First Mover Americas: Ether Options Tilting Bearish
The latest price moves in bitcoin (BTC) and crypto markets in context for April 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Bitcoin Faces Low Risk of ‘Liquidations-Induced’ Price Volatility After 70% Surge
Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets and often exacerbate price moves.
Ether Holds Near $1.9K as Shanghai Fork Approaches
ETH’s price slid 1.7% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is scheduled to occur April 12.
High Ether Yields Drive $50M to DeFi Protocol Pendle Finance
The total locked value of assets on the platform has risen over 300% since the start of this year, DeFiLlama data shows.
Jump in Shiba Inu Breed-Themed Tokens is Unsustainable, Warn Crypto Traders
Memecoins outperformed the broader crypto markets in recent days, but there may be cause for caution ahead as some warn of imminent profit-taking.
Dogecoin Futures Set Record After Twitter Adopts Shiba Inu Logo
Open interest, which can be used to determine market strength behind price trends, jumped to all-time highs in dogecoin terms.
Ether Rallies to 8-Month High, Gains Ground Against Bitcoin
“ETH looks to regain ground against BTC as part of a broader capital rotation play,” one observer said.
South Korean Traders Are Jumping on SXP, ICX Tokens
Trading volumes and prices for the two tokens have surged in the past few days on local exchanges.
Unbound Finance Will Soon Allow Stablecoin Borrowing Against Uniswap LP Positions on Arbitrum
With Unbound, Uniswap V3 LPs can borrow Unbound’s stablecoin, UND, interest-free, secured against their concentrated liquidity positions.
Crypto Market March Roundup: Bitcoin Rises Amid Banking Uncertainties, Macro Headwinds
Mask Network’s MASK token surged over 68%, becoming the top-performing token for the month. XRP rose 41%.