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Bitcoin (BTC) Futures Volume Surges to $82 Billion Amid Rising Short Positions
Bitcoin (BTC) Futures Volume Surges to $82 Billion Amid Rising Short Positions

Bitcoin futures volume surged to $82.8M, but a rise in short positions suggests traders expect a correction. Will BTC drop or hit $116,000 next?

BeInCrypto·2024/12/17 08:30
Vana Mainnet Launches, $VANA Empowers Data as a New Asset Class in the Global AI Economy
Vana Mainnet Launches, $VANA Empowers Data as a New Asset Class in the Global AI Economy

During the Vana testnet, more than 1.3 million users contributed 6.5 million data points to train their personal AI models. On the mainnet, DataDAO will leverage $VANA tokens to allow users to collectively own, monetize, and manage their own data, taking a seat in the rapidly growing AI economy.

BlockBeats·2024/12/17 03:56
Bitget’s BGB Surges to All-Time High, $4 Price Target in Sight
Bitget’s BGB Surges to All-Time High, $4 Price Target in Sight

Bitget’s BGB surged to a record $3.65, powered by bullish sentiment following its BSP license approval. A $4 price target is within reach if momentum holds.

BeInCrypto·2024/12/17 01:09
Flash
  • 06:25
    Overview of Important Developments on January 17th at Noon
    7:00-12:00 Keywords: Cursor, Phantom, Merit Systems, 1. Tether considers expanding its U.S. operations; 2. AI code editor Cursor completes $105 million Series B financing; 3. Biden advisor warns before resignation: If Trump intervenes with the Federal Reserve, inflation will strike again; 4. Crypto wallet Phantom completes $150 million Series C financing at a $3 billion valuation; 5. U.S. Senator Lummis: Whistleblower claims FDIC digital asset-related documents were destroyed; 6. Insider: Trump plans to issue an executive order prioritizing cryptocurrency as a national policy; 7. Open-source economic infrastructure Merit Systems completes $10 million seed round financing, led by a16z crypto and others.
  • 06:24
    Data: A certain whale has withdrawn over 140,000 LINK from CEX, equivalent to about 3.38 million US dollars
    ChainCatcher news, according to Onchain Lens monitoring, a certain whale has withdrawn 142,448 LINK from CEX, worth 3.38 million US dollars, with an average price of 23.74 US dollars.
  • 06:23
    Traders bet heavily on Bank of Japan raising interest rates next week: "Almost certain to raise interest rates"
    The Golden Finance report shows that the overnight index swap on Friday indicates a 99% chance of the Bank of Japan taking action at its meeting on January 23-24, a significant increase from Wednesday's 71%. The Governor of the Bank of Japan, Kazunari Ueda, reinforced market expectations on Wednesday. His comments drove up the yen. He stated that the central bank will make a decision on raising interest rates next week and expressed growing confidence in wage growth. On Thursday, this signal became even more apparent. Foreign media reports suggest that unless Trump's entry into the White House brings too many surprises, officials at the Bank of Japan believe there is a high likelihood of an interest rate hike. The yen is experiencing its largest weekly gain since late November last year. Japanese government bond yields are rising across the board, with yields on two-year bonds sensitive to monetary policy expectations reaching their highest level since 2008 on Wednesday. "It can now be almost certain that the Bank of Japan will raise interest rates next week," said Yukio Ishizuki, senior foreign exchange strategist at Daiwa Securities in Tokyo. "The final hurdle is Trump's policy but I don't think markets will become extremely volatile because of his inauguration speech."
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