Breonna Taylor case: Dispute arises over grand jury secrecy

A Kentucky judge has heard oral arguments in a lawsuit by a grand juror seeking to speak publicly about Breonna Taylor’s shooting death

LOUISVILLE, Ky — A lawyer for a grand juror involved in weighing charges in the case of Breonna Taylor, the Black woman killed in a police raid gone wrong, urged a judge to let the anonymous juror to speak out publicly, accusing Kentucky’s attorney general of throwing the panel “under the bus” in his public comments.

Kevin Glogower, the lawyer for the anonymous grand juror who sued to speak out publicly, told Jefferson County Circuit Judge Annie O’Connell on Thursday that the goal was not to publicize evidence that hasn’t become public or “to be part of a global discussion in race relations.”

“It’s more about the discussions that were held directly with the prosecutors,” Glogower said. “That is not contained in the recording.”

Glogower warned that future grand jurors wouldn’t want to serve if the prosecutor can “throw them under the bus, as happened here.” He did not elaborate.

The dispute over grand jury secrecy arose Wednesday, the same day police files were released showing contacts between Taylor and a man she dated previously who was suspected of drug dealing. The release of those files raised new questions about what led narcotics investigators to raid Taylor’s home in March, resulting in the woman’s death in a burst of police gunfire. None of the white officers was directly charged with Taylor’s death by the grand jury last month, triggering renewed street protests.

Kentucky Attorney General Daniel Cameron filed a motion Wednesday asking the judge to dismiss the request by the grand juror. He said in a statement that grand jury proceedings are kept confidential by legal precedent to protect the safety and anonymity of all involved — grand jurors, witnesses and others.

Cameron had previously said he had no concerns with grand jurors speaking publicly, and he agreed to the release of audiotapes of testimony presented to the grand jury last week. But those recordings did not include any discussion of potential criminal action on the part of the officers who shot Taylor.

Ben Crump, a lawyer for Taylor’s family, issued a statement late Thursday in which he called Cameron’s motion a “slap in the face” and “yet another attempt to conceal the corruption of his office.”

“If he has nothing to hide, and he did everything right as he claims, then he should have no problem letting the grand jurors speak to the public,” Crump said. “They deserve to have that voice, and Breonna’s family deserves answers.”

Victor Maddox, an attorney who represented the state in court proceedings, warned “nothing would undermine the public interest more than for this Court to throw out the entire body of law of grand jury secrecy” by allowing the anonymous juror to speak out.

As the 90-minute oral arguments continued, Glogower repeated that his client wishes to remain anonymous and hoped “there could be a way that maybe everybody is a little bit more happy with how it gets handled.” He asked for permission for the juror to release an anonymous written statement that “takes care of some of the concerns the attorney general’s office has.”

The grand juror’s lawsuit accuses Cameron of “using the grand jury to deflect accountability and responsibility for (the indictment) decisions,” and seeks permission to speak out publicly about the case. Under Kentucky law, grand jurors can be held in contempt of court for discussing a case.

Cameron determined before the grand jury proceedings that the officers had acted in self-defense. He has acknowledged that he did not recommend murder charges to the grand jury.

This is not the first time a grand juror has sued for the right to speak publicly. In August, a federal court ruled against a grand juror who was seeking to discuss details of the investigation into the 2014 fatal police shooting of Michael Brown in Ferguson, Missouri.

At the conclusion of the hearing, Judge Annie O’Connell vowed to rule on the case “as soon as possible.”

Source

Soul to Premiere on Disney Plus, Skipping Theatrical Release

Disney announced that upcoming Pixar film Soul will skip its theatrical release and head straight to Disney+ this holiday season. It will debut exclusively on the streaming service December 25th, 2020.Originally scheduled to open in theaters on November 20th, it was heavily rumored that Soul would move to Disney+ after Disney’s upcoming movie release schedule was delayed again.

Every Upcoming Disney and Pixar Animated Movie

This is the third major Disney film to forego theaters in lieu of Disney+ after Artemis Fowl joined the service on June 12th and Mulan debuted on September 3rd, albeit with a premium fee required to watch the latter.

It’s unclear if Soul will be included at no additional cost to Disney+ subscribers, or if it will require paying the premium rental fee for a limited time – we’re guessing the former, given that there was no additional cost announced in Disney’s press release.

For markets where Disney+ isn’t available, Soul will still be released theatrically with new release dates being announced soon.

