Our weekly crypto derivatives analytics report dives into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

Spot prices have jumped significantly in the two weeks following the November 5, 2024 U.S. elections, propelling Bitcoin to new all-time highs, while Ethereum hasn’t kept pace. The implied volatility term structure has inverted again in tandem with these spot price movements, although longer-dated tenors remain relatively stable. Derivatives market indicators reflect strong positive sentiment: perpetual funding rates are consistently positive, open interest in futures contracts is rapidly increasing and options skew remains firmly positive.

Open interest in futures has surged, indicating heightened market participation and a growing interest in leveraged exposure due to recent price movements. Similarly, open interest in perpetual contracts has sharply increased, fueled by rising trader confidence and a growing demand for leveraged positions in light of recent market rallies. Meanwhile, the implied volatility term structure continues to invert in alignment with spot price increases, demonstrating a sustained correlation between spot prices and volatility.

Please check out the report’s highlights.

Futures Open Interest Reaches ATH Along With Price

Perpetual swap open interest has been increasing alongside futures, with a consistent rise in open positions over the past week reaching all-time high activity levels. This trend suggests that traders are actively pursuing leveraged exposure in response to the ongoing spot rallies, aiming to capitalize on the rising spot prices. Notably, there’s been renewed interest in Ethereum (ETH), reflected in rising trading volumes. 

Perpetual swap funding rates have reached exceptionally positive levels, indicating that long positions are confident enough to pay these rates to sustain their leveraged exposure. This trend has consistently been observed across all tokens, with a noticeable rise in funding rates since Nov 10, 2024. The persistently high funding rates highlight the strength of the bullish sentiment, which is also evident in the increasing open interest in futures contracts. This aligns with the recent spot price action, demonstrating significant upward momentum.

Option Volatility Term Structure Inverts 

The implied volatility term structure for Bitcoin has inverted amid the recent spot rallies over the past few weeks, indicating heightened market uncertainty and expectations of imminent price movements. However, levels haven’t exceeded the highs seen before the elections, and longer-dated tenors remain firmly range-bound. Concurrently, open interest in Bitcoin options has risen significantly, with a notable increase in put trading volumes. Open interest in puts has slightly surpassed calls, despite the persistently bullish market outlook indicated by the volatility smile skew.

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 20, 2024): Market Becomes Extremely Positive About Bitcoin as Volatility Curve Turns Invert

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How to Become a Bybit VIP: Your Guide to Exclusive Benefits

LETSTOP is a drive-to-earn mobile app that monitors phone distractions while driving. Learn more about how it works in this article.

Smartphone distractions have created an unprecedented road safety crisis worldwide. 

: texting behind the wheel makes drivers six times more likely to crash than drunk driving does — yet millions of drivers still use their phones while operating vehicles.

This article explores how LETSTOP is transforming safe driving into rewarding experiences through blockchain technology. We'll examine its drive-to-earn model, reward system, tokenomics and potential as both a road safety solution and an investment opportunity.

 is a drive-to-earn mobile app that monitors phone distractions while driving. Users earn STOP tokens for phone-free driving through a gamified system that transforms daily drives into rewarding experiences.

A life-changing car accident caused by a distracted driver running a red light inspired LETSTOP co-founder Almog Nissan to reimagine road safety. Together with co-founder and CEO Dor Levy, they envisioned rewarding safe driving, rather than just punishing dangerous behavior.

The founders built a platform that combines automotive technology, cryptocurrency and AI to revolutionize road safety through rewards. This innovative approach has quickly gained traction, with over 50,000 users logging over 3 million kilometers of safe driving since the app’s launch.

Distracted driving claims thousands of lives annually, with 

, of which 9% are directly linked to phone use. LETSTOP aims to tackle this crisis as follows:

Each of these objectives works harmoniously to support LETSTOP's ultimate mission of transforming road safety into a rewarding experience that benefits both individual drivers and society.

The LETSTOP app operates through a sophisticated system that monitors and rewards safe driving through the following apps and features:

The result is a dynamic system in which better driving habits unlock greater earning potential.

The following five core features power LETSTOP's drive-to-earn ecosystem.

LETSTOP uses a dynamic 40-level system to make safe driving rewarding. As drivers earn XP through distraction-free journeys, they advance from Level 1's 2% bonus toward Level 40's 70% boost. Through this gamified approach, daily commutes become opportunities to climb the ranks while building safer driving habits.

LETSTOP Credits are the core currency of the platform, earned directly through safe driving achievements. Earning rates directly scale with user level, vehicle type and subscription tier as follows: PRO subscribers enjoy unlimited earning potential, while PLUS and LITE tiers are capped at 300 and 150 monthly credits, respectively.

