### Cboe Global Markets Announces Launch
Cboe Global Markets (CBOE) is making waves in the cryptocurrency space by introducing the **first cash-settled options product** tied to **spot Bitcoin**. This innovative product is set to launch on **Monday, December 2**.

This move is expected to attract a new wave of investors looking for ways to leverage their positions in Bitcoin without the complexities of physical delivery. The cash-settled options will provide a more simplified trading experience, catering to both seasoned traders and newcomers alike.

### What This Means for Investors
With this launch, CBOE is positioning itself as a leader in the cryptocurrency derivatives market. The introduction of cash-settled options is a significant step in the evolution of Bitcoin trading, allowing for greater flexibility and potential profit opportunities.

Investors will now have the ability to hedge their Bitcoin exposure more effectively, which could lead to increased market participation and liquidity. This could be a game-changer for the overall market dynamics of Bitcoin and other cryptocurrencies.

Stay tuned for more updates as this product launch approaches and what it might mean for the future of cryptocurrency trading!

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Cboe Global Markets Set to Launch First Cash-Settled Bitcoin Options on December 2!

### The Reluctance to Embrace Bitcoin

In the ever-evolving landscape of cryptocurrency, **Bitcoin** remains a contentious topic among financial advisors. One particular advisor has made it clear: **"I’ll never recommend bitcoin."** This statement raises questions about the future of Bitcoin and its role in investment portfolios.

### Security Concerns

The advisor's refusal to endorse Bitcoin stems primarily from **security concerns**. Many believe that the volatility of Bitcoin presents a significant risk, especially for conservative investors.

### The Current Market Sentiment

Despite the advisor's stance, the market is buzzing with activity. Recent developments show a **bullish trend** with Bitcoin nearing the **$100,000** mark. This has led to discussions about the viability of Bitcoin as a long-term investment.

### Alternative Perspectives

While some advisors remain skeptical, others argue that Bitcoin could be a valuable addition to a diversified portfolio. As the cryptocurrency market matures, the debate continues:
- Can Bitcoin be considered a **store of value**?
- Is it time to **reassess** traditional investment strategies?

### Conclusion

The conversation around Bitcoin is far from over. As more investors enter the market, the dynamics will continue to shift, challenging long-held beliefs about cryptocurrency's place in finance.

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Why One Advisor Refuses to Recommend Bitcoin: A Deep Dive

## Understanding Cryptocurrency in North Dakota

Cryptocurrency is a form of **digital money** that operates in an **unregulated** environment, leading to its **volatile value**. In North Dakota, certain entities are becoming more **crypto-friendly**, which may boost its adoption in the future.

## Williston's Crypto Initiatives

**Hercules Cummings**, the Finance Director of Williston, is a strong advocate for cryptocurrency. He has collaborated with city commissioners to:
- Establish a **cryptocurrency ATM** at the Williston Airport.
- Create a platform allowing residents to **pay city bills** using cryptocurrencies.

Cummings noted, “It’s just really to allow users to grant them another option to pay utility bills in that payment if they wish to do so. It’s to expand all our **payment corridors**.”

## Bitcoin Mining Potential

**Mining Bitcoin**—the process of generating more cryptocurrency—is among the activities feasible at data centers. North Dakota's **cold climate** and **abundant energy sources** make it an attractive location for these facilities, with potential investments reaching **billions of dollars**, according to the state Commerce Department.

Rich Garman, director of Economic Development and Finance, stated, “The interest in North Dakota is **widespread among the biggest data companies** in the world.”

## Crypto Awareness and Scams

It's crucial to understand cryptocurrency as it has been exploited by **scammers** to defraud individuals. The **Williams County Sheriff’s Office** has reported receiving calls from impersonators demanding payments for warrants and court fees using crypto.

Detective Daniel Ward remarked, “These digital wallets hold the money and get transferred in various ways. One of the wallets we saw through our investigations had almost **$900,000** that had been passed through it.”

## Other Regions Embracing Cryptocurrency

Cities like **Detroit** and **Miami Lakes, Florida**, along with states such as **Colorado**, **Utah**, and **Louisiana**, are also accepting Bitcoin for state payments.

