The main venue in Shanghai was so busy that you couldn't even squeeze in... 🤣

Yesterday, we emailed all of our customers who received preferential rates with a forecast of their new VIP rates based on the past 30 days. If you have any questions, please contact me. I'd like to emphasize that the VIP 1 rate (which reduces options fees to 2.5 per 10,000 USDC) requires an account balance of 100,000 USDC, excluding the equivalent amount in BTC and ETH. The USDC in your account can earn you US Treasury yields, which are distributed monthly.

It feels like all the dip-pickers are buried... Don't worry, the whales are buried too: Today's largest BTC options block trade was a business owner selling 1,300 BTC worth of 115,000 put options; this was likely a hedge taken before closing out a position, and he's lost over 18 BTC so far. 🤢 Let's see if the US stock market rebounds when it opens tonight.

Buying options to catch the dip can ensure good sleep 😉

Hedging with options eliminates the need to worry about these black swan events. Volatility is actually not high, and prices are not expensive. Buying options to go long or short allows for peace of mind. 🙏

The September schedule of the cryptocurrency circle’s bulls and horses. Those in blue are on business trips... Don’t ask me anymore if I’m not very active on Twitter because I’m free.

Yesterday, @deribitofficial executed the largest ETH block in history: - I took profits on a previously purchased bull spread between 4,000 and 6,000 ETH, expiring at the end of the year, totaling 26,900 ETH; - I bought new bull spreads between 5,000 and 6,500 ETH, expiring in March and the end of June next year, totaling 78,800 ETH; Total profit of $2.09 million USD. 🫡 (Mainly from the significant profit from previous profit-taking.) => I believe the current surge is over, but I remain strongly bullish on ETH in the long term, predicting a potential surge to the ATH of 6,500 in the first quarter of next year.

Happy Mid-Autumn Festival everyone! Today's coin price is also very appropriate. ❤️

Deribit's new fee structure will take effect on November 1st. The first tier of fee discounts requires an account holding 100,000 USDC, with no trading volume requirement. USDC currently has a 4.1% annualized interest rate. On October 1st, accounts will receive a projected fee based on September's trading volume. If the fee is lower than the current rate, the account will automatically be upgraded in October. If the fee is higher than the current rate, the rate will be reassessed in November. 🙏

Everyone got up this afternoon to listen to @calilyliu preaching SOL. 👏