Odaily Planet Daily News Decentralized lending protocol Silo announced the launch of the OP Mainnet on X. With a deposit of $1.3 million, Silo Optimism started the initial OP distribution in 9 markets, including OP, wstETH, wBTC, tBTC, rETH, strxeth, VELO, sUSD, and SNX, where users can deposit in any market to borrow ETH and USDC. In stage 1, 100,000 OP will be allocated to the initial market. Over the next 60 days, the official team will launch a series of new markets and optimize incentive distribution based on protocol revenue indicators. The remaining 150,000 OP will be allocated in the second phase, during which rewards may be rebalanced based on historical activities. New markets will also be launched and may be included in the incentive category.

Coin Network reports: And official news, Velo Labs released an innovative white paper on the "Digital Gold" project, entitled "Pacific Lightnet Gold Token (PLG): Revolutionizing Gold Investment". PLG Tokens represent direct ownership of one troy ounce of investment-grade gold per Token and are backed by physical gold bars securely stored in vaults, allowing Token holders to exchange their digital Tokens for physical gold bars, enhancing transparency and trust.

Odaily Planet Daily News and official news, Velo Labs released an innovative White Paper on the "Digital Gold" project, titled "Pacific Lightnet Gold Token (PLG): Revolutionizing Gold Investment". PLG Tokens represent direct ownership of one troy ounce of investment-grade gold per Token and are backed by physical gold bars securely stored in vaults, allowing Token holders to exchange their digital Tokens for physical gold bars, enhancing transparency and trust.

According to official news, the Velo token has been launched on the Stellar Network and will serve as a utility token in the Velo protocol ecosystem to play a key role in managing liquidity. In addition, the Velo token will also act as a bridging asset, providing collateral for digital credits issued through the platform, and the RWAs that support these digital credits will also be collateralized.

Zoomer News announced on the X platform that it has been acquired by VeloData, a data visualization website, and will continue to operate as usual, while gradually integrating with Velo.

On December 22, Zoomer News announced that it was acquired by VeloData, a data visualization website, and will continue to operate as usual, while gradually integrating with Velo.

BTC options open interest on the Chicago Mercantile Exchange (CME) has reached an all-time high, according to The Block's data dashboard. In the past 24 hours, the options open interest in the CME BTC futures contracts has approached $2 billion. The same finding was observed in Velo Data's data, which showed that open interest in options for CME BTC futures reached a high of $2.1 billion. The increase in open interest indicates that the market is highly liquid with many participants. Open interest refers to the total number of options contracts that have not yet been exercised. The increase in open interest indicates an increase in complex trader activity, with new contracts being created and added to existing contracts. Coinglass data shows that open interest in options expiring at the end of December is more likely to favor calls than puts, with calls accounting for 65% and puts accounting for 35%. When the volume of a call option exceeds that of a put option, it is often interpreted as a bullish indicator.

According to Velo data, the funding rate of BTC, ETH and other mainstream currency futures continued to break through the 0.15% mark in the second half of last week, which means that the leveraged market is overheated. In general, a high funding rate greater than 0.10% (for 8 hours) is considered a sign of over-bullish leverage or overcrowding of long positions. The above has normalized as prices fell in the Asian market in the morning, with funding rates for most tokens in a healthy range below 0.1%. This is a sign that overleveraged traders are being squeezed out of the market. When momentum stalls, funding rates or the costs associated with leverage become a burden, forcing overleveraged traders to exit and creating small long/bearish volatility. （CoinDesk）

According to Coinglass, BTC options open interest reached an all-time high of about $20 billion, according to Coinglass. An increase in open interest indicates higher liquidity and more market participants. Most of the options traded in the last 24 hours were calls, with 60% of them being calls and only 40% being puts. In addition, according to Velo Data, most of the BTC active options are $50,000 call options expiring on January 26.

