Sophisticated traders bought put options to protect against a continued ether price drop, one observer said. Author: Omkar Godbole

Pizza takeaway chain Papa John’s is giving away nearly 20,000 non-fungible tokens (NFTs) to customers in the U.K. shrugging off a previous warning from the advertising regulator about its dalliances in the crypto world. Author: Jamie Crawley

Bitcoin (BTC) and other cryptocurrencies traded lower on Monday alongside stocks. Analysts expect bitcoin’s trading range between $28K and $69K could result in sharp price swings, eventually giving way to a recovery within two or three months. Author: Damanick Dantes, Angelique Chen

Ukrainian minister Alex Bornyakov said that the crypto fund is being used to purchase non-lethal equipment for military purposes such as bulletproof vests, night vision goggles, military-grade food rations and medical equipment that helps with hemostasis such as tourniquets. Author: Amitoj Singh

Several fledgling tokens dropped Monday as investors panicked on the exit of an influential Fantom developer. Author: Shaurya Malwa