Bitcoin basis trade unwind reflected in shifting futures market and lack of inflowsDecline in CME’s Bitcoin futures open interest signals shift towards Binance dominance.
Happy Wednesday!The global crypto market cap is $2.22 trillion, with a 24-hour volume of $65.83 billion. The price of Bitcoin is $60,129.84, and BTC market dominance is 53.3%. The price of Ethereum is $3,297.19, and ETH market dominance is 17.8%. The best-performing sector is DuckSTARTER, which gained 5%. The Crypto Fear & Greed Index is currently Neutral (50). LATEST SLATECAST 🎙️ Mark Yusko discusses Metaplanet Bitcoin buys, Bitcoin’s future, and market manipulation 📰 Top News
Bitcoin basis trade unwind reflected in shifting futures market and lack of inflowsDecline in CME’s Bitcoin futures open interest signals shift towards Binance dominance. 👀 Metric of The Day
The Mining Pool Foundry USA currently has a hashrate of 155 EH/s, representing a pool dominance of 27.77%. Galaxy expects spot Ethereum ETF in July, is optimistic about more crypto ETFsGalaxy's Steve Kurz said spot ETH ETFs could launch in "weeks, not days." Polkadot team dismisses fears of empty treasury, touts self-sustaining modelPolkadot's Treasury is continually replenished by the network's token inflation. Galaxy’s Novogratz says crypto will get favorable regulation regardless of who wins electionsNovogratz said that despite some opposition from certain lawmakers, the majority of US politicians are inclined toward supporting innovation in the crypto industry.
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Bitcoin basis trade unwind reflected in shifting futures market and lack of inflows