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• Jiuzi commits up to $1B and 10,000 BTC to SOLV’s DeFi yield platform.
• The partnership bridges TradFi compliance with DeFi Bitcoin finance.
• JZXN shares have surged over 17% following the strategic announcement.

Jiuzi Holdings, Inc. (NASDAQ: JZXN) has unveiled a sweeping $1 billion Bitcoin finance initiative through a strategic partnership with SOLV Foundation, a decentralised finance (DeFi) platform managing more than $2.8 billion in total value locked.

The move positions Jiuzi as one of the few Nasdaq-listed firms actively bridging traditional finance (TradFi) with DeFi to create compliant, yield-generating Bitcoin products for institutional investors.

10,000 Bitcoin commitment to SOLV’s flagship SolvBTC.BNB vault

The partnership will see Jiuzi allocate up to $1 billion from its digital asset plan into Bitcoin staking and yield-focused blockchain products.

Central to the strategy is a commitment of up to 10,000 Bitcoin to SOLV’s flagship SolvBTC.BNB vault on the BNB Chain — one of the largest Bitcoin yield platforms in the ecosystem.

The assets will be safeguarded by regulated third-party custodians and verified through Chainlink’s proof-of-reserves auditing system, ensuring transparency and institutional-grade security.

This marks a pivotal moment for Jiuzi Holdings, which is best known for its new energy vehicle infrastructure business in China.

The company has been steadily diversifying into blockchain finance, and its partnership with SOLV Foundation signals a deepened commitment to positioning Bitcoin as a productive, yield-bearing asset rather than a passive store of value.

Building a compliant bridge between TradFi and DeFi

Jiuzi and SOLV have emphasised that the partnership will operate under strict compliance with US Securities and Exchange Commission (SEC) regulations and Nasdaq listing standards.

The collaboration will establish a joint Steering Committee composed of senior representatives from both organisations.

This committee will develop and oversee Bitcoin-centric DeFi initiatives, including expanding the adoption of SolvBTC across additional blockchain networks such as Solana and Base.

By combining Jiuzi’s regulatory standing and institutional access with SOLV’s on-chain expertise, the partnership aims to create a secure, transparent, and scalable financial framework for Bitcoin-based products.

Both companies view the collaboration as a model for how regulated capital can participate safely in decentralised yield markets.

Optimising treasury strategy through blockchain

Beyond its yield products, Jiuzi will anchor its corporate treasury around Bitcoin as its primary digital asset.

The firm’s Bitcoin holdings, including those of its subsidiaries, will be deposited on SOLV’s platform and managed under the supervision of approved custodians.

This approach is designed to maximise capital efficiency while maintaining visibility and accountability through blockchain-based auditing tools.

Li Tao, Chief Executive Officer of Jiuzi Holdings, described the partnership as “a transformative step forward” that strengthens the company’s Bitcoin vault strategy and aligns it with one of the most advanced ecosystems for Bitcoin liquidity and staking.

SOLV Protocol co-founder Ryan Chow added that the partnership merges Jiuzi’s regulatory stature with SOLV’s expertise in managing large-scale Bitcoin assets, paving the way for secure institutional capital flow into DeFi.

Notably, the news of the partnership sparked a sharp rally in Jiuzi’s stock, with shares surging more than 22% in trading following the announcement.

Investors responded positively to the company’s expansion into digital asset finance, recognising the potential for Jiuzi to play a pivotal role in institutional Bitcoin adoption.

• GFH App to enable instant crypto-to-fiat payments via Binance Pay.
• The partnership boosts Bahrain’s role in GCC digital finance innovation.
• Central Bank of Bahrain backs the service with PSP and stablecoin rules.

Bahrain’s GFH Financial Group has become the first Islamic investment bank in the Kingdom to integrate cryptocurrency payments directly into its banking app, marking a major milestone in the nation’s digital finance journey.

The partnership with Binance Pay enables GFH clients to perform real-time crypto-to-fiat transactions, bringing blockchain technology closer to traditional banking in Bahrain.

A first for Bahrain’s banking sector

Through this collaboration, GFH customers can now use Binance Pay within the GFH app to fund investments instantly and securely.

The feature allows users to convert digital assets into local currency without leaving the bank’s ecosystem, streamlining what was once a complex process.

This innovation eliminates the need for third-party exchanges for simple conversions, bridging the gap between crypto and conventional finance.

