BJ Coinbase Derivatives is looking to launch round-the-clock futures trading of bitcoin (BTC) and ether (ETH), the CFTC-regulated futures arm of the crypto exchange announced on Monday. The exchange plans to offer both large and nano-sized contracts, it said in a press release, for both retail and institutional traders which will be available 24/7 in an … Read more
The bitcoin (BTC) perpetual futures funding rate is fluctuating between positive and negative, reflecting market uncertainty. As bitcoin declines and hovers around $80,000, traders are seeking direction, especially after bitcoin lost its 200-day moving average. The funding rate, set by exchanges for perpetual futures contracts, determines periodic payments between long and short positions. A positive … Read more
Cryptocurrency’s extended sell-off bled through to equity markets as crypto-adjacent companies saw losses in pre-market trading on Monday. Strategy (MSTR) and Coinbase (COIN) both fell over 5%, while bitcoin mining firms MARA Holdings (MARA), Riot Platforms (RIOT), Core Scientific (CORZ) and CleanSpark (CLSK) traded lower by at least 2.5%. Coinbase’s slide to under $205 compounded … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market continues to lose ground, driven by disappointment over the absence of a plan for the U.S. government to buy bitcoin under the newly announced strategic reserve plan and amid persistent macroeconomic concerns. BTC fell to $80,000 late Sunday, trading below the 200-day simple … Read more
On the sidelines from purchasing additional bitcoin (BTC) for the past couple of weeks, Michael Saylor’s Strategy (STRK) is at it again. The company during early Monday U.S. hours announced a $21 billion at-the-market (ATM) offering of its Series A preferred stock (STRK), proceeds of which would mostly be used for buying additional bitcoin. The … Read more
Pakistan, one of the top 10 nations for remittances from abroad, may leverage blockchain technology to streamline the process, Bilal bin Saqib, chief adviser to the finance minister and a member of the recently established Pakistan Crypto Council (PCC), said Monday. Overseas Pakistanis sent over $31 billion in 2023-24 via traditional channels that are often … Read more
Prices for XRP, the payments-focused cryptocurrency used by Ripple to facilitate cross-border transactions, plummeted over 27% in the week ended March 9, marking its largest weekly percentage decline since November 2022, according to data source TradingView and CoinDesk. The sell-off has brought attention to $1.95, key support, which, if breached, could lead to more profound … Read more
Thailand’s financial regulator the Securities and Exchange Commission (SEC) is expanding its list of approved cryptocurrencies with the two largest stablecoins, Tether’s USDT and Circle’s USDC as trading pairs on digital asset exchanges. Previously, only bitcoin (BTC), ethereum (ETH), XRP, stellar (XLM), and certain tokens used in the Bank of Thailand’s settlement system were approved … Read more
Investment managers Rex Shares and Osprey Funds have filed to list an exchange-traded fund (ETF) tracking the price performance of Movement Networks’ MOVE. The Ethereum layer-2 network’s mainnet, which is built using MoveVM, is expected to launch on Monday. The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2658.12, down 7.2% (-205.91) since Friday at 4 p.m. ET. None of the 20 assets are trading higher. Leaders: ETH (-2.2%) and AAVE (-3.0%). Laggards: LINK (-14.3%) and NEAR … Read more
