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According to the latest whispers from Coinglass, the open interest (OI) in Bitcoin futures stands at a staggering 677,750 BTC-worth a comfortable $70.24 billion. That’s up by 3.47% in just 24 hours. The CME is still flexing with a $14.35 billion lead, though Binance isn’t far behind, with $12.45 billion in OI.
Whales, those greedy monsters, heave 400,000 Bitcoin into the abyss this October, causing waves of panic and ripples of doubt. Meanwhile, the jet-set crowd turns their gaze elsewhere-gold, AI, stablecoins-like restless children abandoning their toys in the mud. The market, ever fickle, trembles under the weight of leveraged liquidations. Truly, the chaos of capitalism knows no ground, no rhythm, just frantic pounding. 🐋💸
According to the announcement shared with Bitcoin.com News, the new platform dubbed iBuild operates on Injective’s MultiVM infrastructure, offering rapid deployment, cross-chain compatibility, and simplified creation tools that lower the barrier to entry for blockchain developers. 🏗️
The crypto market, that fickle mistress, liquidated a cool $1.7 billion in positions within a single day, with Bitcoin alone shedding $487 million. Traders, scarred by October’s flash crash, have retreated to their bunkers, their fingers hovering nervously over sell buttons. Seasonality, that once-reliable soothsayer, has abandoned them, leaving only silence and the faint scent of despair. 🤡
So, our dynamic duo-Zama and KKRT Labs-has agreed to pause their Netflix binges and accelerate the scalability of the Zama Protocol. Just picture it: the duo is aiming for the sky, hoping to squeeze out 10,000+ confidential transactions per second on beloved public chains like Ethereum and Solana, while the rest of us are still figuring out how to transfer our breakfast money to a friend. Talk about a tech advantage! 🚀
In a press release slicker than a greased pig, Hinkal announced its Invisible Wallet, a contraption designed to keep your digital dealings under wraps. Georgi Koreli, the big cheese at Hinkal, quipped, “Privacy’s a right, not a privilege. You wouldn’t hand your bank statement to a stranger, so why let your crypto transactions hang out like dirty laundry?” 🤔
Last month’s chaos was all about leveraged futures blowing up like overcooked popcorn. Now it’s the spot market’s turn to play pin-the-tail-on-the-bear-market 🎯. Spoiler: The tail is winning.
Julio Moreno, the high priest of CryptoQuant’s research, declared with all the gravitas of a Shakespearean tragedian: “It was the final confirmation to the start of the 2022 bear market.” One can almost hear the doom-laden echo of his words as he added, “The price needs to cross back above it quickly.” 🏃♂️💨
This marks the inaugural instance of a BTC digital asset treasury (DAT) firm parting with its treasures. The move hath provoked whispers of trepidation regarding such strategies, as if the market itself were a fickle suitor.
