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Strike Finance is a decentralized money market from which users and developers can access liquidity on demand, using their supplied collateral.
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Tether Proposes Merger of 21 Capital with Strike and Elektron Energy to Build a Bitcoin-First Public Ecosystem Platform
According to an official announcement, Tether Investments has proposed two merger transactions: one between Twenty-One Capital (XXI) and Bitcoin financial services company Strike, and another between XXI and Bitcoin mining firm Elektron Energy. These mergers aim to expand XXI’s business scale and long-term growth capabilities. Tether Investments stated it will vote in favor of the proposed transactions. Upon completion, XXI will integrate Bitcoin asset management, mining, financial services, lending, and capital markets operations, becoming a globally leading listed Bitcoin integrated platform.
Analyst: $80,000 is the first effective resistance level for BTC. If it breaks $82,000, it could enter an amplified volatility range.
crypto analyst Murphy posted on platform X, stating that by combining three sets of data (Options Gamma Exposure, Options Open Interest by Strike Price, Options ATM Implied Volatility), the impact on BTC from an options perspective is as follows: $80,000 is the first effective resistance level above BTC’s current price. This level simultaneously features high Call OI, positive Gamma, and low IV. When the price pushes upward from this point, market makers' dynamic hedging tends to create selling pressure; the lower the IV, the higher the marginal sensitivity of market makers' hedging adjustments. Therefore, the thickness of this wall (OI of 7,200 BTC + the magnitude of positive Gamma) makes $80,000 a "tough nut to crack" in May. Once it breaks through and approaches $82,000, due to the presence of a larger scale of negative Gamma (OI of 4,644 BTC) at this level, the market could quickly shift from being suppressed to an "amplified volatility" mode.