Shiba Inu's open interest plunges by over 40% in two weeks, raising concerns about its price trajectory. Historical data suggests a correlation between declining open interest and downward price movements, indicating potential trouble ahead for SHIB's value.
Huang BoAltcoins, led by Solana, XRP, and Dogecoin, have surpassed Bitcoin in open interest, marking a significant shift in the derivative market. Altcoins now command 41% of the market's open interest, totaling $12.22 billion, while Bitcoin's dominance has decreased to 39%. Ethereum also trails behind, despite increased funds in its futures market. The altcoin market, with a 66% volume dominance, is reshaping investor portfolios, showcasing a paradigm shift in cryptocurrency dynamics.
BerniceThe Binance-hosted wallets received more than $2 million worth of various cryptocurrencies that were then sent on to North Korean entities.
OthersThe United States Congress has decided to launch an investigation into Binance citing it had a role in the downfall of FTX.
Others
Coinlive Open interest has doubled to $203 million, with bearish bets in demand, as Binance's entry into the FTX-Alameda drama has caused panic among investors.
CoindeskEthereum has seen more interest in recent days. Most of it has come from the price decline of the digital ...
BitcoinistBinance will aid the Kazakhstani government in its measures to regulate the country's cryptocurrency market. The biggest cryptocurrency exchange by ...
BitcoinistBinance CEO Changpeng Zhao met with Kazakhstan’s president and his senior staff on Wednesday to discuss long-term cooperation.
CointelegraphBitcoin open interest has been on a downtrend recently. This is not surprising given that the price of the digital ...
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