Everything web3, crypto, defi, degen
In brief Former president of FTX US, Brett Harrison, told Decrypt that offering leverage up to 1,001x on volatile crypto assets is “irresponsible” and a “major problem.” Proponents of the high-leverage crypto products believe they’re just giving retail users what they want and offering a level playing field. Harrison’s comments come as he is preparing…
In brief Ethereum’s price swings are dictated by a cycle of extreme greed and panic in funding rates, according to analysts. They argue that the market is under stress, sustained by leverage rather than real spot demand. Breaking the volatile cycle requires a reset in derivatives positioning and new spot buying, analysts told Decrypt. Ethereum…
In brief Solana and XRP futures are CME Group’s fastest growing crypto products. They have benefited from maturing markets, CME’s Giovanni Vicioso said. They allow market participants to pursue popular trading strategies, he added. Bitcoin and Ethereum walked, so Solana and XRP could run, according to Giovanni Vicioso, CME Group’s global head of cryptocurrency products.The…
In brief Key metrics such as ETF flows, Coinbase Premium, and the CME basis signal a decline in U.S. institutional demand for Ethereum. Experts cite a closed Grayscale arbitrage window and a broader macro risk reassessment as primary causes. The long-term outlook remains bullish, contingent on Ethereum’s utility and real-world asset adoption. Demand for Ethereum…
In brief Bitcoin’s open interest nears $40B as traders price in a likely Fed rate cut. Users of prediction market Myriad hint at a 92.6% chance of a quarter-point cut this week. Experts warn that leverage-driven volatility is a risk, despite a bullish outlook. Bitcoin traders are building leveraged positions across the crypto derivatives market…
In brief Bitcoin has recovered to near $115,000 following initial panic over Trump’s threatened 100% tariffs on China. Standard Chartered’s Geoff Kendrick notes that $2 billion exited gold ETFs last week, and suggests Bitcoin ETFs need to capture about half of that amount to confirm improving market sentiment. Despite recent gains, gold continues to significantly…
In brief A record $31 billion in Bitcoin options are set to expire on Halloween, surpassing last month’s $18 billion despite October’s flash crash that wiped out $19 billion in leveraged positions. Open interest at Deribit has reached an all-time high of $50.27 billion, with significant put contracts at $100,000 and call contracts at $120,000…
In brief Medium-sized Bitcoin holders, or “dolphins,” have continued accumulating even after the $19 billion liquidation earlier this month, helping preserve the bull-market structure, CryptoQuant said. The group’s annual holdings growth of 907,000 BTC hints at long-term strength, though a dip below the 30-day moving average points to fading short-term demand. Altcoins are showing renewed…
TL;DR Last Friday’s ~$19B+ liquidation cascade reset positioning across crypto; this week’s action has been a shaky retest rather than a clean recovery, with BTC probing the low ~100Ks and failing multiple reclaim attempts. Den’s “line in the sand” on BTC: ~$98K. If it can hold above that level, there’s room for a base (but…
In brief Bitcoin odds on the prediction market Myriad have flipped from 75% bearish (expecting $100K) to 52% bullish (expecting $120K) in just three days. Technical indicators show mixed signals on varying timeframes. October—historically Bitcoin’s strongest month—is shaping up to be the worst since 2020. Bitcoin is taking prediction market traders on a wild ride.Just…
