The sharp decline in open interest in active ether and bitcoin perpetual futures contract reflects a typical position reset in the market.
First Mover Americas: Bitcoin Jumps to $26.5K as Trading Volume Increases
The latest price moves in bitcoin (BTC) and crypto markets in context for August 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Sam Bankman-Fried’s Lawyers Given Green Light for Unlimited Prison Visits
The FTX founder’s lawyers will visit him in prison to prepare their defense after a judge denied Bankman-Fried’s request to have daily meetings at his lawyers’ Manhattan office.
Donald Trump NFTs Surge After Tucker Carlson Interview
As of European afternoon hours, the Polygon-based Trump Digital Trading Cards were selling for over 0.13 ether (ETH), or just over $215, up from 0.1 ETH, or $150, last week.
Binance to Withdraw Debit Card in Latin America, Middle East
The cryptocurrency exchange said the card service will terminate Sept. 21.
Major NFT Collections Post Double-Digit Monthly Losses as Floor Prices Drop
Losses in the NFT markets have exceed ether’s decline, which is down 9.6% on-month.
SOL, ADA Lead Crypto Majors’ Gains as Bitcoin Traders Move Past $1B Liquidation Event
Both tokens rose 3%, bitcoin and ether added as much as 1.2%, while bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Pendle Finance Users Can Now Profit From Real World Assets
Pendle will use MakerDao’s boosted Savings (sDA) and Flux Finance’s fUSDC in its first real-world assets (RWA) based product.
FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
The bankrupt exchange wants to return funds to creditors in dollars without denting value.
Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny
The Luxembourg-based exchange said that all other services will remain unaffected.
Bitcoin, Ether Trade Below ‘Maximum Pain’ Levels Ahead of $2.7B Options Settlement
A lot of put options are in-the-money, crypto options exchange Deribit’s Lin Chen said.
SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton
London-based liquidity provider B2C2 has acquired French market making firm Woorton in a deal that will grants B2C2 access to licenses, allowing it to operate in the EU.
Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.
AI-Related Tokens Hold Gains After Nvidia’s Big Beat Solidifies Bullish Outlook
The tokens such as FET, GRT, AGIX rose/fell tktk
Shopify Customers Can Now Pay In USDC Via Solana Pay
Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday.
FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.
The Protocol: Coinbase Blockchain’s Viral Use Case Puts Focus on Optimism’s Tech
The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase’s new Base blockchain, Shiba Inu community’s “Shibarium” network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
Hacked Crypto Exchange Cypher Plans to Hold Public Token Sale
Cypher’s IDO will test whether it can recapture momentum.