Around 103,000 Bitcoin options contracts will expire on Friday, August 29, and they have a notional value of roughly $11.7 billion. This expiry event is much larger than previous weeks due to it being the end of the month, so there may be some volatility in spot markets. Eyes are also on today’s US July […]
The CFTC’s Division of Market Oversight issued an advisory on Thursday stating that U.S.-based users can now trade on non-U.S. crypto exchanges such as Binance. The advisory clarifies the Foreign Board of Trade (FBOT) registration framework, which allows non-US exchanges to provide direct market access to US customers. “Today’s FBOT advisory provides the regulatory clarity […]
Ethereum exchange-traded funds (ETFs) have outperformed their Bitcoin counterparts for six consecutive weeks, highlighting a shifting preference among investors. Fresh data shows ETH products are drawing steadier inflows even as Bitcoin ETFs continue to command the lion’s share of assets under management. Weekly Data Highlights Ethereum’s Edge According to data from SoSoValue, as of August […]
“The old money flow cycle is breaking,” crypto trader ‘Koroush AK’ told his 376,000 X followers on Wednesday, referring to the previous pattern of money rotating from Bitcoin to Ether and then to altcoins. “Now we have to navigate isolated mini-cycles where only some sectors pump while others get left behind,” he added. The flow […]
TL;DR The .pi Domain Auction aims to provide pioneers with personalized options for easier identity and app access. PI’s price continues to struggle, sliding to about $0.33. The upcoming token unlocks and the increased amount of coins stored on exchanges intensify the selling pressure, though rumors of a potential Coinbase listing keep hopes for a […]
US Commerce Secretary Howard Lutnick has stated that the department plans to issue economic data on the blockchain for further transparency and easier access. “The Department of Commerce is going to start issuing its statistics on the blockchain, because you are the crypto president, and we are going to put our GDP on the blockchain.” […]
Bitcoin posted a new all-time high above $124K earlier this month, but the momentum has quickly shifted to fragile. The market has been extremely choppy this week, briefly pushing the price below $109K. As investors anticipate a durable rally, seasonal headwinds, among other factors, have hindered the asset’s growth. New data suggests that the current […]
Around $205 billion has exited crypto markets over the past 24 hours, sending total market capitalization plummeting back to $3.84 trillion. It is the lowest level total cap has been since August 6, but it still remains within a six-week sideways channel despite the massive sell-off. CoinGlass reported that around 205,000 traders were liquidated over […]
Crypto markets are preparing for a wave of selling pressure as more than $998 million worth of token unlocks hit circulation between August 25 and August 31, according to data from Tokenomist. The largest scheduled releases include Sui (SUI), Optimism (OP), Jupiter (JUP), and Huma Finance (HUMA). Heavy Unlock Schedule The token activations consist of […]
XRP struggled to sustain its recent momentum as it failed to reclaim the $3 mark. After enjoying a relatively strong weekend that kept sentiment leaning positive, selling pressure emerged on Monday, which pushed the price back down to $2.95. The correction phase may not be over yet, as on-chain data points to rising exchange inflows […]