In the STOP Store, users invest their earned credits into virtual cars with unique earning multipliers. From the basic model's 2% bonus to the Jazzster GN's 150% boost, each vehicle offers different strategic advantages for maximizing rewards.

Beyond vehicles, the store features mystery boxes containing rewards from 10 to 450 credits, as well as car upgrades and subscription boosts. Users can also access a voucher marketplace to redeem credits for real-world rewards through LETSTOP's partnership network.

LETSTOP's triple-boost system combines vehicle multipliers for immediate earnings acceleration, a level-progression system for sustained growth and a 5% referral program for community expansion. Premium membership unlocks enhanced benefits across three tiers, while special events create time-limited opportunities for increased rewards.

The platform's comprehensive rewards system operates across three membership tiers, each one tailored to different user needs. LETSTOP PRO (at $9.90 monthly) offers unlimited credit earning potential and exclusive benefits. The PLUS tier provides a balanced option at $4.90 monthly with a 300-credit earning cap, while the free LITE tier allows users to earn up to 150 monthly credits.

Beyond direct earnings, the rewards system incorporates partner vouchers, cryptocurrency conversion options and community features, such as leaderboards. Achievement rewards recognize milestones in users' safe driving journeys, while the upcoming cryptocurrency integration will allow users to convert their efforts into tradeable STOP tokens.

LETSTOP has shown consistent progress, with the following key milestones already achieved:

Looking ahead to 2025, LETSTOP plans to implement the following key developments:

These developments aim to strengthen LETSTOP's position as a leader in drive-to-earn while furthering its mission to enable safer roads worldwide.

STOP is an SPL token built on the Solana network. It’s designed to bridge safe driving behavior with cryptocurrency rewards. The STOP token implements an annual halving mechanism to ensure long-term value preservation, similar to Bitcoin's model, but accelerated to align with the project's growth trajectory.

STOP has a max supply of 100 million tokens, to be distributed in the following manner:

The growing adoption of LETSTOP's drive-to-earn app and its impact on road safety directly influence STOP's price trajectory. While cryptocurrency forecasts remain speculative by nature, multiple price analysis platforms project the following for STOP:

These forecasts suggest a positive long-term outlook for STOP, driven by the growing drive-to-earn sector and LETSTOP's innovative approach to road safety. However, STOP's future value will ultimately depend upon user adoption, platform development and broader market conditions.

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STOP shows promising potential in the drive-to-earn sector, though investors should carefully weigh both its strengths and potential risks before making investment decisions.

While STOP's innovative approach to road safety and its strong initial traction distinguish it in the market, potential investors should 

 and invest no more than they can afford to lose.

As smartphone distractions continue to endanger lives on roads worldwide, LETSTOP offers an innovative path forward. Through its innovative drive-to-earn model and STOP token ecosystem, the platform transforms daily commutes into safer roads and user earnings opportunities, showing how digital innovation can effectively “drive” positive behavioral change.

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LETSTOP (STOP): Turning Daily Rides Into Profitable Journeys

FDUSD, a stablecoin from First Digital Labs, is now live on Sui as a native token, joining other stablecoins like USDC and AUSD.

The S&P 500 ended flat amid mixed earnings and geopolitical concerns, as investors awaited Thursday's data and Fed commentary. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.01%, with Bitcoin rising by 1.91% and Ether dropping by 0.59%, in the past 24 hours.

Today's top performer is LUMIA, which surged 16.1% following the announcement of its partnership with Cobox to bridge real-world assets and virtual ownership.

Lumia (LUMIA), founded in 2024, is a Layer 2 blockchain solution leveraging the Polygon CDK to enhance scalability, liquidity, and interoperability. It addresses challenges like data availability and cross-chain interactions by incorporating AvailDA for decentralized data and Polygon AggLayer for cross-chain functionality, enabling efficient and flexible dApp development. 

 to integrate real-world assets (RWAs) into its immersive, player-owned universe. This collaboration aims to enhance asset liquidity, trading, and gameplay experiences, bridging digital and physical realms for more tangible and vibrant virtual ownership.

Check Out the Latest Prices, Charts, and Data of 

, a stablecoin from First Digital Labs, is now live on Sui as a native token, joining other stablecoins like USDC and AUSD. This launch reflects growing institutional confidence in Sui, which has seen significant growth in TVL and DeFi volume. FDUSD, backed by reserves in Asian banks and US Treasury debt, offers DeFi users a reliable, US Dollar-pegged stablecoin, bridging traditional finance and cryptocurrency ecosystems.

