Elon Musk, known for his candid social media presence, recently reacted to the arrest of Telegram founder Pavel Durov with concern and criticism. Musk, a staunch advocate for free speech and digital privacy, expressed his dismay at the news, highlighting the growing threats to internet freedom and the rights of individuals to communicate securely. He emphasized the importance of platforms like Telegram in resisting censorship and ensuring that voices around the world can be heard without fear of government retribution.
Musk’s reaction also pointed to the broader implications of Durov’s arrest for the tech industry and global users. He warned that this could set a dangerous precedent, where innovators and leaders of secure communication platforms are targeted for their commitment to privacy. This, he suggested, could have a chilling effect on the development of technology that challenges state surveillance and censorship.
His response aligns with his consistent advocacy for protecting freedom of expression and highlights the ongoing global struggle between governments seeking control and tech leaders defending digital rights. Musk’s support for Durov underscores the tech community’s broader concerns about maintaining the integrity of secure communication in an increasingly monitored world.#Durov #MuskMemeMagic #TelegramScams

𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐚𝐧𝐝 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐞𝐱𝐩𝐢𝐫𝐢𝐧𝐠: 𝐚 $𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐞𝐚𝐫𝐭𝐡𝐪𝐮𝐚𝐤𝐞 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐡𝐚𝐤𝐞 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭
The crypto market is bracing for potential volatility as Bitcoin and Ethereum options with a notional value of $2.06 billion are set to expire on Friday. This massive expiration could cause fluctuations in BTC and Ether prices.
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐚𝐧𝐝 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 𝐒𝐮𝐫𝐠𝐞 𝐨𝐟 $𝟐 𝐁𝐢𝐥𝐥𝐢𝐨𝐧$BTC
The crypto traders are in a stir as a true wave of Bitcoin and Ethereum options worth over $2 billion are set to expire today.
According to data, approximately 20,276 Bitcoin options contracts representing $1.35 billion, with a very high maximum strike price of $68,500, are set to expire.
Simultaneously, no less than 201,647 Ethereum contracts worth $709.76 million, with a maximum strike price of $3,600, are also due to expire in a timing that is not coincidental.
The put/call ratios, indicators measuring the balance between outstanding buy and sell options, are at 0.49 for Bitcoin and 0.36 for Ethereum. These levels below 1 suggest a predominance of long positions over short positions, a potentially bullish signal to watch closely.
However, savvy investors will remain vigilant, as such massive options expirations generally translate into bouts of market volatility, at least in the short term. 𝐄𝐱𝐩𝐞𝐫𝐭𝐬’ 𝐕𝐢𝐞𝐰𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐌𝐚𝐣𝐨𝐫 𝐄𝐯𝐞𝐧𝐭
Adam, a macro researcher at Greeks.Live, an options trading tool, shared his insightful analysis on the upcoming expiration. According to him, although the week is crucial for macroeconomics, the crypto market has recently experienced disappointing performances, with mainstream coins and altcoins dropping significantly.
Adam suggested that traders prepare for the potential approval of an Ethereum Spot ETF by the end of the month, by planning in advance to buy options for the next month.
Bitcoin and Ethereum experienced price drops before this major expiration. BTC, which was trading at $71,643 on June 7, briefly fell to $66,254 on June 11 before rebounding to $69,945 on June 12.