The service is powered by Binance Pay’s infrastructure, ensuring fast and low-cost transactions.

Clients can top up fiat e-wallets, custody both fiat and cryptocurrencies, and complete investment subscriptions within seconds.

For GFH Financial Group, the partnership is a defining step in its digital transformation strategy, designed to enhance accessibility and efficiency for customers managing digital and traditional assets alike.

Regulatory backing strengthens the launch

The Central Bank of Bahrain (CBB) has played a crucial role in supporting this advancement.

Earlier this year, it granted BPay Global B.S.C.(c) — a Binance Group company — a Payment Service Provider (PSP) license to operate in the Kingdom.

The license enables BPay Global to facilitate fiat and crypto custody, manage e-wallets, and process payments securely under the CBB’s supervision.

In parallel, the CBB introduced a stablecoin framework allowing both USD-backed and Bahraini dinar-pegged stablecoins to circulate in the local market.

This regulatory clarity provides a strong foundation for integrating crypto within the financial system, offering stability and ensuring compliance with international standards.

Financial experts say these policies strengthen Bahrain’s position as a crypto-friendly jurisdiction within the Gulf Cooperation Council (GCC).

Bridging traditional banking with blockchain

Osama Nasr, Chief Digital Banking Officer at GFH Financial Group, described the initiative as a transformative step that bridges traditional banking with blockchain technology.

“By bridging traditional banking with blockchain technology, we are introducing a new era of convenience, security, and accessibility for our customers,” Nasr said.

Nasr emphasised that this integration aligns with GFH’s broader goal of delivering smarter and more connected financial experiences.

From Binance’s side, Tameem Al Moosawi, General Manager of Binance Bahrain, highlighted the partnership’s alignment with Bahrain’s economic vision. “

We are contributing to a more competitive and sustainable digital economy. This partnership not only enhances financial innovation but also fosters digital literacy and positions the Kingdom as a leader in the future of finance,” he noted.

Regional momentum in crypto integration

The GFH–Binance partnership reflects a growing trend across the GCC, where financial institutions are increasingly adopting blockchain-based solutions.

In the UAE, Liv Bank, a subsidiary of Emirates NBD, has teamed up with Aqua Now for fiat-crypto settlements, while RAKBANK has partnered with BitPanda to offer similar services.

Together, these developments illustrate how Gulf countries are moving toward harmonising digital assets with established banking systems.

In Bahrain, the combination of regulatory foresight, Islamic finance principles, and fintech innovation has created fertile ground for crypto adoption.

GFH Financial Group’s integration of Binance Pay not only enhances the local banking experience but also signals Bahrain’s readiness to compete as a regional hub for digital finance.

Every few months, headlines warn of a looming multi-billion-dollar options expiry poised to shake Bitcoin price.

This quarter’s figure, roughly $13 billion in notional contracts, sounds dramatic, yet it’s part of a well-worn pattern on Deribit, the exchange that clears nearly 90% of Bitcoin’s options open interest.

The real story isn’t the size of the expiry, but the rhythm of how volatility is priced, hedged, and recycled through the platform that now anchors the crypto derivatives market.

A mechanical heartbeat

Deribit’s quarterly and month-end expiries follow a simple cadence: the last Friday of each period, all short-dated contracts settle simultaneously.

Traders start rolling positions days in advance, shifting exposure from expiring maturities into new ones. This means the $13 billion figure represents gross notional; most of it has already been neutralized long before the clock runs out.

In 2025 alone, the market has already seen expiries of similar scale: roughly $11.7 billion in May, $15 billion in June, and $14-15 billion in August, none of which derailed spot prices. The steady pattern shows that size alone doesn’t move Bitcoin; positioning does.

Why prices pin

Leading into expiry, a dynamic called gamma pinning keeps Bitcoin unusually stable. Dealers who are long gamma, essentially long volatility through options they’ve sold, hedge by buying into dips and selling into rallies. These offsetting flows suppress realized volatility, often holding BTC near the strike levels with the most open interest. That “max pain” zone is where the majority of option buyers experience a loss in value.

The moment contracts settle, this artificial calm disappears: the “gamma reset” removes hedging pressure, allowing spot to move more freely. As Glassnode has shown in past cycles, open interest quickly rebuilds while implied volatility (IV) eases.