Soul is Pixar’s latest animated film starring Jamie Foxx, Tina Fey, Phylicia Rashad, Ahmir ‘Questlove’ Thompson, Angela Bassett, and Daveed Diggs. It is directed by Pete Docter, who also directed Pixar’s Inside Out and Up — so get ready to cry.

For more on Disney check out when you’ll be able to watch Mulan for free and all of the upcoming Disney and Pixar films coming out in 2020 and beyond.

Matthew Adler is a Features, News, Previews, and Review writer for IGN. You can follow him on Twitter @MatthewAdler and watch him stream on Twitch.Source

Attorneys: Extraditing teen would ‘turn him over to mob’

Defense attorneys say sending a 17-year-old accused of killing two protesters days after Jacob Blake was shot by police in Kenosha, Wisconsin to stand trial in Wisconsin would “turn him over to the mob.”

Kyle Rittenhouse was arrested at his home in Antioch, Illinois, a day after prosecutors say he shot and killed two protesters and injured a third on the streets of Kenosha on Aug. 25. He has been held in Illinois since then after his attorneys indicated late last month that they planned to fight his extradition to Wisconsin.

Attorneys for Rittenhouse argued in the document filed in Lake County Court late on Thursday that he was acting in self-defense and sending him to Wisconsin authorities would violate his constitutional rights. They also argue that Wisconsin prosecutors and Illinois authorities didn’t follow legal technicalities required for extradition.

A Kenosha County prosecutor didn’t immediately respond to an email after hours about the extradition paperwork.

Extradition is typically a straightforward process, and legal experts have expressed doubt that Rittenhouse’s attorneys could successfully prevent a court from sending him to Wisconsin to face charges there.

The document echoes attorneys’ previous portrayal of Rittenhouse as a courageous patriot who was exercising his right to bear arms during unrest over the shooting of Blake, who is Black.

Extraditing Rittenhouse, they claim, “would be to turn him over to the mob.”

“The premature and unsupported charges are contributing to unwarranted public condemnation,” attorneys wrote. “Rittenhouse has been publicly branded a ‘mass murderer,’ a ‘terrorist,’ a ‘racist,’ and more.”

Rittenhouse is due back in court Friday, but a Lake County, Illinois judge is not expected to immediately make a decision on the extradition issue. Judge Paul Novak said at Rittenhouse’s last hearing in late September that he would schedule a hearing on the issue once Rittenhouse’s attorneys laid out their arguments in writing.

The killings happened amid protests on Kenosha’s streets two days after a white police officer shot Blake seven times in the back, leaving him paralyzed from the waist down and sparking outrage after video of the shooting was posted online. A Wisconsin Department of Justice investigation into that shooting is ongoing. The three responding officers are on administrative leave.

According to prosecutors and court documents, Rittenhouse shot and killed 36-year-old Joseph Rosenbaum, of Kenosha, after Rosenbaum threw a plastic bag at Rittenhouse, missing him, and tried to wrestle his rifle away.

While trying to get away in the immediate aftermath, Rittenhouse was captured on cellphone video saying, “I just killed somebody.” According to the complaint filed by prosecutors, someone in the crowd said, “Beat him up!” and another yelled, “Get him! Get that dude!”

Video shows that Rittenhouse tripped in the street. As he was on the ground, 26-year-old Anthony Huber, of Silver Lake, hit him with a skateboard and tried to take his rifle away. Rittenhouse opened fire, killing Huber and wounding Gaige Grosskreutz, of West Allis, who was holding a handgun.

Rittenhouse’s extradition would not be an issue if he had been arrested in Kenosha the night of the shootings. Cellphone video that captured some of the action shows that right after the shootings, Rittenhouse walked slowly toward a police vehicle with his hands up, only to be waved through by police.

He returned to his Illinois home and turned himself in soon after. Police later blamed the chaotic conditions for why they didn’t arrest Rittenhouse at the scene.

Source

Pregnant Kansas City woman arrested by police attends rally

A pregnant woman whose arrest by Kansas City police ignited an occupation of city hall grounds cried and could not speak at a rally with supporters

KANSAS CITY, Mo. — A nine-months-pregnant Black woman whose arrest by a Kansas City police officer sparked outrage and an occupation of City Hall grounds was so overcome with emotion Thursday that she was unable to address a rally to demand police reform.

