Blog

Markets Today: The Bitcoin, Ether Hold Gains while Etha hit $ 11.9B TVL, Pudgy Penguins Race to F1

0 0 2 minutes read

The Global Crypto Market Cap rose 2% in the past 24 hours up to $ 4.03 trillion while major cryptocurrencies have posted the acquisitions.

Bitcoin (BTC) added 2.3% to $ 118,527, rising the ether of 0.7% to $ 4,293. Solana and XRP each moved by 4.4% while Dogecoin gained 4.7%.

The rallies come next to the heavy short -term, with a dangerous sentiment that improves after a relatively calm Macro session.

Derivatives positioning

Futures that are open interest (OI) in the main tokens have been reduced in the last 24 hours, indicating a capital flow. It also indicates price losses driven by not loving long positions rather than clear short sales.
Perpetual Futures of XMR appear to be extremely hot, with annual funding rates of over 200%. The super high figure can prompt arbitrageurs to take a simultaneous -long position in the marketplace and a short position in futures, allowing them to pocket safe funds.
Funding rates for other major tokens remain turned around 10%, reflecting a moderate bullish bias.
In CME, the open interest in Eth Futures rose to 1.70 million from 1.51 million ETH.
The BTC Open Interest has remained stable near 138k BTC, the lowest since April.
In the derivit, BTC options until August expiry show a slight bias towards putting, or protective, options. ETH options have shown a bullish bias to all tenors.
The indicated volatility of the ETH (IV) structure is steep as the BTC remains unchanged. The OTC desk paradigm flows featured a long position at BTC $ 115K expiry on August 13 and asked for a $ 150k call that expired on September.
Volumes are large, with $ 3.3 billion being exchanged for paradigm.

Token talk

Eden Exceeded $ 11.89B on TVL, which became the sixth defi protocol that crossed $ 10B and the second non-staking model after a do it. Susde Apa is sitting at 4.72%, which attracts yield -focused investors.
The protocol scale emphasizes the growing appetite for non -staking defi models and may influence future designs. The market reaction is widely positive, with industry numbers notice the importance of milestone.
USDE maintains a $ 1 peg with a $ 10.48B market cap and $ 371.97M in 24 -hour volume.
Polymarket Moving the Oracle of Uma from oov2 to Moov2 after approved management, restricting market resolution proposals to a whitelist of Vetted participants.
The change aims to reduce market disputes and manipulation by ensuring measures are submitted by experienced users, while keeping the dispute rights open to all.
The initial Whitelist includes 37 addresses, with a shift framed as a transfer from open debates to a more controlled council-style resolution process.
Pudgy Penguins Secured Formula 1 Branding at the Singapore Grand Prix after winning Kraken’s Memecoin Trading Contest. Pengu’s branding will appear in the FW47 car of Williams Racing.
The token gained 55.1% over the past 30 days while sinking 11.8% to 24 hours, slightly rebounding with 1.4% intraday gain.
Exposure is expected to boost the visibility of major audiences and strengthen Kraken’s push for sports -related promotions.