Wednesday, April 24, 2024
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Smart Money Eyes Market-Neutral Trades as ADA, AXS See Unusually Low Funding Rates

For instance, holding a short position (a bearish bet) in the perpetual futures market tied to Cardano's ADA and play-to-earn giant Axie Infinity's AXS token has become unusually costly, creating a window of opportunity for market-neutral traders to make attractive returns, according to Markus Thielen, head of research at strategy

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Ether Futures See Unusually High Liquidations as Funding Rates Point to Bearish Sentiment

According to Coinglass data, liquidations on bitcoin futures hovered at $54 million over the same period, with other major cryptocurrencies, such as solana (SOL) and avalanche (AVAX), seeing just over $3 million. Bitcoin (BTC) futures usually have the highest liquidations in the futures markets owing to their popularity and liquidity. Original

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Avalanche Crippled by Bug Triggered by Unusually High Volume, Engineer Says

An Ava Labs engineer gave a rundown of the small code bug that severely crippled the Avalanche blockchain last week. In a Sunday Medium post, blockchain engineer Patrick O’Grady wrote that increased congestion on the network triggered a “non-deterministic bug” related to how the high-throughput, proof-of-stake blockchain keeps track of transactions. Funds

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