Deja Stallings ended up on the ground with an officer’s knee in her back during the Sept. 30 arrest that was captured on video. Civil rights organizations and others have camped out at City Hall since and have vowed not to leave until the officers involved and Police Chief Rick Smith are fired.

The protesters also want the city to redirect 50% of the police department’s budget to social services supporting the Black community.

On Thursday, Stallings struggled to walk from the car to the steps of City Hall, where she was expected to address the crowd. When her time to speak arrived, she managed to get out only a few words before she started to cry and had to sit down.

Stallings lawyer, Stacy Shaw, read her statement, in which she described the physical pain and a bruise that endures on her back a week after the arrest.

“I cry every day because I am scared for my baby,” she said. “My baby girl has not even been born yet and she is a victim of police brutality. I am trying to stay strong but I know my baby is a fighter. She needs to be the last child who is a victim of the KCPD. She needs the demands of this occupation to be met.”

Shaw said doctors have checked the unborn baby, named Dsyre, and she appears to be healthy.

Stallings was issued a municipal citation for hindering arrest after police said she interfered when they tried to arrest a man, and that she was put on the ground to be handcuffed because she resisted arrest.

Jackson County Prosecuting Attorney Jean Peters-Baker is reviewing the arrest.

Police said in a statement Thursday that the officers involved remain on duty.

“We are reviewing the incident as well,” spokesman Sgt. Jacob Becchina said, adding that police are cooperating with the prosecutors’ investigation.

Civil rights groups have said for months that Smith should resign or be fired because his department is plagued by racism and does not investigate or respond to unnecessary force or fatal shootings of Black people by officers.

Smith has said repeatedly that he does not intend to resign but otherwise has made no statement since the arrest. Mayor Quinton Lucas has said he does not believe it is feasible to reduce the police budget by 50%.

Shaw said the protesters are not swayed.

“We have stated that we will occupy the seat of government, right here on this lawn, until our demands are met or we are forcibly and violently removed from the property,” Shaw said.

“And if we are violently removed, we’ll be back the next day,” she said.

City Councilmen Brandon Ellington and Eric Bunch spoke in support of police reform and vowed to help the protesters achieve their goals.

Bunch said he would push the council to take the necessary action to “completely re-imagine what public safety means.”

He said the police department’s $272 million budget this year is more than the combined budgets of several other departments, including parks, health, neighborhood services, indigent medical care and housing and homeless services. He noted that as the city continues to steer more money to police, violent crime and homicides keep increasing.

“We literally do not have the money to support the vital health care and quality of life issues precisely because we have resigned ourselves to a reality in which law enforcement is the only tool to address these complex issues,” he said.

Source

UN Security Council Back Home in Own Chamber After 7 Months

The U.N. Security Council has met in its chamber at U.N. headquarters in New York for the first time since the COVID-19 pandemic hit the city in March

UNITED NATIONS — The U.N. Security Council met in its chamber at U.N. headquarters in New York for the first time since the COVID-19 pandemic hit New York in March on Thursday, and despite wearing masks and being separated by plexiglass dividers, U.S. Ambassador Kelly Craft said “It was so great to be home.”

“We’re all practicing our social distancing — but we’re just so happy to be together,” she said as she left the council meeting on Mali’s transition after a recent coup. “Fantastic!”

Germany’s U.N. Ambassador Christoph Heusgen, who started lobbying for the U.N.’s most powerful body to resume in-person meetings in its chamber when his country held the council presidency in July, agreed. “The Security Council is coming home, and it was wonderful to be there,” he said.

Like most businesses and organizations, the council was forced to meet virtually because of the pandemic, but the heart of diplomacy is face-to-face contact and interaction, and as the months rolled by pressure grew to resume in-person meetings.

Heusgen succeeded in getting council members to meet in the much larger chamber for the Economic and Social Council on several occasions in July, and that practice has continued several times in the succeeding months, despite the majority of U.N. staff members still working from home.

But as France’s U.N. Ambassador Nicolas De Riviere said Thursday, the larger ECOSOC chamber is for its 54 members, and the smaller Security Council chamber is for its 15 members.

It was “really good” to be back in the council’s own familiar surroundings, he said, and with masks, plexiglass, and only two diplomats allowed from each country, “we’ll do that a couple of times each week.”

“The council is back at work,” echoed South Africa’s U.N. Ambassador Jerry Matjila. “It was fantastic.”

