| 
| OPEN Governance Token 
| #OPEN
|
| OPEN Price: | $0.00307 | | Volume: | — | | All Time High: | $3.19 | | Market Cap: | — |
|
| Circulating Supply: | — |
| Exchanges: | —
| | Total Supply: | 100,000,000 |
| Markets: | —
| | Max Supply: | — |
| Pairs: | 2
|
|
The last known price of #OPEN is $0.00307 USD.
 Please note that the price of #OPEN was last updated over 250 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #OPEN statistics should be considered as 'last known value'.
The lowest OPEN price for this period was $0, the highest was $0.00307, and the exact last price of OPEN was $0.00306931.
The all-time high OPEN coin price was $3.19.
Use our custom price calculator to see the hypothetical price of OPEN with market cap of BTC or other crypto coins. |
The code for OPEN Governance Token crypto currency is #OPEN.
OPEN Governance Token is 2.3 years old. |
The current market capitalization for OPEN Governance Token is not available at this time.
OPEN Governance Token is ranking downwards to #10221 out of all coins, by market cap (and other factors). |
| There is an unknown daily trading volume on #OPEN. |
| The total supply of OPEN is 100,000,000 coins. |
OPEN has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on probably at least one crypto exchanges but we don't have this data.
View #OPEN trading pairs and crypto exchanges that currently support #OPEN purchase. |
| Note that there are multiple coins that share the code #OPEN, and you can view them on our OPEN disambiguation page. |
USDO Stablecoin on Metis via AgoraDeFi Money Market
OpenDAO Grant Partner Paves the Way on Metis Blockchain. — OpenDAO is pleased to announce our foray onto the Metis blockchain via Agora DeFi’s borrowing and lending platform! The secret is out!Agora received a $10,000 grant from OpenDAO in order to provide a use-case for USDO on Metis. Agora received a $10,000 grant from OpenDAO in order to provide a use-case for USDO on Metis. In exchange for the grant, Agora has listed USDO as an asset on their money market. Further, an AGORA/USDO LP will be established, incentivized from the initial LP farm allocation. The USDO bridge from BSC to Metis is in progress, and we can expect some updates on that in the coming weeks, leading up to Agora’s air drop. USDO on Agora is a massive opportunity for the DAO, as the stablecoin’s success will ultimately determine ours. So far, their project is going strong — the second largest project on the Metis blockchain to date… and growing rapidly (Congratulations Agora team!) Having USDO on Agora’s money market provides us with the chance to make USDO a cornerstone of the Metis blockchain. We hope to be part of similar green-field chain expansions in the coming future, and are cooperating with partners to gain the first-mover advantage. — ABOUT AGORA - Agora is a decentralised non-custodial liquidity market protocol where depositors provide liquidity to the market to earn a passive income while borrowers are able to borr... 
| 
Mint USDO Stablecoin with $JUP: How To Guide
Getting Value from $JUP with OpenDAO’s Stablecoin Minter on BSC. — OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value inherent in a variety of assets without needing to sell.Getting started is simple!Stake $JUP in the vaults to mint USDO → Supply USDO to the high APY stablecoin LP → Use USDO to buy more $JUP→ Repay to unlock collateral. — Scroll Down for Details. — — CONTENTS - — → How To → About USDO → About Jupiter Project → About OpenDAO → ??????????????????? - — HOW TO - — [STEP 1] Go to mint.opendao.io - CLICK THIS LINK! ⚈ NOTE KEY DETAILS:{1} Asset Selector: Allows you to change the asset — — — — — — — — — — — — — — — — — — — {2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — — — — — - {3} Your Info: Very important information about your position and assets — — — — — — — — — — {4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below. — [STEP 2] Select $JUP - ⚈ Need some $JUP? Buy here!List is always growing — [STEP 3] Stake - ⚈ Click “Approve” and confirm in your wallet.NOTE: For first time stakers, there will be TWO MetaMask transactions — one to stake and another t...
| 
Introducing Anchor from OPEN
BUSD In. BUSD Out. Stability Up. All on Binance Smart Chain with OpenDAO. — USDO is stable. Really stable. Now, it’s time to drop the anchor. If you hold BUSD, want to prepare for any upcoming bearishness, or HATE impermanent loss…OpenDAO’s ANCHOR is FOR YOU!anchor.opendao.io — CONTENTS - — - SUMMARY - TL;DR - SPECIAL. — — SUMMARY - USDO is the flagship product built on the OPEN protocol. The DAO’s mandate is to grow its liquidity and ensure it remains at peg. To that end, it is important that USDO can always be swapped with minimal slippage to another stable on demand. Since we originated on BSC, we have built a pair with BUSD. And since Uniswap v2 style AMMs can lead to significant slippage, we have had our own high-capital-efficiency low-slippage AMM built. At a very high level, it works like Curve, but can support dissimilar assets as well. USDO peg has been steady and liquidity is growing slowly upwards. To further facilitate the growth of USDO as a stable coin, we are introducing a new mechanism by which users can deposit stable coins which act as an active counterparty to USDO and earn a return while doing so.This new stablecoin mechanism is called “Anchor” — The process beneath the hood is as follows:. — User deposits BUSD, A portion of the BUSD is automatically sold for USDO, ratio dependent on the composition of USDO BUSD in the Omnitrade LP at the t...
| 
Mint USDO Stablecoin with $HOTCROSS: How To
Getting Value from $HOTCROSS with OpenDAO’s Stablecoin Minter on BSC. — OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value inherent in a variety of assets without needing to sell. — Getting started is simple! - Stake $HOTCROSS in the vaults to mint USDO → Supply USDO to the high APY stablecoin LP → Use USDO to buy more $HOTCROSS → Repay to unlock collateral. — Scroll Down for Details - — CONTENTS - — → How To → About USDO → About HOT CROSS → About OpenDAO → ???????????????????. — — HOW TO - — [STEP 1] Go to mint.opendao.io - CLICK THIS LINK! ⚈ NOTE KEY DETAILS:{1} Asset Selector: Allows you to change the asset — — — — — — — — — — — — — — — — — — — {2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — — — — — - {3} Your Info: Very important information about your position and assets — — — — — — — — — — {4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below. — [STEP 2] Select $HOTCROSS - ⚈ Need some $HOTCROSS? Buy here!List is always growing — [STEP 3] Stake - ⚈ Click “Approve” and confirm in your wallet.NOTE: For first time stakers, there will be TWO MetaMask transactions ...