During his campaign, President-elect **Donald Trump** claimed he would be the first “**pro-bitcoin**” president. Industry insiders express hope that the Trump administration will enact positive legislation to further legitimize cryptocurrency.

Cryptocurrency is a form of digital money that’s unregulated. That means its value can be volatile. Some North Dakota entities are crypto-friendly, and that could create more traction going forward.

Exploring Cryptocurrency's Rise in North Dakota: A Digital Frontier

Risk appetite remained robust in the final trading session of the week, with all major U.S. indices poised to close the week in positive territory. **Small-cap stocks outperformed** their large-cap counterparts, continuing their **recent streak of dominance**.

### Economic Health Indicators
Fresh business surveys highlighted a notable health in the U.S. economy, with private sector activity recording its **strongest expansion** in over two and a half years. The **services sector**, in particular, showed remarkable growth, maintaining its rapid pace of expansion.

### Major Indices Performance
The **Russell 2000**, a benchmark for small-cap equities, surged **1.7%** on Friday, building on a **1.5% gain** from the previous session. The **S&P 500** edged higher, heading for a five-day winning streak, and the **Dow Jones Industrial Average** climbed past the **44,000 mark**, moving tantalizingly close to record highs. **Technology stocks** posted more modest gains.

### Dollar Strength and Commodities
The **U.S. Dollar Index**, tracked via the **Invesco DB USD Index Bullish Fund ETF (UUP)**, extended its rally for an **eighth consecutive week**—the longest streak in 14 months—surpassing the **107 level** to hit a two-year high. The dollar's strength was fueled by a mix of **robust U.S. economic data** and **economic malaise in Europe**.

In commodities, **gold climbed** for a fifth straight session, advancing **5.6% for the week**, its best weekly performance since **March 2023**.

### Bitcoin's Bullish Momentum
**Bitcoin (BTC/USD)** maintained its bullish momentum, **soaring past $99,000** and edging closer to the highly anticipated **$100,000 milestone**.

### Friday’s Performance In Major US Indices, ETFs
| Major Indices         | Price      | 1-day %chg |
|-----------------------|------------|-------------|
| Russell 2000          | 2,401.00   | 1.7%        |
| Dow Jones             | 44,211.20  | 0.8%        |
| S&P 500              | 5,969.01   | 0.4%        |
| Nasdaq 100            | 20,768.99  | 0.1%        |

#### Notable ETF Movements
- The **SPDR S&P 500 ETF Trust (SPY)** rose **0.4%** to **$595.75**.
- The **SPDR Dow Jones Industrial Average (DIA)** rose **0.8%** to **$442.49**.
- The tech-heavy **Invesco QQQ Trust Series (QQQ)** inched **0.2%** up to **$506.20**.
- The **iShares Russell 2000 ETF (IWM)** rallied **1.8%** to **$238.61**.
- The **Consumer Discretionary Sector Select Sector SPDR Fund (XLY)** outperformed, rising **1.6%**.

### Stock Movers
- **Intuit Inc. (INTU)** fell **4.4%** in reaction to quarterly earnings. 
- Other stocks reacting to earnings reports included **Copart Inc. (CPRT)**, up **9.8%**, **Ross Stores Inc. (ROSS)**, up **3.1%**, and **NetApp Inc. (NTAP)**, down **2.7%**.

*Image created using artificial intelligence via Midjourney.*

Risk appetite remained robust in the final trading session of the week, with all major U.S. indices poised to close the week in positive territory. Small-cap stocks outperformed their large-cap counterparts, continuing their recent streak of dominance.

Bitcoin Surges Past $99,000 as Small Caps Rally and Gold Shines: What You Need to Know

# Bitcoin ETFs Surge with $1 Billion Inflows

As **Bitcoin's price** approaches the **$100,000 milestone**, Bitcoin exchange-traded funds (ETFs) saw nearly record inflows of over **$1 billion** yesterday amid volatile trading conditions.

