Bitcoin’s Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders
Bitcoin’s dominance by futures open interest has declined to 38% from nearly 50% two months ago.
Futures
U.S. CFTC Approves Bitcoin Futures Platform Bitnomial’s Derivatives Clearing Application
The Commodity Futures Trading Commission granted crypto derivatives company Bitnomial approval to register as a derivatives clearing organization in the U.S., letting it settle margined futures and options contracts.
Over $600M Locked in Open Dogecoin Futures as DOGE Price Hits Highest Since April
A rise in open interest alongside a rise in price is said to confirm an uptrend.
Key Metrics Show Crypto Traders Turning to Ether From Bitcoin
Futures and options market metrics suggest traditional finance players and sophisticated market participants may soon rotate money into ether from bitcoin.
BIGTIME, ORDI Tokens Lead Nearly $250M in Altcoin Liquidations
Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.
XRP Futures Traders Nurse $7M Loss as BlackRock ETF Rumor Causes Wild Price Swings
XRP prices jumped to 73 cents from 65 cents in 25 minutes after a tweet suggested financial behemoth BlackRock had filed for an XRP ETF in the U.S.
Bitcoin ETF Excitement Drives Wall Street Giant CME Above Binance in BTC Futures Rankings
CME’s rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.
Pantera, Susquehanna and HashKey Back DEX SynFutures With $22M Funding
The funding round was led by Pantera Capital, and included participations from Susquehanna International Group and HashKey Capital.
Valkyrie Gets Approval to Start Buying ETH Futures For its Existing Bitcoin ETF
The fund’s new strategy to combine ether and bitcoin will be effective formally on Oct. 3.
Single Trader Lost $55M on Ether Long Yesterday
That was nearly 30% of all liquidated futures on Binance, the data shows.