Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Futures
Coinbase Reveals Futures on SHIB, AVA to Deepen Crypto Market Access
The post Coinbase Reveals Futures on SHIB, AVA to Deepen Crypto Market Access appeared first on Coinpedia Fintech News Coinbase is here to shake things up! In a strategic move to expand its product offerings, Coinbase has filed for regulatory approval from the Commodity Futures Trading Commission (CFTC) to offer futures on several altcoins, including SHIB and AVA. This initiative aims to enhance trading options and attract more institutional investors, with the new futures potentially launching as early as July…
11 months ago
HashKey Global Officially Launches Futures Trading, Pioneering a New Era in “Licensed Futures Trading”
Bermuda, Bermuda, June 19th, 2024, Chainwire Licensed digital asset exchange HashKey Global announces that it has received regulatory approval to officially launch its futures trading. In the initial phase, the platform will support BTC and ETH with the potential of up to 10x leverage. To celebrate the launch, HashKey Global will host a limited-time futures trading campaign and a "100% Invitation Rebate on Futures" event. Participants can earn HSK rewards by engaging in futures trading or by inviting friends to trade.…
12 months ago
Is Ethereum’s Price Under Pressure? Here Is What Futures Data Signals
Recent data from CryptoQuant has revealed a bearish phase for Ethereum (ETH), as futures traders exhibit strong selling activity. The crypto community closely monitors these developments, especially with Ethereum struggling to hold above the $3,500 mark, adding tension to an already volatile market. Ethereum Market Sentiments And Technical Indicators Data from CryptoQuant has shed light on the current market conditions for Ethereum, suggesting a potential continuation of the current downtrend. The analysis focuses on the ‘Taker Buy Sell Ratio,’ a…
12 months ago
XRP at a Crossroads: Price Consolidation Signals Market Uncertainty, Futures Traders Prepare for Rally
XRP shows bearish signs as Chaikin Money Flow (CMF) indicates a liquidity exit from the market. Also, most of the transactions involving XRP in the last seven days resulted in a loss with the daily ratio of XRP transaction volume displaying a reading of 0.97. Ripple’s XRP bearish sentiment continues as it struggles to break back into the $0.50 zone. At press time, the altcoin was trading at $0.49 after surging by 0.5% in the last 24 hours and declining…
12 months ago
Hedge Funds Bet Against Bitcoin with Record Short Positions on CME Futures
Hedge funds are ramping up their short positions against Bitcoin on the Chicago Mercantile Exchange (CME), even as spot Bitcoin exchange-traded funds (ETFs) enjoy a 19-day streak of inflows. According to Zerohedge, the Commodities Futures Trading Commission (CFTC) Commitments of Traders (COT) report revealed a significant increase and a new record high in Bitcoin hedge fund net shorts. Are Hedge Funds Bearish on Bitcoin? The data shows hedge funds increased their net short positions in CME standard Bitcoin futures contracts.…
12 months ago
Floki Inu Now Has Perpetual Futures on Coinbase As Mollars Token Presale Passes $1.4M — Massive Effects
The post Floki Inu Now Has Perpetual Futures on Coinbase As Mollars Token Presale Passes $1.4M — Massive Effects appeared first on Coinpedia Fintech News Floki Inu (FLOKI) token is the 56th most traded cryptocurrency on the market today. Priced at $0.000223, it’s seen a 616% growth on the year. It appears Coinbase has taken notice of that demand, adding the Shiba Inu-inspired memecoin to its perpetual futures contract listings. On X, Floki Inu shared a message about the listing…
1 year ago
Coinbase Boosts Shiba Inu: Trading Volume Surges Ahead of SHIB Futures Launch
Coinbase International will launch perpetual futures for Shiba Inu (SHIB) and other meme coins on May 30, 2024. Coinbase’s decision to introduce these instruments is a response to the growing interest in meme-based cryptocurrencies. Coinbase International will launch perpetual futures for Shiba Inu (SHIB) and several other meme coins on May 30, 2024. This move aims to enhance trading flexibility and strategies for institutional clients outside the U.S. @CoinbaseIntExch will add support for Bonk, FLOKI, and Shiba Inu perpetual futures…
1 year ago
SEC Passed ETH ETF Due To Correlation Between CME ETH Futures And Some Spot ETH Trading Platforms
The post SEC Passed ETH ETF Due To Correlation Between CME ETH Futures And Some Spot ETH Trading Platforms appeared first on Coinpedia Fintech News A recent post on X shared by Wu Blockchain reveals that the SEC passed the Ethereum spot ETF mainly due to the correlation between CME Ethereum futures and certain spot Ethereum trading platforms. Most of the SEC documents provide data evidence of high correlation, and the monitoring and sharing agreements of CME and others can…
1 year ago
BingX Announces To Launch A USDC Margin Futures Trading On Its Sixth Anniversary!
The post BingX Announces To Launch A USDC Margin Futures Trading On Its Sixth Anniversary! appeared first on Coinpedia Fintech News On the completion of its 6th anniversary, BingX, a cryptocurrency exchange has announced that it will launch a USDC margin future trading launchpool and launchpad. Further, it is planning to expand to new markets such as Vietnam, Turkey, and Argentina. The cryptocurrency platform is also planning to launch a documentary about whale and dolphin conservation to raise awareness about…
1 year ago