Ethereum open interest dominance surges as capital shifts from Bitcoin
Ethereum News

Ethereum News: Open Interest Dominance Skyrockets to 40% as Traders Dump Bitcoin

Ethereum’s open interest (OI) dominance in perpetual futures markets has surged to nearly 40%, marking a pivotal shift in speculative capital allocation within the cryptocurrency space. This level represents the highest OI dominance for Ethereum since April 2023, signaling a notable reallocation of trader attention from Bitcoin to Ethereum. Why is Ethereum’s Open Interest Dominance […]

Vertex migrates to Kraken's Ink layer-2 for decentralized derivatives growth
Blockchain News

Vertex Shifts from Arbitrum to Kraken’s Ink Layer-2: A Bold Move for Decentralized Derivatives

In a surprising yet strategic move, Vertex, the decentralized crypto derivatives protocol, is shutting down its Arbitrum-based DEX and migrating to Kraken’s layer-2 network, Ink. This transition marks a pivotal moment for decentralized finance (DeFi) as Vertex aims to strengthen its position in the competitive perp DEX market. What does this mean for VRTX token […]

A symbolic image showing the strategic Coinbase acquisition of Deribit, representing a significant shift in the crypto derivatives market leadership.
Blockchain News

Coinbase Acquisition: A $2.9 Billion Power Move Reshapes Crypto Derivatives

The cryptocurrency world witnessed a monumental shift as Coinbase Exchange officially finalized its $2.9 billion cash-and-stock purchase of Deribit. This strategic Coinbase acquisition immediately reshapes the global landscape of crypto derivatives. The deal positions Coinbase as an undeniable force, capturing an immense share of the market. It represents a significant expansion for the prominent U.S.-based […]

Charts depicting BTC perpetual futures long-short ratios, illustrating Bitcoin market sentiment across exchanges.
Bitcoin News

BTC Perpetual Futures: Decoding Crucial Long-Short Ratio Insights

Understanding market dynamics is paramount for cryptocurrency traders. Specifically, examining BTC perpetual futures long-short ratios provides invaluable insights into prevailing investor sentiment. This data offers a glimpse into how traders position themselves, indicating whether a bullish or bearish outlook dominates the market. Consequently, analyzing these ratios becomes a vital component of any comprehensive market sentiment […]

Coinbase dominates USDC revenue and launches Solana and XRP futures
Blockchain News

Solana News: Coinbase Dominates with $300M USDC Revenue and Launches Game-Changing XRP & SOL Futures

In a stunning market shift, Coinbase has outpaced its stablecoin partner Circle by generating $300 million in Q1 2025 USDC revenue – $70 million more than Circle’s total earnings. This financial milestone comes as the exchange prepares to launch revolutionary nano futures contracts for Solana (SOL) and XRP on August 18. Here’s what this means […]

Chart showing Ethereum options OI nearing record highs, reflecting strong ETH market interest.
Ethereum News

Ethereum Options OI Surges: What It Means for the ETH Price Rally

The cryptocurrency world recently witnessed a significant event. Ethereum options OI, or Open Interest, experienced a remarkable surge. It reached $13.75 billion, marking the highest point this year. This figure stands just below the all-time record of $14.6 billion, set in March 2024. This substantial increase, reported by Glassnode on X, indicates heightened derivatives positioning. […]

Charts and graphs depicting Bitcoin options trading data, highlighting the upcoming BTC expiry and market sentiment.
Bitcoin News

Bitcoin Options: Why Traders Don’t Expect a $200K Rally Despite Massive Year-End Expiry

As the year draws to a close, the cryptocurrency market braces for a significant event: a colossal Bitcoin options expiry. Traders are keenly observing the $8.8 billion options expiry scheduled for December 26. This monumental event is capturing significant attention, yet a dramatic $200,000 rally remains an unlikely scenario for most market participants. Understanding the […]