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On Deribit, one options contract represents 1 BTC and 1 ETH. The exchange controls more than 80% of the global crypto options market. Options give traders the right to buy or sell the underlying asset, in this case, bitcoin, at a specific price, known as a strike, by a stated
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Banking sector stress strengthens the case for Fed pause next week. Likely beneficiaries from the financial stress are gold and bitcoin, one observer said. Source
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As such, data suggests the price action was spot driven. As of Tuesday, open interest on futures remained below Mar. 9 levels, when bitcoin traded above $23,500, even as bitcoin retraced all losses – implying the price action was led by investors purchasing bitcoin instead of being futures driven. Source
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USDT’s market capitalization has grown some $5.3 billion this year so far to $71.6 billion, with $3 billion of the gains after mid-February. Circle’s rival stablecoin, USD Coin (USDC), has also gained $3 billion since the Paxos announcement; however, its $44 billion market cap is still lower than at the
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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Sara Gherghelas, blockchain research analyst at DappRadar, told CryptoX that while Blur is overtaking market share and challenging the historically leading NFT marketplace OpenSea, the marketplace isn’t bringing new traders into NFTs. While OpenSea is targeted towards retail traders, Blur’s focus on professional traders may be raising trading volumes, not
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
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The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 16, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Oil and gas major Shell recently reported its highest-ever profit inflow of approximately $40 billion for 2022.Shell (LON: SHEL) has posted its highest-ever annual profit of $40 billion, which comes in the company’s full-year 2022 earnings report. On Thursday, the British multinational oil and gas firm reported adjusted earnings of $39.9
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On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022. CoinShares reported that the sector’s total assets under management rose to $28 billion, a 43%
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