Russia’s U.N. Ambassador Vassily Nebenzia, the current council president who strongly supported Germany’s push for a return to the council chamber, told reporters as he left Thursday’s meeting: “I think everybody was happy to come back home, finally.”

“It was a long road,” he said. “Seven months it took us, and finally we are back, and that’s a good message as well. All members of the council were saying ECOSOC is fine, but still, the image passed in the Security Council itself is a very important message.”

During Thursday’s meeting on Mali some ambassadors took their masks off when they spoke and others left them on.

“I think we are pretty safe with and without masks,” Nebenzia said. “It’s not the distance that is the crucial thing, it’s not even the partitions, it’s that you are confident that you are not infected. … And I encouraged my colleagues to test as often as we can so that they reassure themselves and they reassure the rest of the council.”

At U.N. headquarters, and in much of the diplomatic world before COVID-19, diplomats would shake hands with their male colleagues and kiss their female colleagues on each cheek, sometimes twice or three times. The pandemic ended that, but Nebenzia joked that he hasn’t totally given up.

“If you are not infected … we can kiss all right and nothing happens,” he told several female reporters. “OK? I’m always ready!”

Source

The Market Reacts to Square’s $50M Bitcoin Buy

Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin.

A special breaking edition of The Breakdown follows the market’s reaction to Square’s surprise $50 million bitcoin investment. 

NLW breaks down the foundations for the investment, including:

He also discusses the market’s reaction, from the (potential) connection to Coinbase’s “apolitical” stance from last week to the notion of Square intentionally setting a framework others can follow. 

The DOJ’s ‘Crypto Enforcement Framework’ Argues Against Privacy Tools and for International Regulation

U.S. Attorney General William Barr’s Department of Justice (DOJ) believes cryptocurrencies pose an emerging challenge to law enforcement activities, according to a new publication filed Thursday.

The DOJ’s “Cryptocurrency: An Enforcement Framework” document, published by the Attorney General’s Cyber-Digital Task Force, outlines what cryptocurrencies are and their potential use cases, including sections on both legitimate and illicit uses (though the “legitimate uses” section was shorter and more skeptical). Crypto has been used to support terrorism, purchase illicit items, conduct blackmail and extortion, cryptojacking and launder funds, according to the document, and the DOJ has spent the last two years determining how best to address these issues.

“Those efforts are paying off,” wrote Sujit Raman, the task force’s chair, referencing recent cases against would-be token issuer Telegram; child-exploitation ring Welcome to Video; sanctions designations and other efforts. And while the report was published by the DOJ, it encompasses efforts by all parts of the federal government, including civil regulatory agencies.

In a statement, Attorney General William Barr said, “Cryptocurrency is a technology that could fundamentally transform how human beings interact, and how we organize society.  Ensuring that use of this technology is safe, and does not imperil our public safety or our national security, is vitally important to America and its allies.”

The report itself is split into three sections: an overview of the cryptocurrency space and its current illicit uses; the laws and regulatory agencies that oversee the space; and the current challenges and potential strategies to address them. 

The report warns that cryptocurrencies are more difficult for investigators to learn about than previous tools for executing crimes, citing pump-and-dump schemes as one example. 

Cryptocurrency is a technology that could fundamentally transform how human beings interact, and how we organize society. Ensuring that use of this technology is safe, and does not imperil our public safety or our national security, is vitally important to America and its allies.

Investigators must learn to use “specialized communications applications,” the report said. Further, the markets being used evolve rapidly, with the report pointing to how the initial coin offering boom has given way to decentralized finance markets. The fact that blockchains are borderless, allowing anyone from any part of the world to interact with the markets, “adds a further layer of complexity.”

“Finally, decentralized platforms, peer-to-peer exchangers, and anonymity-enhanced cryptocurrencies that use non-public or private blockchains all can further obscure financial transactions from legitimate scrutiny,” the report said.

In short

Much of the first section of the report simply provides an overview of cryptocurrencies, blockchain and distributed ledgers more broadly and how they’ve been used over the past few years.

The report distinguishes between virtual currencies, which are a “digital representation of value,” and cryptocurrencies, which it describes as being in a subset of virtual currencies that are decentralized and based on blockchains. 

It goes on to explain addresses, wallets, miners and other aspects, noting that while some transactions are private and easy to query on the blockchain, some cryptocurrencies emphasize privacy (the DOJ does not appear to be a fan of these currencies).

