The global Crypto Market Cap rose 2% over 24 hours to $ 4.03 trillion when large Cryptocurrencies released winnings.
Bitcoin (BTC) added 2.3% to $ 118,527, ether rose 0.7% to $ 4,293. Solana and XRP advanced every 4.4%, while Dogecoin increased 4.7%.
The rally came together with heavy short liquidations, with a risk sight improved after a relatively calm macrosis session.
Derivatives Location
- The Futures Open Interest (OI) in larger tokens fell over the last 24 hours, indicating a capital outflow. It also suggests that Pristab is driven by the settlement of long positions rather than direct short sales.
- XMR’s eternal futures appear overheated, with the annual financing rates that exceed 200%. The extremely high figure can cause arbitrageurs to take a simultaneous long position in the spot market and a short position in futures, allowing them to safely pocket the financing.
- Financing rates for other larger tokens remain attached to approx. 10%, reflecting a moderate bullish bias.
- On CME, open interest rates for ETH futures increased to 1.70 million from 1.51 million ETH.
- BTC Open interest remained stable near 138K BTC, the lowest since April.
- On dismissal, BTC options show off until August a light bias expired against put or protection options. ETH settings showed a bullish bias across all tenors.
- ETH’s implied volatility (IV) term structure stepped while BTC’s remains unchanged. Streams at OTC Desk Paradigm contained a long position in BTC $ 115K, which expired on August 13 and the demand for $ 150,000 calls expiring in September.
- Volumes were significant with $ 3.3 billion traded with paradigm.
Token Talk
- Ethena surpassed $ 11.89B in Tvl and became the sixth defi-protocol to cross $ 10B and the other non-stodlation model after Aave to do so. Susde Apy is 4.72%and attracts yield -focused investors.
- The protocol’s scale emphasizes growing appetite for non-standing defi models and can affect future design. Market reaction has been largely positive, with industrial figures that notice the importance of the milestone.
- USDE maintains a $ 1-stick with a $ 10.48B market hood and $ 371.97 million. In 24-hour volume.
- Polymarket will transfer Umas Orakel from OOV2 to MOOV2 following government approval that limits proposals for market resolution to a whitelist of monitored participants.
- The change aims to reduce disputes and market manipulation by ensuring that proposals are submitted by experienced users while keeping dispute rights open to everyone.
- The initial whitelist includes 37 addresses, with the shift framed as moving from open debates to a more controlled Council’s dissolution process.
- Pudgy Penguins Secured Formula 1 branding on the Singapore Grand Prix after winning Kraken’s Memecoin Trading Contest. Pengu -Branding appears on Williams Racings FW47 car.
- Token rose 55.1% over the past 30 days while dipping 11.8% in 24 hours, partly rebounding with a 1.4% intradag gut.
- Exposure is expected to increase visibility among mainstream audiences and strengthen Kraken’s push in sports-bound crypt areas.