## Record Inflows

The influx came following the launch of **options trading** on **BlackRock’s spot Bitcoin ETF** on November 19, after the **SEC's approval** for options on spot Bitcoin ETFs last month. Notably, BlackRock’s **iShares Bitcoin Trust (IBIT)** attracted the largest inflows, drawing in just over **$608 million** on November 21, according to data from **Farside Investors**.

Meanwhile, the **Fidelity Wise Origin Bitcoin Fund (FBTC)** attracted over **$301 million**, while **Bitwise’s Bitcoin ETF (BITB)** brought in **$68 million**. Although these figures are historically high, they are still below the record **$1.12 billion** pulled in by BlackRock’s IBIT on November 7.

## Political Influence

The surge in inflows coincides with speculation around **Donald Trump**'s election and his promises to protect crypto mining interests and overhaul regulatory frameworks. Trump's administration is seen as favorable for crypto, potentially driving more investments into Bitcoin ETFs.

## Dominance of Bitcoin ETFs

Bitcoin ETFs are increasingly becoming a dominant way for investors to hold Bitcoin. As of November 22, U.S. Bitcoin ETFs hit **$100 billion in assets**, with a year-to-date flow nearing **$30 billion**. This positions Bitcoin ETFs as major holders, surpassing **Satoshi Nakamoto** and representing about **82%** of the total value of **Gold ETFs**.

However, the positive sentiment around Bitcoin ETFs has not translated to **Ethereum ETFs**, which have seen continuous outflows since November 14, losing **$7 million** on November 21.

![Bitcoin ETF Growth](https://example.com/bitcoin-etf-growth.jpg)

As the price of Bitcoin approaches $100,000, Blackrock and Fidelity ETFs gobbled up the vast majority of the new capital.

Bitcoin ETFs Surge with $1 Billion Inflows as Price Nears $100,000

MicroStrategy shares fell **16%** to **$397.28** Thursday, following statements from influential investment firm **Citron Research** that it placed a **short position** against the company while maintaining a **long position** in Bitcoin.  

The **disclosure** reveals mounting concerns about the company’s stock being overvalued due to what some perceive as an overly excessive valuation. Citron Research claimed Bitcoin investing has been **"easier than ever,"** citing ETFs and stocks available on trading platforms **Coinbase** and **Robinhood**.  

Citron, which notably backed MicroStrategy in 2020 as **"the best way to play Bitcoin,"** argued the company's valuation had become **"completely detached"** from Bitcoin fundamentals despite the alpha crypto approaching **$100,000** following a three-week runup in new all-time highs.  

The decline, which erased roughly **$20 billion** in market value, marked a dramatic reversal from early trading when the stock hit an intraday record of **$543**. MicroStrategy has since emerged as the second most actively traded stock on the Nasdaq by dollar volume, trailing **Nvidia**.  

The analyst Eric Balchunas noted it has been years since a stock traded this much, likening it to **GameStop (GME)** during its trading frenzy in early 2021. The **"Trump trade"** fever seems to have cooled off but expectations of a **crypto-friendly regulatory regime** in the U.S. have prompted companies like MicroStrategy to leverage its position and buy more Bitcoin.  

MicroStrategy's aggressive capital raising strategy has intensified scrutiny of its valuation premium. Adjusted for **debt and revenue**, the company trades at roughly **3.5 times** the value of its Bitcoin holdings. It recently completed a **$3 billion** convertible debt offering, upsized from an initial target of **$1.75 billion** due to strong investor demand.  

This forms part of MicroStrategy's ambitious **"21/21"** strategy unveiled in October, which aims to raise **$42 billion** through equal amounts of stock and bond sales through **2027** to expand its Bitcoin holdings.  

MicroStrategy operates like a **leveraged Bitcoin amplifier**, using convertible debt to buy more Bitcoin while its stock trades at a premium during bull markets. However, this strategy carries significant risk if Bitcoin enters an extended bear market that could push MSTR's stock below the conversion prices of its outstanding notes.  

Currently holding **331,200 BTC** acquired at an average price of **$49,874** per coin, MicroStrategy has positioned itself as **"the world's first and largest Bitcoin Treasury Company."** The total value of its Bitcoin holdings stands at approximately **$32 billion**, while the company's market capitalization has swelled to around **$107 billion**.  

