Between August 1 and 5, Ethereum futures trading volume fell by 16.7% on Binance and 17.5% on other major exchanges, even as Ethereum's price climbed to $1,901.50. This divergence indicates the recent price rally is driven by spot market demand rather than increased futures trading or leverage. Binance futures volume has increased 121% since April, shifting market dominance to Binance, while other exchanges saw a 46% decline in volume. The trend suggests more cautious trader positioning compared to earlier in the year when heavy futures activity preceded a sharp price drop.
MoonLambo's host Matt highlights a PMI reading of 55.6, the first above 55 in over five years, as a key sign that crypto markets are nearing the end of a mid-cycle correction rather than entering a prolonged bear market. This PMI level historically p...
BitMEX is shutting down early on Sept. 23 and has moved up the delisting of XRP, ADA, ETH, and BTC futures to Aug. 10 to ensure fair settlements. Coinbase has launched commission-free US stock trading in the UK, allowing users to buy fractional share...
In Grayscale's latest quarterly rebalance of its Smart Contract Fund, Binance's native token BNB rose from zero to become the largest holding, making up about 30.6% of the portfolio. This shift pushed Ethereum and Solana to second and third places wi...
JPMorgan reports that inflows into Hyperliquid ETFs, which surged in May and June, have largely stalled in July and August due to increased competition from regulated centralized crypto derivatives platforms. Despite this slowdown, Hyperliquid's HYPE...
Ethereum price recovered above the $1,900 mark on August 6, supported by renewed spot demand and short position liquidations. The price faces resistance near $1,965 and $2,000, with bullish indicators suggesting momentum remains but shows signs of we...
