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Why Synapse is challenging crypto options giants

  • Arthur Hayes disclosed buying US$2.2 million of Synapse (CRYPTO:SYN), citing its Hypercall options exchange as a potential challenger to Deribit.
  • SYN briefly jumped 26%, while derivatives data later showed futures open interest falling 13% to US$31.98 million as traders took profits.
  • Decentralised options exchanges continue competing with established derivatives platforms, although liquidity, regulation and user adoption remain key hurdles.
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Bloomberg

Allianz's Subran Has Doubts Over Europe's 'AI Dividend'

Ludovic Subran, chief investment officer and chief economist at Allianz, says there isn't enough evidence to say that the AI trade is in "bubble" territory. Speaking to Bloomberg's Caroline Connan at the Aix-en-Provence Economic Forum in France, he also says emerging-market stocks are looking more attractive due to demand for semiconductors, and that Europe might fail to reap the "AI dividend."

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