| 
Mint USDO Stablecoin with $HYVE: How To
Getting Value from $HYVE with OpenDAO’s Stablecoin Minter on BSC. — OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value inherent in a variety of assets while earning more of those same assets in the process. It’s simple!Stake HYVE in the vaults to mint USDO → Supply USDO alongside HYVE at a high native APY → Lend USDO to earn → Repay to unlock collateral.EASY! — Details Below - — CONTENTS - — → How To → About USDO → About HYVE → About OpenDAO → ???????????????????. — — HOW TO - — [STEP 1] Go to mint.opendao.io - CLICK THIS LINK! ⚈ NOTE KEY DETAILS:{1} Asset Selector: Allows you to change the asset — — — — — — — — — — — — — — — — — — — {2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — — — — — - {3} Your Info: Very important information about your position and assets — — — — — — — — — — {4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below. — [STEP 2] Select HYVE - ⚈ Need some HYVE? Buy here!List is always growing — [STEP 3] Stake - ⚈ Click “Approve” and confirm in your wallet.NOTE: For first time stakers, there will be TWO Metamask transactions — one to stake and another...
| 
Mint USDO Stablecoin with $ROSN: How To
Getting Value from $ROSN with OpenDAO’s Stablecoin Minter on BSC. — OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value inherent in a variety of assets while earning more of those same assets in the process. It’s simple!Stake ROSN in the vaults to mint USDO → Supply USDO alongside ROSN at a high native APY → Lend USDO to earn → Repay to unlock collateral. EASY! — Details Below - — CONTENTS - — → How To → About USDO → About Roseon → About OpenDAO → ???????????????????. — — HOW TO - — [STEP 1] Go to mint.opendao.io - ⚈ NOTE KEY DETAILS:{1} Asset Selector: Allows you to change the asset — — — — — — — — — — — — — — — — — — — {2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — — — — — - {3} Your Info: Very important information about your position and assets — — — — — — — — — — {4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below. — [STEP 2] Select ROSN - ⚈ Need some ROSN? Buy here!List is always growing — [STEP 3] Stake Asset - ⚈ Click “Approve” and confirm in your wallet.NOTE: For first time stakers, there will be TWO Metamask transactions — one to stake and another to enabl...
| 
HYVE + USDO Auto Compounding LP: How To
HYVE and OpenDAO Develop their Partnership on BSC. — HYVE community who have been wondering what the buzz is about… it’s this: The USDO-HYVE LP is now live on the “steaks” auto-compounding platform. What this means is:❇️ No more “rewards harvesting” required ❇️ No more **** coin rewards ❇️ Less work, more tokens! — Learn more below. — — CONTENTS - SUMMARY (TL;DR), HOW TO, ABOUT USDO, ABOUT HYVE, ABOUT OCP, ABOUT OPENDAO, ???????????, — SUMMARY (TL;DR) - Partnership with OpenDAO means that HYVE will also be plugged into the OCP ecosystem! OpenDAO and HYVE established a USDO-HYVE Liquidity Pool , and it will be added to OCP’s “Steaks” auto-compounding platform, to make life a little easier and more prosperous. Furthermore, we can look forward to minting USDO with HYVE as an asset on the OpenDAO minter platform here, but we don’t want to get ahead of ourselves… Article on this later… In the meantime, please enjoy the auto-compounding!Less work, more HYVE! — HOW TO - — [STEP 1] Add $HYVE and $USDO to the Pool - Got some $HYVE? Good. Got your $USDO? Good. Good. (Also available at PancakeSwap) Then… CLICK HERE TO GO TO THE POOL Enable the assets, Approve in wallet! Now you’ve got LP tokens! — [STEP 2] Go to steaks.ocp.finance - Or, click here to go directly to USDO-HYVEWell done, AND rare. — [STEP 3] Approve + Confirm - NOTE: ...
| 
Mint USDO Stablecoin with $LAND: How To
Getting Value from $LAND with OpenDAO’s Stablecoin Minter on BSC. — OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value inherent in a variety of assets while earning more of those assets in the process. It’s simple!Stake LAND in the vaults to mint USDO → Supply USDO alongside LAND at a high native APY → Lend USDO to earn → Repay to unlock collateral. EASY! — Details Below - — CONTENTS - — → How To → About USDO → About Landshare → About OpenDAO → ???????????????????. — — HOW TO - — [STEP 1] Go to mint.opendao.io - ⚈ NOTE KEY DETAILS:{1} Asset Selector: Allows you to change the asset — — — — — — — — — — — — — — — — — — — {2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — — — — — - {3} Your Info: Very important information about your position and assets — — — — — — — — — — {4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below. — [STEP 2] Select LAND - ⚈ Need some LAND? Buy here!List is always growing — [STEP 3] Stake Asset - ⚈ Click “Approve” and confirm in your wallet.NOTE: For first time stakers, there will be TWO Metamask transactions — one to stake and another to enable ...
| 
Mint USDO Stablecoin with $OPEN: How To
Getting Value from $pOPEN with OpenDAO’s Stablecoin Minter on BSC. — OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value in your $pOPEN, and earn more of it in the process. It’s simple!Stake pOPEN in the vaults to mint USDO → Supply USDO alongside pOPEN at a high native APY → Lend USDO to earn more → Repay to unlock collateral. EASY! — Details Below - — CONTENTS - — → How To → About USDO → About OpenDAO → ??????????????????? - — HOW TO - — [STEP 1] Go to mint.opendao.io - ⚈ NOTE KEY DETAILS:{1} Asset Selector: Allows you to change the asset — — — — — — — — — — — — — — —— — — — {2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — —— — — - {3} Your Info: Very important information about your position and assets — — — — — — — — — — {4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below. — [STEP 2] Select pOPEN - ⚈ Need some pOPEN? Buy here!Expect this list to grow rapidly. — [STEP 3] Stake Asset - ⚈ Click “Approve” and confirm in your wallet.NOTE: For first time stakers, there will be TWO Metamask transactions — one to stake and another to enable collateralStake pOPEN and Stake should be selec...
| 
ROSN Auto-Compounding LIVE on Binance Smart Chain
OpenDAO and OCP Deepen the Partnership with Roseon Finance. — ROSN holders, it’s time for an upgrade! The USDO-ROSN LP is now live on the “steaks” auto-compounding platform. What this means for the Roseon community is:❇️ No more “rewards harvesting” required ❇️ No more **** coin rewards ❇️ Yes, more APY! ❇️ Learn more below — CONTENTS - SUMMARY (TL;DR), HOW TO, ABOUT USDO, ABOUT ROSEON FINANCE, ABOUT OCP, ABOUT OPENDAO, ???????????, — SUMMARY (TL;DR) - OpenDAO and Roseon established a USDO-ROSN farm on August 15th, 2021, and have seen some success. However, we have decided to supercharge these efforts. In line with these efforts, the current USDO-ROSN farm is now being auto-compounded on OCP’s platform. Furthermore, we can look forward to minting USDO with ROSN as an asset on the OpenDAO minter platform here, but we don’t want to get ahead of ourselves… Article on this later… In the meantime, please enjoy the auto-compounding!Less work, more ROSN! — HOW TO - — [STEP 0] Unstake/Restake - Many users have already taken advantage of the ROSN-USDO farm on OCP. Congratulations! This is SUPER EASY. Simply unstake your LP tokens from “FARMS” and restake them in “AUTOCOMPOUNDING” (see below.)NOTE: If this is your first time adding to the ROSN-USDO LP, SKIP THIS STEP! — [STEP 1] Add $ROSN and $USDO to the Pool - Got some $ROSN? Good. Got your $USD...
|
|
 | Shiba Inu Open Interest Falls Behind General Crypto Market, What This Me...
