💧Scallop Swag Contest: Show Your Style, Win 5,000 $SCA
Feeling stylish in your Scallop swag? Show off your best styles and stand the chance to win 5,000 $SCA!
To enter, simply:
1⃣Submit at least 1 photo of yourself in Scallop's Swag (e.g. shirt, cap, scarf) in the comments below
2⃣Include #ScallopSwagContest
3⃣Comment Sui wallet address
We are looking for the most creative, best-dressed individuals representing Scallop in our Scallop Swag!
Picking 5 winners on 18th Jan, 6pm GMT+8!

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

Bitcoin has recovered from a low near $60,000 to now stand around $69,000, having effectively given back the gains it made after Donald Trump’s election in November 2024 this week.
The cryptocurrency’...