CME bitcoin open interest rises

Open interest on Bitcoin Mercantile Exchange (CME) Bitcoin futures close to $ 2 billion. It rose steadily in August. This may indicate a growing interest of institutional investors in Bitcoin futures that may be used to hedge their exposure to BTC. Last week, legendary investor Bill Miller’s flagship fund, Miller Opportunity Trust, revealed in a… Continue reading CME bitcoin open interest rises

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Ether takes the lead

Ether’s share of cryptocurrency market capitalization has risen since 2019 and is currently just under 20%. Increasing market share could strengthen Ethereum’s position in the crypto ecosystem as one of the leading smart contract platforms. An analyst at Delphi Digital wrote in a blog post on Tuesday that if support is close to $ 3,500,… Continue reading Ether takes the lead

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Market Wrap: Ether Breaks Out as Bitcoin Lags

Ether, the second-largest market-capitalized cryptocurrency, appears to be ready to launch after breaking a month-long consolidation on Wednesday. Bitcoin, on the other hand, traded at around $ 48,600 at the time of the press, up about 3% in the last 24 hours, compared to an 8% increase in ETH over the same period. “Ethereum’s blockchain… Continue reading Market Wrap: Ether Breaks Out as Bitcoin Lags

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How NFTs Fit Into DeFi

However, interesting non-fungible tokens (NFTs) can be like new technologies. One of those psychic powers within the crypto space is that they are not considered regulatory securities. This frees markets such as OpenSea from the burden of becoming a registered broker. Missing obstacles are certainly an important structural factor underlying the current NFT madness. But… Continue reading How NFTs Fit Into DeFi

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Solana’s SOL Token Nearly Tripled

Solana’s SOL sign dominated the crypto market in August, and prices almost doubled as investors speculated on the rapid growth of “smart contract” blocks that could one day compete with Ethereum. According to data from Messari and other suppliers, the price of SOL tokens rose 195% to $ 108 in August and now has a… Continue reading Solana’s SOL Token Nearly Tripled

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Bitcoin Stuck in Sideways Chop

Bitcoin is declining on the daytime charts and continues to integrate for a week while buyers take a break. Cryptocurrencies are trading at around $ 47,500 at the time of printing and have fallen by about 2% in the past week. Initial support is estimated at around $ 46,000. As the bulls weakened in the… Continue reading Bitcoin Stuck in Sideways Chop

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Bitcoin’s Rangeplay Continues

Data tracked by the crypto intelligence platform OKLink shows that Ethereum burned 12,000 ETH on Tuesday. This is a daily record of coins destroyed since the implementation of EIP1559 on August 5th. Of the total number of destroyed coins, the NFT OpenSea market accounted for 2,000 ETH. The EIP 1559 has destroyed almost 40% of… Continue reading Bitcoin’s Rangeplay Continues

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Market Wrap

Bitcoin (BTC, 0.77%) fell below $ 48,000 on Tuesday as traders monitor the latest set of regulatory developments. Cryptocurrencies are trading at around $ 47,000 at the time of the press and have fallen by about 2% in the last 24 hours. The Central Bank of China reiterated concerns over cryptocurrencies that weigh on investor… Continue reading Market Wrap

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Tether Asks Court to Block NYAG From

The parent company of Stabloin Emissuer Chain and Crypto Exchange Bitfinex requests the Supreme Court of New York to Block Coindesk and other organizations to receive documents with details on the composition of reserves chain in recent years. The request was submitted yesterday by chain and Bitfinex lawyer, Charles Michael de Steppoe & Johnson, against… Continue reading Tether Asks Court to Block NYAG From

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