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Deribit launches $600K USDC trading contest with private island grand prize starting July 6

Market News
05 Jul 2026
Bitcoin
View Source
Bullish
pluang ai news

Deribit and Signalplus have launched a five-week trading competition called "The Island," running from July 6 to August 10, 2026, with a prize pool starting at 400,000 USDC and potentially growing to 600,000 USDC based on trading volume. The contest offers a private island or its cash equivalent as the grand prize, along with luxury items like Rolex watches, Nvidia stock, and trips to Bali and Turkey. Traders can compete in various categories including volume, profit, referrals, and block trades, with daily and weekly USDC rewards available. The event highlights Coinbase's strategy to attract active options traders following its $2.9 billion acquisition of Deribit in 2025.

More News

Family hack lets five eat at Chick-fil-A for under $45 by buying nuggets and buns separately

Family hack lets five eat at Chick-fil-A for under $45 by buying nuggets and buns separately

A father shared a money-saving hack for families eating at Chick-fil-A, revealing that buying 30 nuggets and separate buns costs less than ordering individual chicken sandwiches. This approach allowed his family of five to dine for under $45, despite...

Others
Neutral
4 hours ago
Vanadi Coffee faces shareholder revolt over high bitcoin transaction fees and board pay amid stock crash.

Vanadi Coffee faces shareholder revolt over high bitcoin transaction fees and board pay amid stock crash.

Vanadi Coffee, a Spanish coffee franchise that shifted to holding bitcoin, is embroiled in internal conflict as a major shareholder, Vallecid, demands board renewal and scrutiny over high fees charged by board members on bitcoin financing transaction...

Market News
Bearish
4 hours ago
World Copper settles $209K debt by issuing 20.9M shares to directors and service provider.

World Copper settles $209K debt by issuing 20.9M shares to directors and service provider.

World Copper Ltd. has agreed to settle $209,000 of debt by issuing 20.9 million common shares at a deemed price of $0.01 per share to two directors and a service provider. This move helps the company conserve cash for working capital. The share issua...

Company Fundamentals
Neutral
4 hours ago
Nvidia delays Kyber rack-scale system to 2028 due to manufacturing issues, opening market chance for rivals.

Nvidia delays Kyber rack-scale system to 2028 due to manufacturing issues, opening market chance for rivals.

Nvidia's Kyber rack-scale architecture, designed to house its 2027 Rubin Ultra chips, has been delayed to 2028 due to difficulties in manufacturing a key circuit board. This delay disrupts Nvidia's aggressive product release schedule and may allow co...

Market News
Bearish
4 hours ago
Amkor upgraded to buy on strong growth, low debt, and expanding demand.

Amkor upgraded to buy on strong growth, low debt, and expanding demand.

Amkor Technology has been upgraded from a hold to a buy rating due to its strong growth prospects, low debt-to-equity ratio, and expanding global supply chain. The company has shown earnings improvement, opened a new facility in Arizona, and experien...

Analyst Insights
Bullish
5 hours ago
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