Crypto Futures Trading

2023-07-15 16:01:02 Crypto.com Announces XRP Listing

Crypto.com has recently announced the listing of XRP, one of the most well-known cryptocurrencies, on its trading platform. This development opens up new opportunities for traders and enthusiasts to engage with XRP and benefit from its potential. With this listing, Crypto.com users can now trade Ripple against more than 20 legal currencies, including the US dollar, euro, and British pound. The addition of Ripple to Crypto.com’s extensive list of supported cryptocurrencies further enhances the platform’s versatility and accessibility for users worldwide.

This news comes on the heels of recent announcements from other major cryptocurrency exchanges. Kraken Pro, for instance, has recently launched XRP exchanges in the United States, providing American traders with additional options to engage with the digital asset. Similarly, Gemini, a prominent exchange platform, is reportedly exploring the launch of Ripple derivatives and spot exchanges, aiming to capitalize on the growing demand for Ripple trading products. The inclusion of XRP on various trading platforms signifies the increasing recognition and adoption of the cryptocurrency within the mainstream market. XRP’s unique features and potential use cases have attracted significant interest from investors and traders alike, driving its integration into prominent exchanges.

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2023-07-14 15:54:14 #BTC I want to explain it in a simpler terms. The weekend is coming soon. But we shouldn't worry about what will during that time. Instead, we should pay attention to where the session closes on Monday — that will set further priorities:

Should we close near resistance, we'll go for a breakout. However, if the closing price remains within the channel, we will go downward by distribution.

To simplify it even further:

• Price in the black rectangle - upward.
• Price in the red rectangle - downward.

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2023-07-14 14:04:45 #BTC In the Wyckoff distribution phase?

Let's dive in: Currently, we have everything that ought to be in place up to the UTAD point.

• Impulsive growth before distribution.

• PS (Previous Support) - where the preliminary market offer appears after impulsive growth.

• BC (Buying Climax) - where buyers reach the peak of their activity.

• AR (Automatic Reaction) - where the price establishes the lower bound of the cycle.

• ST (Secondary Test) - where we can see a retest of resistance from BC.

• UT (Upthrust) - a false breakout/fakeout of resistance where sellers push the price back to support immediately.

And the cherished UTAD (Upthrust After Distribution), where the price finally breaks resistance but still ends up going down inside the channel. Within the channel, it has nowhere else to go but down, towards support, and there is no potential for a reversal from support. Therefore, the price continues to move downward.

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2023-07-14 12:22:02 Arrakis Finance Links Liquidity Management To OKX Web3 Wallet

Arrakis Finance, the Uniswap V3 LP automated management protocol, has officially integrated with OKX Web3 wallet, according to the project’s official website. Arrakis Finance provides an automated execution engine for Ethereum smart contracts. Through Arrakis Vaults, users and project parties can directly contribute liquidity and receive ERC-20 LP tokens. The platform injects liquidity into Uniswap V3 and utilizes various strategies to optimize LP earnings, enhancing the profitability of liquidity providers.

OKX Web3 wallet, known for its comprehensive heterogeneous multi-chain support, encompasses various features such as wallets, DEX, earning coins, NFT marketplace, and DApp discovery. With support for over 60 public chains and consolidation of apps, plugins, and websites, OKX Web3 wallet offers a versatile and user-friendly experience. Additionally, the wallet will soon introduce support for AA account abstraction, further enhancing its functionality. The integration between Arrakis Finance and OKX Web3 wallet enables users to seamlessly manage their liquidity through the trusted OKX wallet interface. By leveraging the extensive capabilities of OKX Web3 wallet, users can conveniently access liquidity management tools.

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2023-07-13 09:57:02 Cosmos’ largest DEX, Osmosis, adds concentrated liquidity on network

Osmosis, the largest decentralized exchange protocol on the Cosmos network, has introduced a variant of concentrated liquidity pools called “supercharged liquidity” with the aim of improving capital efficiency of the network. Osmosis operates as a decentralized exchange-based blockchain in the Cosmos ecosystem that facilitates the creation and management of customizable liquidity bootstrapped pools (LBPs) with adjustable bonding curves. Currently, Osmosis has the most significant number of daily active users within the Cosmos ecosystem.

The supercharged liquidity feature is meant to enable liquidity providers (LPs) to designate specific price ranges for their liquidity. Until now, the platform has allowed LPs to provide liquidity across an infinite range, which led to capital being spread over all possible price points of an asset pair. This can result in capital being locked up at price points that see little trading activity, potentially decreasing capital efficiency. The mechanism allows LPs to concentrate their capital on specific price ranges, potentially resulting in more efficient use of their funds. Osmosis estimates suggest that this new feature could improve capital efficiency more than 100 to 300 times compared to their previous model.

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2023-07-12 16:16:03 Arbitrum-based Rodeo Finance loses $888,000 in latest DeFi exploit: PeckShield

Rodeo Finance, a DeFi protocol on Arbitrum, seemingly fell victim to a oracle manipulation attack on Tuesday, with the perpetrator making off with about 472 ether ($888,000), the latest in a series of recent crypto exploits. Blockchain security firm PeckShield, which initially detected the incident, conducted further analysis of on-chain data. Its analysis indicates that the attacker transferred the ill-gotten gains from Arbitrum to Ethereum. They then exchanged the stolen tokens for various other assets before converting them back to ether.