The entire crypto market has seen a steady increase in open interest (OI) over the last few months. But the Shiba Inu open interest seems to not have followed this trend as much as others. While there has been a huge jump in the open interest of the largest cryptocurrencies in the industry, Shiba Inu’s rise has remained relatively muted, with implications for the altcoin’s price.
Shiba Inu Open Interest Trajectory
The Shiba Inu open interest initially started pumping back in August when the current bull run began. However, in the following months, the open interest has been considerably lower, happening at a time when open interest across other top cryptocurrencies is seeing large spikes.
Shiba Inu’s open interest crossed $43 million back in August but has had a hard time returning to this level, data from Coinglass shows. The open interest has since dropped and continues to range just below the $20 million level. Now, while this is not out of character for the altcoin, it is a deviation when it comes to following Bitcoin’s trends.
Dogecoin, SHIB’s foremost competitor, has followed the trajectory of Bitcoin, with the open interest staying low through the months of October and then exploding in the month of November. To put this in perspective, the Dogecoin open interest dropped as low as $226 million in October before exploding as high as $520 million in November.
However, the Shiba Inu open interest has struggled, maintaining a low peak of $17 ...
|  | Binance Labs, BNB Chain Open New Founder-focused Track to Incubate 100 E...
[PRESS RELEASE - DUBAI, UAE, November 24th, 2023]
Binance Labs, in partnership with BNB Chain and CMC Labs, has introduced a new Founder Track to the Most Valuable Builder (MVB) Accelerator Program. MVB, now in its 7th season, is an accelerator program jointly organized by Binance Labs and BNB Chain. The program was launched in 2021 with a focus on supporting builders and growing the BNB Chain ecosystem. This season, the organizers are welcoming CMC Labs to the MVB program as a strategic partner.
The MVB program now consists of two tracks. The newly added Founder Track functions as a venture studio dedicated to incubating 100 innovative ideas that address real-world needs. This track sees projects receive backing from Binance Labs and support in deploying their ventures on BNB Chain. Since the program’s inception, the Startup Track has been integral in providing tailored support to early-stage startups. It provides a customized curriculum to assist Web3 startups on their journey toward long-term growth. Both the Founder Track and Startup Track run concurrently.
The venture capital and incubation arm of Binance, Binance Labs recognizes that some of its most impactful ventures have resulted from in-depth, early-stage collaborations with entrepreneurial founders and builder teams. Early-stage incubations and investments have included Celestia, Injective Labs, Polygon, and SafePal. The Founder Track seeks to identify builders who are interested in working on ideas that addr...
|  | AVAX Open Interest Climbs 10.4% To $224 Million, Is $30 Possible?
The open interest for AVAX has been on a consistent rise over the last month, carrying the price of the altcoin along with it. The result of this continuous climb is the fact that the open interest has now surged to May 2022 levels, a development that could spell a massive rally for the price.
AVAX Open Interest Surge To $224 Million
According to data from Coinglass, the AVAX open interest has now climbed to $224 million. The website shows that there was an over 10% increase in the open interest in a 24-hour period which brought the total open interest above 10.04 million AVAX.
Binance actually commands almost half of the total of this open interest at 4.48 million AVAX worth a little over $100 million. This suggests that a good portion of the demand is coming from the crypto exchange. The total open interest also saw a 9.94% increase in the 24 hour period.
ByBit exchange accounts for the second-largest open interest at 2.04 million AVAX worth $46.09 million. BingX comes in third place with 1.24 million AVAX worth $27.59. But none of these exchanges account for the largest jump in the last day.
The largest jump in open interest was recorded on the Bitmex exchange as it rose 17.78% to bring the crypto exchange’s total open interest to 55,340 AVAX with $1.53 million. Altogether, the open interest in the altcoin has risen from $82.8 million on October 20 to $224 million on November 20, meaning that the open interest has grown 170% in one month.
Can Price Cross $30? Th...
|  | Bitcoin Options Open Interest See All-Time High on This Exchange
The options trading market for cryptocurrencies has witnessed a significant surge, illustrated by the impressive achievement of $15 billion in Bitcoin (BTC) options on Deribit last week. Deribit has firmly established its dominance in the BTC options arena, commanding an impressive 87% market share.
This surge, which signifies a significant increase since late September, indicates the traders' growing preference for bullish exposure in the crypto market.
Record-Breaking Surge in Bitcoin Options Open Interest
On Friday, the notional open interest, which measures the U.S. dollar value in active Bitcoin options contracts, reached a remarkable milestone.
The metric surged to a high of $15 billion, marking a new record. Since late September, the numbers have more than doubled, surpassing the previous peak of $14.36 billion reached during the bull-market period in October 2021, when BTC was trading above $60,000.
As of the time of writing, the open interest for Bitcoin options is approximately $14.02 billion, based on data from the Deribit exchange.
A rise in open interest indicates a liquid market with numerous participants, reflecting heightened activity by sophisticated traders creating new options contracts. Although increased open interest suggests greater interest and market activity, it doesn't reveal the market direction or prevailing sentiment, whether bullish or bearish.
Luuk Strijers, Chief Commercial Officer at Deribit, expressed his excitement, stating, 'We're excited ...
|  | Options Frenzy: Bitcoin Rally To $37,000 Sparks Explosive Open Interest ...
An apparent increase in demand for safe-haven assets, rising interest in Bitcoin ETFs in the US, and anticipation of a more accommodating position from the Federal Reserve were the purported drivers of the cryptocurrency market's recovery this year, which led to a significant gain in the value of Bitcoin.
While the spot and futures markets for bitcoin were at the center of attention at first, options related to the cryptocurrency have recently come to the fore. By introducing a new facet to the market dynamics, these options give a convenient way to speculate on possible price swings.
According to figures from Glassnode, the open interest in Bitcoin's options has reached a new high point by exceeding $16 billion. This big increase in open interest happens at the same time that Bitcoin's price successfully reclaimed the $37,000 mark on November 15.
Options Open Interest On The Rise
The rise in open interest for options shows that the market is more active and investors are interested in Bitcoin futures. The $16 billion figure shows how important options trading is becoming as a major part of the bitcoin market.
On November 10, the Options Open Interest, a measure of the total amount of money invested in options contracts, reached a record high of $18.05 billion, or 491,000 Bitcoin, Coinglass data shows.
