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XDEFI and Circle's CCTP join forces to make USDC cross-chain swaps more secure and user-friendly, enhancing the overall DeFi experience. (Read More)
BitMEX has announced the listing of ZROUSDT and TREMPUSDT perpetual swaps, offering up to 10x leverage for traders. (Read More)
Velora, a cryptocurrency exchange, has rebranded and is now known as ParaSwap. The platform recently introduced new features and improvements to enhance the overall user experience. ParaSwap aims to provide a seamless and efficient way for users to swap different cryptocurrencies at the best possible rates. The platform aggregates liquidity from various decentralized exchanges to [...]
The post Introducing Velora: ParaSwap’s Exciting Rebrand with New Intent-Based DEX Trading Feature appeared first on Crypto Breaking News.
1inch, a leading decentralized exchange aggregator, has recently launched on the Solana blockchain, marking a significant milestone for the platform. With this expansion, users can now access 1inch’s innovative services on Solana, bringing fast and low-cost transactions to the growing Solana ecosystem. This integration opens up a whole new world of possibilities for Solana users, [...]
The post 1inchs Exciting Launch on Solana Offers Crosschain Swaps in the Pipeline appeared first on Crypto Breaking News.
1inch launches on Solana, enabling MEV-protected swaps for over 1M tokens and planning cross-chain support with 10+ blockchains for broader DeFi access.
The Bitcoin market saw another rebound in the past week as prices leaped by over 12% to hit a local peak of $95,600. Amid the ongoing market euphoria, prominent blockchain analytics company Glassnode has shared some important developments in the Bitcoin derivative markets. Related Reading: Bitcoin Apparent Demand Makes Sharp Rebound Will BTC Breakout Soon? Bitcoin Short Bets Rise Despite Price Rally, Setting Stage For Volatility Despite a bullish trading week, derivative traders are approaching the Bitcoin market with skepticism, as evidenced by a build-up of leveraged short positions. In a recent X post on April 25, Glassnode reported that Open Interest (OI) in Bitcoin perpetual swaps climbed to 218,000 BTC, marking a 15.6% increase from early March. In line with market activity, this rise in Open Interest aligns with increased leverage, introducing the potential for market volatility via liquidations or stop-outs. Generally, a rise in Open Interest amidst a price rally is expected to signal long-term market confidence. However, Glassnodes findings have revealed an opposite scenario. Despite Bitcoin’s bullish strides in the past week, short market positions appear to be dominating the perpetual futures markets. This concerning development is indicated by a decline in the average funding rate, which has now slipped into negative territory to sit around -0.023%. The perpetual funding rate is a periodic payment between long and short traders aimed at keeping the contract price in line with the underlying spot price. A negative funding rate indicates short traders pay long traders as Bitcoins perpetual contract price is trading below the spot price. This is caused by a higher number of short positions as traders are largely bearish about Bitcoin, even despite recent gains. Furthermore, the 7-day moving average (7DMA) of long-side funding premiums has dropped to $88,000 per hour, reinforcing this short-dominant sentiment. This downtrend indicates a waning demand for long positions, as traders exhibit a short bias. However, Glassnode presents a bullish note stating that the present combination of rising leverage and short positions paves the way for a potential short squeeze, where an unexpected upward price move forces short-sellers to close their positions, thereby driving prices even higher. Bitcoin Price Overview At the time of writing, Bitcoin trades at $94,629 following a 1.01% retracement from its local peak price on April 25. Despite creeping developments in the perpetual futures market, the BTC market remains highly bullish, indicated by gains of 1.02%, 11.12%, and 8.32% in the last one, seven, and thirty days, respectively. With a market cap of $1.88 trillion, the premier cryptocurrency ranks as the largest digital asset and fifth-largest asset in the world. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Featured image from Adobe Stock, chart from Tradingview
Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur a cost of $66. Transfers and Dex Swaps Costlier as Ethereum [...]
The post Meme Token Frenzy Drives up Ethereum Fees, Testing Networks Scalability appeared first on Crypto Breaking News.
BitMEX introduces NILUSDT perpetual swaps, offering traders up to 50x leverage. This new listing enhances trading options on the platform. (Read More)
Telegram users can now buy, sell, and send bitcoin, as the leading cryptocurrency has been integrated into the Wallet bot on the popular messaging application. The bitcoin support follows the wallet’s recent tether integration, which enables users to transact with the stablecoin as well. Over a Billion Telegram Users Can Now Transfer Bitcoin in Chats [...]
The post Wallet Bot on Telegram Adds Bitcoin Support to Web Interface Following Tether Integration appeared first on Crypto Breaking News.
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. [...]
The post USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement appeared first on Crypto Breaking News.
Out of all the crypto derivative products, perpetual futures have emerged as a preferred instrument for market speculation.
The post Bitcoin’s annualized 3-month futures basis show a calm before the storm appeared first on CryptoSlate.
Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic.
Elliptic's report suggested that criminals have laundered the total sum of $4 billion through Decentralized Exchanges (DEXs), bridges, and protocols offering Coin Swaps. (Read More)
If the proposal were to take effect, Synthetix would much more closely resemble a traditional business by simply generating fee revenue and distributing the proceeds to SNX holders.
Bitcoin trading above the 50-day simple moving average is a bullish indicator for the bitcoin price and many long-term holders are taking note.
As bond risks grow and contagion appear more likely than ever, every investor needs to consider bitcoin as portfolio insurance.
Looking for a simple DeFi platform that lets you earn high yields, swap tokens, and participate in fun earning events? VVS Finance might be something you want to look into. Learn more about this Very, Very Simple DeFi platform — see what I did there? Covered: What Is VVS Finance? Features of VVS Finance Partners […]
The post What Is VVS Finance? appeared first on CryptosRus.
Developer 'Ohmzeus' has launched a new protocol allowing stablecoins to swapped at fixed price of exactly one-to-one.
Bitcoin is incredibly cheap, considering it provides insurance on the U.S. financial structure, as well as all fiat currencies around the world.
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