Despite Thursday's decline, the company's year-to-date performance remains strong, with the stock up nearly **500%** compared to Bitcoin's **110%** gain and the S&P 500's **25%** advance.

MicroStrategy has since emerged as the second most actively traded stock on the Nasdaq by dollar volume, trailing Nvidia. But is it too hot?

Is MicroStrategy's Stock Overvalued as Bitcoin Approaches $100K? Insights Inside!

### **Introducing CoinFishing: A New Era in Fishing Games**  
**Singapore, Singapore, November 22nd, 2024 - Chainwire**  
CoinFishing has emerged as a groundbreaking **Web3.0 fishing game** that supports **cryptocurrency payments**. This innovative game provides a refreshing alternative to traditional fishing games, merging **dynamic gameplay** with **blockchain technology** for a unique gaming experience.  

### **Next-Generation Fishing Gameplay**  
**CoinFishing Promotional Video:** [Watch Here](https://www.youtube.com/watch?v=7qvdm94czME)  
Traditional fishing games often feature repetitive settings and limited gameplay. CoinFishing addresses these limitations by introducing diverse gameplay elements that keep players engaged. With powerful **fish cannons**, players can target schools of fish and earn in-game coins with every successful hit.  

**Key Features:**  
- **Upgradable Cannons:** Enhance your cannons for improved efficiency and unlock exclusive Boss challenges for substantial coin rewards.  
- **Diverse Fishing Zones:** Explore unique zones like **Challenger Harbor**, **Master Fjord**, **Champion Seas**, and **Royal Hunting Grounds**, each offering higher rewards and exclusive Bosses.  
- **Special Items and Modes:** Use Freeze, Lock, and Torpedo cards to overcome obstacles, while **Frenzy Mode** boosts coin rewards during high-intensity gameplay.  

### **Flexible Gameplay Options**  
![Gameplay](https://app.chainwire.org/storage/uploads/images/AD_4nXfbqRjv7ShJbVheqPzfPEOUrWwksvuVNmMoxUUF8-efCX_1732203460M5mDMrHNfH.jpeg)  
CoinFishing allows for both **competitive multiplayer matches** and **private fish farming**. Players can engage in real-time fishing battles or enjoy the tranquility of curating their own aquarium of collected fish, tailoring their gaming experience to personal preferences.  

### **Visual and Gameplay Enhancements**  
![Visuals](https://app.chainwire.org/storage/uploads/images/AD_4nXfPo-raeyQrxPBCeCPxYcUJxoYJJaj9Bv6XwcnRI4P3Pf_1732203460vqyFwrnCnX.jpeg)  
With **HD visuals**, CoinFishing immerses players in an underwater world featuring over **20 small fish species**, **20 golden rare fish**, and more than **30 uniquely styled Boss fish**. Boss battles showcase intricate designs and special effects, presenting both challenges and opportunities for significant in-game rewards.  

### **Cryptocurrency Integration and Secure Transactions**  
CoinFishing supports global **cryptocurrency payments**, including stablecoins like **USDT**, ensuring secure, blockchain-backed transactions for deposits and withdrawals. Beginners can access **OTC links** via the official payment center, simplifying entry into the ecosystem.  

### **NFT Collectibles for Added Value**  
![NFT Collectibles](https://app.chainwire.org/storage/uploads/images/AD_4nXeflhiKUmfvfbylt2V5Woa59O6c_0YRZKJjyIUG7h2Tj7_1732203459VyOlRlDrFU.jpeg)  
Players can exchange in-game coins earned in CoinFishing for **NFT digital art collectibles**, available in various rarities. These collectibles can be traded on platforms like **NFTmania** or other **decentralized exchanges (DEXs)**, offering opportunities to manage, trade, or sell digital assets.  

