Cryptocurrency Analysis and News Portal
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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In a turn of events within the non-fungible token (NFT) market, Bitcoin (BTC) has achieved a significant milestone by surpassing Ethereum (ETH)
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According to real-world asset (RWA) monitoring platform RWA.xyz, the tokenized Treasury market surged to $698 million as of Monday from around $100 million at the start of the year. The expansion was spurred by new entrants into the space as well as from existing platform growth, Charlie You, co-founder of
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A grayed-out "airdrop" icon at the top of the Friend.Tech app suggests the platform will release a token. Source
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The South Korean cryptocurrency exchange Upbit overtook both Coinbase and OKX in terms of spot trading volume for the first time, according to data published on Aug. 3 from CCData. Spot trading volume on Upbit rose in the month of July by 42.3% up to $29.8 billion. Coinbase and OKX on
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One trader infamously took on a 50% slippage for getting out of their pepe position. Source
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The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar, in a push from the Beijing government to internationalize its currency
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NFT aggregator OpenSea Pro witnessed an increase in active addresses and transaction volumes after its launch this week, overtaking Blur, an NFT marketplace. The surge in numbers follows the announcement of OpenSea Pro’s new offering that targets professional NFT traders. OpenSea Pro marketplace has been able to dominate and take charge of
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Ethereum’s (ETH) layer-2 scaling solution Arbitrum (ARB) experiences unprecedented growth in anticipation of the ARB token airdrop. The Ethereum-based layer-2 scaling solution, Arbitrum, has reached an all-time high in daily transactions and unique wallets interacting with the network, according to Dune Analytics. This surge in activity comes just ahead of the
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Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols.According to data from DeFiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL, compared to
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