[Bitpush Daily News Selection] Bitcoin Continues to Hit All-Time Highs, Options Traders Bet on a Rise to $140,000; Bloomberg Analyst: IBIT Has Become BlackRock's Most Profitable ETF; US Senate Fails to Pass Bipartisan Funding Bill, Government Shutdown Continues

Bitpush editors' daily selection of Web3 news:

[Bitcoin hits new all-time high, options traders bet on $140,000]

According to Bitpush, in the past 24 hours, Bitcoin surged to 126,000 USDT, setting a new all-time high.

Options traders have increased their bets, expecting the largest cryptocurrency to rise to $140,000. According to data from Deribit, the crypto derivatives exchange under Coinbase, short-term Bitcoin options contracts expiring at the end of the year have open interest concentrated near this strike price for call options. There has also been a moderate increase in demand for put options, as traders seek downside protection after the rally. "Currently, the notional open interest in Bitcoin futures and perpetual contracts has reached record highs, despite a wave of 'buy-to-cover' liquidations," said Greg Magadini, Head of Derivatives at Amberdata. "The market rally has surprised people, and we have not yet reached the top, especially since many traders were previously short the market."

[Bloomberg Analyst: IBIT has become BlackRock's most profitable ETF]

According to Bitpush, Bloomberg ETF analyst Eric Balchunas posted that IBIT's assets under management are just one step away from $100 billions. Based on current assets under management, it has already become BlackRock's most profitable ETF, with profitability far exceeding expectations.

[U.S. Senate fails to pass bipartisan funding bills, government shutdown continues]

According to Bitpush, on October 6 local time, the U.S. Senate voted on a funding bill proposed by the Democrats aimed at ending the government shutdown, but the bill failed with 45 votes in favor and 50 against. Subsequently, the Senate voted on a temporary funding bill proposed by the Republicans, which also failed to reach the threshold for passage. With the bills rejected, the U.S. government shutdown will continue.

[Bee Maps raises $32 million in funding, Pantera Capital and others participate]

According to Bitpush, Bee Maps (formerly Hivemapper, Inc., now operating under a new brand name) has raised $32 million to expand its decentralized physical infrastructure network (DePIN) mapping network. Participants in this funding round include Pantera Capital, LDA Capital, Borderless Capital, and Ajna Capital.

Alongside the funding, Bee Maps launched a new subscription-based "Bee Membership" program to lower the participation threshold for contributors.

[Pantera Founder: Pantera's Blockchain Fund IV's Solana returns reach 850%]

According to Bitpush, Pantera Capital founder Dan Morehead revealed in a post on October 6 that Pantera launched its fourth blockchain fund (Blockchain Fund IV) in 2021, and the Solana held by Blockchain Fund IV has achieved an 850% return over the past four years, tripling three times. The first was through the FTX bankruptcy fund, buying SOL at a 50% discount to the spot price at the time (2x); the second was when Solana's spot price roughly doubled later (1.1x); the third was the Sol treasury company's PIPE deal (2.4x). Plus a 7% yield from SOL staking, the Solana held by Blockchain Fund IV has reached an 850% return.

[Wall Street tests regulators' risk tolerance with triple-leveraged ETF applications]

According to Bitpush, three asset management companies plan to launch exchange-traded funds (ETFs) that amplify the price volatility of Tesla, Bitcoin, and other assets to unprecedented levels, once again testing regulators' tolerance for ultra-high-risk financial products.

Defiance ETFs, Themes, and Direxion have submitted applications for leveraged products designed to achieve triple the daily returns of some of the market's hottest trading assets. This move is quite innovative: due to volatility rules set by the U.S. Securities and Exchange Commission (SEC) that limit the level of leverage funds can offer, there are currently no triple-leveraged single-stock ETFs in the U.S. market.