partnering on a new product that will allow developers to offer stablecoin-backed Visa cards. The product will be available in multiple countries, beginning with Argentina, Colombia, Ecuador, Mexico, Peru, and Chile. Cardholders will be able to make purchases using their stablecoin balances “at any merchant location that accepts Visa.” Bridge will handle the back-end infrastructure that draws down users’ stablecoin balances and fiat conversions. (Source: theblock.com)
- Bitcoin holder Strategy missed earnings expectations late Thursday but raised its outlook for its bitcoin gain this year. Strategy (MSTR), which owns one of the world’s largest caches of bitcoin, reported a loss of $16.49 per share, widening from a loss of 31 cents per share.The earnings were well below FactSet expectations for a loss of 11 cents per share. Revenue declined 3.6% to $111.1 million, also missing estimates for $116.6 million. (Source: investors.com)
- Spot bitcoin exchange-traded funds in the U.S. experienced $591.3 million in net inflows on 28th Apr, extending their streak of inflows to seven days. The total trading volume across the 12 ETFs shrank to $2.4 billion on Monday, down from $3.3 billion on Friday. Their cumulative net inflows reached $39.02 billion, the highest level since Feb. 24. (Source: coinstats.app)
- The US Securities and Exchange Commission (SEC) has postponed its decision on two proposed cryptocurrency exchange traded Funds(ETFs), that would provide exposure to XRP and Dogecoin. The agency extended its review period until June 17, 2025. Another filing submitted, came from Nasdaq, which requested approval to list a 21Shares Dogecoin ETF. All three proposals reflect rising interest from exchanges in altcoin-based investment products. (Source: financemagnates.com)
OPTIONS OI ANALYTICS FOR UPCOMING WEEK
OI Analytics for the upcoming week: BTCUSD
Significant Call writing starts at 1,00,000 strike while significant Put writing starts at 90,000 strike on the lower side. PCR of 2.33 points to a bullish sentiment for the coming week.
OI Analytics for the upcoming week: ETHUSD
Significant Put writing starts from 1500 strike while Call writing starts from 2000 strike.PCR of 1.33 points to a slightly bullish sentiment for the upcoming week.
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UPDATES FROM THE DELTA EXCHANGE TEAM
The Delta Exchange will be setting up booth at BotSummit in Delhi on 4th May (Sun).
BotSummit Delhi:
Venue: Jawahar Lal Nehru Indoor Auditorium, Jawaharlal Nehru Stadium, Pragati Vihar, New Delhi
Date: 4 May, 2025
Time: 10:00 AM to 7:00 PM
This is a fantastic opportunity to connect with us and explore our innovative product offerings that can enrich your trading experience. Visit our stall to learn more about our platform, features, and the unique solutions we bring to the table for traders like you.
Mark your calendars and drop by to discover why Delta Exchange is the ultimate choice for Crypto F&O. See you in Delhi!
If you need any assistance or have any questions, our dedicated customer support team is here to help you, please write to us here.
Happy Trading!
Delta Exchange Team.