The final stage of the exploit saw the ether being routed through Tornado Cash, a popular transaction mixer on the Ethereum network, effectively obfuscating the trail of funds. The Rodeo Finance team has not yet issued a response or statement regarding the incident. Igor Igamberdiev, the head of research at Wintermute, told The Block the attack was a “TWAP oracle manipulation.” In the DeFi realm, TWAP, or Time-Weighted Average Price, serves as an oracle to calculate the average price of an asset over a specific time frame. This method is typically employed to mitigate the effects of brief spikes in price volatility. DeFi hackers manipulate TWAP oracles by artificially skewing the calculated average price.

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2023-07-11 13:50:03 Hong Kong’s Crypto License Gold Rush Leaves Job Seekers Empty-Handed

According to recruitment executives, despite the excitement surrounding crypto firms’ entry into Hong Kong, there have been no in-country hires so far. Some firms have even reportedly spent up to $25 million to acquire one. Sue Wei, managing director of major recruitment firm Hays, that while exchanges have been looking to establish a base in Hong Kong, the industry’s hiring needs are currently “light.” However, she anticipates that as many Web3 companies continue to grow and mature, there will be an increase in job openings.

Wei also mentioned a significant decrease in requests for recruiting technical talent since the dip in the crypto market. She said that when talent was laid off en masse, some people became hesitant to work at a crypto company due to the business’s unstable nature, which primarily relies on the prices of crypto. Similarly, founder of crypto recruiter Cryptorecruit, Neil Dundon, said he has not noticed much activity in Hong Kong. Although he thinks the market has bottomed out, he expects it to start trending upward from now on. Olga Yung, managing director of Michael Page Hong Kong, stated that she has yet to see a significant increase in people seeking jobs in Web3, despite the government’s recent push.

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2023-07-10 15:27:02 Lightning Labs releases tools to integrate Bitcoin, Lightning Network with AI

Lightning Labs, a company specializing in infrastructure development for the Bitcoin Lightning Network, has introduced a new suite of developer tools designed to integrate Bitcoin with artificial intelligence (AI) applications and Large Language Models (LLMs) like Google Bard or ChatGPT per an update on July 6. Among the tools released include LangChainBitcoin for AI agents to interact directly with Bitcoin and its layer-2 platform, the Lightning Network.

Utilizing the L402 protocol, these tools enable AI applications to handle Bitcoin payments, including sending and receiving funds, both on-chain and on the Lightning Network. The L402 protocol was developed expressly by the Lightning Labs team and has emerged as a standard through which the platform will interface the world’s most valuable coin with popular AI solutions. The Lightning Network is a layer-2 network on the Bitcoin blockchain. It allows for fast, cheap, and scalable payments. It is this feature that Lightning Labs, in their release, said they are banking on creating a solution that is cheaper for LLM services.

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2023-07-09 16:41:02 Bitcoin Spot ETF Will Open Door to New Investors: Volatility Shares Co-Founder

The Bitcoin rally that rode in on the back of investment titan BlackRock’s application for an exchange traded fund for spot markets is still going. Now, with the launch of the first ETF in Bitcoin leveraged futures, hopes are rising that a spot ETF will be next. For many investors, BlackRock’s success could herald a new stage of institutional investors getting involved with Bitcoin, especially if it cracks open the door for other filers to follow it through.

In an interview with Decrypt, Justin Young, Volatility Shares' co-founder and president, said that investors looking to get exposure to Bitcoin are looking for the "easiest and most regulated way" to invest in it. For this reason, he said the spot ETF may be the most effective way to do that. Since BlackRock filed for a spot ETF on June 15, Bitcoin’s price has reached its highest levels in over a year. Its application was followed by others, like Fidelity, Valkyrie, and Invesco among others. Though the hype is strong, it runs up against a Securities and Exchange Commission that has capsized previous ETF applicants looking to get involved in Bitcoin spot markets, because of concerns around risks there.

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2023-07-08 18:55:08 Polygon Labs names new CEO after previously ditching that role

Polygon Labs has promoted its chief legal officer Marc Boiron to chief executive officer in a newly recreated role. Boiron's promotion comes almost a year after he joined Polygon Labs last August from dYdX, a DeFi protocol. Boiron is an "ideal" person for the CEO role given his extensive involvement in shaping the Polygon Labs strategy and successful management of multiple departments for many months, the nine Polygon co-founders said in a joint statement shared with The Block.

Boiron's appointment as CEO comes one and a half years after Polygon Labs said in December 2021 it could no longer have C-suite positions because the project is decentralized. At the time, Polygon co-founder Jaynti Kanani was also the CEO and Polygon co-founder Sandeep Nailwal was also the chief operating officer. When asked why it was bringing back the CEO role, a Polygon Labs spokesperson told The Block that the organization has and will continue to be founder-led and that Boiron, as CEO, will lead both the engineering and business teams. With today's management reshuffle, Nailwal has now become executive chairman of Polygon Labs, where he will continue to actively shape day-to-day business activities.

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