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Crypto Daily｜Bitcoin, Ethereum Brace For $17b Options Expiry This Friday; Michael Saylor Targets $150,000 For Bitcoin

TigerOct 30, 2025 5:49 AM

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Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Mastercard nears acquisition of crypto firm Zerohash for up to $2B

Mastercard (MA) is in late-stage talks to acquire Zerohash, a crypto and stablecoin infrastructure startup, for $1.5B-$2.0B, according to a media report on Wednesday.

If the deal closes, it would be one of Mastercard's (MA) biggest investments yet on stablecoins, the digital currencies, Fortune reported, citing people familiar with the matter. However, the transaction could still fall apart, they said.

Michael Saylor Targets $150,000 For Bitcoin

Strategy (NASDAQ:MSTR) Chairman Michael Saylor celebrated a landmark moment as his firm became the first Bitcoin (CRYPTO: BTC)-focused company to receive an S&P credit rating, marking a new chapter for institutional Bitcoin adoption.

He reiterated his long-term Bitcoin price targets: $150,000 by end of 2025, $1 million within four to eight years and $20 million over two decades, implying roughly 30% annualized growth.

Bitcoin, Ethereum brace for $17b options expiry this Friday

Crypto markets are bracing for a major volatility-inducing event. On Friday, October 31, over $17 billion worth of Bitcoin and Ethereum options contracts are set to expire on the crypto derivatives exchange Deribit.

For Bitcoin (BTC), 72,716 BTC call option contracts and 54,945 BTC put option contracts, worth a total of $14.4 billion, will expire on Friday. On the other hand, $2.6 billion in Ethereum (ETH) options are set to expire the same day.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Wednesday was $470.71 million. The total net asset value of Bitcoin spot ETFs is $149.98 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.75%.

The Bitcoin spot ETF with the highest net outflow on Oct. 29 was Cboe Global Markets, Inc, with a net outflow of $164.36 million. Followed by ARK 21Shares Bitcoin ETF, with a net outflow of 143.8 million, according to SoSoValue.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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