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KLAY, the native token of the gamefi project Klaytn, has emerged as the top gainer among the top 100 cryptocurrencies as its open interest rises. KLAY is up by 22% in the past 24 hours and is trading at $0.181 when writing. Its market capitalization rose to around $590 million, making
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CME’s rise to the top suggests increasing institutional interest as the platform is a favorite among large traditional financial institutions. The Chicago Mercantile Exchange (CME) has surpassed Binance as the exchange with the largest Bitcoin futures open interest (OI) for only the second time in history. The first time was over two
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Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.A number of analysts highlighted the ‘flippening’ of Binance by CME, with the latter overtaking the global cryptocurrency exchange
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Binance Coin (BNB) has experienced a notable resurgence in the last few weeks, sparking a renewed interest in the cryptocurrency market. With
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Bitcoin’s open interest—the total number of outstanding derivative contracts that have not been settled—has surged to levels not seen in over six
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The conviction of Sam Bankman-Fried, the founder of FTX, who was charged with seven counts of fraud and conspiracy, has now capitvated the interest of Hollywood. The verdict came after a trial that lasted just over a month in federal court in New York City. Bankman-Fried had cheated investors and
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Defi lending platforms see a spike in stablecoin borrowing rates, signaling a market rebound with rising demand and potential arbitrage opportunities. The current bull market has triggered a resurgence for the defi sector, as interest rates for borrowing stablecoins have significantly increased across most defi lending services. The interest rates for borrowing
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The Securities and Futures Commission (SFC) of Hong Kong has issued two circulars to regulate digital asset tokenization.The circulars offer instructions to intermediaries participating in tokenized securities activities and outline the criteria for tokenizing investment products authorized by the SFC.The SFC considers tokenized securities as traditional securities with a tokenization layer. As
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The market expects the UK’s apex bank to hold off on increasing or decreasing interest rates even as economic data is falling. The Bank of England (BoE) is expected to hold UK interest rates on Thursday due to recorded price pressures and a decline in economic activity. At the moment, the
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The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the list of BTC futures exchanges.CME’s OI hit $3.58 billion earlier on Oct. 30, pushing the regulated derivatives exchange platform to jump two
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