📈 BTC futures open interest on crypto exchanges soars to a one-year high; Crypto.com launched the Funding Arbitra…
📈 BTC futures open interest on crypto exchanges soars to a one-year high; Crypto.com launched the Funding Arbitrage Bot on the Crypto.com ExchangeBTC futures open interest on exchanges soars to a one-year high; Crypto.com launched the Funding Arbitrage Bot on the Crypto.com Exchange; SEC approved the NYSE and CBOE’s BTC ETF options listings.Quick Take
Weekly Market IndexAll three indices increased last week. Price, volume, and volatility indices increased by +10.27%, +24.81%, and +17.36%, respectively. Chart of the WeekThe aggregated open interest of BTC futures (including perpetuals) across crypto exchanges rose to a one-year high of $31.79 billion on 19 October, according to the Block. Open interest of BTC futures measures the total number of outstanding contracts that have not been settled or closed in BTC future contracts; its increase typically suggests new money entering the market with bullish market sentiment. This coincided with BTC rising to the $68,000-level on the same day and US spot BTC ETFs recording a $2.1 billion net inflow last week, the largest since March 2024. Weekly PerformanceBTC and ETH increased by +10.4% and +11.9%, respectively, in the past seven days. Prices for all other selected top market capitalisation tokens increased except AVAX (-0.6%). DOGE (+32.5%) and BCH (+16.3%) led the increase. The price increase in DOGE coincided with Elon Musk posting “D.O.G.E will fix it” on X in response to an article reporting that California officials rejected more SpaceX rocket launches from the state. D.O.G.E refers to the Department of Government Efficiency, an idea mentioned by Donald Trump for a government efficiency commission led by Musk if Trump wins the election in November. Key categories all increased in market capitalisation change in the past seven days. The meme category led the rise. Notable Token UpdatesNews HighlightsInvestment Vehicles
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Catalyst CalendarWe’re all ears.Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you! AuthorResearch and Insights Team Disclaimer:The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.Thank you for reading! We hope you find Market Pulse, our new weekly market insights newsletter enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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📈 Solana dominates 2024 new token launches; Bahrain launched its first bitcoin investment fund for institutions i…
Sunday, October 20, 2024
Solana is dominating new token launches in 2024; the National Bank of Bahrain launched its first bitcoin investment fund; Stripe allows customers to pay US businesses in USDC ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 💸 14.6% of Polymarket wallets have profited; Uniswap Labs unveils its own Layer-2 network
Sunday, October 20, 2024
14.6% of Polymarket wallets have made profits. Uniswap Labs unveils its own Layer-2 network. Avalanche negotiates to repurchase 1.97 million AVAX from Terra's LFG. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 🎮 Ubisoft prepares to launch its blockchain game; Aptos and Google Cloud release…
Sunday, October 20, 2024
Ubisoft prepares its blockchain game launch. Aptos and Google Cloud release developer tool for Web3 gaming. Yuga Labs's 10KTF project was acquired by Possible Productions. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📈 Bitcoin’s September price performance this year was the best since 2013; PayPal completed its first business pa…
Monday, October 7, 2024
Bitcoin's September price performance this year was the best since 2013; PayPal completed its first business payment with PYUSD; Bitwise filed for the first spot XRP ETF with the US SEC. ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 🖼️ Indonesia’s postal service launches NFT stamps; Lamborghini brings cars to We…
Friday, October 4, 2024
NFT market experiences its sixth consecutive month of decline. Indonesia's postal service launches NFT stamps. Lamborghini brings cars to Web3 games. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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