Major cryptocurrencies, including bitcoin BTC$117,123.32, ether (ETH), XRP XRP$2.7757, solana SOL$198.37 and others, are trading on the front foot following Wednesday’s interest-rate cut by the Federal Reserve. Still, some analysts are maintaining a cautious bias. “The Fed rate cut gave crypto a near-term lift, but the rally is not yet clean,” Timothy Misir, head of … Read more
Derivatives exchange Cboe said it plans to introduce “Continuous futures” for bitcoin BTC$111,509.01 and ether (ETH) on Nov. 10, pending regulatory clearance. The products are designed to resemble perpetual futures contracts popular on offshore exchanges, but with modifications to fit U.S. regulatory structures. Unlike traditional futures, which expire monthly or quarterly, Cboe’s new contracts will … Read more
Crypto exchange Coinbase is set to roll out a futures product tracking the top US tech stocks, crypto exchange-traded funds, and its own shares to offer exposure to equities and crypto in a single contract. Coinbase Derivatives said on Tuesday it’s launching the “Mag7 + Crypto Equity Index Futures” on Sept. 22, which will track … Read more
The crypto market is down today, signaling risk aversion ahead of the U.S. core PCE inflation data release, which could influence the Federal Reserve’s path on interest-rate cuts. The CoinDesk 20 Index, a measure of the broad market, has dropped 3.6% in the past 24 hours, with all but one member lower over that period. … Read more
Binance, the world’s largest crypto exchange by volume, restarted futures trading after a brief outage caused by a “system issue” affecting its Unified Margin (UM) product. “The issue affecting Futures UM trading on Binance has been resolved. All futures trading is now fully operational,” Binance said in a post on X. The outage left traders … Read more
The CME’s regulated ether (ETH) futures market is heating up as the ongoing rotation out of bitcoin BTC$112,793.27 accelerates. The total notional open interest (OI) in ETH futures recently surpassed $10 billion for the first time on record, according to data shared by the exchange with CoinDesk. Early this month, the number of large open … Read more
The futures market for Plasma’s unreleased XPL token on decentralized exchange Hyperliquid experienced one of its most volatile trading episodes to date overnight, with more than $160 million in open interest wiped out in less than 10 minutes. More than 80% of outstanding positions were liquidated, collapsing open interest from $160 million to just $30 … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more
Futures of World Liberty Financial (WLFI), the cryptocurrency linked to the family of President Donald Trump, lost more than 44% of their value on opening this weekend as traders chose to short the decentralized finance (DeFi) token. The futures began trading Aug. 23 on decentralized exchange Hyperliquid at $0.44. Within hours, the price had collapsed … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more