Bitcoin BTC$115,244.11 bounced off the $111,800 support level on Friday, sharply rising by 2.6% to $114,800 after Federal Reserve chairman Jerome Powell hinted at potential rate cuts during a speech at Jackson Hole. The swift move, preceded by a sell-off leading up to the speech, resulted in the liquidation of more than $375 million worth … Read more
The cryptocurrency market experienced broad losses Monday, while U.S. stock index futures held steady ahead of a crucial meeting between European leaders and U.S. President Donald Trump aimed at shaping the future of Ukraine. Market volatility across multiple asset classes declined sharply as investors looked forward to Federal Reserve Chairman Powell’s speech at the Jackson … 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
Dogecoin surged over 7% in the past 24 hours, fueled by more than $200 million in whale purchases and a sharp uptick in derivatives positioning. The memecoin broke through the $0.25 resistance level, triggering a volume-led breakout and sending futures open interest above $3 billion. Large-holder ownership now sits just shy of 50%, underscoring growing … Read more
Bitcoin may find itself fighting gravity after a surge over the weekend took it to within striking distance of its $123,000 all-time high while leaving a gap in the price of CME futures between Friday’s closing price and Monday’s open. CME bitcoin futures, cash-settled contracts that track the price of the largest cryptocurrency, settled at … Read more
The U.S. Commodity Futures Trading Commission (CFTC) said it is looking to allow the trading of spot crypto contracts on registered exchanges and is seeking input from stakeholders as it looks to implement President Donald Trump's crypto ambitions. The agency wants stakeholders to work with it to provide regulatory clarity on listing spot crypto asset … Read more
XRP (XRP) perpetual futures listed on the U.S.-based Kraken exchange have become more popular than their sol (SOL) counterparts for the first time. Trading volumes on Kraken-listed XRP perpetuals have topped $3.48 billion this month, outpacing the Solana token's tally of $3.23 billion, Kraken told CoinDesk. The exchange listed the XRP perpetual futures in 2022. … Read more
Futures tied to Volmex's bitcoin (BTC) and ether (ETH) implied volatility indices, BVIV and EVIV, have registered a cumulative trading volume of over $10 million since their debut on decentralized leveraged trading platform gTrade. The quick rise to over $10 million shows that traders are increasingly engaging with sophisticated derivatives linked to volatility for risk … Read more
Thursday's price pullback in major cryptocurrencies is probably the result of a long squeeze, or unwinding of leveraged bullish plays, rather than an outright bearish stance. The CoinDesk 20 Index (CD20) of the largest, most liquid tokens has lost 6.8% in the past 24 hours, with bitcoin (BTC), the leading cryptocurrency by market value, falling … Read more
EDX, which operates an institutional focused crypto exchange in the U.S. backed by the likes of Citadel, Fidelity and Virtu, has launched a global trading platform featuring perpetual futures, according to a press release on Tuesday. EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including bitcoin (BTC), ether (ETH), Solana's SOL … Read more