The Global Crypto Market Cap rose 2% to $ 4.03 trillion in the last 24 hours as the major cryptocurrency gained profit.
Bitcoin (BTC) rose 2.3% to $ 118,527, Ether 0.7% to $ 4,293. Solana and XRP each advanced 4.4% while Dogcoin received 4.7%.
The rallies came up with heavy short liquidation, which improved the feeling of risk after a relatively quiet macro session.
Derivative position
- Futures Open Interest (OI) in the major tokens has decreased in the last 24 hours, indicating a capital outflow. It is also suggested by value loss that is being operated by ignoring long positions rather than lump sum.
- The XMR always appears to be overheat, with the annual funding rate more than 200%. The extremely high figure can motivate the mediators to take a short position together in the spot market and a short position in the futures, allowing them to safely bring funding into the pocket.
- Funding rates for other major tokens are pinned at about 10%, which reflects a slight rapid bias.
- On CME, the open interest in ETH futures rose to 1.51 million ETH to 1.70 million.
- The BTC open interest remained stable with 138k BTC, the lowest after April.
- On the deribit, the BTC option put for the end of August, or protective, shows a minor bias towards the options. ETH options showed a rapid bias in all tenors.
- The inherent instability (iv) of EthH stands while the BTC remains unchanged. The flow in the OTC desk paradigm had a long position in the BTC $ 115k, which ended on August 13 and demanded a demand for $ 150K calls in September.
- Volumes were sufficient with a trading of $ 3.3 billion in the paradigm.
Token talk
- Athena Crossed the $ 11.89b in TVL, the sixth Defi protocol to cross $ 10B became the second non-staking model after Aave to do so. Susde APY sits at 4.72%, attracting yield-focused investors.
- The scale of the protocol underlines rising appetite for non-staking DEFI models and can affect future designs. The market response has been roughly positive, keeping in mind the importance of milestones with industry data.
- Usde holds $ 1 peg and 24-hour with $ 10.48B market cap and $ 371.97m.
- Polymarket Following the approval of governance, the Orack of the UMA from the Moov2 to the Moov2 will infection, which will restrict the proposals of the market to a whity of the participants.
- The purpose of change is to reduce disputes, by ensuring that we keep the dispute rights open, proposals are submitted by experienced users.
- The initial whitestick consists of 37 addresses, which is implicated in a more controlled council-style resolution process from an open debate with shifts.
- Puggy penguin Formula 1 branding in Singapore Grand Prix after winning Crackon’s Memcoin Trading Competition. Pengu branding will appear on the FW47 car of Williams Racing.
- In the last 30 days, the tokens increased by 55.1%, while in 24 hours a dip 11.8%, partially rebounding with 1.4% intraday benefits.
- Exposure expects exposure to promote visibility among the mainstream audiences and strengthen the push of crackon in sports-linked crypto promotion.