“As discussed in Part I, a wide range of criminal activity may involve or be facilitated by the use of cryptocurrency. On numerous occasions, the Department of Justice has used available legal tools to pursue successful prosecutions of such activity,” the report said in the opening to its second section.

Read more: The DOJ Wants to Hire a Crypto Crime Attorney Adviser

It summarizes the U.S. government’s actions over the past few years. In addition to criminal cases brought by the DOJ, civil cases brought by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) were highlighted, such as the SEC’s case against Telegram, which raised $1.7 billion in an initial coin offering but ultimately had to refund investors.

Agencies with oversight or enforcement power in the space include the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), the Office of the Comptroller of the Currency (OCC), the SEC, the CFTC and the Internal Revenue Service (IRS). The Financial Action Task Force (FATF), an intergovernmental organization that provides standards and recommendations for international money laundering rules, also received a mention.

Enforcement

It is the third section, “Ongoing Challenges and Future Strategies,” however, the DOJ noted that some exchanges and entities play “jurisdictional arbitrage,” looking for the friendliest jurisdiction in which to operate. This can harm law enforcement agencies’ efforts to “investigate, prosecute and prevent criminal activity” that involves virtual assets, the report claimed.

“In the United States, AML/CFT standards have been in place for [money services businesses, or MSB] engaged in virtual asset activities since 2011, and yet many [virtual asset service providers, or VASP] still are operating in ways that do not comply with the [Bank Secrecy Act, or BSA] and other regulatory requirements,” the report said, referring to anti-money laundering/combating the financing of terrorism standards. 

This concern is exacerbated with companies that operate across different countries. A VASP might apply a different standard within the U.S. than it does outside it, or use different standards for crypto-to-fiat transactions compared to crypto-to-crypto transactions, the report claimed.

“Such behaviors are flatly inconsistent with VASPs’ BSA obligations and can create significant financial intelligence gaps,” it said.

Read more: US Antitrust Chief Says Protecting Blockchain From Competitive Abuses Is Top Priority

The DOJ report also took particular aim at privacy coins, mixers, tumblers and other tools that are intended to conceal aspects of transactions.

Any website that offers mixing or tumbling services is “engaged in money transmission,” meaning it is subject to the Bank Secrecy Act. Websites that don’t follow the BSA or similar international regulations might face criminal prosecution, the report said. 

As part of this section, the DOJ maintained its right and ability to prosecute violations conducted by entities based outside the U.S. should those entities still involve U.S. persons or services.

“The Department also has robust authority to prosecute VASPs and other entities and individuals that violate U.S. law even when they are not located inside the United States,” the report said. “Where virtual asset transactions touch financial, data storage, or other computer systems within the United States, the Department generally has jurisdiction to prosecute the actors who direct or conduct those transactions.”

While the DOJ most recently filed charges against BitMEX, it has in the past also gone after other non-U.S. based entities, such as 1broker.

‘Response strategies’

The report similarly had an emphasis on national security concerns created by cryptocurrencies in its conclusion, saying rogue states and terrorists could take advantage of decentralized assets to undermine financial markets, avoid sanctions and fund harmful activities.

“As the use of cryptocurrency evolves and expands, so too will opportunities to commit crime and to do harm by exploiting cryptocurrency technology,” the report said. “Ultimately, illicit uses of cryptocurrency threaten not just public safety, but national security, as well … Current terrorist use of cryptocurrency may represent the first raindrops of an oncoming storm of expanded use that could challenge the ability of the United States and its allies to disrupt financial resources that would enable terrorist organizations to more successfully execute their deadly missions or to expand their influence.”

Current terrorist use of cryptocurrency may represent the first raindrops of an oncoming storm of expanded use that could challenge the ability of the United States and its allies to disrupt financial resources that would enable terrorist organizations to more successfully execute their deadly missions or to expand their influence.

A large part of the DOJ’s future efforts will depend on education around the cryptocurrency space, bringing regulators and government officials fully up to speed as the space evolves.

The report stressed that private stakeholders in the industry must work with regulators and elected officials.

Federal authorities must also work with state officials, the report said, to ensure “de-confliction” while conducting investigations.

“Indeed, for cryptocurrency to realize its truly transformative potential, it is imperative that these risks be addressed,” the report concluded.

Disclosure

Market Wrap: Bitcoin Surges on Square News to $10.9K; December Ether Options Pile Up

Bitcoin is flashing green as Square converts some of its cash to crypto while ether options traders are making lots of bets for December expiration.

