Binance’s Ether Futures See Lowest Open Interest Since July 2022
The sharp decline in open interest in active ether and bitcoin perpetual futures contract reflects a typical position reset in the market.
The sharp decline in open interest in active ether and bitcoin perpetual futures contract reflects a typical position reset in the market.
Both tokens rose 3%, bitcoin and ether added as much as 1.2%, while bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Near Protocol’s native token NEAR has climbed 5% over the last 24 hours following an announcement that crypto exchange Nexo has integrated the Near network. Users will now be able to deposit and withdraw NEAR on that exchange. The sizable gain comes as the broader crypto markets head lower, with the CoinDesk Market Index (CMI) … Read more
One of Ethereum’s top decentralized crypto trading projects, Balancer, is urging some of its customers to withdraw their tokens after the discovery of a critical vulnerability that could place tens of millions of dollars in crypto at risk. They’re listening in a big way: “People are withdrawing fast,” said Xeonus, a pseudonymous contributor. The protocol’s … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Cryptocurrency exchange Coinbase (COIN) bought a minority stake in stablecoin issuer Circle Internet Financial. The two companies also dissolved their Centre Consortium partnership, … Read more
XRP and cardano (ADA) prices slid for a second straight day as traders eased off riskier alternative cryptocurrencies, with no major token in the green. Both fell as much as 3%. Losses in ADA came even as on-chain data analytics tool Santiment reported that development activity on Cardano was the highest among all networks in … Read more
Bitcoin (BTC) and the U.S. inflation-adjusted bond yield are again moving in opposite directions, exhibiting the strongest negative correlation in four months. The 30-day correlation coefficient between bitcoin and the 10-year U.S. inflation-indexed security turned negative this month, declining from +0.28 to -0.72, a level last seen in April, according to charting platform TradingView. A … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Bitcoin (BTC) has broken out from its very tight trading range, but not in ways the bulls would have liked to see. The … Read more
Securities regulators are poised to approve ether (ETH) futures ETFs for trading in the U.S., Bloomberg reported on Thursday. Several firms have applied to list these exchange-traded funds, which would hold derivatives contracts tied to ether – rather than ether itself. But they need the U.S. Securities and Exchange Commission’s blessing, something Bloomberg said might … Read more
Cryptocurrency traders suffered $1 billion of losses in liquidations over the past 24 hours, according to Coinglass data, as digital-asset markets suffered one of their worst sell-offs of the year and bitcoin’s price fell to a two-month low. Bitcoin, the largest and original cryptocurrency, tumbled 7% to about $26,900, after earlier in the day dropping … Read more