Derivatives giant Chicago Mercantile Exchange's (#CME) regulated #bitcoin (#BTC) and #ether (#ETH) futures saw record participation from large traders in the second quarter.
The number of large open interest holders, or entities holding at least 25 bitcoin futures contracts, averaged a record 107 in the second quarter, the CME said in an email to CoinDesk. Ether's so-called large open interest holders averaged 62 through the second quarter.
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The number of large open interest holders, or entities holding at least 25 bitcoin futures contracts, averaged a record 107 in the second quarter, the CME said in an email to CoinDesk. Ether's so-called large open interest holders averaged 62 through the second quarter.
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The #GDP likewise had little impact on market expectations for where Fed policy would go at the next interest rate decision point in September.
On the day, odds of rates pausing at their current 5.25-5.5% stood at 76%, with a 24% likelihood of another 0.25% hike, according to #CME Group’s #FedWatch Tool.
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On the day, odds of rates pausing at their current 5.25-5.5% stood at 76%, with a 24% likelihood of another 0.25% hike, according to #CME Group’s #FedWatch Tool.
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#Crypto markets have become more concentrated over the past three years, with the bulk of trading activity in 2023 happening on just one exchange — #Binance, according to #kaiko.
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👉 Both #BTC and #ETH have seen a decline in 90-day realized #volatility this year.
📈Currently, its volatility levels are hovering around two-year lows.
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📈Currently, its volatility levels are hovering around two-year lows.
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Monthly delivery is just around the corner and volatility has dropped to historic lows this month, with Dvol already approaching 35%.
Every summer is a period of relatively low volatility and this year is no exception, but the historical trend suggests that current levels of low volatility will not last much longer and that the market is always finding new hot spots.
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Every summer is a period of relatively low volatility and this year is no exception, but the historical trend suggests that current levels of low volatility will not last much longer and that the market is always finding new hot spots.
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For the next few days we may have a trend reversal change for Bitcoin.
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From: rubikkav.nft
#MakerDAO recently increased DAI's savings rate to 3.19%, marking DAI as the only top-5 stablecoin offering an on-chain "risk-free rate." Users can tap into this yield by depositing DAI into the DAI Savings Rate (DSR) module. This help incentivize the usage and adoption of DAI within the crypto ecosystem.
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#MakerDAO recently increased DAI's savings rate to 3.19%, marking DAI as the only top-5 stablecoin offering an on-chain "risk-free rate." Users can tap into this yield by depositing DAI into the DAI Savings Rate (DSR) module. This help incentivize the usage and adoption of DAI within the crypto ecosystem.
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From: rubikkav.nft
Stablecoins have benefitted significantly from the bear market. As interest rates have increased from 0% to 5.5%, revenues for centralized stablecoins have been growing quickly.
In particular, Tether stands out, accumulating almost $1.5B in net profit in the first quarter of 2023. These profits are on track to be even larger in Q2 and Q3 as the amount of Tether issued continues to grow.
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Stablecoins have benefitted significantly from the bear market. As interest rates have increased from 0% to 5.5%, revenues for centralized stablecoins have been growing quickly.
In particular, Tether stands out, accumulating almost $1.5B in net profit in the first quarter of 2023. These profits are on track to be even larger in Q2 and Q3 as the amount of Tether issued continues to grow.
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From: rubikkav.nft
#Dogecoin's price jumped 10% to a daily high of 0.0778 following Twitter's rebrand to X, outperforming the majority of the other crypto assets.
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#Dogecoin's price jumped 10% to a daily high of 0.0778 following Twitter's rebrand to X, outperforming the majority of the other crypto assets.
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From: rubikkav.nft
While stocks rose on the week, earnings reports have been mixed. Big banks had mostly positive results, which some analysts believe may be a sign that the economy remains strong overall.
Elsewhere, regional banks had a more volatile week, with some key players reporting profit misses. However, despite the collapse of several banks earlier this year, most analysts aren't reading these earnings reports as evidence of crisis.
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While stocks rose on the week, earnings reports have been mixed. Big banks had mostly positive results, which some analysts believe may be a sign that the economy remains strong overall.
Elsewhere, regional banks had a more volatile week, with some key players reporting profit misses. However, despite the collapse of several banks earlier this year, most analysts aren't reading these earnings reports as evidence of crisis.
