📈 Statistics: Bitcoin Futures Open Interest Hits All-Time H | Crypto Web3 Today on Binance Square

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📈 Statistics: Bitcoin Futures Open Interest Hits All-Time High of $40.5B.
The rise in open interest indicates increased leverage in the market, raising concerns about potential price volatility as Bitcoin approaches $70,000.

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Binance Futures Announces It Will List This Altcoin on Margin Trading with 75x Leverage! Binance Futures has announced that it will introduce the USD-Margined 1000CATUSDT Perpetual Contract offering traders up to 75x leverage at 15:30 UTC on October 21, 2024. Binance Futures to Launch 1000CATUSDT Perpetual Contract with 75x Leverage USD Collateral. The new listing aims to enhance users' trading experience and expand the range of futures products available on the platform. Basic Contract Features. • Maximum Leverage: 75x • Initial Funding Rate: ±2.00% • Funding Fee Settlement: Every four hours • Launch Time: October 21, 15:30 The 1000CATUSDT contract will allow users to trade with high leverage with USD margin requirements. Binance noted that a Multi-Asset Mode will be available for the new contract, allowing users to use other assets such as BTC as margin, subject to applicable asset haircuts. Binance reserves the right to change the specifications of the 1000CATUSDT contract depending on market risk conditions. Adjustments may affect various parameters, such as: • Funding fees • Approval size • Maximum leverage • Initial and maintenance margin requirements These flexible adjustments aim to provide a stable and optimized trading environment for users, especially during volatile market conditions. The launch of the 1000CATUSDT Perpetual Contract is part of Binance Futures' strategy to expand its offerings to appeal to both experienced and high-risk traders. Although the product appeals to users looking to achieve greater returns with leverage of up to 75x, Binance recommends caution due to rapid price movements and liquidation potential.

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This Popular Altcoin Has Positively Decoupled From The Market, Rising 100 Percent! What's Behind the Rise? The leading cryptocurrency Bitcoin (BTC) continues to rise as the US presidential election approaches. At this point, eyes are turned to $ 70,000, while altcoins are also experiencing upward movement. However, there are some altcoins that left the market positive with their rise. One of them was Apecoin (APE). While Apecoin has increased by 100% in the last two days, it was stated that the latest rise was due to Yuga Labs' introduction of ApeChain. At this point, the long-awaited ApeChain went live on Sunday and provided native staking returns to APE holders. ApeCoin (APE) experienced a major surge over the weekend as staking returns arrived, doubling in value to surpass $1.5 for the first time since April. Commenting on the rise of APE, 10x Research President Markus Thielen said that the decision to bring native staking returns to APE increased the interest of investors. According to Coindesk, Markus Thielen explained the catalysts for the APE price increase, saying: "ApeCoin has introduced an automatic yield mode that allows users to passively earn yield by staking their APE tokens. This new feature maximizes yield over time by automatically reinvesting rewards. The new platform is part of the broader ApeCoin ecosystem, which aims to increase the utility of the APE token by encouraging users to more actively engage with APE through games, staking pools, and other activities. The platform also plans to add support for other yield- producing cryptocurrencies to attract a wider user base." Thielen added that another catalyst that may have aided the APE price rally was the launch of LayerZero on the ApeChain mainnet. What is ApeChain? A Layer 3 network developed on Arbitrum One, the ApeChain token is fully compatible with the APE token, facilitating the minting of non-fungible tokens (NFTs), trading, and decentralized applications while enhancing the user experience. The ApeChain bridge went live on Sunday.

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🐸The baddest frog in crypto just smashed past $20M in its presale, adding $2.1M since last week’s $18M mark! 🔥With its slick L2 chain, $PEPU is aiming to take down its sluggish rival $PEPE and rule Pepe land. 💼Big news: Developer grants are now open, giving its ecosystem a major boost. Ready to make waves? 💰Don’t miss out – current presale price is $0.0112!

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