PANews reported on December 6 that Coinglass data showed that DOGE-related notional open interest (i.e., the value of the dollar locked in the number of active futures and perpetual futures contracts) rose 58% in a week to $625 million, the highest level since November 2, 2022. Velo Data data shows that funding rates on several exchanges have soared to an annualized rate of 50% or higher, suggesting that perpetual futures are trading at a significant premium to the spot price. Positive interest rates indicate investors' preference for long or bullish bets and reflect collective optimism that prices are likely to rise. Quotes show that the crypto meme coin DOGE has risen more than 10% in the last 24 hours, topping $0.10 for the first time since April. The price has risen by 27% in 7 days and seems to have followed the BTC soaring from $38,000 to $44,000.

PANews reported on November 7 that, according to Velo Data, since November 1, open interest related to SHIB (that is, the value of the dollar locked in the number of active perpetual futures and standard futures contracts) has increased by 23% to $61.74, which is the highest percentage increase among top cryptocurrencies. Open interest in DOGE increased by 14.6% to $328 million. Open interest in MATIC, ETH, ETC, and LTC increased by 6% to 7%, while open interest in Bitcoin (BTC) remained unchanged over the same period. Open interest in XRP increased by just 0.76% in 7 days, with data showing that XRP's rise was mostly spot-driven.

According to news on September 12, according to Velo data, the 60-day retrospective correlation between BTC price and implied volatility turned negative in the second week of September, falling to -0.29 in early trading on September 12. Jeff Anderson, senior trader at STS Digital, said: "Implied volatility has become higher in weak areas of spot prices due to the news of FTX liquidation and expectations of declines." Griffin Ardern, a volatility trader at asset management company Blofin, said that concerns about further tightening of monetary policy in global markets are also the reason for the change in volatility trends. The upcoming U.S. CPI data for August may show a rebound in inflation, which means that the Federal Reserve may take additional measures. Liquidity tightening measures to curb reflation.

Odaily Planet Daily News According to Velo data, the 60-day retrospective correlation between BTC price and implied volatility turned negative in the second week of September, falling to -0.29 in early trading on September 12. Jeff Anderson, senior trader at STS Digital, said: "Implied volatility has become higher in weak areas of spot prices due to the news of FTX liquidation and expectations of declines." Griffin Ardern, a volatility trader at asset management company Blofin, said that concerns about further tightening of monetary policy in global markets are also the reason for the change in volatility trends. The upcoming U.S. CPI data for August may show a rebound in inflation, which means that the Federal Reserve may take additional measures. Liquidity tightening measures to curb reflation. (CoinDesk)

Jinse Finance reported that according to data from Coinglass, after the announcement of the historic ruling between Grayscale and the SEC, traders holding short positions were liquidated for $120 million in just 24 hours. There were $169 million in liquidated positions, with short positions accounting for nearly two-thirds. The liquidations were the most since Aug. 16, when the market crashed and more than $1 billion in positions were liquidated. Additionally, total open interest increased nearly tenfold in the four hours on Tuesday, from $3.8 billion to $34 billion, according to Velo.

Jinse Finance reported that CRV fell to around $0.5 early Tuesday, reaching its lowest level since November 22 last year. Prices have fallen about 30 percent since Curve suffered a reentrancy attack late Sunday. Notional open interest in CRV-linked perpetual futures has doubled to $106 million, while funding rates are negative, according to Velo data. This is usually a sign that traders are shorting or betting on lower prices. The bearish positioning may have stemmed from concerns that Curve founder Michael Egorov's large lending positions on Aave and Frax could be liquidated, which could destabilize Curve and the broader crypto market.

Jinse Finance reported that Velo Labs, a blockchain cross-border settlement technology company, announced the completion of a financing of US$10 million, with the participation of DWF Labs, a digital asset market maker and investment company. Velo Labs mainly uses blockchain technology to create a compliant financial ecosystem, aiming to connect current global economic activities to the blockchain and promote the trustless, formless, borderless and unlimited flow of assets around the world .

PANews On June 26, according to official news, "Web3+" financial ecological infrastructure developer Velo Labs announced the completion of financing of US$10 million, and DWF Labs, a digital asset market maker and investment company, participated in the investment. Velo Labs mainly uses blockchain technology to create a compliant financial ecosystem, aiming to connect current global economic activities to the blockchain and promote the trustless, formless, borderless and unlimited flow of assets around the world .