2024 has emerged as a monumental year for crypto perpetual trading, marked by both centralized exchanges (CEXs) and decentralized exchanges (DEXs) breaking through to achieve truly staggering volumes. What accounts for this surge? A combination of seemingly inexhaustible market demand, technological development, and the relentless evolution of the crypto trading space...
Posts published in “Asides”
With the uncertainty and volatility seen in the cryptocurrency market of late, many investors watch key indicators with bated breath. Those indicators might tell us whether the market has hit its zenith or if it can still climb higher. One clear signal this time around, though...
The well-known cryptocurrency inspired by memes, Dogecoin ($DOGE), has been experiencing a surge in on-chain activity of late. This has meant new attention from both traders and long-term investors. Santiment, a firm that tracks cryptocurrency metrics, reports that the number of daily active addresses on the Dogecoin network has surged by an eye-catching 400% to
In a daring step to cement its status in the energy and cryptocurrency arenas, Coinbase Derivatives has asked the Commodity Futures Trading Commission (CFTC) to let it self-certify two new futures products. The first, Natural Gas (NGS) futures, reflects the kind of innovative trading opportunity that appears to be in ever-increasing demand...
Strategy, previously known as MicroStrategy, has increased its Bitcoin reserves with a fresh acquisition of 130 BTC. According to a March 17 filing with the US Securities and Exchange Commission (SEC), the company spent $10.7 million on this purchase and secured the assets at an average price of $82,981 per coin between March 10 and
Investment in crypto exchange-traded products (ETPs) took a heavy hit last week, with outflows reaching $1.7 billion, according to the latest CoinShares report. This marks the fifth consecutive week of capital flight, bringing total outflows to $6.4 billion—an all-time high. As a result, year-to-date inflows for the sector have now dropped to $912 million...
At the moment, Bitcoin trades near critical support, around $83,000, amid investor caution. The asset repeatedly tested resistance levels at the top of a historical price channel. According to Glassnode data cited by Nic Puckrin, CEO of CoinBureau, Bitcoin supply remains notably thin between $70,000 and $80,000...
South Korea and North Korea have taken sharply contrasting positions on Bitcoin as South Korea’s central bank has reportedly ruled out BTC as part of its foreign exchange reserves. Why South Korea dismissed BTC According to the report, the Bank of Korea (BOK) stated that Bitcoin does not meet the International Monetary Fund’s (IMF) criteria
OKX has temporarily suspended its Web3 decentralized exchange (DEX) aggregator following discussions with European regulators. The exchange announced this decision on March 17, stating that the move is part of efforts to enhance security measures and prevent misuse of its platform. Bybit hack connection The suspension comes as European authorities investigate allegations that hackers linked
Strategy has expanded its bitcoin holdings to 499,226 BTC after a $10.7 million purchase, while preparing a massive $21 billion stock offering for future BTC acquisitions. Strategy Holds 499,226 BTC—While Raising Nearly $21B for Even Bigger Buys Software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy...