Este artículo también está disponible en español. The crypto market is back up again after a recent decline like clockwork, and prices are starting to push up once more. Interestingly, this renewed momentum has seen Dogecoin open interest flipping from a negative threshold into a positive one. As the meme coin’s price gains traction, traders are once again pouring into derivatives markets, pushing the total open interest above $4 billion. Dogecoin Open Interest Surges With Market Revival According to data from Coinglass, Dogecoin’s total open interest has climbed back above…
Day: January 30, 2025
Coinbase (COIN) Files Paperwork To List Solana (SOL), Hedera (HBAR) Futures
Coinbase Derivatives, a subsidiary of the crypto exchange, has filed documents with the Commodity Futures Trading Commission (CFTC) to list Solana (SOL) and Hedera (HBAR) futures. The exchange plans to launch the product on Feb 18., with new contracts being cash-settled on a monthly basis, according to the filing. The contract size for the Solana futures would be 100 SOL, currently worth roughly $24,000, if approved. It would also offer “nano” Solana contracts with five SOL. Hedera futures would be sized at 5,000 tokens. The move comes after several players…
Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks
San Salvador — Tether, the crypto company behind the largest stablecoin, is introducing its $140 billion USDT token to Bitcoin — the blockchain that underpins the largest and oldest cryptocurrency — and Bitcoin-based scaling service Lightning Network, the company posted on X on Thursday. Stablecoins are a $200 billion digital asset class with their prices anchored to an external asset, predominantly the U.S. dollar. They serve as a bridge between government-issued money and blockchain-based digital assets, and are increasingly popular for everyday uses like payments, savings and remittances, especially in…
DeepSeek Debut Sends Shockwaves Through Crypto
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
Czech National Bank advances Bitcoin study for possible reserves
The likelihood of a European central bank holding Bitcoin reserves has increased, despite European Central Bank President Christine Lagarde’s recent comments dismissing the asset as unsuitable. The Czech National Bank has approved a study to assess how Bitcoin (BTC) might serve as a reserve asset following a proposal from CNB Governor Aleš Michl. Previously, Michl argued hat the bank should diversify its investment portfolio and consider allocating funds to alternative asset classes, including Bitcoin. His proposal suggested allocating of the CNB’s €140 billion ($145.6 billion) in reserves to BTC. “Based…
BTC vs. XRP: Experts Warn of Concentration Risks in US Bitcoin-Only Reserve
Experts warn that a bitcoin-only reserve poses concentration risks and exposes the U.S. to potential volatility. Two experts urge the U.S. administration to diversify its crypto stockpile to build a resilient digital reserve and reduce systemic risks. Ripple vs. Bitcoin Maximalists The establishment of a bitcoin-only reserve poses concentration risks and exposes the U.S. to […] Original
Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means
Este artículo también está disponible en español. Bitcoin (BTC) has seen an impressive 8% surge since Monday, solidifying $100K as a strong support level. After weeks of volatility and uncertainty, BTC has now reclaimed key levels and is pushing toward an all-time high (ATH) retest. Investors and analysts alike are closely watching Bitcoin’s next move, as bullish momentum continues to build. Related Reading Top analyst Axel Adler shared insights revealing that Bitcoin continues to flow out of exchanges, a sign that long-term holders are accumulating. This trend is reducing available…
Bitcoin didn’t save Tesla — It just delayed the bigger problem
Bitcoin’s price surge helped Tesla mask deeper struggles, adding $600M to its earnings. But behind the numbers, falling demand, price cuts, and squeezed margins tell a different story. Bitcoin, the saviour Tesla’s latest earnings report on Jan. 29 was widely expected to disappoint. Auto sales had slowed, revenue came in below expectations, and operating costs continued to climb. But just as investors braced for weak results, an unexpected factor gave Tesla’s financials a sudden lift — Bitcoin (BTC). Thanks to a newly implemented accounting rule, Tesla’s Bitcoin holdings received a…
Bitcoin not suitable for ECB reserves, says Lagarde
European Central Bank president Christine Lagarde said the bank would not consider holding Bitcoin reserves, even as sovereign entities increasingly turn to the asset. A longtime Bitcoin (BTC) skeptic, Lagarde remained unmoved by the growing trend of using Bitcoin as a reserve asset to hedge against inflation as a reserve asset to hedge against rising inflation. During a Jan. 30 media conference, Lagarde said she was “confident that Bitcoin will not enter the reserves of any of the central banks of the General Council.” Lagarde’s opposition to Bitcoin and other…
Ross Ulbricht Wallet Woes: Accidental Transaction Tanks Pumpfun Coin By $12M
Ross Ulbricht, the founder of the notorious Silk Road marketplace, recently made headlines again—not for his controversial past or his pardon by former President Donald Trump, but for a staggering $12 million loss incurred while trading a memecoin on the platform Pump.fun. Ross Ulbricht $12 Million Mistake On January 29, Ulbricht, or an individual with access to his Solana wallet, reportedly attempted to manage liquidity for ROSS tokens, a meme coin created by his supporters to raise funds following his release. Ross Ulbricht received 50% of the total supply of…