The Intercontinental Exchange’s (ICE) bitcoin venture Bakkt has seen its options volume and open interest dry up, having been flat at $0 since June 15.

Watchdog Capital, a New Hampshire-based broker-dealer registered with the U.S. Securities and Exchange Commission (SEC), is set to launch Gladius, a regulatory-compliant security token platform.

The Bank of Lithuania, Lithuania’s central bank, has launched a blockchain-based digital collector’s token called LBCOIN. The token, according to officials, is now a central bank digital currency, but could lead to the release of one.

Top stories in the Crypto Roundup today:

• Bakkt Has Seen No Bitcoin Options Volume For Over a Month
• SEC Registered Broker-Dealer to Launch Regulatory-Compliant Security Token Platform
• Bank of Lithuania Launches Blockchain-Based Collector’s Token

At the time of writing, bitcoin (BTC) is trading at $9,515.83 (-0.15%) with a daily Top Tier volume of $2.64 bn. As for ether (ETH), it is trading at $270.95 (2.25%) with a daily Top Tier volume of $1.90 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,374.08 (-1.73%).

Bakkt Has Seen No Bitcoin Options Volume For Over a Month

The Intercontinental Exchange’s (ICE) bitcoin venture Bakkt has seen its options volume and open interest dry up, having been flat at $0 since June 15.

Bakkt launched its monthly bitcoin options contracts in late 2019, offering its users a product regulated by the Commodity Futures Trading Commission. The crypto trading platform has seen its trading volumes drop to zero before, but its open interest is now in a 38-day streak of complete inactivity, breaking previous records.

Bakkt’s daily options volume has notably peaked at $528,000 on January 8, with the trading platform seeing relatively low volumes since launch. It also offers users physically-settled bitcoin contracts. Notably Adam White, Bakkt’s COO, has compared the firm’s crypto ambitions regarding BTC to the ICE’s Brent Crude Oil Futures, which it claims was “one of the most important contracts ICE would ever offer.” 

The firm is also set to soon launch a cryptocurrency “consumer app” that will let users buy goods from merchants using cryptoassets. In previous blog posts the firm has hinted it may support BTC and other digital assets, and that Starbucks and other companies will accept payments in it when it goes live.

SEC Registered Broker-Dealer to Launch Regulatory-Compliant Security Token platform

Watchdog Capital, a New Hampshire-based broker-dealer registered with the U.S. Securities and Exchange Commission (SEC), is set to launch Gladius, a regulatory-compliant security token platform.

The platform, according to Watchdog, could provide companies with more access to capital as well as better opportunities for investors. Gladius is currently in beta, and has been built to be complying with U.S. securities laws. The first offering is set to be hosted in the next three months, according to the CEO of Watchdog’s parent Chainstone Labs.

As Watchdog is a registered broker-dealer, Fenton said Gladius can then be used for SEC-exempted offerings. While Watchdog will have to approve each offering, some may also need the approval of the SEC itself.

According to CoinDesk, Gladius is blockchain-agnostic and can be used to issue paper equity. Investors will be able to pay in both fiat and cryptocurrencies. Security tokens, to Fenton, may open a new regulated investment avenue for organizations In the decentralized finance space.

Bank of Lithuania Launches Blockchain-Based Collector’s Token

The Bank of Lithuania, Lithuania’s central bank, has launched a blockchain-based digital collector’s token called LBCOIN. The token, according to officials, is now a central bank digital currency but could lead to the release of one.

LBCOIN consists of six digital tokens and one physical collector’s coin. The bank issued a total of 4,000 LBCOINs, meaning there are 24,000 tokens and 4,000 collector coins out there. Each token features one of the 20 signatories of Lithuania’s Act of Independence signed in 1918.

The cryptocurrency uses the NEM blockchain network. Those who hold LBCOINs will be able to exchange them for a physical collector coin, store them at the LBCOIN e-shop, transfer them, or send them as gifts. One LBCOIN package costs 99 euros.

The project’s goal is to attract collectors and illustrate how technology can aid in the digitalization of our world. Marius Jurgilas, a Member of the Board of the central bank, said that “digital money is inevitable in the digital economy,” and added that LBCOIN “allows people in Lithuania and around the globe to test new technologies in a safe environment.”

Flipside Friday

The Flipside Crypto Disparity Ratio is a tool helping you find out which cryptoassets are under and overvalued. The crypto disparity ratio scores cryptoassets based on market capitalization and FCAS ratings, with a score over 1 showing it’s undervalued, and under 1 showing it’s overvalued.

POA Network (POA), a public sidechain based on the Ethereum protocol that will use Proof-of-Authority and allow organizations to build their own networks in their own validators and allow developers to deploy decentralized applications, tops the undervalued list with a score of 1.48.

It’s followed by the Raiden Network (RDN), an off-chain scaling payment solution to perform ERC20 compliant token transactions, at 1.33. SingularDTV (SNGLS), a decentralized and tokenized content creating and distributing platform that will create, acquire and distribute film and television content in an innovative way, comes next at 1.23.

At the bottom comes AirSwap (AST), an ERC-20 token that enables peer-to-peer trading on the Ethereum blockchain. The token is the native currency of the decentralized AirSwap protocol, to which users can add or remove liquidity through trustless products.

On the overvalued side we have UNUS SED LEO (LEO), a utility token to empower the Bitfinex community and provide utility for those looking to maximize the output and capabilities of the Bitfinex crypto exchange, at 0.3

Next is DxChain Token (DX), the world’s first decentralized big data and machine learning network powered by a computing-centric blockchain, at 0.34. It’s followed by Huobi Token (HT). an ERC-20 token that allows users to receive a discount on fees at the Huobi exchange, among other advantages.

Next have Crypterium (CRPT), a cryptobank platform that leverages the ETH blockchain to provide an instant processing engine for fiat and crypto-based transactions. Then comes Monacoin, the once-popular cat meme cryptocurrency which has even been used to buy land in 2014, at 0.39.

State of the Crypto by Top Tier Exchange Volume

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