Yesterday, the total flow into Bitcoin Spot ETFs is $146.9 million, with $0 million in GBTC and $146.9 million in non-GBTC products.

: the Spotlight Badge, which requires minting through the Spotlight Protocol and joining a Spotlight circle; the Impossible Finance Badge, which involves completing social tasks, claiming the TIDIA faucet, staking TIDIA on Impossible Finance, and then claiming the badge; and the SNGLR Badge, where users connect their wallet, follow artists, mint IP assets, tweet, and provide personal details to claim their badge. More badges are coming soon!

Beginner

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FDUSD Launches as Native Stablecoin on Sui, Strengthening DeFi Ecosystem

Altcoins

Vechain has been one of the fastest growing altcoins of 2021, but what is it and is it a good investment? In this article, we answer those questions.

-based platform, distinguishes itself with an anti-fraud technology that has the potential to ultimately end product piracy.

Vechain’s proprietary technology helps to authenticate purchases and boost consumer confidence through reliable recordkeeping. Moreover, it can help companies to establish a higher level of transparency during their manufacturing and delivery processes.  

But what is VeChain, and how does it function? And most importantly – is its VET coin a good investment?

Read on below for a deeper look into the world of VeChain, and find out what investment prospects this emerging technology holds right now.

Let’s start by firstly understanding the role of

Currently, supply chain data for business procedures is compartmentalized in data silos among various stakeholders. It adversely affects information flow and acts as a dividing aspect among stakeholders. VeChain offers to provide a complete view of all organizational processes by taking away the concept of information data silos.

Essentially, VeChain is a blockchain platform that helps to simplify information chain management. Its blockchain was originally conceived as a means of determining whether a real-life product is genuine or not. It helps prevent frauds and knock-offs; and now, multiple corporations use its blockchain to keep track of production, manufacturing, delivery, and much more.

The blockchain purports the formation of self-executing 

 with a definitive outcome without third-party trust or intrusion required. It facilitates the establishment of decentralized applications (

), which can solve many enterprise problems, including:

 – VeChain uses smart chips technology to track every individual item, hence preventing duplication 

 – Using smart Internet of Things sensors to report critical data through the blockchain, companies can automatically monitor and ensure that food products aren’t spoiled during transportation and storage

 – companies can retain a tamper-free pool of data for vehicle data such as repair history, registration, insurance, and driver habits

 – companies can quantitatively track their carbon contributions to help decrease carbon emissions. The concept here is that consumers engaged in reduced carbon-emitting behaviors, for instance, buying products with reduced carbon, could be given the credits that can be redeemed for environment-friendly products or can be given as a donation

 – collaborating with Bayer China, VeChain intends to use blockchain technology for solving problems related to digitalized clinical trial tracing

VeChain aims to grow into a leading platform for initial coin offerings (ICOs) and lead transactions between Internet of Things (IoT) connected devices. 

The main goal of VeChain is to streamline the data flow of supply chains. The VeChain portal comprises two specific tokens:

to give value to VeChain’s network (funds the blockchain)

 to strengthen smart contract plans (empowers the technology)

 is this: As mentioned briefly in the previous section, VeChain allocates every product a distinct identity. It uses smart chips or Radio Frequency Identification (RFID) tags and sensors to track what happens to the product at every phase of the supply chain. Moreover, all this information can be accessed in real-time by authorized stakeholders. It helps companies and customers ensure that each product is handled properly and verified for legitimacy during a purchase.  

The VeChain Portal claims to deliver a 360-degree outlook of all the essential information related to a product and its subsequent business processes. The platform provides access to authorized stakeholders, such as supply, storage, and transportation, to create greater market transparency. VeChain also publishes frequent financial reports to encourage transparency.

VeChain aims to develop an intrusion-free and evenly deployed corporate system to allow clear information flow, promote effective cooperation, and allow velocity-based information sharing. As per VeChain’s philosophy, blockchain technology has the power to break the asymmetric information flow and allow for data ownership to flow back to and strengthen its user.

To elaborate a real-life use of VeChain based management of operations, the portal can monitor and keep track of a long list of operational details. Information such as quality, validity, storage temperature, mode of transportation, and mile route delivery of a pack of medicines can be managed right from the manufacturing facility to the end customer, using the above-mentioned smart-chip sensors.

 of VeChain as a blockchain and a cryptocurrency are:

VeChainThor blockchain is open source, which makes it suitable for hosting smart contracts and DApps.

2. In-house IOT and Supply Chain Management Technology:

 The VeChainportal will allow corporations to use the awesome power of blockchain for industries such as agriculture, liquor, and luxury goods.

