Markets

Markets

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Crypto Perp DEX Mania May Quickly Fizzle Out, BitMEX CEO Says

A competitive battle has erupted in the perpetual decentralized exchange sector, with emerging platforms like Aster and Lighter significantly challenging Hyperliquid’s former dominance.

BitMEX CEO Stephan Lutz presents at Token2049 (BitMEX)

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XRP Futures See Institutional Adoption, Solana Futures Hit $1B OI in 5 Months, Outpacing Bitcoin and Ether: CME Group

Institutional investors are increasingly adopting CME's futures for XRP and solana, the exchange's global head of equity and FX products said.

A trader in front of screens. (sergeitokmakov/Pixabay/Modified by CoinDesk)

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Traders Eye September Jobs Report for Cues on Bitcoin Breakout Above $120K

The Fed’s most recent rate cut initially provided a modest boost to Bitcoin, but investors say the path forward depends less on past easing than on Powell’s Tuesday speech and upcoming jobs data that is scheduled to be released on Friday.

(CoinDesk)

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Crypto Markets Today: BTC, ETH Hold Gains as Aster’s Leverage-Fueled Volume Hits $64B

BTC and ETH edge higher as derivatives metrics flash a tentative bullish tilt, while new DEX Aster grabs $64B in daily volume with extreme leverage despite weak token performance.

Aster hits $64 billion in daily volume as traders flock to leverage (Creative Commons)

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Leveraged Bitcoin Longs are Back in Force, Trading Firm Says

BTC's perpetual open interest and funding rates are rising again, QCP Capital noted.

(Sternschnuppenreiter/Pixabay)

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FTX Payouts, U.S. Tariffs, Nonfarm Payrolls: Crypto Week Ahead

Your look at what's coming in the week starting Sept. 29

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

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Crypto Markets Today: Warning Signals as Bitcoin's Strongest Month of the Year Approaches

October is the month in which bitcoin, on average, posts its best returns.

An array of flashing orange warning lights at the side of a road.

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Hyped 'Baby Shark' Token on Story Protocol Drops 90% as Creator Denies Authorizing Isssue

The token, pitched as an official Baby Shark play, was not an authorized product, brand-owner Pinkfong said.

Luggage trolley with Baby Shark pictures

Mercati

Crypto Market Today: Risk-Off Sentiment Dominates Ahead of U.S. PCE Release

The crypto market is a sea of red, with the CoinDesk 20 Index down 5% in 24 hours and all members lower.

Yellow tape saying "Caution" blocks access to a dangerous area. (Gaertringen/Pixabay)

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Near $30M Ether Wipeout on Hyperliquid Stands Out as Crypto Market Sees $1B in Liquidation

A $29.1 million ETH-USD long hit was indicative of the growing role of decentralized perpetual exchanges in driving liquidations.

A bear roars