Open Interest (OI) refers to the total number of outstanding derivative contracts not settled for an asset. An increase in OI and a price increase typically indicate that new money is coming into the market. On the other hand, if the price rises but OI falls, the rally might be driven by short covering rather than new buying, potentially signaling a weaker trend. Source
“The SEC shall confer with Sprague [Steven Sprague, CEO of Rivetz] and file a proposed judgment for injunctive and monetary relief on or before October 22, 2024,” Mastroianni said. “Sprague shall file any objections to the proposed judgment on or before November 5, 2024.” Source
If bitcoin follows historical patterns post halving a rally could start between now and April, the broker said. Source
With creditor approval secured, the next step is for the bankruptcy court to confirm the reorganization plan. A hearing is set for Oct. 7. Potential challenges remain, however, including possible objections from the U.S. Securities and Exchange Commission regarding the use of stablecoins for repayments, as previously reported. Source
“With its young, mobile-first and digital wallet ready population, the Asia Pacific region is ahead of the curve when it comes to digital asset adoption,” said Chief Business Officer for Circle Kash Razzaghi. “We are excited to work with MHC Digital to pave the way for a new era in digital finance in Australia and beyond.” Source
“I’m really excited to take on this new mandate and to accelerate our mission of bringing a billion people and a million builders on-chain,” he said on a post on X. “Coinbase Wallet will continue to work across the entire onchain economy, and we’ll start the work of embodying the other Base values in even more ways.” Source
EigenLayer’s native token (EIGEN) is now transferrable and has been trading at a fully diluted value of TK TK TK on perpetual exchange Hyperliquid. Source
Jerry Brito, the founding executive director of the venerable-for-crypto advocacy and research organization Coin Center will step down by the end of the year, he wrote in a post on the group’s website, adding that he’ll be retaining a board seat. Source
In traditional finance, when one deposits money into a savings account, one can expect a reliable ROI from providing liquidity to the institution. But banks carry an implicit trust, whether through consumer protections or centuries of experience in managing assets and navigating volatile markets. DeFi platforms don’t have that same degree of investor confidence. Most DEXs, simply put, don’t have the experience to capture value from their liquidity successfully. Source
Decentralized AI gives us a path to trusting the agents that will soon populate our digital lives, says Marko Stokic, head of AI at Oasis. Source