Everything web3, crypto, defi, degen
In brief CME Group plans to offer round-the-clock trading next year. The setup will still include some downtime, with holiday considerations. CME crypto contracts have reached record volumes this year. The world’s largest derivatives marketplace plans to offer customers round-the-clock trading for its cryptocurrency products next year, CME Group said on Thursday.In a blog post,…
In brief Bitcoin recovered to $112,000 Monday morning, recovering losses sustained during last week’s price slump. CME-based Bitcoin futures and options products saw a $4.33 billion decline in open interest between September 18 and 26. Crypto-native investors remained optimistic despite last week’s liquidation event, supported by an $800 million uptick in open interest and rising…
In brief Record-setting $18 billion Bitcoin options expiry today may create delayed volatility in 24-72 hours, according to Bitfinex analysts. Myriad prediction market users lean bearish at 51% expecting more red candles over the weekend after a rough trading week. October shows $78.9 billion in Bitcoin options open interest with heavy concentration of calls between…
In brief Bitcoin futures open interest dropped $1.25 billion to $80.8 billion over recent days, which analysts view as a healthy market reset that purged excessive leverage rather than a bearish warning. The drawdown is considered a temporary cooldown following volatility peaks and large liquidations, with Bitcoin maintaining key support around $112,000. Future market direction…
In brief Layer 1 tokens take the lead as investors prepare for the highly anticipated FOMC meeting. Analyst attributes XRP, BNB, and Hyperliquid’s out-of-pocket performance to coin-specific development. With altcoin open interest briefly surging above Bitcoin’s, investor appetite continues to remain elevated. With the Fed’s crucial interest rate decision in less than 12 hours, a…
In brief Altcoin open interest has jumped to $38 billion, closing in on Bitcoin’s $40 billion and topping Ethereum’s $30 billion, signaling heightened speculative activity. Experts warn the leverage buildup could spark liquidations if the Fed’s expected rate cut triggers a shift in sentiment. Political pressure on Chair Jerome Powell and signs of elevated implied…
In brief The odds of the U.S. Federal Reserve announcing a quarter-point rate cut have skyrocketed to 94.2%, according to the CME’s FedWatch tool. Experts look to Fed Chair Jerome Powell’s speech and forward guidance to determine if Bitcoin rallies or triggers a sell-the-news reaction. Bitcoin’s long-term outlook remains bullish, with experts forecasting up to…
In brief Bitcoin and Ethereum have risen 6% and 4% this month, defying the usual September slump. Options data show bullish bets outweighing bearish ones, with weighting geared for higher year-end prices. Expectations of multiple Fed rate cuts in 2025 are helping underpin appetite for risk assets. September’s slump may not be the last, but…
In brief Ethereum rose above $4,600 on Friday, driven by institutional accumulation from treasury companies and ETF inflows. CryptoQuant reports a surge in staking activity, including one whale moving $645 million in ETH specifically to stake it. 73% of traders on prediction market Myriad now bet ETH will reach $5,000, up from 61% at the…
In brief Bitcoin hit a two-week high above $114,000 Thursday morning. Its price rise comes after U.S. spot Bitcoin ETF saw inflows of $757.1 million Wednesday, an eight-week high. Experts suggest that the August inflation report and the subsequent rate cut decision by the Federal Reserve are key catalysts driving ETF inflows. Bitcoin bounced back…