Deribit, which has contributed about $14.5 billion, is mostly responsible for this surge, according to Coinglass.
The cryptocurrency derivatives exchange has also disclosed a...
|  | Bitcoin Open Interest Tops 19-Month High: Historical Data Shows What To ...
The Bitcoin open interest can often be an indication of where the BTC price might be headed next depending on whether or not the metric is rising or falling. This time around, the Bitcoin open interest has risen drastically, hitting 19-month highs in the process. Using historical data, it is possible to extrapolate what this means for the crypto’s price, especially as investors remain very bullish.
Bitcoin Open Interest Surges To $17.04 Billion
In an interesting turn of events, the Bitcoin open interest has been rising quickly across various exchanges. In the last 24 hours alone, this metric rose by a cumulative 7.89% across all exchanges in the space, bringing the total open interest to 454,150 BTC worth a staggering $17.04 billion.
For now, most of the Bitcoin open interest is concentrated across the CME, Binance, and ByBit exchanges. But perhaps what is even more interesting is that these open interest levels represent a 19-month high.
According to the data presented on the CoinGlass website, the last time that the Bitcoin open interest moved in this fashion and to this high was back in March 2022, before the historical Terra LUNA crash that sent the market into a prolonged bear market stretch.
This means that the last time that the Bitcoin open interest rose this much was during a time when investors were still very much in the throes of bull run euphoria. As such, the historical performance of the BTC price back then in relation to the open interest could serve ...
|  | CME Bitcoin Futures Open Interest Climbs Past Binance, Indicating Growin...
The open interest for bitcoin futures on the CME Group has outstripped that of Binance's futures market, with the former reaching an open interest of $4.06 billion and the latter at $3.87 billion, as bitcoin's value climbs to new peaks.CME Leads Bitcoin Futures Rally as Open Interest Swells to $4.06 Billion
The financial sector is closely monitoring the progress of several spot bitcoin (BTC) exchange-traded funds (ETFs) awaiting regulatory approval. These days, investors are increasingly convinced of the crypto asset's allure to institutional investors. Mike Novogratz of Galaxy Digital underscored this sentiment in the company's Q3 earnings call, predicting that '2024 literally is going to be a year of institutional adoption.'
On November 9, 2023, BTC reached an 18-month high, with the price of bitcoin soaring to $37,978. The subsequent day, bitcoin's value has settled slightly above the $37K mark. This fluctuation aligns with heightened institutional attention, evidenced by the CME Group's bitcoin futures open interest exceeding that of Binance on Friday. Comparatively, 11 months prior, CME ranked third for bitcoin futures open interest, with Binance leading the market.
The current landscape has shifted, with CME at $4.06 billion in open interest, surpassing Binance's $3.87 billion, according to coinglass.com metrics. The open interest (OI) at CME totals 108,900 BTC, and Binance's OI is close behind at 103,690 BTC. On November 10, Bybit followed Binance with an OI of $2.75...
|  | RISC Zero, Industry-Leading Developer of General Purpose ZK Technology, ...
[PRESS RELEASE - SEATTLE, WA, November 9th, 2023]
The move will dramatically accelerate zero-knowledge development by allowing millions of developers worldwide to utilize the technological innovations.
RISC Zero, developers of the leading general purpose zero-knowledge (ZK) virtual machine technology, and the team behind Zeth, zkVM and Bonsai, today announced the open-sourcing of three key technologies as public goods for all zero-knowledge cryptography and blockchain developers: High-Speed Recursion, Proof Composition and a STARK to SNARK Wrapper. Developers can now modify, enhance, audit, and sublicense these potent tools under the permissive and community-friendly Apache2 license.
Zero-knowledge cryptography is a transformative technology that provides new levels of privacy, security, and resilience to individuals and companies across the world. “Open-source has always been in RISC Zero’s DNA, and we believe it's critical that ZK development be guided by principles of OSS. We're committed to ensuring developers around the world can build and deploy with the confidence permissive OSS licenses provide”, said Jeremy Bruestle, co-founder and Chief Scientist at RISC Zero.
Traditional software licensing often cloaks solutions within a black box, accompanied by restrictive usage terms. By open-sourcing these innovations, RISC Zero is providing industry-leading transparency, visibility and assurances to their global community of developers. “Our code has un...
|  | Higher BTC Price Incoming? Bitcoin Traders Open A Lot of Long Positions ...
TL;DR
Bitcoin (BTC) has reached a new 18-month high of around $36,700, prompting a surge in bullish sentiment and futures positions, with total open interest on exchanges hitting $7.2 billion.
Predictions, including those from experts, analysts, and the AI ChatGPT, suggest BTC could rise further in the coming months based on factors like potential mass adoption, ETF approvals, and the forthcoming halving.
In parallel, Ripple's XRP has seen a bullish trend with over $355 million in long positions on Bitrue futures, even briefly surpassing Binance Coin in market cap.
Setting $40K as the New Target?
The price of Bitcoin (BTC) recently started another uptrend, soaring to approximately $36,700 (per CoinGecko's data). The fresh 18-month peak seems to have boosted additional enthusiasm among market participants.
According to Santiment, traders are currently highly bullish on the asset, with BTC long and futures positions surging substantially. In addition, the total open interest on cryptocurrency exchanges has exploded to $7.2 billion (the highest level since early August).
#Bitcoin, now up +37% in 2 months, has seen its ratio of traders opening #bullish positions (vs. #bearish) hitting 3-month highs. Also, the total open interest on exchanges has ballooned to $7.2B. Ideally, $BTC will continue rising after #FOMO settles. https://t.co/YImIUMGRyl pic.twitter.com/4TyZe5YfFz
— Santiment (@santimentfeed) November 8, 2023
Experts, analysts, and even the AI-powered language m...
|  | Bitcoin On The Brink? Analyst Predicts Soaring Open Interest May Signal ...
Bitcoin's open interest—the total number of outstanding derivative contracts that have not been settled—has surged to levels not seen in over six months. Amid these high-interest levels, market analysts warn that Bitcoin may see a 20% price correction.
Analysts Weigh In On Market Implications
The surge in open interest has been linked to a substantial increase in derivatives market activity. Financial commentator Tedtalksmacro hinted at the potential market shifts, noting a significant addition to open interest, which could indicate impending 'fireworks' in the market.
Almost 10k BTC (~$350MM USD) in open interest added today.
Fireworks soon.
— tedtalksmacro (@tedtalksmacro) November 7, 2023
With more than $16 billion in open interest recorded currently, according to data from CoinGlass, the market is witnessing noticeable fluctuations that could spell out more significant changes in Bitcoin's valuation.
