This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF […] Source CryptoX Portal
The liquidations came as bitcoin (BTC) slid more than 11% in the past 24 hours, while ether plunged as much as 25% before slightly recovering. TradingView data shows this was the worst single-day price fall for ETH since May 2021, when prices dumped from over $3,500 to $1,700. TradingView’s daily candle shows performance for UTC 00:00 to 23:59. Source
July 25: BitcoinOS, a network of Bitcoin-based rollup chains, has verified the first-ever zero-knowledge (ZK) proof on Bitcoin’s mainchain. ZK cryptography is looked to as a key technology for scaling blockchain throughput and usefulness, but the tech is complicated and computationally intense – meaning it was unclear if or when it would make its way to the comparatively bare-bones Bitcoin network. According to the BitcoinOS team, “This is the first permissionless upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork.” Bitcoin can…
The so-called open interest or the number of active bets in standard ether futures rose to a record of 7,661 contracts, equaling 383,650 ETH and $1.4 billion in notional terms, the exchange said in an email to CoinDesk. The previous peak of 7,550 contracts was set one month ago. The standard contract is sized at 50 ETH. Source
Open interest in XRP-tracked futures has nearly doubled over the past seven days, which is indicative of traders’ expectations of price volatility ahead. Source
Robinhood is reportedly considering offering cryptocurrency futures in the U.S. and Europe, but no official launch date has been announced yet. Bloomberg News reported on Tuesday that Robinhood is considering offering cryptocurrency futures in the U.S. and Europe in the coming months. The app for trading without commission aims to utilize the licenses of Bitstamp, a crypto exchange it plans to acquire in a $200 million deal set to close next year. Robinhood plans to introduce Bitcoin (BTC) and Ether (ETH) futures based on CME in the U.S. However, they…
PRESS RELEASE. Horizon Protocol’s Futures is a decentralized perpetual futures exchange that sets itself apart from other decentralized exchanges (DEX) by offering low fees, deep liquidity, and zero slippage with lightning speed. The exceptional trading UX provides traders with one of the smoothest and fastest on-chain trading experiences ever. Horizon Protocol makes trading the real-world […] Source CryptoX Portal
B3, the Brazilian stock exchange, is considering extending its native cryptocurrency trading options to offer ether futures contracts to its customers. The exchange, which has been a pioneer in Latam offering crypto-related trading products, would be focusing on institutional investors who want to diversify their traditional or crypto portfolios with more options. Brazilian Stock Exchange […] Source
Binance Coin (BNB) price has suffered a harsh reversal this week as sentiment in the crypto and stock industries worsened. The BNB token dipped to a low of $600 on Tuesday, down from an all-time high of $724. Binance Coin token sold off this week as investors embraced a risk-off sentiment following last week’s strong nonfarm payrolls (NFP) data. The downturn coincides with Bitcoin gravitating towards the $65,000 level while Ethereum dipped below $3,500. The total market cap of all digital coins crashed by over 3% in the past 24…
Recent data from CryptoQuant has revealed a bearish phase for Ethereum (ETH), as futures traders exhibit strong selling activity. The crypto community closely monitors these developments, especially with Ethereum struggling to hold above the $3,500 mark, adding tension to an already volatile market. Related Reading Ethereum Market Sentiments And Technical Indicators Data from CryptoQuant has shed light on the current market conditions for Ethereum, suggesting a potential continuation of the current downtrend. The analysis focuses on the ‘Taker Buy Sell Ratio,’ a key indicator of market sentiment in the futures…