Options protocol Derive (formerly known as Lyra) announced a partnership with Ethena and officially joined the Ethena Network. As part of the collaboration, the Ethena Foundation has provided Derive with millions of dollars in grants, and sENA Token holders will be eligible to receive 5% of the DRV Token supply from Derive DAO.

According to Golden Finance, based on TradingView's data, the ETH momentum indicator (measuring the rate of change in price over 10 days) has surged to $880, the highest level since May 2021. Other indicators such as RSI also show the same trend. Options traders in the decentralized market Lyra expect Bitcoin's price to pump to $5,000 by the end of the second quarter. The current resistance level is at the high point of $4,090 reached in April, followed by the all-time high of $4,692 during the bull market in 2021.

PANews May 22nd news, according to CoinDesk report, the probability of Ethereum reaching $5000 by the end of June is 20% according to DeFi options protocol Lyra. Lyra's market data shows that with the continuous expansion of the Ethereum ecosystem and the increasing market demand, investors' expectations for Ethereum price increase have improved. Despite market fluctuations and macroeconomic uncertainties, Ethereum's strong fundamentals and wide applications still support the possibility of future price pump.

According to the data from Lyra, a decentralized options market, there is a 20% probability that the price of Ethereum will rise to $5000 by the end of next month. Nick Forster, the founder of Lyra and a former Wall Street options trader, stated that based on the implications of the Lyra options market, there is approximately a 20% probability that Ethereum will reach $5000 by June 28th and a 20% probability of surpassing $5500 by July 26th.

On May 8, Options protocol Lyra published a blog post saying that LDX is Lyra's new utility Token. The first round of LDX Airdrop rewards traders and Liquidity Providers, using a point system to distribute LDX to users on a pro-rata basis over 4 weeks. The Airdrop will last for at least 3 rounds, i.e. 12 weeks. Users can earn points through trades, yields, and invitations. LYRA has completed a snapshot and points earned by staking and locking LYRA have stopped accumulating.

Odaily Planet Daily News Decentralized Finance Options protocol Lyra announced the launch of EigenLayer on the X platform to tokenization derivation revenue. Re-stake of platforms such as Swell, ether.fi, and others will earn 10%-50% annualized returns on their LRT Token (rswETH, eETH) by leveraging a new underlying strategy that tokenization basis trading and covered bullish strategies.

PANews reported on February 16 that according to CoinDesk, data from the Decentralized Finance Options protocol Lyra shows that crypto traders believe that Bitcoin has a 20% chance of breaking through $70,000 by the end of April. Lyra recently launched options expiring on April 26, allowing traders to speculate on price trends around the time of the Bitcoin reward Halving. Bitcoin has risen 35% in the past three weeks to $52,000, the highest level since the end of 2021, showing strong upward momentum.

Golden Finance reported that Lyra announced on the X platform that Lyra Chain will introduce modular upgrades through OP Stack and Celestia. By dropping DA costs by a factor of 100, Celestia provides Lyra with scale and transaction costs that were previously only available off-chain, and Celestia also enables Lyra to significantly increase sequencer profitability for the community, with more ETH going into the Lyra DAO without increasing transaction fees.

According to official sources, the options protocol Lyra V2 has built a custom chain on Optimism's OP Stack, which provides fast trading and execution, and continues to be fully self-custodial, keeping all funds and financial logic on-chain. To test the new protocol, Lyra launched the BTC ETF PVP trading competition.

Lyra V2 has announced that it has built its own custom chain on the Optimism stack, and according to the team's statement, Lyra now offers ultra-fast transactions and execution, and continues to be fully custodial and keep all funds and financial logic on-chain.

The Aerodrome community has launched a proposed incentive program to provide liquidity for Lyra's LYRA token on Base. According to the proposal, the program will run for 16 weeks, and the deployment of a $2,000 weekly incentive would allow Lyra to attract up to $1 million in TVL at 22% APR for LYRA/USDC, which is about two-thirds of Lyra's current liquidity at Optimism.

