Open interest in Bitcoin (BTC) futures on the global derivatives giant Chicago Mercantile Exchange (CME) has reached $5.2 billion, $200 million less than the all-time high reached in late October 2021.Open interest in CME’s Bitcoin futures increased from $3.63 billion to $5.2 billion over the past 30 days, according to Coinglass data. The surge in open interest paralleled Bitcoin’s 26% rise over the same period, with Bitcoin currently trading at just over $44,000.CME’s Bitcoin futures open interest reached $5.2 billion on December 6. Source: CoinglassFrom October 1 to 21, 2021, CME’s Bitcoin futures open interest jumped from $1.46 billion to…
Author: Crypto Flexs
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Weekly Update #32December 5, 2023password trackingMark Collins & Demetrius TSEASregulation:Korea National Pension Fund invests $20 million in Coinbase stock: November 16th at the National Pension Service Korea’s National Pension Fund (NPF) is According to reports According to local media, nearly $20 million worth of Coinbase (COIN) stock was purchased in the third quarter. News 1. NPF said it is the world’s third-largest pension under management by 2023. $775 billion.New Zealand Dollar Fixed stablecoinStablecoins can also be privately issued cryptocurrencies or algorithms. Start live: New Zealand-based Easy Crypto launched on November 22nd NZDD Stablecoin, Issuer ECDD Company Ltd., linked one-to-one with…
Crypto.com’s Dubai entity grants VASP licenseCrypto.com’s Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Asset Service Provider (VASP) license by Dubai regulators and is awaiting approval to operate. The license allows the company to provide exchange, broker-dealer, lending and borrowing services to both retail and institutional investors.Regulatory cooperation in DubaiCrypto.com CEO Kris Marszalek expressed his expectation to work with Dubai regulators to contribute to the city’s cryptocurrency industry. He emphasized that Dubai is a leading market in designing effective regulations and emphasized the company’s commitment to operating within the regulatory framework.Dubai, a cryptocurrency-friendly destinationDubai has emerged…
Posted 1 minute ago In ~ Did we come early?This is a question that cryptocurrency market participants ponder during each cycle, as each cycle brings its own indicators of the end. The biggest sign for me personally was when I was in a barbershop in Los Angeles. A barber was explaining why he was moving all his coins from Coinbase to an exchange I had never heard of. In fact, in the general world, cryptocurrency buzz always seems like a good sign of a market bubble. Cryptocurrency seems great right now. As my friend Jim Greco said in a recent…
In a recent analysis titled “Limited Downside,” market experts at JPMorgan highlighted potentially positive developments in the cryptocurrency market following the recent correction phase. A prominent banking institution drawing insights from its comprehensive study of the CME Bitcoin futures contract suggests that the liquidation phase of long positions may have reached a conclusion. These observations lead them to be optimistic about the near-term cryptocurrency landscape and foresee only minor downside risks. Traders initially built these long positions in response to favorable developments in the cryptocurrency space. This included important factors such as the XRP legal ruling, positive expectations regarding the…
ARAX Holdings Corp., a renowned company in the field of digital asset management, announced on December 5 that it has acquired a portion of The Nemesis, an innovative open world metaverse platform.Ockert Loubser, COO of ARAX, said:“This acquisition is not just an investment. “This is our commitment to shaping the future of how we interact in the digital world.”ARAX said it had acquired a 20% stake in The Nemesis, adding that it also has an option to acquire an additional 11% stake in the company.As part of the deal, The Nemesis will deploy Core Blockchain, a platform from ARAX’s recently…
Ethereum price hit an 18-month high at press time. The recent price rise has made ETH price more volatile. Ethereum (ETH) price rose to its highest level in 18 months, sharing a statistically significant correlation with leading coin Bitcoin (BTC), which rose above $40,000. On December 4, BTC briefly traded above $42,000 for the first time since April 2022. These positive sentiments undoubtedly spread to the ETH market as the altcoin traded at $2,250 on the same day, a price level last recorded in May 2022. New highs, new problems In addition to the price rise, ETH’s open interest has…
We are excited to announce that Kraken now supports deposits and withdrawals. USD Coin (USDC) on optimism! funding USDC funding through Optimism is already underway. You can transfer USD Coin (USDC) to your Kraken account by going to: funding Select USDC. From here, use the drop-down box to select your preferred deposit method (network). optimism. Note: Kraken currently supports two versions of USDC: USDC.e and Optimism’s native USDC. Is USDC for Optimism? ⤵️ Here’s what you need to know about assets: USD Coin (USDC) It is a USD-based stablecoin backed by the US dollar. Transactions are faster and more cost-effective…
On-chain data shows dormant Bitcoin whales are recently becoming active again in a manner reminiscent of the 2021 bull market. Bitcoin whale, which has been sleeping for 10 years, is waking up In a new CryptoQuant Quicktake post, analyst Maartunn talked about the formation of a pattern in Bitcoin similar to what occurred during the last bull market of 2021. advertising The metric of interest here is the amount of Bitcoin moved from a blockchain that has been dormant for at least 10 years before the transaction occurred. 10 years is obviously a very long time, which is why…
The overall market capitalization of the cryptocurrency market surged past $1.55 trillion on December 5, driven by incredible weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ethereum (ETH). Notably, this milestone, which marked its highest level in 19 months, pushed Bitcoin past Meta’s market capitalization of $814 billion to become the world’s ninth-largest tradable asset.Despite recent strong momentum, analysts have observed that retail demand remains relatively stagnant. Some attribute this to the ramifications of an inflationary environment and lower interest rates on credit as interest rates remain above 5.25%. Analyst Rajat Soni’s post may have dramatized the situation,…