Author: Michel Athayde, Bitget Wallet BD Ambassador Abstract In traditional financial markets, long-term purchase of deep out-of-the-money (OTM) Put options is often viewed as a classic "black swan insurance" strategy: continuously losing premium during normal times, only breaking even or profiting substantially when extreme risks materialize. The question is: does this logic still hold in the crypto market with higher volatility and more frequent crashes? The backtest results presented in this report are not straightforward. Based on historical data from 2018-01-01 to 2026-03-14, we conducted an analysis of...

The Bitcoin Policy Institute (BPI) plans to comment on the upcoming Federal Reserve's proposed banking capital rules, arguing that Bitcoin's 1250% risk weight is too high and does not reflect its actual risk characteristics, which will make it more difficult for banks to provide related services. The Federal Reserve is promoting the implementation of the Basel Accord, aimed at improving regulatory efficiency and maintaining financial stability.

ビットコインの価格は本日約2％下落し、今週初めに$73,000を超えた後、わずかに$68,000を下回って取引されました。すでに当サイトで取り上げた通り、この動きは依然として不安定な市場に新たな圧力を加えています。特に、より高い水準を維持しようとした複数の試みが失敗した後はなおさらです。 Still, not e

撰文：stein 编译：Block unicorn What is private credit? Private credit refers to debt financing provided by non-bank lending institutions, such as direct loans to mid-sized companies, real estate loans, trade finance, consumer loans, and structured credit. These loans are not issued or traded on public markets. Unlike public bonds, these loans are negotiated bilaterally, recorded privately, and are usually held by the originating fund until maturity. After 2008, as banks contracted their activities under new regulatory restrictions (Basel III), the private credit asset class grew rapidly. Investment funds, private equity firms, and specialized financial companies entered the market to fill the lending gap. By 2020, the global private credit market size had grown to approximately 2 trillion dollars. By early 2025, the market size had reached 3