Paradigm Session Recap - December 3, 2024
Spot is up, with BTC at $96,100 and ETH at $3,600 as of this writing. US government wallets moved $1.9 billion worth of seized Silk Road BTC. Reports suggest Paul Atkins, former SEC Commissioner (2002–2008), is a leading contender for SEC Chair. His pro-innovation stance would be a positive for the industry.
The term structure steepened slightly, with fronts down a notch. Flows were mixed, with calendars bought and sold. The 31 Jan 25 115k call was lifted at 60v. ETH flows were muted featuring some call selling.