Coindesk

The bitcoin (BTC) price has jumped 2% to $87,800 since midnight UTC. The increase has been accompanied by an uptick in future open interest on Binance, validating the buoyant market mood to signal sustainable gains.The open interest in the BTC-USDT futures listed on the exchange has increased by roughly 7,000 BTC ($614.6 million) since the early Asian trading hours, according to data tracked by Coinglass and Velo Data. Open interest refers to the number of active, or open, contracts at a given time.Furthermore, funding rates on Binance have held positive to suggest a bias for leveraged bullish (long) bets."This is a good sign, volatility is coming," Coinglass said, referring to the notable increase in open interest.Source link

Crypto market maker and investor DWF Labs said it established a $250 million fund for investment in mid and large-cap cryptocurrency projects.Investment sizes will range from $10 million to $50 million per project, providing capital and ecosystem support, DWF Labs said in a Monday email.The firm emerged as a prolific crypto industry investor in 2023, with much of its investments involving buying several million dollars' worth of a project's native token. The approach, which differs from the traditional venture capital model of investing in return for equity, drew some criticism from commentators. DWF Labs' position as a market maker meant they kept their tokens on exchanges, indicating a risk they could sell them at any time. Managing partner Andrei Grachev...

The number of ether (ETH) held in wallets tied to centralized exchanges has dropped to an over nine-year low of 8.97 million tokens, according to data tracked by CryptoRank and Santiment. That's the lowest tally since November 2015.The continued exodus of coins from centralized trading platforms may result in reduced availability of coins in the market, potentially leading to an upward price surge."Investors continue moving ETH to cold storage, reducing available liquidity. BTC saw a similar trend in January when exchange reserves hit a 7-year low, followed by a sharp price surge," CryptoRank said.The number of BTC held on centralized exchanges hit a seven-year low on Jan. 13 following which prices climbed from roughly $90K to over $109K in the...

Bitcoin (BTC) topped $87,000 early Monday with solana (SOL), xrp (XRP) and dogecoin (DOGE) adding more than 4% to start the week in the green as traders eyed the release of further U.S. economic data for cues on further positioning.Bitcoin mostly hovered around $85,000 over the weekend, restrained by concern over inflation and the broader U.S. economy. SOL led gains among major cryptocurrencies with a 5% bump in the past 24 hours, while tron’s TRX led losses, dropping 4% to further pare gains after a memecoin-led price bump last week.A risk-off mood persists, but is weakened amid reports suggesting that the U.S. tariffs due April 2 might be more measured than initially expected.“Investors are remaining cautious on the upcoming price...

Tokyo-based investment firm Metaplanet said Monday it had acquired an additional 150 bitcoin (BTC) to bring its total holdings to 3,350 BTC, valued at approximately $291 million at current market rates.The purchase comes just days after the company made Eric Trump, son of U.S. President Donald Trump, to its newly formed strategic advisory board. He is expected to bring a high-profile perspective to Metaplanet’s ambitions.Metaplanet is working to boost its value for shareholders by buying and holding bitcoin, using a measure called BTC Yield to track how well this plan is working.BTC Yield shows the percentage change in the amount of Bitcoin they own compared to the total number of shares, over a set time. From July to September 2024,...