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$MAX: The Governance Token Powering the Matr1x Platform
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ETH Futures Long Positioning Shows Market Optimism 📈 Recent S-1 filings with the #SEC suggest that the approval of an Ethereum ETF could be imminent. Despite a pullback in Ether prices since the rally that began on May 20, 2023, market sentiment remains bullish. The SEC’s request for exchanges to refile 19b-4 forms hasn’t dampened enthusiasm. The data indicates a significant increase in ETH #futures long positions, rising from 2.7 million ETH to 3.1 million ETH. This surge implies that futures traders are optimistic about the potential approval of the #Ethereum ETF, even though this sentiment hasn’t yet been fully reflected in spot prices. This market behavior suggests that a “sell the news” event is less likely, highlighting robust market confidence in ETH’s future prospects. #Binance #crypto2024
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July 8 Update: 9 #ETFs added 2,394 $BTC(+$135M). #Fidelity added 2,077 $BTC(+$177M) and currently holds 170,764 $BTC($9.2B). #Grayscale decreased 475 $BTC(-$26.8M) and currently holds 274,249 $BTC($15.46B). #Binance #crypto2024
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Cryptocurrency prices dropped sharply in Asia due to increased $BTC supply news and speculator selling, but stabilized around $54,000 for BTC and $2,950 for $ETH . US jobs data revisions hint at potential rate cuts. A trade idea suggests buying ETH at a 9.6% discount for a September maturity, with a strike price of $2,680 and upper barrier at $3,550. #Binance #crypto2024
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Sexyy Red launched the meme coin PRESI this morning. On-chain detective ZachXBT claims that the PRESI team purchased around 90% of the total supply during the presale. 😱 Additionally, an hour earlier, they launched another token and bought up 82% of its total supply. What do you think of this move? #Binance #crypto2024
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