Bitcoin options worth $6.4 billion expired Friday at 8 a.m. UTC on Deribit, with a settlement price of $79,682. Approximately 81,700 contracts were cleared, with calls at the $80,000 strike expiring worthless. New Fed Chair Kevin Warsh delivered his first keynote Friday at the annual symposium, whose theme explicitly covers financial innovation, cryptocurrencies and stablecoins. Traders now assign roughly a one-in-three chance of a rate hike at the September 16 meeting. The next price anchor has already formed around the September 25 expiry, which holds 155,393 contracts, roughly 40% of all open Bitcoin options on Deribit.
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