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As a world-leading cryptocurrency exchange, HTX was honored with a nomination for Best Centralized Exchange at BeInCrypto Excellence Award 2024 in early November. The final winner will be determined by the public vote, which closes on December 5 (UTC). The competition has now reached a fever pitch as the deadline approaches. While the nomination reflects the recognition of HTX by professional institutions, winning the vote will represent the trust of a broad range of users in our platform. This endorsement holds even greater significance for us. HTX Square is launching a special event to thank our users—new and existing—for your support. By voting for HTX, you’ll play a key role in helping us secure the award while earning a chance to share 200 USDT in our lucky draw! Simply visit the BeInCrypto Excellence Award 2024 voting website (https://awards.beincrypto.com/) and vote for HTX in the “Best Centralized Exchange” category. Then, take screenshots of the “Select HTX” page and the “Vote Successful” page, upload them to the event form , and be sure to include your HTX UID. Once completed, you’ll be eligible to enter the lucky draw. After the voting closes, we’ll randomly choose 10 users from those who have voted and submitted the form. Each lucky winner will receive 10 USDT airdropped to their HTX accounts. The page that displays your choice of HTX. The page that displays your vote was successfully completed. Additionally, you have a chance to double your reward! Simply share this post on any social media platform or group, and upload the screenshot of your share to the event form. If you’re chosen as one of the lucky winners, your reward will be increased to 20 USDT. Detailed Rules: ● Event Period: From now until December 5 (UTC) ● Eligibility: ○ Enter your HTX UID in the event form. ○ Visit the BeInCrypto Excellence Award 2024 voting website and vote for HTX. Then, take screenshots of the “Select HTX” page and the “Vote Successful” page, and upload them to the event form. ○ Share this HTX Square post on any social media platform or group, and upload the screenshot of your share to the event form. If you’re chosen as one of the lucky winners, your reward will be doubled. ○ Submit the event form. ● Cast your vote for HTX by visiting https://awards.beincrypto.com/ ● Fill in the event form here: https://forms.gle/LhQ2N5phjTRd2Lx68 ● Reward Rules: ○ We’ll randomly choose 10 users from those who have voted and submitted the form. Each lucky winner will receive a 10 USDT reward. ○ If a winner shares this HTX Square post on any social media platform or group, their reward will increase to 20 USDT. ○ Participants must complete L3 KYC verification before the end of the event to be eligible for rewards. If a winner has not completed L3 KYC verification, or if the screenshots they submit do not meet the specified requirements, they will forfeit their eligibility. In such cases, the platform will randomly select another lucky winner. ○ Once the lucky draw picks are made, HTX Square will publish the list of winners on the HTX official website and in the HTX Community. ○ Rewards will be airdropped to each winner’s HTX account corresponding to the UID. ○ HTX Square reserves the right for final interpretation of this event. The post Vote for HTX and Share 200 USDT: Support HTX in Winning Best Centralized Exchange at BeInCrypto Excellence Award 2024! first appeared on HTX Square .
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Vancouver Mayor Proposes Bitcoin Reserve Plan
Vancouver’s Mayor Ken Sim has proposed the idea of creating a Bitcoin reserve to strengthen the city’s financial strategy. The plan, which will be formally introduced on December 11, aims to explore whether Bitcoin can diversify resources and serve as a hedge against economic instability. Sim’s motion reflects growing interest in Bitcoin adoption at the governmental level. According to Sim, Vancouver is working toward becoming one of the most Bitcoin-friendly cities in North America. This aligns with earlier efforts by his political group, A Better City, which accepted cryptocurrency donations in 2022. Julian Figueroa, a Canadian crypto entrepreneur, noted that Vancouver already boasts the largest Bitcoin meetups and the highest number of Bitcoin merchants per capita on the continent. Globally, Bitcoin adoption by governments is gaining traction. El Salvador set an example in 2021 by declaring Bitcoin legal tender. The country has since seen its GDP grow from $29 billion in 2021 to $34 billion in 2023, according to Trading Economics. However, not everyone is convinced. The International Monetary Fund (IMF) urged El Salvador in October to tighten oversight on Bitcoin transactions. In the United States, discussions about Bitcoin as a federal reserve asset are increasing. Senator Cynthia Lummis has advocated for a strategic Bitcoin reserve and recently suggested selling part of the Federal Reserve’s gold to buy Bitcoin. Pennsylvania also introduced a proposal to allocate 10% of state funds to Bitcoin as a way to combat inflation and diversify investments. Private institutions are also joining the trend. Investment management firm VanEck is promoting Bitcoin adoption as a state or national reserve asset. Its Bitcoin ETF , HODL, currently holds assets worth $1.29 billion. Vancouver’s initiative is part of a growing global shift toward considering Bitcoin as a strategic financial tool. As Vancouver explores this possibility, the city is positioning itself at the forefront of municipal cryptocurrency adoption, paving the way for other governments to assess Bitcoin`s potential role in public finance. Huobi blog
Will $9.5B Bitcoin Options Expiry Drive Markets Higher?
Approximately 98,500 Bitcoin options contracts will expire on Friday, Nov. 29, in a large end-of-month expiry event. They have a notional value of $9.48 billion, which is more than triple that of last week’s expiry. However, it is still likely to be eclipsed by the end of December’s year-end event. Bitcoin Options Expiry This week’s tranche of Bitcoin options contracts has a put/call ratio of 0.84, meaning that slightly more long (call) contracts are expiring than short (puts) contracts. According to Deribit, open interest, or the value or number of options contracts yet to expire, is highest at the $100,000 strike price, with $2 billion in OI. Crypto derivatives provider Greeks Live reported that the Bitcoin options market has seen massive block trades, with more than $120 million in cumulative block call option trades being made on Nov. 26. “The giant whales are on the move, and a big market is likely just around the corner,” it added. Source: Deribit “BTC realized volatility has dropped to 50, while ETH holds firmer at 70. Implied volatility is flat for BTC but climbing for ETH,” noted Deribit in its weekly bulletin. In addition to today’s Bitcoin options, around 412,000 Ethereum contracts are expiring today. These have a notional value of $1.47 billion and a put/call ratio of 0.74, bringing Friday’s combined crypto options expiry notional value to around $11 billion. Crypto Market Outlook Total market capitalization has remained flat over the past 24 hours at $3.5 trillion, close to its all-time high. Since the beginning of November, around a trillion dollars have entered the crypto asset space. Bitcoin took an intraday dip to $94,700 before rebounding strongly during the Friday morning Asian trading session, adding $2,000 and tumbling to $96,700. The asset appears to be consolidating at this level, where it has been for the past week or so. We got a 11% pullback on $BTC and people are literally saying the end is imminent. It was literally less than 10 days ago when the same people were asking for a pullback to buy. Now they are saying "I`ll wait for lower". Ok. — Greeks.live (@GreeksLive) November 28, 2024 Ethereum has largely held on to gains and was trading just below $3,600 at the time of writing. XRP was performing well, climbing 7% to reach $1.57, while Cardano (ADA) was up 5% to reach $1.05 at the time of writing. Altcoins, in general, were making gains this Friday as markets remained buoyant despite the minor pullback. The post Will $9.5B Bitcoin Options Expiry Drive Markets Higher? appeared first on CryptoPotato . Huobi blog