  • Bitcoin (BTC) trading around $10,890 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $10,532-$10,962
  • BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.

btcoct8

Bitcoin trading on Coinbase since Oct. 6.
Source: TradingView

Bitcoin’s price popped Thursday, led higher almost immediately following the announcement that payments firm Square had invested $50 million to purchase 4,709 BTC. The development pushed the price per 1 BTC to as high as $10,962 before settling to $10,890 as of press time. 

Read More: Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment

“News that Jack Dorsey’s Square has purchased about $50 million worth of bitcoin is a definite positive that appears to have driven markets higher on the back of positive sentiment,” said Guy Hirsch, USA managing director of multi-asset brokerage eToro. “Dorsey has long been an advocate of the largest cryptocurrency, and this move reaffirms his bullish stance, and Square’s.” The stock price of Square (NYSE: SQ) also rose Thursday, in the green 1.8% at the close of trading today.

“Seeing traditional institutional firms such as Square invest into bitcoin to hold on their balance sheet after a publicly traded company such as MicroStrategy purchased $250 million worth of bitcoin as a ‘hedge against inflation’ brings significant credibility to bitcoin,” said Michael Gord, chief executive of trading firm Global Digital Assets. “The CEO of MicroStrategy even went so far as to call bitcoin superior to cash”. 

If indeed these investments are a bet against fiat, the U.S. Dollar Index (DXY), a measure of the greenback versus a mix of other currencies, is one metric to watch. Though it has picked up since a late-August low, it’s still in the relative doldrums for 2020 and was flat, in the red 0.02% as of press time Thursday.

dxyin2020

The U.S. Dollar Index (DXY) in 2020.
Source: TradingView

The positive market sentiment has certainly translated into higher-than-average bitcoin daily spot volume. Major exchanges already have $332 million in volume so far Thursday, higher than the $284 daily average in the past month.

skew_btc_spot__aggregated_daily_volumes-47

Bitcoin spot volumes the past month.

While bitcoin volume is up Thursday, volatility remains low. In the options market, six-month at-the-money (ATM) volatility, the difference between option strikes to the price of bitcoin, is at 65%. The last time it was that low was back on July 31.

skew_btc_atm_implied_volatility-9

Bitcoin six-month at-the-money (ATM) volatility the past year.
Source: Skew

“The buy pressure from institutional investors is increasing, so we are seeing a nice ramp up,” said Marc Fleury, CEO of Two Prime, a crypto asset management firm. “We seem to be entering an era of a low-volatility bull market.”

Lots of ether options for December expiration

Ether (ETH), the second-largest cryptocurrency by market capitalization, was up Thursday trading around $351 and climbing 3.3% in 24 hours as of 20:00 UTC (4:00 p.m. ET). 

Read More: As DeFi Deflates, Ethereum Users Get Reprieve From Soaring Fees

Ether options traders are heavily betting on the asset’s price at the end of the year. Over 473,500 ETH in open interest is set for expiration on Dec. 25, which is approximately $166,023,00 worth of options at Thursday’s spot prices.

skew_eth_options_open_interest_by_expiry_k-1

Ether options by expiration date.
Source: Skew

Vishal Shah, an options trader and founder of derivatives exchange Alpha 5, says traders started piling up ether options positions for December a while ago. “It really started gearing up with DeFi a few months back,” he said. There’s two main reasons for the options bets, Shah added. “It’s either a levered play on DeFi doing well, or as a tail hedge against impermanent losses,” he said. Impermanent loss is when an investor contributes to a liquidity pool and can temporarily be worse off than actually just holding the asset due to protocol imbalances.

Other markets

Digital assets on the CoinDesk 20 are mostly green Thursday. Notable winners as of 20:00 UTC (4:00 p.m. ET):

One notable loser as of 20:00 UTC (4:00 p.m. ET):

  • eos (EOS) – 0.46%

Read More: BitMEX CEO Arthur Hayes Leaves Role After US Charges

Commodities:

  • Oil was up 3%. Price per barrel of West Texas Intermediate crude: $41.23.
  • Gold was in the green 0.37% and at $1,894 as of press time.

Treasurys:

  • U.S. Treasury bond yields all fell Thursady. Yields, which move in the opposite direction as price, were down most on the two-year, dipping to 0.147 and in the red 8.5%.
https://www.coindesk.com/coindesk20

The CoinDesk 20: The Assets That Matter Most to the Market

Disclosure