So far, analysts are keenly observing these fluctuations, interpreting them as signals for future market movements. James Van Straten from CryptoSlate pointed out the record open interest in the CME exchange, often 'preferred by institutional investors.' The analyst noted:
The CME exchange, preferred by institutional investors, has achieved a new record in open interest, with 105,380 BTC contracts open, valued at $3.68 billion. Binance has edged past this figure with open interest of approximately 113,500 BTC.
With Binance's open interest slightly surpa...
|  | The Open Network (TON) Proves it is the World's Fastest and Most Scalabl...
[PRESS RELEASE - Zug, Switzerland, November 2nd, 2023]
Verified and confirmed by Certik, TON blockchain hit a record of 104,715 transactions per second (TPS) during a public, live-streamed stress test.
The Open Network Foundation (TON Foundation) has today announced that, during a successful live-streamed stress test, the TON blockchain has proven that it is the world’s fastest and most scalable public blockchain. The TON testnet was launched on 256 validators. Under heavy load, the testnet split into 512 shards, enabling the network to achieve a speed of 104,715 TPS. The unprecedented success of this test has proven TON capable of being the infrastructure layer for the Web3 ecosystem in Telegram and large enterprises seeking to create blockchain-based products, as well as a global decentralized network ready to usurp traditional finance rails.
In test runs, the TON testnet outpaced the reported speed of Visa while exceeding a speed of approximately 100,000 TPS, far surpassing the speed of approximately 65,000 TPS recorded by the previous record holder.
The data generated by this test has been verified by The Open Network’s security partner, CertiK, which is a Web3 smart contract auditor providing a comprehensive suite of tools to secure the industry at scale. CertiK has performed formal verifications of the TON blockchain to confirm its stability and security and has also assisted TON Foundation in verifying network speeds. TON Foundation used the infrastructure ...
|  | Lightspark Open Sources Email-Like Protocol UMA; Raises Debate on Compli...
Lightspark, a Lightning Network (LN) financial services company, has announced it has open-sourced Universal Money Address (UMA), a protocol similar to email, but for money. The protocol will be interoperable, allowing platforms to exercise due compliance on the transactions facilitated, an inclusion criticized by the Bitcoin community on social media.
Lightspark Opens UMA Protocol
Lightspark, a Lightning Network (LN) service provider focused on institutions, has announced it is open-sourcing code of Universal Money Address (UMA), a protocol that resembles email but for money. According to Lightspark, UMA allows each user of a wallet, exchange, or bank to have a unique, human-readable address to receive and send money in the form of the currency of their choice.
Lightspark states UMA presents several benefits compared to other money-transmitting protocols: it is available 24/7, with interoperable addresses, and offers low fees for currency conversion and transactions due to its usage of LN in the background. Also, it's open-source and can be implemented by different companies and wallet providers freely.
UMA allows institutions to exercise due compliance, with its official page advertising that it 'enables companies to provide global, fast, and compliant transactions while leveraging existing infrastructure.'
The Compliance Issue
The mention of the 'compliant transactions' issue gave origin to a debate in the community, with many criticizing the idea of introducing co...
|  | Bitcoin Futures Open Interest Skyrockets Amid Rising Market Enthusiasm a...
Bitcoin futures open interest (OI) has surged dramatically within the last day, with CME Group's OI reaching an impressive 100,000 bitcoin, equivalent to $3.4 billion. This isn't an isolated event; platforms such as Binance, Deribit, Bitget, and Okx are also experiencing significant upticks.Bitcoin's Futures Landscape Heats Up
For those new to the term, in bitcoin futures, open interest (OI) represents market engagement and the volume of money or contracts actively circulating. In layman's terms, it's the sum of unsettled futures contracts - those not yet cleared by a counter-trade or delivery. Recent data shows a noteworthy increase in bitcoin futures OI in just 48 hours.
K33 Research's latest findings highlight CME BTC futures OI's rise beyond 100,000 BTC, setting a new record. With this leap, CME now commands a 25% market slice, narrowing the gap with Binance's lead in the futures sector to a mere 4%. On October 23, there was also a notable rise in CME's options volume and OI related to BTC futures.
Deribit isn't far behind, with both its futures and options showing significant growth. The platform's bitcoin options OI soared past the $12 billion benchmark, with its bitcoin futures OI inching close to a billion. At its core, OI provides insights into the overall activity and capital flow in the futures market. When OI climbs, it typically signals heightened market enthusiasm, whereas a decline might hint at waning interest.
As of October 23, Binance reported a whopping $...
|  | Amidst Controversy, Telegram Will Keep Hamas' Channels Open
Pavel Durov, founder and CEO of Telegram, has explained that Hamas' communication channel in the application will keep operating. Durov's statements come after Telegram faced widespread backlash for allowing the Palestinian group to keep posting war-related content on its network. Durov explained that shutting down this comms channel 'risks exacerbating an already dire situation.'
Telegram CEO Makes the Case for Keeping Hamas' Channels Operating
Telegram, the messaging platform, is in the media spotlight due to its utilization by Hamas, the Palestinian organization, to post violent war-related content. According to reports, Hamas' official channel in the app has published more than 125 videos documenting its attack on Israel, prompting mainstream media sources and activists to call out Telegram for allowing this kind of content to be hosted on its platform.
Yasmin Green, CEO of Jigsaw, a Google-owned organization that 'explores threats to open societies,' told CNBC that she was afraid this kind of content could bring Hamas' followers to organize and set up more violent acts. Rolling Stones also denounces that Telegram is being used as a hub for unverified information that gets leaked to X (formerly known as Twitter), with the two platforms constituting a disinformation duet.
While X is taking a more active approach, having removed war-related posts while facing a probe from the European Union (EU), Telegram has taken a different approach.
Durov: Closing Hamas' Channels...
|  | The Open Network (TON) to Attempt World Record for the Fastest Blockchai...
[PRESS RELEASE - Zug, Switzerland, October 11th, 2023]
Today, The Open Network Foundation (TON Foundation) announces their upcoming attempt to officially be named the world’s fastest blockchain. The public network performance test, which is scheduled for October 31, 2023, at 15:00 UTC, will demonstrate the reliability, scalability, and speed of The Open Network (TON) blockchain.
TON Foundation will collaborate with Alibaba Cloud, amongst others, to set up 256 servers for validator nodes and start a separate TON blockchain network for performance tests.
Since 2022, the TON blockchain has experienced exponential growth. The network has seen a staggering 20-fold increase in addresses, skyrocketing from 170,000 to a remarkable 3.5 million. The growth of TON’s user base has come alongside the expansion of TON validator nodes to 350, creating a more decentralized network, now spread over 25 separate nations.
Throughout this rapid expansion, TON’s blockchain has upheld a notably reliable track record, with no documented major network disruptions.
The collaboration between TON Foundation and Telegram, announced on September 13, underscores TON Foundation’s commitment to bringing decentralized technology to the mainstream. The upcoming performance test is a pivotal step in demonstrating the unique capabilities of the TON blockchain, now cemented as the trusted infrastructure layer for the Web3 ecosystem in Telegram.
