As of February 7th, COINOTAG reports significant figures from Coinglass regarding Bitcoin futures. The **total open interest** for Bitcoin futures contracts across diverse exchanges stands at an impressive **603,870 BTC**, valued at roughly **$58.9 billion**. Within this landscape, the **CME Bitcoin futures contracts** lead with an open interest totaling **166,100 BTC**, equating to around **$16.18 … Read more
Japan’s Financial Services Agency said the action was not about “shutting down crypto investing,” but “drawing a line in the sand” for noncompliant exchanges.
Ethereum (ETH) once again dipped to extremely low fees, showing the outflow of users. Gas prices moved down under 1 gWEI, or as low as $0.06 for regular transactions. Ethereum (ETH) signals lowered demand for transactions, as gas fees slide under 1 gWEI. This is the first period of low fees since September 2024, as … Read more
Ondo Finance states that this new project seeks to combine the decentralization and convenience of blockchains with the world of permissioned traditional finance markets. Ondo Finance Announces Ondo Chain to Bring Real-World Assets to Blockchain Ondo Finance, a protocol for real-world assets, has announced Ondo Chain, a Layer 1 (L1) solution that seeks to bridge … Read more
Elon Musk, the CEO of SpaceX, Tesla, and X, has declared that the future of warfare will be defined by artificial intelligence and drones. In a video released Thursday, Musk emphasized the growing importance of unmanned systems in modern conflict. Musk thinks the war in Ukraine is very much a drone war right now. He notes … Read more
The cryptocurrency market is known for its cycles, and while some investors made life-changing gains in the last bull run, many missed out on the biggest opportunities. However, new projects are emerging that could deliver 10x, 100x, or even 1000x returns, making now the perfect time to position yourself before the next wave of explosive … Read more
Bitcoin Plus ETF, a new Pepe Airdrop and David Sacks, oh my! This market, man… I just watched a mass dump across all coins. It wasn’t substantial, but still. Who is coordinating this? Who’s the mustache-twirling villain behind the curtain, AND why do they want to mess with the market? On this week’s Feel Good Friday, there’s … Read more
Current price movements are likely part of a range trading phase, probably between 1.0355 and 1.0415. In the longer run, outlook is unclear; EUR could trade in a broad range of 1.0250/1.0490 for the time being, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. EUR can trade in a broad range of … Read more
House Financial Services Committee Chairman French Hill said they would work with the Trump administration to deliver dollar-backed stablecoins for Americans.
KuCoin introduces three new Solana-based tokens: BUZZ, GRIFT, and SNAI. Trading begins on February 7, 2025, with deposits already enabled. Trading bots will support all three tokens upon launch. Crypto exchange KuCoin has announced the listing of three new Solana-based tokens, Hive AI (BUZZ), ORBIT (GRIFT), and SwarmNode.ai (SNAI), on its spot trading platform. These … Read more