Crypto Futures Trading

2024-03-21 09:59:58 Ethereum stalwarts make push to raise gas limit, aiming for 15-33% reduction in fees

Ethereum Layer 2 transaction fees have dropped massively since the introduction of blobs and some Ethereum community members want to see further gains on the mainnet itself. Ethereum angel investor Eric Conner and Mariano Conti, former head of smart contracts at MakerDAO, are pushing for an increase in the gas limit on Ethereum. They say it could reduce transaction fees by 15-33%.

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2024-03-20 19:44:58 Ethereum Foundation Under Investigation by 'State Authority'

The Ethereum Foundation – the Swiss non-profit organization at the heart of the Ethereum ecosystem – is under investigation by an unnamed "state authority," according to the group's website's GitHub repository. The scope of the investigation and its focus was unknown at press time. According to the GitHub commit dated Feb. 26, 2024, "we have received a voluntary enquiry from a state authority that included a requirement for confidentiality."

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2024-03-20 08:35:00 Bitcoin and ether perpetual futures funding rates still elevated despite downturn in spot prices

Bitcoin and ether perpetual futures funding rates are still elevated despite the spot prices of each asset falling by 7% and 6% respectively, in the past 24 hours. The global cryptocurrency market cap fell 5.8% in the past 24 hours to $2.5 trillion, according to CoinGecko data. This means that speculators are still adding to leveraged longs on the dip," Tuesday's QCP Capital market report said.

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2024-03-19 19:54:59 Grayscale’s GBTC spot bitcoin ETF sees record $642.5 million daily outflow

Grayscale’s converted GBTC spot bitcoin exchange-traded fund saw record daily outflows of $642.5 million on Monday — breaking the prior $640.5 million peak set on Jan. 22. Inflows of $451.5 million from BlackRock’s dominant IBIT ETF were not enough to help overcome GBTC’s outflows, leading to a total net outflow of $154.4 million yesterday for the first time since March 1, according to data from BitMEX Research.

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2024-03-19 08:00:00 Worldcoin clarifies legality issues following Spain’s 3-month ban on its operations

Worldcoin has publicly recently reaffirmed the legality of its operations across the globe amid rising regulatory concerns that have led some countries to halt its operations in their jurisdictions. Despite these hurdles, Worldcoin said it maintains a steadfast commitment to adhering to local and international laws, ensuring its innovative approach to identity verification remains accessible and compliant globally.

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2024-03-18 21:25:00 Spot bitcoin ETFs reach record highs for weekly inflows and trading volume

Weekly net inflows and trading volume for U.S. spot bitcoin exchange-traded funds hit record levels last week as bitcoin reached fresh all-time highs before retreating sharply. Net inflows for the ten spot bitcoin ETFs combined reached $2.57 billion last week — up 15 % from the $2.24 billion worth of inflows generated the week prior — according to data from BitMEX Research and Farside Investors.

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2024-03-18 00:20:33 Unveiling 'Mr. 100' — The Mystery Bitcoin Wallet Linked to Upbit's Cold Storage

In the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that this wallet is actually the cold storage of Upbit, a major South Korean cryptocurrency exchange.

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2024-03-17 12:15:15 Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects 'Some Framework Emerging' From G20 Discussion

Indian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes. Moreover, she noted that India has raised the issue of crypto regulation with the G20, expressing confidence that “there will be some framework emerging.”

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2024-03-16 19:45:00 Solana price approaches $200 for first time since December 2021

The price of solana is rapidly approaching $200 for the first time since December 2021 and the token is now about 20% off it's all-time high. Solana's price is currently $196, according to The Block's Price Page. It's up 16% in the last 24 hours and has reached a market cap of $84.7 billion. The market cap has risen higher than the peak market cap seen in November 2021 and is setting new all-time highs. While solana has a lower price than at its previous peak, the supply has increased considerably, resulting in a higher market cap.

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2024-03-16 11:32:00 Marathon to Acquire Applied Digital's 200 MW Texas Bitcoin Mining Site

On Friday, Applied Digital Corporation (Nasdaq: APLD) revealed the disposal of a 200 MW mining campus situated in Garden City, Texas, to Marathon Digital Holdings (Nasdaq: MARA). Applied Digital conveyed that the property exchanged hands for an approximate value of $87.3 million, with the total gross purchase price reaching $97.3 million, following adjustments specified in the acquisition agreement.

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