Dogecoin (DOGE) has displayed a sharp rise in market activity after its open interest climbed to $1.3 billion in the last 24 hours. According to the latest Coinalyze data, the Dogecoin open interest rose by 5.24% during this period. Rise in DOGE Perpetual Contracts Suggests Short-Term Speculative Frenzy Open interest (OI) helps show how much money is flowing into a specific market. A rise in OI indicates that more traders are taking positions. Also, it suggests growing interest in the digital asset, which could influence the next price direction for DOGE. What’s notable in this DOGE OI is that all the $1.3 billion was in perpetual contracts. This shows that short-term speculators are dominating the perpetual market for Dogecoin. As futures contracts with no expiry date, many traders choose them because they can get exposure to price changes continuously without any need to roll over contracts. Binance and Bybit Dominate… Read More at Coingape.com
Shiba Inu (SHIB) is down 1% in 24 hours, extending the ongoing correction after bulls faced rejection at $0.0000159 over the weekend. However, technical analysis and two on-chain metrics hint at an incoming 43% Shiba Inu price surge to $0.000021. Catalysts That May Drive a 43% Shiba Inu Price Rally to $0.000021 Like most meme coins, Shiba Inu tends to track Bitcoin’s price movements. At press time, BTC had shed 0.7% of its value, which explains the ongoing downtrend in SHIB price. However, with the market sentiment still in “greed” territory, SHIB has room to recover. The main catalysts that will drive this recovery include: Bull flag pattern teases 43% surge Social volumes explode by 155% Network profit/loss ratio signals a SHIB bottom Bull Flag Pattern Teases 43% Surge A bull flag pattern has emerged on Shiba Inu’s daily price chart. This pattern occurred as the price of Shiba Inu… Read More at Coingape.com
To meet the rising demand for crypto derivatives, CBOE Global Markets has launched new Bitcoin futures contracts called Cboe FTSE Bitcoin Index futures (XBTF), now available on its Cboe Futures Exchange.
This follows CBOE’s earlier launch of Bitcoin options products (CBTX and MBTX), offering a range of tools for managing Bitcoin price swings. These products can be used individually for simpler trades or together for more advanced strategies. The XBTF futures, like the Bitcoin options, are cleared through OCC.
Cboe Expands Crypto Offerings
Cboe’s growing range of crypto products now includes spot bitcoin ETFs and bitcoin ETF index options, alongside their new bitcoin futures. The BTC index futures are cash-settled, which eliminates the need for physically delivering Bitcoin. These XBTF futures will settle on the last business day of each month in the afternoon.
“As customer demand for crypto-based derivatives continues to rise, Cboe is committed to building a well-rounded ecosystem to help facilitate more efficient, flexible access to bitcoin exposure and risk management,” said Catherine Clay, Global Head of Derivatives at Cboe.
She added that Cboe’s new Bitcoin futures are an important addition to their crypto offerings, allowing investors to gain exposure to or hedge Bitcoin in a regulated, transparent environment with centralized clearing.
Cboe is expanding its digital assets by listing U.S. spot bitcoin and ether ETFs. Its new cash-settled Bitcoin options have helped create ETFs that give investors Bitcoin exposure with limited risk.
Barak Capital, a leading market maker, noted the growing demand for stable and efficient markets as digital asset investments become more institutionalized. They are ready to provide liquidity to Cboe’s FTSE Bitcoin Index futures.
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To meet the rising demand for crypto derivatives, CBOE Global Markets has launched new Bitcoin futures contracts called Cboe FTSE Bitcoin Index futures (XBTF), now available on its Cboe Futures Exchange. This follows CBOE’s earlier launch of Bitcoin options products (CBTX and MBTX), offering a range of tools for managing Bitcoin price swings. These products …
According to the latest reports from the Financial Times, Cantor Fitzgerald, a financial services company led by Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is working with SoftBank, Tether, and Bitfinex to form a Bitcoin (BTC) investment vehicle with a scale of over $3 billion.
This initiative comes amid a recovery rally in BTC, which has seen notable gains over the past day.
Is Cantor Fitzgerald Trying to Replicate Strategy’s Bitcoin Success?
Financial Times, citing sources close to the matter, revealed that Lutnick’s special purpose acquisition company (SPAC), Cantor Equity Partner, raised $200 million in January. The money will fund the creation of a new firm named 21 Capital.
The cryptocurrency companies involved in the initiative are contributing large sums of Bitcoin to 21 Capital. Stablecoin giant Tether will contribute $1.5 billion worth of BTC. Meanwhile, the Bitfinex exchange will contribute $600 million, and SoftBank, the Japanese multinational investment firm, will provide $900 million.
This brings the total Bitcoin contribution from the partners to $3 billion. Furthermore, the move also highlights SoftBank’s increased interest in the cryptocurrency space.
“Masayoshi Son’s biggest Bitcoin bet yet,” VanEck’s Matthew Sigel noted on X.
“While the deal was likely to be announced in the coming weeks, it could still fail to materialise, and the numbers could change, the people cautioned,” FT wrote.
The initiative aims to emulate the success of the largest corporate holder of BTC, Strategy (formerly MicroStrategy). The firm has been acquiring BTC since 2020, amassing a total of 538,200 coins worth $50.14 billion at press time, according to SaylorTracker. The company holds an unrealized profit of approximately 39.8%.
Meanwhile, Bitcoin, the initiative’s centerpiece, has seen a significant recovery recently. As BeInCrypto reported earlier, the largest cryptocurrency surged past the $90,000 mark for the first time in seven weeks. Over the past day, it rose by 5.3% to trade at $92,862.
“You start to think that Bitcoin is rallying as a sound money store of value inflation hedge but the market gods have a sick sense of humor and it turns out it was just a cantor/softbank/tether MSTR 2.0 all along,” an analyst posted on X.
