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Bitget launched ADAUSD futures on May 10 , 2024 (UTC+8) with a maximum leverage of 20x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. ADAUSD (COIN-M Perpetual Futures): Parameters Details Listing time May 10, 2024 8:00 (UTC) Underlying asset ADA Settlement
The three spot bitcoin ETFs in Hong Kong saw about 90.16 BTC leave the products on Thursday, according to SosoValue.The total trading volume of the three ETFs amounted to $2.06 million on Thursday, down from $9.74 million on April 30, their first trading day.
The 11 spot bitcoin ETFs in the U.S. recorded a total daily net outflow of $11.29 million on Thursday.Only Grayscale’s GBTC saw net outflows on the day.
Institutional Crypto Research Written by Experts
The revenue sources of the Ethena protocol are spot collateral yield + funding rate revenue from short positions. The introduction of BTC collateral dilutes the collateral yield rate, while market calmness and a significant reduction in Ethena's short positions have decreased the funding rate revenue.
“A vote for Biden is a vote against the American cryptocurrency industry,” said Charles Hoskinson in a video that lashed the White House for its ongoing treatment of crypto in the United States.
In the foreseeable future, the growth curve of Bitcoin's programmability will enter an accelerated growth phase, and the assets, users, and applications of the Bitcoin ecosystem will usher in a wave of explosive growth in the Cambrian era.
- 02:14Fidelity Report: Ethereum leads with strong fundamentals, Solana's short-term performance is impressiveAccording to The Block, Fidelity Digital Assets stated in its 2025 outlook report that Ethereum is superior to Solana in the long term due to fundamental factors such as developer activity, total value locked (TVL), and stablecoin supply. However, Solana has a short-term advantage with its rapidly increasing transaction speed and low cost. The report pointed out that Solana's revenue and TVL are growing faster, but its reliance on memecoin transactions shows strong performance in bull markets and may weaken in bear markets. In contrast, Ethereum's fundamentals rely less on speculation and have stronger long-term stability. Solana plans to significantly increase transaction speed through the Firedancer upgrade, while Ethereum's Pectra upgrade focuses on functionality, scalability, and user security but has less direct impact on ETH investment value. Fidelity also favors Bitcoin, believing more countries and institutions may include Bitcoin in their asset allocation by 2025. It predicts continued growth for stablecoins and tokenized assets with new innovations coming into the DeFi sector. Fidelity emphasizes that it is "still not too late" to enter the crypto market.
- 02:13The home of Moonbirds founder Kevin Rose was destroyed by a wildfire in Los AngelesThe Los Angeles residence of Kevin Rose, the founder of NFT company PROOF, was completely destroyed in recent California wildfires. Rose shared images on the social platform Threads of his burnt-out car and house, stating: "It's unfortunate that everything was lost in the fire, nothing is left."
- 02:10Market dynamics on January 13: Bitcoin fluctuates and falls, the weekly line has brokenI. Market Dynamics: 1. Bitcoin is fluctuating and falling, with the weekly line breaking its position. Altcoins are also in a state of fluctuation, weakening the market's money-making effect. 2. U.S stocks have fallen sharply, with the yield on 10-year U.S Treasury bonds nearing a peak of 5%. The market expects that the Federal Reserve will only cut interest rates once this year in October. However, if the slide in U.S stocks forces Trump's administration to make concessions on tariff issues, February or March could be bullish opportunities. II. Market Focus: 1. New coins AIXBT and Cookie have both completely fallen back to pre-issue levels. The Cookie project took advantage of this opportunity to sell their supply on BN. 2. Leading projects in blockchain AI field such as Virtual, AI16Z, ARC, Fartcoin continue to plummet dramatically. The founder of AI16Z has been accused of standing for competitor AI DAO which caused community resentment . On another note , Holo from blockchain-based AI projects has grown somewhat . Holo is a platform that can clone celebrity AI agents based on language models but it faces low competitive barriers . 3.Meme categories like PNUT,UFD,CWH etc all experienced significant increases.UFD was once very popular; CWH is a mixed breed short-haired cat themed coin.The quality of newly released AI projects has declined,the community aesthetic fatigue,and funds began flowing from the field of artificial intelligence towards meme category 4.Ondo under RWA unlocked $24 billion this week,reaching 130%of circulating supply.