Following the short-lived rally in the crypto market this week, Ethereum’s ratio against Bitcoin has climbed above its annual average. Newly emerged data suggest that Ethereum would need to reach approximately $9,600 to revisit its historical peak in the ETH/BTC trading pair. ETH/BTC Breakout According to CryptoRank’s latest observation, the ETH/BTC pair recently broke above…
The Bitcoin market is in a state of uncertainty, with signs pointing towards a potential sharp move in either direction. Traders are weighing both technical and geopolitical factors that could act as catalysts for a sudden shift in momentum. On-chain activities in the Bitcoin options market and the high-profile meeting between U.S. President Donald Trump…
The second most valuable cryptocurrency is seeing unprecedented wait times for both staking and unstaking, one of its most sought-after use cases. Members of the crypto community are aghast and actively discussing the potential reasoning for this bottleneck. A Fortnight’s Wait Ethereum’s Validator Queue, which serves as a gauge for determining interest in staking and…
There is a significant derivatives market shift on Binance as Bitcoin fell from $124K to below $118K. The exchange’s open interest (OI) plunged by 5% within hours, which means that many traders rapidly exited positions or closed leverage in reaction to the sudden price drop. Local Bottom Such a behavior reflects a swift change in…
Coinbase has officially completed its acquisition of Deribit, the world’s leading crypto options exchange, in a strategic move that significantly expands its derivatives trading capabilities. “This milestone marks a major step forward in our mission to build the most comprehensive, trusted platform for global crypto derivatives trading,” the firm said in a Thursday announcement. “We…
Around 40,000 Bitcoin options contracts will expire on Friday, August 15, and they have a notional value of roughly $4.8 billion. This expiry event is slightly larger than last week’s, but it is still unlikely to be enough to influence spot markets, which have notched all-time highs in terms of market capitalization this week. Bitcoin…
Tom Farley, the former president of the prominent New York exchange and now the CEO of Bullish, saw his new endeavor achieve impressive results following its public listing. The Peter Thiel-backed exchange is joining industry counterparts in a growing list of crypto corporations that are gaining access to traditional stock markets and indexes. Star Premiere…
Chainlink (LINK) has surged above $24 amidst increased activity and optimism seen across on-chain metrics. As the token rallied by almost 45% this week, investors now await more gains. $24 Isn’t the Ceiling In its latest tweet, crypto analytics firm Santiment reported 6,463 active LINK addresses, which marked an eight-month high. This milestone is accompanied by…
One of the seven countries in this region of Asia has unveiled an impressive accomplishment and has joined global peers to offer the leading crypto asset in a regulated manner. While nearby nations are behind in terms of adoption, they are making steps in the right direction. Region-First In a news outlet for Kazakhstan and…
A new entrant in the treasury race has emerged, closely tied to the crypto-friendly family of the US President. Already deeply entrenched via multiple entities and corporations, this latest endeavour is in its early stages. Dual Approach The publicly traded Thumzup Media Corporation, an advertising and social media company listed on the NASDAQ (TZUP), which recently…