Open interest is rapidly increasing as institutional investors use spot Bitcoin exchange-traded funds (ETFs) and the CME Bitcoin futures market for basis trading. “Spot Bitcoin ETFs have contributed to an 80% increase in open interest in the CME Bitcoin futures market year-to-date,” Gabriel Selby, senior research analyst at CF Benchmarks, told The Block.Selby added that this institutional investor activity could drive Bitcoin liquidity and “set the stage for a stronger, more interconnected market ecosystem.” Number of CME futures contracts recorded after spot ETF approvalAccording to CF Benchmark data, there are currently less than 18,000 short-term Bitcoin contracts on CME (with…
Author: Crypto Flexs
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In 2024, several altcoin projects have secured significant funding, demonstrating growing investor confidence in the cryptocurrency market. These initiatives are gaining traction due to their financial support and potential to drive innovation and efficiency in the industry. Largest altcoin fundraise Leading the way is Monad, which has raised $225 million. This new layer 1 blockchain is designed for speed and interconnectivity and boasts features such as 10,000 transactions per second, 1 second block time, and single slot finality. Monad’s EVM compatibility further enhances its appeal, positioning it as a significant player in improving blockchain efficiency and scalability. Berachain has also…
June 20th What is LayerZero (ZRO)? Post time: 12:32h education Maria Lobusova In the rapidly evolving multichain paradigm that makes up the Web3 ecosystem, LayerZero promises to be a new solution that can redefine the landscape of decentralized applications (DApps) and cross-chain interactions. LayerZero aims to solve important and ongoing challenges in interoperability in the blockchain space. Interoperability refers to the ability of different blockchain networks to communicate with each other, share data, and transfer assets across chains. This is very important in a multi-chain world where users transact on competing Web3 chains. LayerZero is not just a Web3 chain.…
Binance, one of the world’s leading cryptocurrency exchanges, has announced the next round of its ‘Learn & Earn’ program. According to Binance, this initiative allows users to gain knowledge about blockchain technology while earning cryptocurrency rewards by completing courses and quizzes.Program DetailsThe activity period for this round is from 09:00 UTC on June 20, 2024 to 09:00 UTC on July 4, 2024. During this period, KYC-verified users can participate and receive CVP rewards on a first-come, first-served basis. Users can earn rewards by reading articles, watching videos, and completing quizzes.Eligibility and ParticipationAll users with KYC…
Entertainment giant NBCUniversal has launched several blockchain-based projects. apartment Last year, we agreed to a long-term partnership with Aptos Labs to continue building fan experiences and games based on our IP across the network.The company shared this news exclusively. decryption On Thursday, it marked a multi-year alliance and “Aptos Labs has signed a “long-term strategic development agreement to support the media giant as it continues to explore blockchain-based apps, games and loyalty initiatives.”“Today’s media and entertainment landscape is changing rapidly. Fan experiences and preferences are driving change more than ever before,” said Greg Reed, vice president of technology partnerships at…
Ethereum price rose above $3,500 but struggled near $3,580. For ETH to move further into positive territory, the resistance at $3,650 needs to be cleared. Ethereum is consolidating gains below the $3,650 resistance zone. The price is trading above $3,500 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a short-term rising channel forming with resistance near $3,585. A break above the $3,600 and $3,650 resistance levels could provide bullish momentum. Ethereum price integration Ethereum price started a significant rise from the $3,350 support zone. ETH formed a base and broke above the…
TL;DR (concentrated takeaways)A crypto wallet passphrase is an optional feature that can be used in addition to your seed phrase to restrict access to your crypto wallet. The BIP-39 standard defines both the passphrase and the seed phrase.Passphrases offer extra security in the event that your seed phrase is exposed, or if someone else gains access to your hardware wallet. Passphrases also allow you to create multiple crypto wallets from a single seed phrase – in this way, you could even create a dummy wallet that would provide “plausible deniability” of your true holdings. If you lose your passphrase, you…
join us telegram A channel to stay up to date on breaking news coverage The price of Billy has surged 45% in the last 24 hours to $0.05644 as of 6:45 AM EST, with volume surging 232% to $45 million. Billy Price Trends Gradually Within Rising Channel BILLY price is currently in an upward trend and is attempting to break out above the rising channel. However, the progress was halted by resistance at the $0.07154 level, allowing the bears to push the price lower in a bearish trend within the channel. BILLYUSDT (Source: Dextools.io) Billy The market is showing signs…
Kronos (CRO), a leading blockchain ecosystem operated by Ethereum and Cosmos, recently announced a partnership with Exaion, a subsidiary of EDF, Europe’s largest power group. According to Cronos, through this collaboration, Exaion will join the Cronos EVM network as a validator node, further strengthening its commitment to participate in leading blockchain protocols.Exaion joins Cronos as a validatorExaion’s integration into the Cronos network is an important step toward improving the stability and security of the blockchain. Exaion will play a key role in decentralized transaction verification by becoming one of 32 validators for the open-source Cronos…
Bitcoin (BTC) is down more than 4% this week, indicating that bears are active near $70,000. However, Bitcoin investors seem to be viewing the decline as a buying opportunity. Market intelligence firm Santiment noted in X’s post that buying surged as Bitcoin fell to $66,600, but selling interest remained dormant.Even as Bitcoin tries to find a near-term bottom, Ethereum (ETH) is attempting to bounce back from its recent downturn, which saw it fall below $3,400 on June 14th. The low level of robust demand may be due to the anticipated launch of spot Ethereum exchanges. Exchange traded fund (ETF). Bloomberg…