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Bitcoin News Roundup for Aug. 4, 2020
With investment opportunities in traditional markets drying up, bitcoin futures are drawing record interest. CoinDesk's Markets Daily is back for your bitcoin news roundup!
Updated Sep 14, 2021, 9:39 a.m. Published Aug 4, 2020, 4:00 p.m.
With investment opportunities in traditional markets drying up, bitcoin futures are drawing record interest. CoinDesk's Markets Daily is back for your bitcoin news roundup!
STORY CONTINUES BELOW
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Today's Stories:
Bitcoin Futures Interest Soars as Bond Yields Fall to Record Lows: Industry Exec
Surging open interest in crypto derivatives suggests investors are seeking alpha in other investments, such as bitcoin, said the co-founder of an index fund provider.
Blockchain Bites: Hedge Fund Down, Banana Bets and the Twitter Hack Fallout
Another crypto hedge fund has called it quits, the teenage Twitter hacker reportedly had millions in bitcoin and Huobi sees DeFi as its next venture.
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XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
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