Digifinex Labs: CME Surpasses Binance, Secures Leading Position in Bitcoin Futures Open Interest
In a significant shift, the traditional derivatives marketplace, the Chicago Mercantile Exchange (CME), has dethroned Binance as the dominant force in Bitcoin futures open interest. This change follows Bitcoin’s surge beyond the $37,000 threshold, a milestone not reached in over 18 months. Several analysts have noted this ‘flippening,’ where CME has now claimed the largest share of Bitcoin futures open interest, surpassing the global cryptocurrency exchange, Binance. Open interest is a crucia...
Digifinex Labs: CME Surpasses Binance, Secures Leading Position in Bitcoin Futures Open Interest
In a significant shift, the traditional derivatives marketplace, the Chicago Mercantile Exchange (CME), has dethroned Binance as the dominant force in Bitcoin futures open interest. This change follows Bitcoin’s surge beyond the $37,000 threshold, a milestone not reached in over 18 months. Several analysts have noted this ‘flippening,’ where CME has now claimed the largest share of Bitcoin futures open interest, surpassing the global cryptocurrency exchange, Binance. Open interest is a crucia...
Digifinex: Bitcoin Experiences Short Squeeze, Surging to $35.9K with Elevated Open Interest
Bitcoin Experiences ‘Short Squeeze,’ Pushing BTC Price to $35.9K While Open Interest Remains High Bitcoin’s price action reached $35,900 as it responded to the persistent elevated open interest (OI) on exchanges, according to data from Cointelegraph Markets Pro and TradingView. Earlier, it was reported that the substantial OI of over $15 billion could potentially trigger a fresh round of market volatility. There were concerns that this surge in OI might lead to a decline in BTC prices, and th...
Digifinex: Bitcoin Experiences Short Squeeze, Surging to $35.9K with Elevated Open Interest
Bitcoin Experiences ‘Short Squeeze,’ Pushing BTC Price to $35.9K While Open Interest Remains High Bitcoin’s price action reached $35,900 as it responded to the persistent elevated open interest (OI) on exchanges, according to data from Cointelegraph Markets Pro and TradingView. Earlier, it was reported that the substantial OI of over $15 billion could potentially trigger a fresh round of market volatility. There were concerns that this surge in OI might lead to a decline in BTC prices, and th...
Digifinex: Bitwala Reemerges in Partnership with Striga to Revive Crypto Banking Services
The European cryptocurrency banking platform Bitwala, formerly known as Nuri, is making a comeback after halting operations and returning customer funds last year. Bitwala is relaunching its services under its original name, thanks to a partnership with the banking infrastructure company Striga. The collaboration aims to rejuvenate Bitwala’s offerings, as revealed in a joint announcement to Cointelegraph on November 8th. As part of this partnership, Striga is providing Bitwala with “Banking a...
Digifinex: Bitwala Reemerges in Partnership with Striga to Revive Crypto Banking Services
The European cryptocurrency banking platform Bitwala, formerly known as Nuri, is making a comeback after halting operations and returning customer funds last year. Bitwala is relaunching its services under its original name, thanks to a partnership with the banking infrastructure company Striga. The collaboration aims to rejuvenate Bitwala’s offerings, as revealed in a joint announcement to Cointelegraph on November 8th. As part of this partnership, Striga is providing Bitwala with “Banking a...
Digifinex: Arbitrum DAO Greenlights Staking and Potential Treasury Access
Arbitrum is preparing to distribute over $100 million in its native ARB token to individuals who are willing to lock their tokens within the protocol’s DAO. The decision to introduce a staking mechanism received approval through a governance vote early on Monday. Advocates of the move believe that these payouts will put the substantial Arbitrum treasury to productive use by rewarding long-term token holders. However, critics have expressed concerns that offering high yields could lead to sell...
Digifinex: Arbitrum DAO Greenlights Staking and Potential Treasury Access
Arbitrum is preparing to distribute over $100 million in its native ARB token to individuals who are willing to lock their tokens within the protocol’s DAO. The decision to introduce a staking mechanism received approval through a governance vote early on Monday. Advocates of the move believe that these payouts will put the substantial Arbitrum treasury to productive use by rewarding long-term token holders. However, critics have expressed concerns that offering high yields could lead to sell...
Digifinex: What’s the Potential Duration of Bankman-Fried’s Jail Term After the Trial?
While Sam Bankman-Fried could theoretically face a maximum sentence of over 100 years in prison, legal experts believe that he is unlikely to receive the harshest punishment. Following a recent jury verdict, the FTX founder was found guilty of seven charges, including wire fraud, conspiracy to commit fraud, and conspiracy to commit money laundering. Bankman-Fried’s attorney, Mark Cohen, stated on November 2 that his client “maintains his innocence and will continue to vigorously fight the cha...
Digifinex: What’s the Potential Duration of Bankman-Fried’s Jail Term After the Trial?
While Sam Bankman-Fried could theoretically face a maximum sentence of over 100 years in prison, legal experts believe that he is unlikely to receive the harshest punishment. Following a recent jury verdict, the FTX founder was found guilty of seven charges, including wire fraud, conspiracy to commit fraud, and conspiracy to commit money laundering. Bankman-Fried’s attorney, Mark Cohen, stated on November 2 that his client “maintains his innocence and will continue to vigorously fight the cha...