'We look forward to October 31, 2023 to confi...
|  | Ethereum Open Interest Rising: Is This A Signal Bulls Have Been Waiting ...
Ethereum prices might be stagnant at spot rates, weaving around the $1,540 and $1,560 zone, looking at technical charts. However, amid this period of consolidation and holders worrying about Ethereum's prospects, Kaiko notes that the coin's open interest has been gradually rising since September 2023.
Ethereum Open Interest Rising: What Does It Mean? As of October 10, Kaiko observes that there are more than 2.2 million contracts, and the number has been rising steadily over the past few trading weeks. With increasing open interest, it can hint that bulls are in the equation, which may support prices now that prices are under immense pressure.
In crypto trading, open interest is the total number of outstanding derivative contracts of a given coin. Meanwhile, derivatives are contracts that derive value from the underlying asset, in this case, Ethereum. Herein, the total open interest data is accrued from ETH options, futures, and perpetual futures from platforms where traders can use leverage.
There can be different interpretations of open interest depending on the market state. Since open interest includes long and short positions at any time, gauging the directions of how market participants are posting trades can be challenging.
Even so, rising open interest indicates that more traders are opening positions, which can be seen as bullish, especially if prices are expanding. Conversely, falling open interest suggests that traders are exiting, which mean...
|  | Ethereum Open Interest Barrels Past $5.2 Billion, Is It Time To Buy?
The Ethereum open interest has been on an upward trajectory that has culminated in it crossing the $5.2 billion mark. This surge is important to Ethereum’s native token ETH in a number of ways as it could point to how investors are viewing the cryptocurrency at this point.
Ethereum Open Interest Sees Rapid Rise
Data from Coinglass shows that the Ethereum open interest has risen rapidly in recent times. Over the last week, the open interest has grown, eventually crossing $5.2 billion at a time when the crypto market continues to struggle to loosen the grip of bears.
One thing about open interest is that it can point to how investors are viewing the cryptocurrency and whether they are bearish or bullish. When open interest rises, it points to investors becoming more bullish. On the other hand, a drop in open interest suggests that investors are more bearish and expect prices to drop.
This time around, with the open interest being on the rise, it suggests that crypto investors are turning bullish once more. This reflects the Crypto Fear & Greed Index showing that investor sentiment has been improving during the same time period.
The chart above shows that the ETH price has often rallied when open interest has surged, which could happen in this case. If this holds true, then the ETH price could be looking at a rise toward the $1,700 level once more.
ETH Could Rally With Crypto Market
The turn to bullishness marked by the increase in Ethereum open interest is not limited ...
|  | The Open Network (TON) Foundation Engages Chainbase and Tencent Cloud fo...
[PRESS RELEASE - Zug, Switzerland, September 21st, 2023]
The partnership entails an enterprise node deployment service offered by Chainbase
The Open Network (TON) Foundation has partnered with Chainbase and Tencent Cloud to simplify blockchain development as the Foundation ushers in the next era of Web3 mass adoption across the Asia-Pacific region.
As one of the world's leading cloud providers, Tencent Cloud offers reliable computing resources and optimized network connectivity through its global cloud infrastructure. Tencent Cloud has already successfully supported TON validators and plans to expand its services further to help meet TON’s high compute intensity and network bandwidth needs. Tencent Cloud and TON Foundation are devoted to supporting web applications and bots built within Telegram. For example, Telegram games built on TON can benefit from Tencent Cloud's enriched gaming solution and reference cases. For all projects built on TON, Tencent Cloud will offer, subject to approval, a dedicated amount of cloud credits and product discounts, made available through the Tencent Cloud Startup Program.
TON Foundation offers an enterprise-ready blockchain system built for large-scale Web3 applications featuring near-instant transaction speeds, highly reliable connectivity, low latency, and low fees. TON Foundation’s support for the launch of Wallet in Telegram, an integral piece of the Web3 ecosystem infrastructure, is a clear demonstration of this. To...
|  | Bitcoin Open Interest Rises By $1.8 Billion As BTC Breaks $27,000
Data shows the Bitcoin Open Interest has shot up by $1.8 billion as the cryptocurrency's price has broken the $27,000 level.
Bitcoin Open Interest Has Exploded During The Past Day
The 'Open Interest' indicator keeps track of the total amount of Bitcoin futures contracts currently open on all derivative exchange platforms.
When the value of this metric rises, it means that the investors are opening up new positions on the market right now. Generally, the cryptocurrency becomes more likely to display volatility when this happens, as new contracts usually imply an increase in the total leverage in the sector ('leverage' naturally being the loan amount holders can opt to take against their positions).
On the other hand, the indicator going down implies that a net amount of contracts are either closing up or getting liquidated. The asset may become more calmer following such a trend.
Now, here is a chart from CoinGlass that shows the trend in the Bitcoin Open Interest over the year 2023 so far:
The above graph shows that the Bitcoin Open Interest has registered a rather sharp surge today. The main instigator behind this futures rush appears to be the surge in the cryptocurrency's mark beyond the $27,000 level.
Before this rise, the indicator had a value of $11.04 billion, but now it has hit the $12.81 billion mark, suggesting an increase of a whopping $1.77 billion (about 16%).
This rapid growth in the Open Interest can naturally lead to the asset becoming more volatile, althou...
|  | Crypto Exchange Coinex Pens an Open Plea for Dialogue With the Hacker&nb...
On September 12, 2023, Coinex was hacked, losing an estimated $54 million after hackers removed significant amounts of BTC, ETH, TRX, and other tokens. Three days later, Coinex released an open letter to the hackers, hoping to 'build a sincere and open channel of communication.'Hacked but Hopeful: Coinex's Pursuit of a Constructive Resolution
Founded in 2017 by Viabtc founder Haipo Yang, Coinex addressed the hackers responsible for the theft of $54 million in various cryptocurrencies. The exchange emphasized its mission to make 'the world a better place through blockchain.' Coinex believes the hacker might 'share similar aspirations.' The exchange seeks to initiate dialogue with the attackers, noting that a significant bug bounty would be awarded if the funds are returned.
'We sincerely invite you to work with us to resolve this issue in a securer, more reasonable, and more user-friendly manner,' Coinex said. 'We encourage you to communicate and negotiate with us actively on the blockchain or through our official email address. If you are willing to return the stolen assets, we will offer you a generous bug bounty as a reward,' the exchange added.
Coinex's outreach for reimbursement isn't unprecedented in the industry. Numerous projects, after experiencing breaches, have tried to communicate directly with the assailant. Sometimes, this approach succeeds, and the attacker is then labeled a 'White Hat' hacker, returning the stolen assets in exchange for a bounty. Coinex's lett...
|  | The Open Platform Aims to Pioneer Web3 SuperApp Development Through Wall...
