Ethereum’s Open Interest (OI) on Binance has surged to a record $8.7 billion, which indicates a significant increase in speculative positioning on the platform. This represents a dramatic rise compared to the 2021 bull market, when ETH traded at similar price levels but OI on Binance peaked at only $2.5 billion. Ethereum’s Market Is Heating…
Hester Peirce, aka ‘Crypto Mom,’ made the remarks in a speech on “Financial Privacy in the Digital Age” at the Science of Blockchain Conference on Monday. Peirce used a “peanut butter and watermelon” anecdote to illustrate the value of disintermediation or removing intermediaries from processes, in this case, finances. The pro-crypto commissioner was critical of…
The White House order will involve banks being fined if they drop customers for political reasons or discriminate against digital asset firms and organizations. The executive order directs bank regulators to investigate whether any banks or financial institutions might have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws, reported The…
For the first time in 15 weeks, digital asset investment products saw net weekly outflows $223 million. The week started on a high note as $883 million poured in. Momentum, however, reversed sharply following the FOMC’s hawkish stance and strong US economic data. Despite Friday’s weaker payroll numbers hinting at a more dovish Fed approach,…
One of the leaders in the liquid staking scene has undergone a cutback in its workforce necessary to fuel further development. It is unusual for such events to occur when the markets are booming, but it is sometimes inevitable. Toning Down for Sustainability One of the co-founders of the Ethereum staking protocol, Lido, Vasiliy Shapovalov, shared…
Ethena’s synthetic dollar stablecoin, USDe, has seen impressive market growth in recent weeks. Its market cap now stands at $9.3 billion. Over the past month alone, it increased by 75%, with a weekly jump of 24%. USDe Growth Signals Strong Investor Appetite Since July 18, yield-bearing stablecoin USDe has recorded the largest rise in supply…
Coinbase CEO Brian Armstrong has responded to the backlash surrounding the company’s latest advertisement for the UK market. He clarified that the video was not intended as a political statement, but rather as a reflection of the deeper issues within the traditional financial system. The Controversial Campaign The U.S.-based exchange recently posted an advertisement on…
A newcomer to the DeFi lending space was targeted, and a weakness was exploited, resulting in the loss of millions. This is yet another addition to the already substantial amount of crypto losses for the current year. Another Day, Another Loss The on-chain security and data analytics company Peckshield stated earlier today on X that the money…
Bitcoin (BTC) dropped sharply to the $112,000 level over the weekend, triggering more than $1.5 billion in liquidations on Binance, with negative funding rates signaling extreme bearish sentiment. The latest sell-off, fueled by macroeconomic fears and ETF outflows, has left retail traders panic-selling near local lows, a pattern market watchers say often comes before a…
As bitcoin (BTC) hovers around $114,000, some financial market experts are hoping that it will drop below the $100,000 price mark this month. This way, they can accumulate even bigger bags of the apex cryptocurrency. Renowned author Robert Kiyosaki is one of those nurturing this idea. He noted in a recent tweet that he expects…