Native fee delegation is a part of blockchain code, and the app users are not expected to hold VET or VTHO. They can write transactions related to gas costs as stated by sponsored developers are not applicable.

Having understood what VeChain is and what it is meant for, let’s delve a bit into its origins.

Sunny Lu, Louis Vuitton China’s ex-Chief Information Officer (CIO),

. The platform grew as a Bitse subsidiary, a leading and reputable blockchain company in China. VeChain is one of the few blockchains that have a considerable customer base amid well-established companies.

Since its inception, the company has been developing enterprise-focused solutions deployed on its proprietary blockchain platform. With a rising trend towards building better decentralization platforms within the blockchain industry, VeChain moved to a consortium blockchain before establishing the VeChain Foundation and ultimately starting their final migration to a Proof of Authority (PoA)-based public blockchain platform.

In the early days, the VEN token operated through the Ethereum platform and its blockchain technology. More recently, VeChain created an independent blockchain platform and rebranded it to VeChainThor (VET) in 2018. 

In terms of strategic partnerships, VeChain has, over the years, formed alliances with many major corporations. These partnerships focus on helping to achieve their goal of blockchain-powered transparency in the management and supply industries. Among these agreements is a partnership with PricewaterhouseCoopers (PwC) in line with VeChain’s aim to reach the respected accounting firm’s client base. The collaboration will help improve product verification and tracking systems.

Another major arm of VeChain is its partnership with Renault. Along with Microsoft and Viseo, the brand has created a car maintenance book that is digitally managed and tamper-proof. VeChain is the official partner of technology for the Gui’an- technology sector. Gui’an is the economic development zone in Central China.

Other notable partnerships and live-use cases include:

VeChain price history is based on the VET Token used on the blockchain. Since about late 2018, the VET Token price mostly moved sideways in a range of $0.002-$0.009. However, even within this range, it has presented itself as being tremendously changeable at times, with prices jumping in the double-digit percentage range.

In 2020, VeChain finally managed to create a stir in the market when the price rose to $0.02 in the course of a price rally in the middle of the year. It amounted to an increase of approximately 400 percent in just more than a month.

Moreover, the success of VeChain is attracting further investors. The bull market that took place instantaneously propelled the VET Token price to over $0.03 shortly after the beginning of the year 2021. On January 21, VET reached its new all-time high price at $0.035. Since then, it has catapulted in price even more, reaching an all-time high on April 27 of $0.27.

 at the time of writing of around $11 billion, VeChain ranks 14th in market cap among cryptocurrencies. The total supply is 86.712 million VET, with just over 64 million VET currently in circulation.

It must be obvious by now that the technology undoubtedly works; many investing partners believe in the project, and presently, the price is on a sturdy upswing. All in all, the prospects of VeChain looks promising.

Remember that these predictions are only to form informed opinions and is not investment advice. 

 predict a positive price trend for VeChain, saying the VET token may increase in price to $0.38, by 2023 – mostly propelled by partnerships with big names such as PwC, Renault, and others.

 also see VeChain as a worthwhile investment. They predict it could reach as high as $0.86 by 2025. 

‘s forecast also assumes an overall profitable long-term investment, predicting it could reach $0.50 by 2025.

You might be asking yourself: what is behind these

For starters, this performance is mainly because of the large number of companies adopting the VeChainThor platform to develop apps that connect blockchain technology to the real world. Examples of these companies include LVMH, Walmart China, and BYD. 

Another factor is the social media hype. In recent times, traction surrounding Vechain on social media, especially on Reddit, has grown. It has led to many users buying the currency because of the ‘fear of missing out (FOMO) phenomenon, something that is well-known in the world of crypto. 

To sum up, VeChain is already among an elite list of companies that can pride themselves on developing a fully-functioning and coherent product that is being used by numerous industries. It’s fair to say that this is down to the team behind this project having taken an extremely innovative approach to their work.

In a globalized world, where products cannot be manufactured centrally in one place anymore, tracking them has become an issue of immense importance. Hence, VeChain helps create the infrastructural basis to resolve this problem in a blockchain efficiently.

If you’re thinking of investing in VeChain, and analyze the forecasts and expert predictions regarding its growth and usability, the price increases of 300% or more over the coming years do not seem unrealistic. However, of course, as always it’s important to do your own research. Investors who want to buy the VET token must carefully educate themselves about VeChain and its technology and use crypto expert opinions only as a supporting tool before deciding to take the plunge and investing. 

So, with the new found knowledge in crypto, why not sign up to Bybit?

What Is VeChain (VET) and Is It a Good Investment?

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