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Telegram wallet adds 50x perpetuals across metals, stocks, oil, crypto

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Telegram blocks 7.46m channels as Russia mulls April 1 ban

Wallet in Telegram now offers 50x perpetual futures on metals, stocks, oil, and crypto via Lighter’s hybrid stack, collapsing messaging, custody, and high-risk derivatives into one mini-app.

Telegram’s embedded crypto service Wallet in Telegram has introduced perpetual contract trading inside the messaging app’s encrypted interface, according to an announcement from the official wallet_tg account on X. The feature, built with technical support from Lighter, lets users trade contracts on more than 50 underlying markets, including metals, stocks, oil, and major cryptocurrencies, with maximum leverage of up to 50x.

The wallet team said the new perpetual contracts extend Wallet in Telegram from simple transfers and swaps into a full derivatives venue integrated with chat. Earlier upgrades already added multi-asset trading and yield products, with one crypto.news story detailing how the wallet brought multi-asset trading and yield support to Telegram as it moved toward a Web3 “super app” model.

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Perpetuals inside the Telegram wallet are powered by Lighter, a derivatives exchange that combines off-chain order execution with on-chain settlement on Ethereum. Lighter describes its platform as a perpetual futures venue with non-custodial smart contracts and zk-based verification, and a recent crypto.news story noted its expansion into 24/5 equity perpetuals as part of a broader derivatives push.

That hybrid approach is designed to give traders centralized-exchange style speed while keeping collateral and liquidations verifiable on-chain. As perps on Lighter have broadened from crypto into stock-linked contracts and commodities, plugging the stack into Wallet in Telegram effectively drops that multi-asset derivatives engine into an existing chat and wallet experience.

Perpetual futures have become one of crypto’s dominant derivatives, with major platforms and wallets competing on fee tiers, supported markets, and headline leverage. A crypto.news opinion story argued that perps now anchor crypto market structure by concentrating liquidity and price discovery in contracts without expiry, while another story on crypto futures trading stressed that funding rates, liquidation thresholds, and position sizing make risk management critical for retail users. A separate crypto.news story on U.S. oversight of crypto perpetuals highlighted how regulators, including the CFTC, are reassessing frameworks as leveraged products spread beyond specialist exchanges into interfaces like Wallet in Telegram.

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By embedding up to 50x perpetuals inside Wallet in Telegram, the project is collapsing the distance between messaging, custody, and high-risk derivatives for a vast audience, increasing both the appeal of one-tap trading and the potential for misuse if users underestimate the risks of highly leveraged positions.

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Polymarket rolls out stock and commodity contracts with Pyth price feeds

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Polymarket rolls out stock and commodity contracts with Pyth price feeds

Polymarket has partnered with oracle provider Pyth Network to launch traditional asset markets on its platform.

Summary

  • Polymarket partnered with Pyth Network to introduce equity, commodity, and stock-linked contracts.
  • The new markets include daily up or down and closing price contracts that reset at the end of each trading session.
  • Pyth Network is providing real-time price feeds from trading firms and market makers to serve as the resolution layer for the new contracts.

According to an Apr. 2 announcement, the latest addition brings daily up-or-down and closing price contracts for major equity indexes, alongside commodities such as gold and oil, and US-listed stocks. Outcomes on these contracts are determined using Pyth’s real-time price feeds, and the markets reset at the end of each trading session.

Pyth Network will act as the resolution layer for these markets, replacing manual or exchange-specific references with a standardized data source aggregated from trading firms and market makers.

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Simultaneously, Pyth has launched a data interface called Pyth Terminal, allowing users to track live price feeds and the reference values used to settle markets on Polymarket.

Oracle networks like Pyth bring off-chain data such as prices, foreign exchange rates, and commodities onto blockchains. These feeds are widely used across decentralized finance, prediction markets, and tokenized asset platforms, and have seen growing adoption, including by US government agencies.

PYTH price rallied over 70% after the announcement, while its market capitalization moved past $1 billion.

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The latest products on Polymarket were launched as the platform continues to cement its position as a leading prediction market operator.

Last month, the project secured a $600 million investment from Intercontinental Exchange, the parent company of the New York Stock Exchange, as part of a broader multibillion-dollar commitment.

Meanwhile, Polymarket made investments of its own by acquiring DeFi infrastructure startup Brahma for an undisclosed sum.

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Whale Turns Bearish Ahead of $2 Billion Bitcoin and Ethereum Options Expiry

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A whale accumulated more than 2,000 Bitcoin (BTC) put contracts overnight, targeting a move below $66,000, just as over $2.15 billion in Bitcoin and Ethereum (ETH) options settle on Deribit today, April 3.

The back-to-back repositioning signals that at least one large player sees downside risk in BTC’s current price range, even as call open interest still outnumbers puts across both assets.

