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Ethereum’s recent rally against Bitcoin appears to be gaining further strength, with derivatives data signaling a notable change in market sentiment.
On July 29, blockchain analytics firm Glassnode revealed that Ethereum’s share of open interest in the perpetual market has climbed to nearly 40%.
This marks the highest level recorded since April 2023. Historically, only a small fraction of trading...
Algeria has imposed a sweeping ban on all crypto activities, officially criminalizing the use, possession, trading, mining, and promotion of digital assets such as Bitcoin.
The measure, enacted through a legislative amendment passed on July 24 and reported by local outlet Fibladi on July 28, marks one of the harshest crypto crackdowns in Africa.
According to a Chainalysis report, Algeria ranked...
Sumit Gupta, CEO of Indian crypto exchange CoinDCX, has publicly denied reports suggesting the company is in acquisition talks with US-based crypto platform Coinbase.
The speculation emerged after a Livemint report claimed that negotiations were underway between the two crypto trading platforms.
However, Gupta quickly dismissed the claims in a July 29 post on X (formerly Twitter), saying:
“Ignore...
Stablecoin search interest reached an all-time high this month, days before the White House signed the GENIUS Act into law.
New Google Trends data shows that search activity for “stablecoins” peaked globally just as U.S. policymakers finalized a federal framework for payment stablecoins, the first of its kind in the country.
Interest in the term rose steadily in the weeks prior, coinciding with...
BitMine, the largest corporate holder of Ethereum (ETH), believes the asset’s fair value could be as high as $60,000, far above its current market price of around $3,800.
In a July 28 post on X, BitMine also noted that some long-term models place ETH’s potential value at more than $700,000.
[Editor’s Note: At $700,000, Ethereum’s market cap would be $84 trillion. By comparison, if Bitcoin reaches...
Spot Ethereum (ETH) exchange-traded funds (ETFs) are close to breaking the $10 billion mark in inflows this month, as BlackRock’s ETHA makes its way to the spot of fourth-largest ETF by inflows in the last 30 days.
According to Farside Investors’ data, spot Ethereum ETFs accumulated $9.3 billion in inflows as of July 25. This represents a 120% increase from the $4.2 billion registered on July 1,...
Data center Hyperscale Data announced that it has begun purchasing XRP as part of a previously stated plan to acquire up to $10 million of the token, with the company’s shares jumping up to 12% amid the announcement.
The company stated in a July 28 announcement that the reports will summarize digital asset activity from the prior week and display the cumulative XRP held on its balance sheet,...
A fast‑moving fight over mining power consumed Monero’s weekend after Sergey Ivancheglo used X to promote an “economic” campaign to dominate the network’s hashrate, which was met by community resistance.
The fight escalated after Ivancheglo, the figure behind Qubic and better known as Come‑from‑Beyond (CFB), confirmed the takeover intentions with an incentive-driven 51% attack.
As a response, the...
Interactive Brokers is considering launching a stablecoin for customers, a move that would add one of the world’s largest discount brokerages to the list of firms using crypto, Reuters reported on July 28.
Founder Thomas Peterffy said in an interview with the newswire that the company is “working on potentially issuing stablecoins.” However, a final decision on the structure and rollout has not...
Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580 and turning the range floor into tentative support, according to Bitfinex Alpha’s July 28 report.
The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds across major and altcoins.
Leverage runs hot
The brief dip inflicted outsized...