Reading volatility through DVOL

The pulse of the options market is captured in Deribit’s DVOL, a 30-day implied-volatility index derived from the options smile. DVOL spiked above 70% in late October, reflecting traders’ demand for protection amid macro uncertainty.

However, as expiry approaches, DVOL typically drifts lower unless an outside catalyst intervenes, such as economic data, ETF flows, or a liquidity shock. The metric even has its own futures now, letting traders bet directly on volatility itself.

For newcomers, think of DVOL as a measure of expected turbulence: when it’s high, the market anticipates significant moves; when it’s low, options traders see calm seas ahead. Comparing DVOL with realized volatility shows whether option sellers are demanding a premium or pricing complacency. A DVOL that remains rich relative to realized levels suggests that sellers are earning carry, while compression warns that volatility could re-ignite.

Context beyond crypto

Unlike earlier cycles, today’s volatility isn’t isolated inside crypto venues. Spot Bitcoin ETFs have become primary parallel channels for Bitcoin. In early October, global crypto ETF inflows reached nearly $6 billion in a single week, providing steady demand that helps cushion spot prices.

This linkage means that derivatives now sit alongside institutional investment vehicles, rather than opposing them, as volatility spikes are as likely to be dampened by ETF flows as they are to be triggered by them.

At the same time, CME options activity has expanded, providing U.S. desks with a regulated venue for hedging, while offshore traders remain concentrated on Deribit. The result is a split ecosystem: Deribit defines near-term crypto-native volatility, CME reflects TradFi participation. Their interplay helps explain why even record expiries now pass with minimal dislocation.

What to watch post-expiry

Once the $13 billion clears, three variables shape the next leg:

• Open-interest rebuild: New maturities show where traders expect movement. A shift toward upside calls signals renewed optimism; heavy put interest hints caution.
• DVOL term structure: A front-month premium fading after expiry points to normalization; a sustained elevation implies lingering uncertainty.
• ETF and macro overlays: Strong inflows or soft economic data can override any technical expiry effects, redirecting flows faster than option books can adjust

The bigger picture

Kaiko’s research frames these expiries as volatility-management events, not market shocks. Each one clears the board, resets positioning, and lays the foundation for the next volatility cycle.

Deribit’s dominance ensures that Bitcoin’s implied volatility structure (the balance between fear and greed) remains anchored to how traders hedge on that single platform.

For seasoned desks, expiry Friday is just accounting; for observers chasing the next “big move,” it’s a reminder that the loudest numbers often hide the quiet mechanics that make modern crypto markets run.

Key points: 

• Bitcoin charts suggest downside to $103,800 and a final flush below $100,000 as the most likely outcome in the short term. 

• Investors are concerned that the CAPEX expansion by Big Tech companies for their AI infrastructure reflects a speculative-driven market.    

Bitcoin’s (BTC) end-of-month sell-off accelerated as the price dropped to $107,328 shortly after the New York open and was followed by an intraday low at $106,800. The move mirrors a slight weakness in US stock markets, where the S&P 500 and Nasdaq showed slight losses despite third-quarter earnings from Big Tech companies surpassing expectations. 

Magnificent Seven giants Meta and Microsoft saw respective 10% and 3% drops in their share prices as investors’ skepticism at Big Tech companies’ spending on AI investment overshadowed positive earnings reports. Meta boosted its capital expenditure on AI to the $70 billion–$72 billion range, while Alphabet has forecast up to $93 billion in CAPEX dedicated to the AI buildout. 

The market also appears not to be buying into President Trump’s positive description of his trade deal meeting with Chinese President Xi Jinping. Beyond a cut to the fentanyl-related tariffs and China agreeing to delay its ban on rare earth exports by one year, few details regarding the nature of the discussion and any ensuing deal have emerged, thus leaving the US-China trade war as an overhanging risk event for investors. 

Related: Bitcoin risks ‘20-30%’ drop as crypto markets liquidate $1.1B in 24 hours.

Bitcoin’s lackluster price performance is surely an unexpected outcome for investors who forecast a rally to range highs if a Trump-China trade deal, Federal Reserve 25 basis point cut to interest rates and the end of the quantitative tightening policy were all confirmed by the end of October. 

As things currently stand, the path of least resistance for Bitcoin remains to the downside, with Hyblock’s liquidation heatmap data showing the most immediate liquidity at $103,800. 

The 1-month lookback, which includes longer-held positions, shows long liquidity at $100,500 and $98,600. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.