Why the Whale Trade Matters

Options analytics platform Greeks.live flagged the position shift on April 2, noting the same whale had closed a profitable long trade hours earlier before pivoting bearish.

Per the analysts, the whale entered a long position at $66,000 and exited above $68,000, booking a confirmed profit.

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Within hours, a trader of comparable size began accumulating put contracts, this time betting on a move lower.

The rapid reversal is notable. A whale exiting a winning trade and immediately loading the opposite direction suggests a view that the $66,000–$68,000 zone is a resistance ceiling, not a launchpad.

Bitcoin Price Performance
Bitcoin Price Performance. Source: TradingView

With BTC trading at $66,575 and its max pain level set at $68,000, the spot price sits $1,425 below the level where options sellers profit most. If BTC fails to close that gap before settlement at 08:00 UTC, the bearish whale’s puts gain value.

The Expiry Data

Bitcoin accounts for $1.84 billion of today’s total notional value, with 27,590 contracts outstanding. Call open interest stands at 17,930 against 9,600 puts, giving a put-to-call ratio of 0.54.

Bitcoin Expiring Options
Bitcoin Expiring Options. Source: Deribit

The call skew still leans bullish in aggregate, but the whale’s 2,000-contract put position adds concentrated downside weight near the $66,000 strike.

Ethereum’s expiry is smaller but similarly structured. With $319.9 million in notional value and 156,083 total contracts, ETH trades at $2,052 against a max pain level of $2,075. Its put-to-call ratio of 0.72 points to heavier downside hedging than BTC’s.

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Ethereum Expiring Options. Source: Deribit

“Yesterday, the whale closed out the two positions on the right side… The whale entered the position at 66K and closed it out above 68K — this trade was a resounding success. Starting late last night, a whale of similar size began buying put options again, with over 2,000 contracts expiring today, targeting a price below 66K,” the analysts stated.

What Comes Next

Options settle at 08:00 UTC on Deribit. The hours leading up to that window typically generate the sharpest gamma hedging activity, pulling prices toward max pain.

For BTC, that means a potential drift toward $68,000 if bulls hold ground, or a break below $66,000 if the whale’s put bet plays out.

The post Whale Turns Bearish Ahead of $2 Billion Bitcoin and Ethereum Options Expiry appeared first on BeInCrypto.

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Bitcoin Supply in Profit and Loss Closer to 2022 Bear Market Levels

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Bitcoin Supply in Profit and Loss Closer to 2022 Bear Market Levels

The amount of Bitcoin supply in profit and loss is now getting closer to levels typical of a bear market, according to a CryptoQuant analyst.

There are currently about 11.2 million Bitcoin (BTC) in profit. The previous bear market recorded 9 million BTC in profit at its lowest point, CryptoQuant analyst “Darkfost” said Thursday. 

CryptoQuant data also shows there are about 8.2 million Bitcoin at a loss, with Glassnode data confirming it’s at levels not seen since late 2022. 

“This is quite significant, considering that during the last bear market this figure reached about 10.6 million BTC,” Darkfost said. 

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Analysts have been debating whether Bitcoin has further to fall this year amid growing global turmoil. Bitcoin metrics that show a movement toward previous cycle lows could suggest that a market bottom is getting closer. 

“This suggests that the market is reaching a notable level of undervaluation, comparable to the conditions observed during the previous bear market,” the analyst added. 

Bitcoin in profit and loss at bear market lows. Source: CryptoQuant 

Analyst sees increasing market stress, not undervaluation 

However, Andri Fauzan Adziima, research lead at the Bitrue exchange, argued the data signals “increasing market stress, not immediate undervaluation.”

True capitulation bottoms saw deeper pain, he told Cointelegraph. The supply in loss in 2022 was greater than 50% and the supply in profit was around 45% or lower, while metrics such as net unrealized profit/loss (NUPL) and market value to realized value ratio (MVRV) were at “extremes.”

“Current data points to early/mid-bear transition (potential structural bottom near $55,000), with more downside or consolidation likely before a full reset.”

Related: Bitcoin’s drawdown is ‘less dramatic’ this cycle, Fidelity says

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Data also shows Bitcoin has declined by about 52% from its all-time high this cycle, much less than previous bear markets, which saw 77% to 84% drawdowns from their cycle highs. 

Strong dollar hampering recovery 

Bitcoin author Timothy Peterson commented on X that Bitcoin “tends to struggle when the dollar is strong, and the Chinese yuan is weak.”

He added that this was due to tighter global liquidity, with higher dollar yields attracting capital into cash and bonds and cautious investor sentiment as China eases policy.

That only changes when US interest rates fall and “dollar yield loses its attractiveness,” which is not likely until the second half of 2026 or more likely 2027, he said. 

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The US dollar index (DXY) has gained about 5% over the past two months, according to TradingView. 

DXY has strengthened since late January. Source: TradingView

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