*๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐๐บ๐ฝ๐ ๐ข๐ฝ๐ฒ๐ป ๐๐ป๐๐ฒ๐๐ฒ๐๐ *:
Bitcoin's open interest on derivatives exchanges experienced a sudden surge of $1 billion, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binanceโs court filings ยน. However, a closer look at derivatives metrics suggests a more nuanced picture, as the funding rate did not exhibit clear signs of excessive buying demand.
*๐ก๐๐ถ๐ฑ๐ถ๐ฎ ๐๐ฟ๐๐ฝ๐๐ผ ๐ฆ๐ฎ๐น๐ฒ๐ ๐๐ฎ๐๐ฒ*: The correlation between Bitcoin and Nvidia is at its strongest in over a year, with the 90-day and 52-week correlation coefficient between bitcoin and Nasdaq-listed chip maker Nvidia rising above 0.80 ยฒ. This positive correlation is noteworthy, as some analysts believe the surge in NVDA represents an AI bubble that could soon burst.
*๐ ๐ฐ๐ฑ๐ผ๐ป๐ฎ๐น๐ฑ'๐ ๐๐ป๐๐๐ฎ๐ด๐ฟ๐ฎ๐บ ๐๐ฎ๐ฐ๐ธ๐ฒ๐ฑ*: Scammers hacked the official McDonaldโs Instagram account to promote a sham memecoin based on the fast food giantโs mascot Grimace [no additional information available].
*๐๐ถ๐ป๐ป๐ฎ๐ฐ๐ฒ ๐ง๐ผ ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ ๐๐ผ๐บ๐ฝ๐น๐ถ๐ฎ๐ป๐ฐ๐ฒ ๐ช๐ผ๐ฟ๐ธ๐ณ๐ผ๐ฟ๐ฐ๐ฒ*: Binance aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments [no additional information available].
*๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฉ๐ผ๐น๐ฎ๐๐ถ๐น๐ถ๐๐*: Bitcoinโs volatility is now higher than it was on the day of its all-time high in March, with traders suggesting this could signal the end of the โmassive consolidationโ [no additional information available].
