π #BTC C.Q.: Open interest in futures has grown to over $30 billion. Visually, it seems that the market is overheated with open positions, but if you convert the OI to BTC, it will be 440K BTC, compared to the peak of 614K BTC in October 2022.
The market can still increase by $10 billion
The market can still increase by $10 billion
ππ£ #STRK StarkWare will announce "imminent" launch of L3 on Starknet.
πΏπ£ #CRV Mikhail Egorov: Many of you know that I liquidated all my loans. The size of my positions was too large for the markets to handle and it resulted in 10 million in bad debts. Only the CRV market was affected lend.curve.fi (where the position was largest).
I have already paid off 93% and intend to pay off the remaining amount soon. This will help users not to suffer from such a situation.
Alternatively I proposed users to vote for potential reduction of the total supply of tokens by 10% to stabilize token prices.
I have already paid off 93% and intend to pay off the remaining amount soon. This will help users not to suffer from such a situation.
Alternatively I proposed users to vote for potential reduction of the total supply of tokens by 10% to stabilize token prices.
π #BTC Analyst C.Q.: The analysis of hash ribbons and the current market dynamics suggest that despite the challenges faced by miners post-halving, the Bitcoin market remains strong.
π¦π£ JPMorgan analysts: Crypto markets have seen $12 billion in net inflows this year, with most of the $16 billion inflows into spot #BTC-#ETFs likely coming from existing digital wallets on exchanges.
This rotation is evidenced by the fall in BTC reserves on exchanges since the launch of spot ETFs in January, which are valued at ~$13 billion.
Also are skeptical that the pace of capital inflows will continue until the end of the year.
This rotation is evidenced by the fall in BTC reserves on exchanges since the launch of spot ETFs in January, which are valued at ~$13 billion.
Also are skeptical that the pace of capital inflows will continue until the end of the year.
πͺπΊπΉ European Banking Authority (EBA) published the final draft technical standards on prudential matters that firms must comply with under the Markets in Crypto-Assets (MiCA) legislation.
#regulation
#regulation