Lately correlated nearly 1:1 with broader equity markets , cryptocurrencies were ahead 3.2% after nearly a week of declines that saw bitcoin (BTC) fall to as low as $24,000. At current press time, the largest crypto is selling for $30,300. Ether (ETH) added 2.2% in the past 24 hours to trade above $2,000, with similar gains for Avalancheโs AVAX, BNB Chainโs BNB, and Dogecoin. Source
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B3, the Brazilian Stock Exchange, confirmed that within 6 months it intends launch its first official product aimed at the cryptocurrency market โ Bitcoin futures trading. The group’s chief financial officer, Andrรฉ Milanez, made the announcement during a conference call on Monday. Milanez did not provide many details on how the product will work. It is not yet known if B3 will form a partnership or if it will offer Bitcoin futures trading directly, but the timeline for launching this product was stated to be relatively short. “We plan to…
Amid collapsing Terra networkโs cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services. Binanceโs derivatives arm Binance Futures has delisted coin-margined LUNA perpetual contracts, the firm officially announced on May 12. โUsers are advised to close any open positions prior to the delisting time to avoid automatic settlement,โ the statement by the platform reads. Binance Futures has also started conducting automatic settlements on the contracts, reducing the leverage tiers and updating margin tiers for coin-margined LUNA perpetual contracts. As such, the 8x leverage tier is…
Losses exceeded $1.2 billion in the past 24 hours, the highest so far this year. They came as major cryptocurrencies saw steep drops: Bitcoin fell 11%, BNB Chainโs BNB lost 26%, and Solanaโs SOL lost 37%. Terraโs LUNA fell out of the top ten cryptos by market capitalization to the 81st rank โ it fell 96% in the past 24 hours to under 40 cents. Source
Some 58% of LUNA traders were betting on higher prices even as the tokens fell yesterday. Source
Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000 for the first time since July 2021. Data from on-chain analytics firm CryptoQuant showed exchange reserves start increasing as panic gripped crypto markets. BTC flows back to exchanges After seeing a sustained downtrend, the amount of BTC on major exchanges has begun to increase again. According to CryptoQuant, which tracks the balance of 21 major exchanges, sellers sent a total of 37,537 BTC to accounts from May 6 to May 9 inclusive. The deposits came as BTC…
Over the past year, the trading volume of futures had surged. Thanks to the crypto bull of 2021, a wide range of decentralized projects have flourished, which has catalyzed the growth of the futures market. As the crypto bull advanced, the futures market remained popular throughout 2021. Right now, it has even surpassed the spot market and become the mainstream investment choice among crypto users. Meanwhile, the trading volume of futures has reached new highs despite the switch to a bear market. Earning multiplied returns by trading futures is one…
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The United States Securities and Exchange Commission (SEC) has given the green light to Valkyrieโs futures exchange-traded fund (ETF) application. This represents another ETF that has been approved by the SEC, which has previously accepted futures ETFs, butย no sign of spot ETFs yet. According to the SEC document published Thursday, the application was filed under the Securities Exchange Act of 1934 using a 19b-4 form, the same law that spot Bitcoin (BTC) ETF prospects are relying on โ albeit with little success thus far. Last month, the watchdog gave the…