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Open interest in BTC on Binance is again at record levels — CryptoQuant
Open interest in
BTC
on Binance is again at record levels — CryptoQuant
Aviso legal: contém opiniões de terceiros. Não é um aconselhamento financeiro.
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🚨🚨🚨 JUST IN : Paraguay 🇵🇾 considers kicking crypto miners to the curb. Paraguay is laying down the law against crypto miners who’ve been having a field day tapping into its electrical grid like it’s an all-you-can-eat buffet. Lawmakers in Paraguay are done watching from the sidelines and have proposed a bill that’s basically a giant stop sign aimed at crypto mining and everything that comes with it.
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⚡️ More than $13 billion in funds have been used to participate in #Saga staking, making it #Binance’s 💰 largest Launchpool to date. The #Binance new coin mining project Saga posted on social media, stating that within 24 hours, there have been over 13 billion US dollars participating in staking.
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Analysts at JPMorgan: If Ethereum ETFs are not approved in May, we anticipate that litigation will begin after May. The most likely scenario is that the SEC will ultimately lose the legal battle (similar to what happened with the Grayscale and Ripple court battles last year), which means that the SEC will eventually approve spot Ethereum ETFs.
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❗️ The supply volume of the stablecoin Ethena has exceeded $2 billion 🏢 The stablecoin $USDe from Ethena surpassed the $2 billion supply threshold just two months after its public introduction. 📈 This makes it the fifth-largest stablecoin by market capitalization, accounting for 1.25% of the total $160 billion market. 🔍 What is the key difference of $USDe from traditional stablecoins: ◀️ $USDe uses a unique mechanism that does not rely on direct fiat or asset collateral. Instead, it incorporates hedging with derivatives to maintain its dollar peg. ◀️ It also employs cash-and-carry trading, which generates income that is then shared with stablecoin holders (for example, buying ETH and selling ETH futures). ◀️ Additionally, Ethena Labs added bitcoin as collateral yesterday. ✅ Currently, the price of $ENA is $0.86. #EthenaLabs #ENA #USDe #Stablecoin
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💎 Ethereum L2 could eclipse the main blockchain This was stated by VanEck, a major financial organization based in New York. 📔 The company predicts an L2 valuation of $1 trillion, highlighting their potential to surpass Ethereum. 🪙 L2 technologies, such as Zero-Knowledge Rollups (ZKU) and Optimistic Rollups (ORU), provide scalability by processing transactions off the main blockchain. This could allow them to surpass Ethereum in revenue generation, given the transaction limitations of the main blockchain. 💬 Despite the optimistic forecast for L2, VanEck maintains a cautious stance towards most L2 tokens. The firm believes that these tokens do not serve as the primary currency in the crypto ecosystem.
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