The open interest in #Ethereum futures reached a record high | CrypticNews Hub on Binance Square

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The open interest in #Ethereum futures reached a record high of $14 billion on centralized exchanges.
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Morning news from CrypticNews Hub: 0. #Bitcoin dropped below $58,000. 1. Biden confirms his determination to run: "No one forces me to withdraw my candidacy." 2. The correlation between Bitcoin and the S&P 500 sharply decreased, potentially indicating a bottom. 3. Jupiter's Correction: ASR's prize pool to be issued this week amounts to $50 million. 4. Bittensor: Vulnerability in the PyPi package prompted a hack, with exchanges working on refunding funds. 5. Bitwise filed a revised S-1 document for an #Ethereum spot ETF, planning to waive fees for a limited period. 6. Galxe announced that the portal for migrating GAL to G tokens will open on July 9. 7. Mocaverse project lead: Airdrop threshold for Moca ID owners is set at 1,500 RP. 8. friend tech: Community feedback heard, and FRIEND will not migrate from Base. 9. Uniswap Labs: ZKsync launched on Uniswap's interactive interface. 10. Andrew Kang: We may see an extreme Bitcoin correction to the $40,000 range. 11. Consensys acquires Wallet Guard to protect MetaMask users from hackers and scammers. 12. Capriole Investments founder: Mt.Gox possibly started creditor payouts. 13. ZK-native protocol QED completes $6 million funding led by Blockchain Capital. 14. #Solana -based GPU tokenization protocol Compute Labs concludes $3 million pre-seed funding round led by Protocol Labs. 15. CryptoQuant: Bitcoin miners' capitulation indicator nears market bottom after FTX crash. 16. Aptos Labs announces the launch of a #Web3 tool for user registration, Aptos Connect.

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Santiment: Bitcoin fell to $59.4K, and Ethereum dropped to $3.1K. The crowd is showing signs of viewing this as a buying opportunity. Ideally, one should wait until their enthusiasm settles. The time to buy is when they are impatient and skeptical.

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Santiment: Fear is in the air, as traders discuss: Bittensor plummeted sharply after a security breach resulted in $8M worth of TAO being withdrawn from wallets. Bitcoin briefly dipped below $60K, causing traders to express concern and interest in "selling their bags" before it's too late. There should be a window for profit-taking while FUD is so high among the crowd.

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U.S. stocks mostly closed higher in a shortened Wednesday session after economic data boosted investor confidence that the Federal Reserve will begin a rate-cutting cycle this quarter. The S&P 500 rose 0.5% to a record close of 5,537, and the Nasdaq 100 gained 0.8% to a record close of 20,187, while the Dow fell by 40 points. The ISM PMI showed that services activity contracted the most in four years in June, sharply contrasting with growth expectations. Meanwhile, the ADP report indicated fewer private sector jobs were added, while continuing jobless claims rose to a two-year high. Tesla continued its surge, gaining over 24% since the beginning of the week amid improved deliveries. On the other hand, ADRs of Novo Nordisk and other biotech companies fell as the U.S. announced plans to lower prices for weight-loss drugs. Markets are now awaiting the FOMC minutes and political updates amid reports that President Biden may withdraw from the presidential race. Markets will be closed on July 4th.

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Stablecoins that do not comply with MiCA requirements dominate the market for both Euro-backed and US Dollar-backed stablecoins.

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