The Ethereum Open Interest has been trading at lower levels recently, which could potentially have implications for the asset’s price. Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric goes up, it indicates that investors are opening new positions on these platforms, leading to increased
Cardano recently experienced a significant price crash over a two-week period. However, the market has begun to recover, leading to a more positive outlook for the ADA price. According to analysts, including crypto analyst CobraVanguard, this recovery is expected to continue, with CobraVanguard specifically predicting a bullish trend towards $1. The recent crypto market crash,
Recent reports have indicated that a new Ethereum (ETH) whale has been actively purchasing large amounts of ETH since March 31. This whale, suspected to be Tron founder Justin Sun, has acquired over $405 million worth of ETH in a short period. The buying spree began with the withdrawal of $96.8 million stablecoins from Binance,
In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has put forth a proposal to establish independent self-regulatory organizations (SRO). The initiative aims to enhance the regulatory landscape, support innovation, and ensure security within the burgeoning field. The HKSFPA emphasizes the
Amidst a legal case against the crypto firm DEBT Box, two lead SEC lawyers, Michael Welsh and Joseph Watkins, have recently resigned. These resignations came after controversies surrounding inaccuracies presented in court to obtain a temporary restraining order and asset freeze against the company. The handling of the DEBT Box case has raised serious questions
The recent announcement by B3, a Brazilian stock exchange, regarding its inclusion of Bitcoin futures in its offerings has created quite a buzz in the cryptocurrency community. Following the launch of Bitcoin futures on April 17th, B3 witnessed an overwhelming response from investors, with more than 7,400 Bitcoin futures contracts actively traded on the debut
The crypto market, including Ethereum (ETH), has been experiencing increased volatility recently. Despite this, data from Coinglass indicates that most Ethereum investors and traders are still bullish on the crypto token. Many traders have continued to open long positions on Ethereum, showing that they are betting on it experiencing significant upward moves in the long
FTX creditors who have been impacted by the collapse of the defunct exchange have a unique opportunity to participate in the bankruptcy estate’s planned auction of its remaining Solana token holdings. This auction presents a chance for retail investors to get involved in the process with a minimum investment of $5000, a significantly lower barrier
The recent Bitcoin halving event, which occurred on April 20, has brought about a significant challenge for miners in terms of profitability. With block rewards being reduced by half, from 6.25 BTC to 3.125 BTC, miners are now facing a situation where they need to rely more on transaction fees and higher BTC prices to
The recent arrest of Nadeem Anjarwalla, a Binance executive, in Kenya has set off a chain of events involving various law enforcement agencies from both Kenya and Nigeria. Anjarwalla is facing extradition to Nigeria on charges related to tax evasion, illegal passport use, and escape from custody. Anjarwalla, along with another executive, Tigran Gambrayan, found