Golden Finance reported that the Aerodrome community has proposed to provide liquidity for Lyra on Base.

According to DoNews, on October 26, Tencent Music Entertainment Group (TME) and Hongsheng Culture Co., Ltd. (Wang Leehom Studio) jointly created the first officially licensed "full AI" singer - AI Leehom, whose sound, visual and derivative products are all generated by AI, officially released their first single "Letting Go". It is reported that the AI synthesis technology used in AI Leehom's voice comes from the TME Lyra Lab's "Qin Yun Engine". Through the two technologies of "singing synthesis" and "singing voice conversion", the piano rhyme engine can quickly learn the timbre and singing characteristics of singers, and can further improve the naturalness and timbre similarity of singing voice by adjusting the relevant parameters of singing skills, such as breath, vibrato and true falsehood. In terms of visual presentation, AI Leehom leveraged the MUSE AI vision generation engine from TME Lyra Labs and the MUX design team.

3D/AR enterprise infrastructure provider Threedium completes $11 million Series A funding, led by Interpublic Group and Olma Partners, and Mesh Consensys, Reflexive Capital, Nirvana Family Office, Lyra Ventures, Edenbase and Kinisis Venture Fund I participated. Threedium said that this round of financing will be used to promote the advancement of spatial computing and online 3D content production, and deepen artificial intelligence research and development to further improve the efficiency of 3D models. Threedium offers a proprietary 3D and AR engine, Unlimited3D, that enables the creation of high-fidelity 3D assets on the web and mobile devices.

On May 25th, the oracle machine Pyth Network reached a cooperation with the option protocol Lyra through the Synthetix Perps V2 engine to provide low-latency, off-chain reading oracle services to support one-click option strategies, maximum loss spreads and combinations.

5 Cryptocurrencies Expected to Make Big Moves in the Coming Days $Kava$ According to the data, the token is up 50% in the past two weeks. The increased utility and scalability of the newly launched mainnet will definitely help KAVA's future performance. Currently, the coin’s $0.8465 support level is key for a bigger upside. The current price action of the coin suggests that a drop in value may occur in the coming days. Defending this price point will be crucial to target the $1.4 resistance level in the coming days. $SNX$ The token is currently up an impressive 15% in a market where major cryptocurrencies are depreciating. New options market maker Lyra will also integrate Synthetix perpetuals in its Newport upgrade, which will bring more attention to Synthetix. For investors, holding $2.334 is important for future price action. However, SNX’s correlation with Bitcoin may cause problems in the short term. Nonetheless, $2.334 should hold up against any bearishness in the medium to long term. $TRX$ Tron's HackaTron Season 4 recently concluded with winners that will help grow DeFi and cryptocurrencies as a whole. It has lifted TRX out of the market's current decline. The token’s value has risen 11 percent since last week, the data showed. The coin’s current trajectory makes it a prime target for bears. After rising for almost a month, investors should brace for a dip to $0.06544 in the short term. Nonetheless, the bulls should be able to target $0.08092 in the long-term once the bearish sentiment in the market cools down. $CFX$ The token has rallied nearly 30% over the past two weeks, making it one of the market's top gainers for equity tokens. Currently the bulls are attempting to recover $0.3128. A return to this level would provide solid support for CFX to close above $0.4215 in the days and months ahead. However, investors and traders should monitor Bitcoin's future price action, as the two assets have historically been correlated. $LTC$ LTC is up nearly 17% since last week. Bitcoin's move towards a tight trading range is affecting LTC's future performance. Currently, the asset is holding above $89.32, which could open the way for higher gains. In the long run, investors and traders should be able to target $100 to secure more upside. (Data source: Christian Encila)

On May 23, the options protocol Lyra will release the Lyra Newport version, which integrates Lyra with Synthetix Perps to provide deep chain option liquidity, low fees and low slippage transactions.