[PRESS RELEASE - Dubai, United Arab Emirates, September 8th, 2023]
The company previously known as First Stage Labs is rebranding as The Open Platform (TOP) today. This strategic move aligns the name and mission of the company with those of its blockchain partner, TON Foundation. The business will be restructured as part of the rebrand. This will include merging with the team behind Wallet, the crypto application seamlessly integrated into Telegram Messenger.
TOP is committed to putting Web3 into the pockets of people worldwide, fostering genuine ownership, and creating new economies through the massive distribution and radical simplification of blockchain services. Wallet will lay the foundation to make this vision a reality. Initially introduced as a bot within Telegram, Wallet has evolved into a comprehensive app and platform enabling people to manage their digital assets as easily as sending a message. The development of Wallet has been accelerating over recent months as the team prepared to launch exciting new products. A service for merchants in Telegram was launched in July, and an invite-only developer beta was launched in August for its upcoming self-custodial wallet product, TON Space. Since it was announced, over 1000 developers have joined the beta, with a public release anticipated later this month.
“Today, with a clear vision, a strong team, established partnerships, and secured resources, we are ready to bring Wallet and the entire TON ecosystem to the wo...
|  | Grayscale Victory Sends Bitcoin Open Interest Surging After Hitting One-...
Over the last couple of weeks, the Bitcoin open interest had been on a downtrend that sent it toward one-year lows. However, with the Grayscale victory against the SEC coming on Tuesday, August 29, and sending a positive wave across the entire region, open interest in the digital asset has begun to surge once more.
Bitcoin Open Interest Pulls A Quick Reversal
On-chain data tracking platform Kaiko reported on Tuesday, August 29, that the Bitcoin open interest had been on the decline for a while. In the chart shared by the tracker, it is obvious that this BTC metric had previously fallen significantly since 2022.
#BTC open interest continued declining last week after the Aug 17 sell-off, hitting its lowest level since the collapse of Terra in May 2022. pic.twitter.com/M5L07ReabY
— Kaiko (@KaikoData) August 29, 2023
As August drew to a close, the open interest in the digital asset eventually declined to levels not seen since the Terra network collapse back in May 2022. This suggested that it could be a good chance to get into Bitcoin and it would be proven true not too long after.
On the same day, news broke that Grayscale had triumphed over the United States Securities and Exchange Commission (SEC) in court over its bid for its Spot Bitcoin ETF filing to be reconsidered. This triggered a rapid uptrend in the price of the digital asset and the open interest followed suit.
According to data from Coinglass, the Bitcoin open interest is seeing double-digit growth on some ex...
|  | Tron Reverses August Slump As TRX Open Interest Climbs
Tron (TRX) has orchestrated an impressive recovery, bouncing back from last week's dip of $0.07000 and regaining losses it incurred this month.
As of the latest data from CoinGecko, the TRX price currently stands at $0.076, despite a minor 1.2% decline over the past 24 hours. This resurgence follows a decent seven-day rally that has seen TRX gain 5.4%.
Delving into the technical analysis on a weekly timeframe, it becomes evident that TRON has been tracing an ascending support line since November 2022. This trajectory has been consistently validated through multiple instances, underscoring its significance.
Resistance Targets On Tron Radar
Market analysts and enthusiasts are now setting their sights on potential price trajectories for TRX. Based on a comprehensive price analysis, bullish sentiment is prevailing as TRX bulls seem poised to take on the next resistance level at $0.080.
Meanwhile, a noteworthy development has emerged within the derivatives market, adding a new dimension to TRX's ongoing journey. This development revolves around the concept of Open Interest rates, a critical metric that measures the cumulative value of outstanding derivative contracts.
Over a recent period, from August 18 to the present moment, Open Interest rates have experienced a remarkable surge, escalating from approximately $45 million to a robust figure exceeding $51 million.
This surge in Open Interest rates carries profound implications, casting a spotligh...
|  | Ethcon Korea 2023: The Ethereum Developer Conference and Hackathon, Now ...
[PRESS RELEASE - Seoul, Seoul, August 15th, 2023]
Brace yourselves for the most anticipated event in the world of Ethereum: Ethcon Korea 2023. This groundbreaking Ethereum developer conference and hackathon are now officially open for registration, beckoning visionaries, developers, and enthusiasts from all corners of the globe to converge and explore the boundless possibilities of the Ethereum ecosystem.
An Event Beyond Compare
Organized by the esteemed Ethcon Korea Steering Committee and proudly sponsored by none other than the Ethereum Foundation, Ethcon Korea 2023 is poised to be a pivotal moment in the evolution of Ethereum. From September 1st to 3rd, the vibrant district of Seongsu-dong in Seoul will play host to this dynamic convergence of minds.
Key Details:
Conference Pass: Priced at a modest $69
Hackathon Pass: At an equally enticing $79
Embrace the Highlights:
The grandeur of Ethcon Korea 2023 unfolds through its rich agenda:
Day 1(Sept 1): Keynote by Ethereum Creator Vitalik Buterin
Day 2(Sept 2): Workshops by Global Ethereum Project Teams
Day 1, 2, 3: Hackathon with 'Quadratic Funding' Prizes. Prize pool is 45k USD.
Join Us:
Be part of Ethereum's future at Ethcon Korea 2023. Unite with fellow developers and enthusiasts, gain insights from Vitalik Buterin, and engage in hands-on workshops. Register now on our official website.
https://2023.ethcon.kr/
https://t.me/ethcon_korea_1
About Ethcon Korea:
Ethcon Korea, sponsored by the Ethereum Foundation, fosters col...
|  | Bitcoin Open Interest Hits Peak Since FTX Crash: What It Means
In a market that has been relatively quiet for weeks, Bitcoin (BTC) has suddenly sprung to life, with its Futures Open Interest (OI) reaching levels not seen since the FTX crash. Open Interest, a metric that measures the total number of outstanding futures that have not been settled, provides a glimpse into the trading activity and potential future price movements of an asset. A surge in OI can indicate heightened trading activity and interest in the market.
Starting early Tuesday, Bitcoin's price action surged by more than 3.5%, breaking the $30,300 mark for the second time this month. This movement began around 5 am EST, pushing the price to a 16-day-high. The catalyst behind this surge seemed to be the rumor that insiders at BlackRock and Invesco have confirmed that a Bitcoin spot ETF is not a question of “if” but “when”, suggesting an approval within the next four to six months.
'Bitcoin whales opened giga long positions at $29k,' remarked CryptoQuant CEO Ki Young Ju. The Head of Research at CryptoQuant further added, 'A lot of talk lately about increasing probability of Bitcoin spot ETF approval in the US. Now Coinbase premium sharply up and moving towards positive territory (implies Bitcoin demand in the US is strengthening). GBTC price discount has continued to narrow.'
