Tag: Futures

Ethereum Futures Market Points To Potential Breakout—Here’s What You Need To Know

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

GMX price stalls as crypto perpetual futures volume retreats

GMX token remained flat on Tuesday, Sept. 24, as most cryptocurrencies continued consolidating and volume in its ecosystem retreated. GMX (GMX) was trading at $25.2, slightly above this month’s low of $21.55. It has risen by over 44% from its lowest level this year, bringing its market cap to over $244 million. GMX, one of the leading players in the on-chain perpetual futures industry, has seen its volume decline in recent weeks. Data from DeFi Llama shows that the exchange handled over $144 million in the last 24 hours and…

Analyst Warns Of Short Squeeze As Bitcoin Futures Market Heats Up

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin (BTC) Prices Near $64K as BTC Futures Attract Billions; BoJ’s Hike Pause Bumps Risk Assets

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Traders said macroeconomic data suggests optimism for riskier bets, such as bitcoin, in the coming months. “The US 2Y/10Y treasury spread, an indicator of recession, has been inverted since July 2022 but has recently steepened to +8bps,” QCP Capital traders said in a market broadcast Friday. “This reflects market optimism and a shift towards risk-on assets.” Original

Decentralized Crypto Exchange dYdX to Offer Perpetual Futures on Prediction Markets, dYdX Foundation CEO Says

Prediction markets allow investors to place bets on the outcome of specific events, ranging from sports, financial asset prices, political events and even the weather, using financial incentives. Perpetuals are futures-like derivatives contracts without an expiry date, allowing market participants to hold positions as long as they see fit. Source BitcoincryptoexchangeExchanges CryptoX Portal

Vaneck Reveals Plans to Close Ethereum Futures ETF

On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell their shares before delisting. Vaneck to Wind Down Ethereum Futures ETF According […] Source BitcoincryptoexchangeExchanges CryptoX Portal

CME launches small Bitcoin ‘Friday Futures’ to attract retail investors

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CME Group is set to introduce a new Bitcoin futures contract, dubbed Bitcoin Friday futures, on September 30, pending regulatory approval. These smaller-sized contracts are designed to attract retail investors who may find existing offerings or the price of Bitcoin (BTC) too large and expensive.  Priced at one-fiftieth of a Bitcoin, Bitcoin Friday Futures — or BFF contracts — will be cash-settled, meaning they won’t settle in crypto. They will expire every Friday, providing traders with a more accessible and flexible option for managing their Bitcoin exposure, according to a…