Crypto Futures Trading

🪙 USDT's exchange balance hits highest level in a year and keeps rising Exchanges are holding more of Tether's USDT. The 7-day moving average of the change in USDT held by exchanges reached $568 million earlier this month, the highest it's been in a year. The moving average has remained positive since the start of February, indicating consistent growth of exchanges’ USDT holdings. Source https://t.me/Crypto_Futures_Trading

💰 BlackRock's Bitcoin ETF Snaps 71-Day Inflow Streak, Data Show BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, fell out of favor on Wednesday, preliminary data published by Farside Investors showed. For the first time since going live on January 11, the fund did not draw any investor money, snapping a 71-day inflows streak. Seven out of the other ten funds followed IBIT’s lead. Source https://t.me/Crypto_Futures_Trading

🇨🇦 KPMG survey reveals significant uptick in institutional adoption of crypto in Canada The Canadian financial sector witnessed a significant uptick in crypto adoption in 2023, according to a recent survey by KPMG in Canada. Financial Services: 50% of respondents now provide at least one type of cryptoasset service, increasing from 41% in 2021. Crypto trading, custody, clearing, and settlement services saw substantial growth, with 52% of firms now offering trading services, up from none reported in the previous survey. Source https://t.me/Crypto_Futures_Trading

🇺🇸 US DOJ seeks 36-month sentence and $50 million fine for ex-Binance CEO Changpeng Zhao The US Department of Justice has recommended a 36-month prison sentence alongside a $50 million fine for the former CEO of Binance, Changpeng Zhao. In response, Zhao’s legal team contends that his incarceration would be unprecedented, citing no prior instances of imprisonment in similar cases. Instead, they proposed an alternative of probation, potentially with home confinement at his residence in Abu Dhabi. Source https://t.me/Crypto_Futures_Trading

🇺🇸 SEC asks for comments on BlackRock's amended spot Ethereum ETF proposal The U.S. Securities and Exchange Commission is asking for public comments on changes made to BlackRock's proposed spot Ethereum exchange-traded fund. The world's largest asset manager is vying along with others for a spot Ethereum ETF, though optimism that one could get the SEC's greenlight in the next month has diminished. BlackRock filed for its spot Ethereum ETF in November 2023. Source https://t.me/Crypto_Futures_Trading

🟠 Binance unveils spot copy trading feature in automated strategy tools expansion Binance, the largest crypto exchange by trading volume, is set to roll out a new spot copy trading tool — enabling users to follow and automatically execute the same trades as some of the platform’s top traders. “At Binance, we’re always listening to our users and incorporating their feedback into our products. Our users give us great ideas because, very often, they know what works best for them,” Binance CTO Rohit Wad said in a statement shared with The Block. Source https://t.me/Crypto_Futures_Trading

🇺🇸 SEC lawyers resign following controversial DEBT Box case Two SEC lawyers have resigned following controversies in the regulator’s legal case against crypto firm DEBT Box. Bloomberg reported on April 22 that Michael Welsh and Joseph Watkins, who served as lead SEC attorneys in the ongoing case, resigned in April. The regulator reportedly intended to terminate both lawyers if they did not resign. Bloomberg said neither Welsh nor Watkins responded to its request for comments. Source https://t.me/Crypto_Futures_Trading

🇹🇭 Thailand plans to block unauthorized crypto platforms from local users Thailand's Securities and Exchange Commission has announced that it plans to block local access to unauthorized cryptocurrency platforms, and has asked local investors to move out their funds from such platforms. Following a meeting on April 19 with a government committee on preventing technology-related crimes, the SEC was ordered to submit information on locally unauthorized digital asset service providers to the Ministry of Digital Economy and Society. Source https://t.me/Crypto_Futures_Trading

🕶Just providing analyzes on regular basis. #Crypto #Alts 📲 @JeffRoss Not Financial Advice

📊 CEX Trading Volumes Nearly Triple Since October 2023: Bybit Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. Bybit Exchange emerged as one of the fastest-growing platforms, showing a remarkable 264% growth in trading volumes. Additionally, the U.S.-based exchange Coinbase experienced an uptick in volumes, rising by 193%, slightly below the industry’s average growth rate of 255%. Source https://t.me/Crypto_Futures_Trading