Crypto Futures Trading

2023-04-17 11:48:35 #DYDX The first target has been reached. For me, it's a +9% profit. For those who entered later on the update, it's up to +19%. At the moment, an ascending triangle can be seen on the chart.

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2023-04-17 11:45:07 Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork

Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March 14, a total of 281,498 ether worth $592 million have been added to these protocols.

As of April 15, 2023, there’s $53.68 billion total value locked (TVL) across various decentralized finance (defi) protocols. Around $16.96 billion or 31% of today’s defi TVL is in staked ether. Lido’s TVL stands at approximately $12.74 billion, accounting for 23.74% of defi’s locked value. The rising price of ethereum (ETH), above the $2,100 per unit range, along with deposits into ETH-based liquid staking protocols have contributed to an increase in value for these platforms. Shapella hard fork integration, a total of 332,368 ether has been withdrawn from the validator queue. Current pending withdrawals account for about 1.48 million ether worth of funds.

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2023-04-16 11:43:02 Binance Futures Delisting STEPN, Near, And Avalanche BUSD Perps From Trading

Binance Futures recently made an announcement stating that it would be closing all positions for its USDⓈ-margined perpetual contracts for STEPN’s, Near Protocol’s and Avalanche’s native crypto assets’ BUSD pairs. This move has come as a surprise to investors and analysts alike. While the closure will follow an automatic settlement, which will occur on April 18 at 9 a.m. UTC, according to a statement.

Binance Futures is also adjusting leverage and margin tiers for the same perpetual contracts by lowering them. The change will take place on April 14 at 3 p.m. UTC. This move has led many to question the reasoning behind the sudden change in policy. For those unaware, USDⓈ-margined futures on Binance Futures use Tether’s USDT and Binance USD (BUSD) as collateral and offer isolated or cross margin types. They are settled in dollar-pegged assets, making it easy for users to calculate fiat returns (as opposed to coin-margined contracts). However, this move by Binance Futures to delist and update the leverage margin tiers of USDⓈ-margined perpetual contracts for STEPN’s.

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2023-04-15 13:16:48 #SAND The price here has followed the plan accurately as well. I anticipate further growth.

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2023-04-15 09:03:02 Arbitrum Proposal To Return 750 Million Tokens Slated To Fail

With just one day left to cast governance votes, Arbitrum Improvement Proposal 1.05, which seeks to refund 700 million ARB tokens “unjustly allocated to the Foundation from the DAO,” is expected to lose by a landslide. As of this writing, 113 million Arbitrum governance tokens have voted against the proposal, representing more than 83.35% of the overall vote. 20 million ARB tokens voted in favor of the proposition, while 2.2 million abstained.

To address the collapse of crypto governance, the Arbitrum Foundation proposed two additional ideas on increasing the custody and control of ARB token holders. The first proposal, AIP-1.1, calls for the Foundation’s remaining 700 million ARBs to be put in a smart contract-controlled lock that will be freed over the course of four years. The idea seems to have gone through despite the fact that token holders voted heavily against it. There is even evidence that the project has gone through the community’s scrutiny, arbitrarily moved, and sold the number of tokens listed above. The second proposal, AIP-1.2, attempts to change many governance documents in this ecosystem.

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2023-04-14 14:54:35 #FTM Has also hit the first target, resulting in a gain of +7%. Now, an ascending triangle has been formed. Will keep on holding.

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2023-04-14 13:02:36 #SUPER I see a bullish pennant or ascending triangle on the chart, so I'm going to enter here. Have set targets on chart accordingly.

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2023-04-14 12:53:46 #OGN I see an upwards bullish flag breakout. Purchasing at the current price and also placing an order to average down.

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2023-04-14 12:38:46 #DOT The first target has been reached, and there is also absorption of the high forming the downward resistance.

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2023-04-14 09:54:03 ETH Shanghai Upgrade Successfully With 18.15 Million ETH Committed Accumulation

Ethereum’s most important ETH Shanghai upgrade in 2023 long awaited by the community – has officially been successfully activated. The Shanghai hard fork is a significant milestone to change the Ethereum network. “Shapella” is the next upgrade in the predetermined roadmap after The Merge. One of the crucial proposals above is EIP-4895, which helps unlock the “huge” amount of staking ETH for Ethereum 2.0 belonging to The Merge.

Ethereum has opened a staking contract for ETH 2.0 since December 2020, meaning it has been almost 3 years since the money was detained. Currently, the amount locked has reached more than 18.15 million ETH, worth about 34,5 billion USD, at the price of 1,1917 USD/ETH. These coins represent about 15% of all ETH in circulation. Therefore, the price of ETH in the upcoming leg will be significantly affected if stakers decide to take profits after 3 years. After the upgrade, the net withdrawal amount exceeded 10,000 ETH. However, according to Glassnode’s analysis, even in the most extreme case where all of the above ETH is dumped.

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