Maturity of the Crypto Derivatives Market Attracting More Institutional Investors

In a Cointelegraph China Great Bay Area International Blockchain Week pre-event interview on July 29, Ben Zhou, CEO of derivative exchange Bybit, argued that the maturity of the derivatives market is the main reason for institutions to enter the crypto space.  Biggest concerns for institutional investors   Zhou says that the biggest concern for any institution exploring crypto is the need for proper financial tools to run risk management. Risk management is out of reach without a functional, robust derivatives market. He stressed that:  “Derivatives markets serve a vital function by…

Aave Ascends Market Rankings as Flash Loans Explode

Decentralized finance (DeFi) loan protocol Aave has seen an explosion in the number of flash loans issued — with the daily value of said loans growing more than 1,000% since the start of July from $11 million to more than $130 million as of July 27. The record loan issuance has seen Aave ascend to rank as the fourth-largest DeFi protocol by locked funds, with nearly $392.9 million in capital currently tied to the project, according to DeFi Pulse. The value of Aave’s LEND token has also exploded by nearly…

ETH Activity in Q2 Similar to That Before 2017 ICO Market Boom

Though some on-chain activity for Ethereum is similar to the conditions before the price rallied to its all-time high in 2018, it failed to demonstrate the same bullish behavior in 2020. According to a July report from Xangle Research on Decentralized Finance (DeFi) in Q2 2020, research analyst Jehn Kim determined that on-chain transaction volume on the Ethereum blockchain increased roughly 62%, around a 52-week high on June 23. Transaction fees also rose approximately 688%.  The analyst noted that these on-chain stats “partially resemble the spike seen during the bull…

How Crypto Market Fear And Greed Be Used Profitably As A Trade Trigger

Investing in Bitcoin is a wild and bumpy ride. Some choose to “HODL,” while others decide to trade the normally volatile crypto asset. Both are subject to extreme fluctuations in price, however, traders can turn market sentiment into a profitable trading signal. Here’s how the cryptocurrency market fear and greed index can be used as a trade trigger, along with a clear anomaly where such a strategy proved completely ineffective. Contrarian Trading Against Speculative Sentiment And Hype Sentiment in the crypto market is nearly as all over the place as…

How OmiseGo (OMG)’s Entrance Into a Japanese Market Could Catalyze a New Uptrend

The federal agency in charge of regulating digital assets in Japan, the Financial Services Agency (FSA), has given OMG Network, formerly known as OmiseGo, the green light for the sale of its native token in the nation. As a result, Japan-based cryptocurrency exchange GMO Coin announced in a recent blog post that it will list OMG on its retail trading platform. By adding support to this altcoin, the FSA-licensed cryptocurrency exchange opens the gates for a whole new market to buy, sell, and accumulate it. The move was welcomed by…

Bitcoin Smashes Heavy Uptrend Resistance as Bulls Take Over Crypto Market

Bitcoin gained around 2% and it broke the $9,500 resistance against the US Dollar. BTC is currently consolidating gains and indicators suggest high chances of more upsides above $9,600. Bitcoin is up close to 2% and it surpassed the key $9,500 resistance level. The price traded to a new monthly high at $9,568 and it is above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $9,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could…

Tether Jumps to $10 Billion Market Capitalization

Tether (USDT) has reached a market capitalization of more than $10 billion as of July 22. The milestone was announced by Tether and also seen through the market price aggregator CoinGecko. Tether’s issuance has seen a significant growth in 2020, doubling from $5 billion in just five months since March 2020. Cointelegraph previously reported that a relevant portion of this growth comes from existing fiat on exchanges being transformed into USDT.  Tether and Bitfinex CTO, Paolo Ardoino, recapped some of Tether’s achievements during its growth. Tether transfers currently account for…

On-Chain Metric Signals the Bitcoin Market Isn’t Overheated: Why This Is Bullish

Despite the recent stagnation, Bitcoin is still up by over 150% from the capitulation lows of March’s crash. By the standards, that means that BTC’s nascent market is at exuberant levels — especially considering the dismal state of the world economy. Chart of BTC’s price action since the start of the year from TradingView.com But on-chain data shows that BTC is not yet in an “overheated” market, leaving room for the leading cryptocurrency to appreciate in the months ahead. Related Reading: BTC Just Confirmed a Signal That Preceded Historical 5,000% Rallies…

Bitcoin Will “Bring Pain” to Altcoins as It Recaptures Market Dominance

Bitcoin has seen some notable upside today that has put a firm end to its multi-week bout of trading between $9,000 and $9,300. The cryptocurrency is now flashing some signs of strength as buyers attempt to propel it past its crucial near-term resistance at $9,500. It appears that this latest movement higher has come about as a result of investors rotating their altcoins profits into BTC, as most of the benchmark cryptocurrency’s smaller counterparts are starting to reel lower. Although it remains a speculative possibility, today could mark a shift…

DeFi Token Rally Pushes Aave (LEND), (SNX) Market Cap Above Maker (MKR)

Decentralized Finance (DeFi) tokens continue to make drastic moves on the price charts, compensating for Bitcoin’s low volatility which has recently hit a three year high. Earlier today, Aave (LEND) and Synthetix Network (SNX) token briefly surpassed MakerDAO’s (MKR) token as each rallied to $0.375 and $4.09 respectively.  The ‘flippening’ was short-lived and MKR has now reclaimed its position above LEND, SNX and Compound (COMP) and currently sits at number 28 on Coinmarketcap with a market capitalization of $453 million.  The switch up likely occurred as LEND price corrected sharply…