The global crypto market capitalization rose by 2% to $ 4.03 trillion in the last 24 hours when large cryptocurrencies gained profits.
Bitcoin
In addition to heavy short liquidations, the rallies came, where the risk sentiment was improving after a relatively quiet macros session.
Derivatives Positioning
- Futures Open Interest (OI) in large tokens has fallen over the past 24 hours, which indicates a capital outflow. It also indicates price losses that are powered by setting up long positions instead of outright short sale.
- The eternal futures of XMR seem overheated, with annual financing percentages of more than 200%. The extremely high figure can encourage arbitrators to take a simultaneous long position on the spot market and a short position in futures, so that they can use the financing safely.
- Financing percentages for other large tokens remain attached to around 10%, which reflects a moderate bullish bias.
- On the CME, the open interest in ETH Futures rose to 1.70 million from 1.51 million ETH.
- BTC Open interest remained stable in the vicinity of 138k BTC, the lowest since April.
- On Deribit, BTC options show a slight bias to well or protection, options until August. ETH options showed a bullish bias for all tenors.
- ETH’s implicit volatility (IV) term structure has stalled while BTCs remain unchanged. Flows at OTC Desk Paradigm contained a long position in the BTC $ 115k well on August 13 and the demand for $ 150k calls that end in September.
- Volumes were considerable, with $ 3.3 billion traded on paradigm.
Token talk
- Ethena Outruped $ 11.89 billion in TVL and became the sixth Defi protocol to cross $ 10b and the second non-stroke model after Aave to do this. The Susde Apy is 4.72%and attracts yield -oriented investors.
- The scale of the protocol underlines the growing appetite for non-inside defi models and can influence future designs. The market reaction has broadly been positive, with figures in the industry noticing the meaning of the milestone.
- Usde maintains a PEG of $ 1 with a market capitalization of $ 10.48 billion and $ 371.97 million in 24-hour volume.
- Polymarket Will transfer the Oracle of UMA from OOV2 to MOOV2 after approval of the governance, which limits marketing oil proposals to a white list of read -through participants.
- The change is intended to reduce disputes and market manipulation by ensuring that proposals are submitted by experienced users, while the dispute rights open to everyone.
- The first white list contains 37 addresses, where the shift was framed as switching from open debates to a more controlled resolution process in the council style.
- Pudgy Penguins Secure Formula 1 Branding in the Singapore Grand Prix after winning Kraken’s Memecoin Trading match. Pengu Branding appears on the FW47 car from Williams Racing.
- The Token won 55.1% in the last 30 days, while in 24 hours it fell 11.8%, partly returning with a 1.4% intraday win.
- The exposure is expected to increase the visibility of the regular public and kraken’s push in sports-linked crypto-promotions.
