The crypto market is buzzing with action as **Ether (ETH)** outpaces Bitcoin (BTC) in volatility expectations, signaling a potential **altcoin season**. According to **Deribit data**, ETH’s implied volatility (ETH DVOL) surged **11%** this week, while BTC’s remained flat. The widening spread suggests traders are betting on **bigger moves in ETH and altcoins** like **PEPE**, which has been gaining traction.
Key Market Trends:
- $ETH Turns Deflationary: The **Pectra upgrade** has boosted on-chain activity, burning over **38,000 ETH** in 24 hours. Traders are snapping up **high-strike ETH calls**, anticipating further gains.
- Altcoin Season Ahead? Bitcoin’s **dominance rate** may be peaking after a five-month uptrend, opening doors for **altcoins like PEPE, SOL, and others**.
- Institutional Moves:Coinbase ust announced a $2.9B deal to acquire Deribit, the largest crypto options exchange, in a major industry consolidation.
Latest News:
- Steak ‘n Shake will start accepting **Bitcoin payments** at all U.S. locations from **May 16**.
-T-Rex**, a Web3 gaming platform, raised $17M in pre-seed funding from top crypto VCs.
What to Watch:
- ETH Price Action: Will deflationary pressure and rising volatility push ETH to new highs?
- Altcoin Surge: PEPE and other meme coins could see explosive moves if BTC dominance drops further.
- Deribit Deal Impact: How will Coinbase’s acquisition reshape crypto derivatives trading?
Stay tuned to Binance for real-time updates and trading opportunities!
