Since early February, open interest in ether perpetual futures has surged on major centralized cryptocurrency derivatives exchanges. Open Interest ETH +0.23% Currently, futures on various exchanges are More than $10.1 billion, according to Coinglass.The total number of outstanding perpetual futures contracts on Ethereum on the Deribit cryptocurrency derivatives exchange has reached an all-time high. Deribit’s open interest currently stands at over $690 million, according to data.A perpetual contract is a type of futures contract with no expiration date, allowing traders to hold positions indefinitely.An increase in open interest indicates a higher level of trading activity and participation in Ether derivatives.…
Author: Crypto Flexs
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Phuket celebrates successful completion of landmark B2GC – Chainwire housenewsroomPhuket celebrates successful completion of landmark B2GC We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate purpose of…
that much bitcoin price At the time of writing, it remains trading at $52,246.31, down 0.3% from the same time yesterday. However, the weekly gains achieved by Bitcoin are not negligible.Bitcoin It’s up 12% since this time last week and has seen a significant rebound in average weekly volume. Year to date (unsurprisingly), BTC has recorded an average trading volume of $36.4 billion, the highest since the beginning of the year, in the week that the 10 spot Bitcoin ETFs began trading.Trading volume declined in the weeks that followed as traders unloaded billions of dollars worth of GBTC stock amid…
The world of gaming is undergoing an evolution that is blurring the lines between enjoyment and asset ownership. Non-fungible tokens (NFTs) are here, giving players the right to own in-game items and opening up the possibility of earning rewards. With this rapid revolution, there are certain markets that will grow exponentially. This is the NFT game market. NFT game market. According to a recent survey conducted by HTF Market Intelligence, the global NFT game market is expected to grow at a tremendous compound annual growth rate (CAGR) of 32.50% from 2024 to 2030. A variety of factors are driving this…
With the emergence of cryptocurrencies in recent years, new coins and tokens are constantly appearing on the market. One of the coins that has been attracting attention recently is ConSpiracy Coin. But what exactly is ConSpiracy Coin and is it worth investing in? What is a conspiracy coin? ConSpiracy Coin is a decentralized cryptocurrency that claims to provide a secure and anonymous way to transact online. It is built on blockchain technology, similar to other popular cryptocurrencies such as Bitcoin and Ethereum. The coin’s creators claim that it prioritizes privacy and security, making it an attractive option for those who…
Interest in Avascriptions has led to an increase in transactions. The supply of active addresses and stablecoins on the blockchain has decreased. Moving up 11 spots from 20th to 9th by market capitalization is just one of the landmarks for Avalanche (AVAX) in the fourth quarter of 2023. During the same period, blockchain has also seen growth in other aspects. But that doesn’t mean there weren’t pitfalls. AMBCrypto’s assessment of the fourth quarter report prepared by blockchain research firm Messari found that Avalanche’s daily transactions increased by 450%. The report noted that the introduction of Avascriptions was responsible for this…
Ethiopia has officially announced its foray into Bitcoin mining, joining the growing list of countries that have integrated cryptocurrency mining into their national economic strategies. The development was achieved through a partnership between the Ethiopian government and Data Center Service PLC, a subsidiary of Hong Kong-based West Data Group. This collaboration is part of a significant $250 million data mining project announced in the country. Ethiopia Joins BTC Mining Circle Kal Kassa, Hashlabs Mining’s Ethiopian CEO, confirmed the plan: “It’s official! The Ethiopian government plans to mine Bitcoin through a partnership with Data Center Service PLC… “This partnership will target…
The Starknet Foundation’s strategic airdrop of 1.8 billion STRK tokens aims to drive network growth and user engagement amid concerns about airdrop farming by talented participants. Qualifications focus on rewarding Ethereum developers, users, and community contributions. Starknet, an Ethereum layer 2 scaling network, is making headlines with its plans to distribute 1.8 billion STRK tokens to community members and stakeholders. This move is part of a broader strategy to drive adoption, reward past and future contributions, and promote decentralized finance (DeFi) activity on the network. The Starknet Foundation has allocated 900 million STRK tokens to a regulatory committee dedicated to…
Bitcoin recently posted a double-digit rally, defying the strength of the dollar index and Treasury yields.
Ethereum price is showing bullish signs above the $2,720 support line. ETH is looking for further gains and may surge towards the $3,000 resistance zone. Ethereum is consolidating gains above the $2,780 support area. The price is trading above $2,800 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows two bullish trend lines forming with support at $2,825 and $2,780. The pair may continue to rise towards the $3,000 resistance zone. Ethereum price gains more. Ethereum price rose above the $2,750 pivot level. ETH bulls were able to push the price above the…