### **Community Airdrop Program**  
![Airdrop Program](https://app.chainwire.org/storage/uploads/images/AD_4nXe5-VEcK7nT9lmhoGFwrGceD_I8Ky-f1iyi_JNomvmtfQ_1732203459BQ98xsiodz.jpeg)  
To celebrate its launch, CoinFishing will implement an **airdrop program** to reward community engagement. Factors such as **coin earnings**, **leaderboard performance**, and **platform activity** will determine eligibility. Interested players can join the official Telegram communities, “**CoinFish Club**” or “**Coinfish**,” for participation details.  

### **Launch and Platform Support**  
CoinFishing is slated for release in **early 2025**, supporting **PC**, **Android**, and **iOS** platforms. The game will feature **cross-platform data integration**, allowing for a seamless gaming experience across devices.  

### **About CoinFishing**  
CoinFishing is a Web3.0-enabled fishing game developed by **CryptoPlay**, integrating **dynamic gameplay** with **blockchain technology**. Designed for players of all skill levels, it introduces cryptocurrency integration, NFT digital collectibles, and immersive HD visuals, redefining the fishing game genre. With features like upgradable equipment, competitive multiplayer modes, and secure transactions, CoinFishing uniquely blends gaming with digital asset management.  

For more information, visit [cryptoplay.game](http://www.cryptoplay.game) or [coinfishing.cryptoplay.game](http://coinfishing.cryptoplay.game).

                     Singapore, Singapore, November 22nd, 2024, ChainwireCoinFishing, a new Web3.0 fishing game supporting cryptocurrency payments...

Dive into the Future: Explore CoinFishing, the Revolutionary Web3.0 Fishing Game with Crypto Payments!

The **global cryptocurrency market capitalization** experienced a significant boost, increasing by **$160 billion** on Wednesday to surpass the **$3.2 trillion** mark. This uptick marks the highest daily gains for the cryptocurrency sector since **November 11**.

### Altcoin Market Updates: Solana, XRP, and BNB Surge as Traders Anticipate Gensler’s Exit

The news of **Gary Gensler’s** departure from the **US SEC** on **January 20** has ignited bullish momentum across the crypto markets. Investors are gravitating towards assets that have historically underperformed due to litigation under Gensler's SEC regime, including **Solana**, **Ripple (XRP)**, and **Binance Coin (BNB)**.

- **Ripple (XRP)** surged **12.7%**, briefly exceeding the **$1.20** mark shortly after Gensler's exit confirmation.
- **Solana (SOL)** gained **10.30%**, reaching **$259.80**, just shy of its all-time high.
- **Binance Coin (BNB)** rebounded **5%**, recovering to the **$629** level.

### Chart of the Day: Bitcoin Whales’ Buying Streak Enters 12th Day

**Bitcoin** also saw a **5%** increase, reaching **$98,988** on Thursday, marking its **fourth consecutive day** of hitting new all-time highs. Despite Gensler's exit dominating headlines, on-chain data indicates that large investors are driving this rally.

![Bitcoin Price Action](https://editorial.fxstreet.com/miscelaneous/Screen%20Shot%202024-11-21%20at%2010.24.31%20PM-638678301186321867.png)

On **November 20**, Bitcoin whales acquired **25,740 BTC**, the highest single-day net inflow of the week. This accumulation has led to a total of **128,448 BTC** being acquired over the last **12 trading days**, effectively tightening market liquidity and contributing to Bitcoin's recent price surge.

### Crypto News Updates:
- **Charles Schwab** plans to offer crypto trading services, anticipating a positive shift in US regulatory stance.
- **MicroStrategy** is set to issue **$3 billion** in convertible notes to buy more Bitcoin, having already acquired over **$6 billion** in BTC this month.
- **Donald Trump’s media company** is looking to enter the crypto space with a trademark application for **“TruthFi,”** indicating plans for a cryptocurrency payment platform.

This surge in the crypto market highlights a significant shift, with altcoins gaining traction and Bitcoin continuing its upward trajectory as investors react positively to the changing regulatory landscape.

 News of Gary Gensler’s exit from the US SEC on January 20 has sparked bullish momentum across the crypto markets. 

Cboe Global Markets Set to Launch First Cash-Settled Bitcoin Options on December 2!

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Cboe Global Markets Announces Launch

What This Means for Investors

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