Transak announced the launch of telegraphic transfer as a new payment method for US users to purchase cryptocurrencies, a move aimed at providing more diverse payment methods and thus improving the overall user experience. Transak is said to be the first and only fiat-to-cryptocurrency portal to offer telegraphic transfer services with a 1% fee, and 13 partners have joined, including Binance.US.
Lin Chen, head of Asia Pacific commerce at Deribit, wrote on the X platform that a user purchased a put option of $61,000 on August 9 (Friday), totaling 250 BTC, and paid the premium of $916,000. Bearish, thinking that it will continue to fall when it expires this Friday. The current price has fallen to $54,600. The most important reason for this decline is the US economy or trading recession, which caused a strong panic in the market.
According to the official data released by Deribit, a user purchased a call option of $3,200 at the end of August, a total of 5,000 ETH, and paid a premium of $1.43 million. It said that this shows that the option user believes that the recent passage of the spot ETF will drive market sentiment and drive up the price. When the price is higher than 3500, it will be profitable. The current market consensus is that the Ethereum spot ETF will pass as soon as this week.