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Last summer, West Texas oil bubbled up past $120 per barrel. Since then, oil prices have seeped lower, and are now trading below $80 per barrel.
That has played a big role in bringing energy costs and the rate of inflation down.
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That has played a big role in bringing energy costs and the rate of inflation down.
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From: rubikkav.nft
#ETH continued to see block trade today, with 137,000 block calls traded with a notional value of over $250 million, accounting for 55% of the day's total volume.
Volume was concentrated on Dec. 29 year-end #OTM calls and was dominated by short buys, with another small share in calendar spreads and risk reversals.
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#ETH continued to see block trade today, with 137,000 block calls traded with a notional value of over $250 million, accounting for 55% of the day's total volume.
Volume was concentrated on Dec. 29 year-end #OTM calls and was dominated by short buys, with another small share in calendar spreads and risk reversals.
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📈 #XRP #Ripple volatility has skyrocketed to its highest level in two years, currently more than double that of #ETH, according to #kaiko.
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Long-term holders are persistently accumulating #Bitcoin.
The amount of $BTC held by short-term holders (<12 months) is currently lower than before the 2021 bull run and continues to decline. A surge in short-term holders has often coincided with rising #BTC prices.
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The amount of $BTC held by short-term holders (<12 months) is currently lower than before the 2021 bull run and continues to decline. A surge in short-term holders has often coincided with rising #BTC prices.
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Over the past two weeks, #Chainlink price has climbed steadily, yielding more than10% gains for holders. LINK’s price rally is likely powered by whale accumulation and large volume transactions by wallets in the Chainlink network.
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From: rubikkav.nft
The #openinterest for the options expiry on July 28 is $2 billion.
Still, the actual figure is expected to be lower because some bullish traders anticipated price levels of $31,000 or higher.
This excessive optimism stemmed from #Bitcoin trading above the resistance level from July 13 to July 24.
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The #openinterest for the options expiry on July 28 is $2 billion.
Still, the actual figure is expected to be lower because some bullish traders anticipated price levels of $31,000 or higher.
This excessive optimism stemmed from #Bitcoin trading above the resistance level from July 13 to July 24.
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#BTC and #ETH dominate the crypto currency landscape, accounting for approximately 61% of the sector’s market cap.
Since December 2017 when BTC futures were launched, the correlation between the two crypto assets has been very high.
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Since December 2017 when BTC futures were launched, the correlation between the two crypto assets has been very high.
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With EthCC6 in the books, it’s a good time to view the Ethereum ecosystem through a wide-angle lens.
Despite significant hurdles in the past year, the total value secured on-chain between ETH and major ERC-20 tokens stands at $350B, below all-time highs but still 9x above July 2020 levels.
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Despite significant hurdles in the past year, the total value secured on-chain between ETH and major ERC-20 tokens stands at $350B, below all-time highs but still 9x above July 2020 levels.
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The Chainlink Cross-Chain Interoperability Protocol (CCIP) is a protocol that provides a unified interface for dApps and web3 devs to securely manage cross-chain operations.
CCIP is designed to address the interoperability challenge among different blockchain networks, enabling seamless communication and asset transfer.
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CCIP is designed to address the interoperability challenge among different blockchain networks, enabling seamless communication and asset transfer.
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For Uniswap, the leading decentralized exchange in DeFi, trading volume and active addresses have historically been correlated with each other.
However, in July 2022, a notable divergence occurred. Compared to July 2022, the daily average Uniswap volume dropped by 43%, from $1.22B to $695M.
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However, in July 2022, a notable divergence occurred. Compared to July 2022, the daily average Uniswap volume dropped by 43%, from $1.22B to $695M.
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Bitcoin fell 2.0% on the week as the asset remains largely rangebound following the spot ETF enthusiasm-driven rally in mid-June.
The next catalyst to drive price one way or the other may come in the form of information from the ETF applications, the next of which is due technically on August 13th, but given the day of the week, Sunday, will likely come by the Friday before.
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The next catalyst to drive price one way or the other may come in the form of information from the ETF applications, the next of which is due technically on August 13th, but given the day of the week, Sunday, will likely come by the Friday before.
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