$2.52B in bearish Bitcoin options signal pro traders are hedging their bets, & Other News

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The best of crypto news, prepared fresh and hot every day:

XRP surpasses $1 for the first time since 2018: What's behind the new rally?

XRP has surpassed $1 for the first time in 37 months as major cap altcoins are starting to follow Ethereum.
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$2.52B in bearish Bitcoin options signal pro traders are hedging their bets

The open interest on bearish put options has risen to $2.52 billion as traders look for protection against a BTC price drop to the $40,000–$50,000 range.
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After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 U.S. bank

It's a long road to the #1 spot, but some ecosystem players think we'll get there eventually.
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In a landscape marred by rug pulls, scams and bad actors, a Polkadot project has built an escrow service that makes token distributions completely decentralized.
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