Tag: Trading

Burn Rate Surges 16,854%, Trading Volume Rises 170%

boss

Shiba Inu (SHIB) has begun July on a positive note, with several on-chain metrics painting a bullish signal for the second-largest meme coin by market cap. These bullish developments could provide the much-needed turnaround for the meme coin, which had a June to forget.  SHIB’s Burn Rate Surges By 16,854% Data from the burn tracking website Shibburn shows that Shiba Inu’s burn rate spiked by over 16,854% in the last 24 hours, with over 300 million Shiba Inu tokens burned during this period. This is massive for the meme coin,…

Horizon Protocol Launches Perpetual Futures, Delivering an Unparalleled Trading Experience

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

Bitcoin Weekend Trading Volumes Plunge To Record Lows

boss

Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend trading, once a notorious breeding ground for volatility, has been especially significant in the cryptocurrency landscape. However, a recent report by Kaiko reveals a not so rosy picture – BTC weekend trading volumes have plunged to historic lows, potentially marking a new era dominated by institutional weekday warriors. Related Reading Bitcoin Trading Activity Takes A Nap Kaiko’s data is straightforward: Bitcoin weekend trading activity has shrunk dramatically, dropping from a high of 28% in…

Solana Trading Plunges 93% In 24 Hours: $100 Billion Vanishes

boss

Solana has been thrown into a tailspin after a shocking revelation: its daily stablecoin volume may have been significantly inflated. Reports indicate a staggering drop – from a dizzying $75-100 billion to a mere $7 billion in a 24-hour period. This dramatic shift has unsettled the crypto community, raising serious questions about the legitimacy of Solana’s past performance and its future as a DeFi powerhouse. Related Reading Wash Away The Hype: Inflated Figures Or Fabricated Reality? Market sentinels are pointing fingers at wash trading, a manipulative practice where investors essentially…

State Street, Galaxy Digital to Develop Active Crypto Trading Products

State Street Global Advisors, a unit of financial services giant State Street (STT), filed an application with the U.S. Securities and Exchange Commission (SEC) to register a crypto-based fund called the SSGA Active Trust. Galaxy will be responsible for the day-to-day management of the fund’s investments, according to the filing. The company is affiliated with Galaxy Digital (GLXY), a financial services company that specializes in digital assets. Source

Ethereum Set For $5,000? ETH Open Interest Expanding On CME Ahead Of Spot ETFs Trading

boss

Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it is highly likely that the “big money” is accumulating ETH,…