Bitcoin Futures Open Interest Skyrockets To Yearly High
Aggregate OI for Bitcoin futures saw a significant jump, increasing by over $1 billion from the previous day to a stagger...
|  | Record-Breaking $10 Billion Open Interest Fuels Bullish Speculation For ...
The cryptocurrency market has experienced a period of stagnation, with Bitcoin (BTC) trading within a narrow range for the past week.
However, according to market analyst Ali Martinez, there is a glimmer of hope on the horizon as Open Interest, a key indicator of market sentiment, has skyrocketed to a year-to-date high.
Correlation Between Open Interest And Bitcoin
Notably, the correlation between Open Interest and Bitcoin’s price has historically been significant, suggesting that this surge may herald a potential reversal in the leading cryptocurrency's fortunes.
Martinez believes the recent dip to $28,700 prompted crypto traders to take long positions, fueling optimism for a Bitcoin resurgence.
Over the past week, the overall crypto market has experienced a period of stagnation, with Bitcoin trading within a tight range of $28,900 to $29,200.
This consolidation follows a continuous decline from its yearly high of $31,800, which has also set the tone for other major cryptocurrencies. The lack of significant price movement has left investors and traders eager for a catalyst that could propel the market forward.
Nevertheless, the number of open long and short positions on crypto derivative exchanges has surged to a remarkable year-to-date high of $10.086 billion. This surge in Open Interest is significant, indicating heightened market activity and trader engagement.
One crucial aspect to consider is the historical correlation between Open Interest and...
|  | Wallex.US Wallet Sponsors US Open of Surfing – One of the Largest ...
The newly launched a non-custodial crypto and defi wallet app Wallex.US is making a big splash by becoming the first ever cryptocurrency company sponsoring a major surfing event. The 2023 Wallex US Open of Surfing will be held in Huntington Beach, California, from July 29 through August 6, 2023.
Wallex.US Is Making Big Waves
Wallex.US has recently introduced a non-custodial crypto and defi wallet that promises to change the web3 landscape. The app provides an innovative, secure, and easy-to-use method for managing digital assets, allowing users to keep complete control over their funds. It is available for iOS on Apple’s App Store and for Android devices on Google Play.
The new wallet is already making big waves by sponsoring a major surfing event, and one of the biggest in the world at that. 2023 Wallex US Open of Surfing will be held in Surf City Huntington Beach, California from Saturday, July 29 - Sunday, August 6, 2023. The popular event will be broadcast live on World Surf League's website, YouTube channel and app.
The Wallex.US non-custodial wallet offers a range of features designed to make managing digital assets easy and convenient, such as real-time and historical data chart monitoring and analysis capabilities. And the “Pay & Get Paid” feature allows users to easily send and receive payments in over 150 different cryptocurrencies. Users can also expect to see new features coming soon such as swapping, top-up by card, and different card services a...
|  | Latam Insights — Argentina Reaches IMF Agreement, Bitfarms to Open...
Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue, Argentina reached a new agreement with the International Monetary Fund (IMF), Bitfarms will open two bitcoin mining farms in Paraguay, and Venezuela is now accepting MIR card payments.
Argentina Reaches New Disbursement Agreement With the IMF
Argentina has reached a new agreement with the International Monetary Fund (IMF) to accelerate the delivery of resources during this year. According to Economy Minister Sergio Massa, this new deal includes the disbursement of funds to Argentina in August and November, allowing the embattled nation to replenish its reserves at least for this year. While Massa declined to mention specific numbers, he stated these payments were able to fulfill the country's expectations.
Also, Massa declared this agreement reinforces the ability of the Central Bank of Argentina to intervene and balance its internal exchange system. The bank had been reducing foreign currency sales to importers as its reserves touched historic lows.
Massa explained:
From now on, you have a Central Bank that does not have a dilemma to make payments and you have less pressure on financial dollars that influence price remarking.
Bitfarms to Launch Two Bitcoin Mining Farms in Paraguay
Bitfarms, a Nasdaq-listed Bitcoin mining company, announced that it had secured two power purchasing agreements in Paraguay to build two new Bitcoin mini...
|  | Scarce Open Market Supply of Top Two Gold Tokens as Concentration Levels...
Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist two noteworthy tokens backed by gold: pax gold (PAXG) and tether gold (XAUT). Together, these tokens amass a considerable worth of nearly $1 billion. Although the total number of PAXG and XAUT tokens reaches nearly 500,000, their distribution is relatively concentrated, amongst the 31,000 token holders.Nearly 500,000 Gold-Backed Tokens in Circulation, Yet 20 Wallets Dominate the Supply
The two leading gold-pegged crypto assets, PAXG and XAUT, which are backed by a troy ounce of .999 fine gold, still dominate the field of precious metal-based digital currencies. The demand for tokens backed by gold experienced a significant surge in 2022, notably when gold reached its all-time high of $2,074.60 per ounce on March 8th.
An illustrative example is PAXG, which saw its market value soar from $424 million on February 19, 2022, to $611 million by the end of March. Tether gold also saw growth last year, with its market capitalization increasing from $430 million in February 2022 to $486 million the following March, a rise of more than 13%. Combining the market capitalizations of both PAXG and XAUT on March 23, 2022, amounted to $1.09 billion in value.
Today, the combined market capitalization of both gold-backed tokens has decreased, with PAXG standing at $490 million and XAUT at $487 million. Over the past day, PAXG, iss...
|  | Bitcoin Options Contracts Open Interest Surges Following ETF Filings
Professional traders are flocking back to Bitcoin funds in the wake of multiple applications for exchange-traded funds by leading asset managers.
As a result, open interest (OI) for options contracts has soared to $13.8 billion, according to blockchain analytics firm Glassnode.
Furthermore, the increase in demand for Bitcoin options has pushed OI close to its all-time high of $15.1 billion, the firm added before commenting:
“This suggests market investors are increasing their exposure to risk-defined derivative instruments.”
#Bitcoin Options Contracts have experienced an increase in demand as Open Interest recently soared to a value of $13.8B, just $1.3B shy of the ATH of $15.1B.
This suggests market investors are increasing their exposure to risk-defined derivative instruments. pic.twitter.com/vZyQQJtVvw
— glassnode (@glassnode) July 5, 2023
Bitcoin Options Demand Surges
Open interest refers to the total number of outstanding derivative contracts that have not been settled. For each buyer of a futures or options contract, there must be a seller.
Options are similar to futures but do not have a fixed settlement date and have the ‘option’ to be renewed or extended.
According to Deribit, around $116 million in Bitcoin options are set to expire on July 6. However, this is a very small amount of options contracts compared to previous expiries. Around $1.7 billion options contracts are set to expire on July 28, which may have a bigger impact on mark...
|
More OPEN Governance Token (#OPEN) News
|
|
|
Crypto Coin Prices and News 