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🔥🔥 Breaking: President of Colombia 🇨🇴 Gustavo Petro Officially Owns #Bitcoin In what could be the beginning of yet another Bitcoin adoption saga in the South American region, President of Colombia Gustavo Petro officially became a BTC holder. El Salvador 🇸🇻 adopted Bitcoin as legal tender in September 2021 and more to come.

📊 Massive Week Ahead 🚀 -Monday 📆: ⭐️ SEC vs Binance Designated Court Hearing 🏛️ -Wednesday 📆: ⭐️ FOMC Interest Rate Decision 📈 (14:00 EST) ⭐️ FOMC Press Conference 🎙️ Powell Speech (14:30 EST) -Friday 📆: ⭐️ SEC vs Binance Documents Unsealed 📜💼 Get ready for a week filled with big events!

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TOP 5 Crypto News (Today) : 📈 BlackRock is now 2nd largest shareholder in 4 biggest Bitcoin mining firms. 🏦 Western Union Embraces Ripple's Blockchain Technology and XRP Token for Improved Financial Transactions. 💼 Crypto Adoption Grows Stronger as Over 680,000 ETH Added to Liquid Staking in 28 Days. 💰 Pepe confirms former team members stole $15 million from multisig wallet. 💸 According to financial reports from OnlyFans, the company has purchased Ethereum worth $19.8 million.

🔥 Uber users will eventually be able to pay for rides using #Bitcoin, said CEO.

🥇 Are we bullish on the next election ???? - 𝐃𝐨𝐧𝐚𝐥𝐝 𝐓𝐫𝐮𝐦𝐩 has an NFT collection - 𝐑𝐨𝐛𝐞𝐫𝐭 𝐊𝐞𝐧𝐧𝐞𝐝𝐲 bought 2 bitcoin for each of his 7 children, says he will make bitcoin tax free and ban central bank digital currencies - 𝐑𝐨𝐧 𝐃𝐞𝐬𝐚𝐧𝐭𝐢𝐬 says he will ban central bank digital currencies on his first day and protect your right to bitcoin - 𝐅𝐫𝐚𝐧𝐜𝐢𝐬 𝐒𝐮𝐚𝐫𝐞𝐳 receives his entire salary in bitcoin

Just In: The Singapore high court ruled, Crypto is now Legally recognized as personal property 🔥

Polygon's native token, MATIC (+1.39%), continues to fundamentally become more solid as it has surpassed its parent blockchain—Ethereum—and another popular layer 1 protocol—Solana, in terms of daily active users. This stat coming at the back of the recent Polygon proposal to move to a new token, POL, can be a solid bullish catalyst for the price of the new token

🏦 The Federal Reserve (FED) is launching new payment system named FedNow, which is scheduled to launch tomorrow. It aims to enable instant payment settlements between banks, ensuring instant transactions. The launch of FedNow might be perceived as a negative signal for #Bitcoin.

let's go through an example of funding rates in a perpetual futures contract using a hypothetical scenario involving Bitcoin. Suppose there is a popular cryptocurrency exchange offering a Bitcoin perpetual futures contract. The contract's value tracks the price of Bitcoin, but it does not have an expiration date, and traders can hold their positions for as long as they wish. 1. Market Situation: Currently, Bitcoin's spot price (the actual market price of Bitcoin) is $40,000. However, due to high demand and bullish sentiment, the Bitcoin perpetual futures contract is trading at a premium. Let's say the contract's price is $41,000. 2. Funding Interval: The exchange calculates and applies the funding rate every 8 hours. This rate is used to bring the contract's price closer to the spot price. 3. Funding Rate Calculation: The funding rate is determined by the difference between the contract price and the spot price, as well as the overall market sentiment (longs vs. shorts). For this example, let's assume the funding rate is 0.01%. 4. Longs and Shorts: Suppose there are currently more long positions (traders expecting Bitcoin's price to rise) in the market compared to short positions (traders expecting Bitcoin's price to fall). 5. Funding Fee: Since the contract is trading at a premium, longs will have to pay a funding fee to shorts during the funding interval. Let's calculate the funding fee for a trader who holds a long position with a notional value of $10,000. Funding Fee = Notional Value x Funding Rate Funding Fee = $10,000 x 0.0001 (0.01% in decimal form) Funding Fee = $1 6. Impact on Traders: If you are a long trader with a $10,000 position, you would have to pay $1 as a funding fee during the 8-hour funding interval. This funding fee compensates short traders who are taking the opposite position and helps keep the contract's price in line with the spot price. 7. Market Adjustment: As longs pay funding fees to shorts, it creates an incentive for traders to take the opposite position of the prevailing market sentiment. If more traders start opening short positions, the funding rate may become negative, and shorts would then pay funding fees to longs. The funding rate mechanism aims to stabilize the perpetual contract's price by encouraging traders to adjust their positions according to the market sentiment and the difference between the contract price and the spot price. It helps prevent the contract from deviating significantly from the actual market value of the underlying asset, which is crucial for the proper functioning of perpetual futures contracts.

🚨🚨🚨 An #Ethereum ICO participant woke up after 8 years of dormancy and deposited all 61,216 $ETH($116M) to #Kraken 2 hrs ago. He received 61,216 $ETH($116M currently) at Ethereum Genesis, the ETH ICO price is ~$0.31.

🐳 Whales made huge bitcoin purchases : 592k BTC at $30.2k 523k BTC at $26.8k 637k BTC at $16.5k If the $30.2k level fails to hold, it is likely that the market will gravitate towards the $26.8k level as there is considerable demand from the whales.

BREAKING: 🆘 According to Lookonchain, Celsius began to sell its altcoin assets: 1.27M LINK ($8.5M) 2.83M SNX ($7.84M) 12,597 BNB ($3M) 4.45M 1INCH ($2.26M) 8.53M ZRX ($1.9 M) 439K FTT ($713K) were transferred to FalconX and 186,149 BONE ($235K) was deposited into OKEx.

🚨🚨🚨 3,837 BTC ($117,206,904) transfered from Unknown to #Binance

BREAKING: 🆘 SEC SUES CELSIUS NETWORK & ITS FOUNDER ALEX MASHINSKY

💰 WBTC lost it's peg currently traading at $23.9k while #bitcoin is trading above $30k. WBTC is fluctuating rapidly. https://coinmarketcap.com/currencies/wrapped-bitcoin/