Crypto Coinfessions ✖️

From: rubikkav.nft #Crypto Derivatives Comprise A Record 79% Share Of #Trading #Volume Globally. While the #BIS does not track the notional exposure of other exchange-traded derivatives globally, derivative contracts on equities, commodities, and credit default swaps comprise only ~3% of the O... Click here to learn more

From: rubikkav.nft #Grayscale #Bitcoin Trust’s (#GBTC) discount compared to net asset value (#NAV), which is now at -43.10%. Despite improving this year, the discount fluctuates based on speculation related to their ongoing legal battle with the #SEC. Grayscale continues to contest the SEC's r... Click here to learn more

In May, #spot #trading #volume on centralised exchanges fell 21.8% to $495bn, recording the lowest monthly spot trading volume since March 2019. Source: https://buff.ly/3oLZdbz

From: rubikkav.nft #Bulls have been caught by surprise with the negative newsflow, says #cointelegraph. It is worth noting that the actual open interest for the June 9 expiry will be lower since bulls concentrated their wagers above $27,000. These traders got excessively optimistic after #Bi... Click here to learn more

After the #SEC lawsuit against #Coinbase, there was a surge in the number of users unlocking their #ETH on the exchange. Source: https://buff.ly/3J40BNk

#DeFi markets in constant decline since March 2021, seeing an 86.4% drop in the combined market cap of the top eight tokens, totaling $6.2 billion. Source: https://buff.ly/42zQKpA

From: rubikkav.nft Cccording to #onhain #metrics firm #Glassnode, an outflow of 10,500 BTC from #Binance has been observed following the SEC lawsuit. However, it should be noted that this current value is still small compared to the maximum net outflow recorded on the exchange, which was -40,... Click here to learn more

From: rubikkav.nft #Binance’s #liquidity has fallen from $30mn before the announcement to $22mn today. It has almost exactly the same amount of liquidity as the next 39 exchanges combined (minus the other exchanges charted). #Coinbase, meanwhile, has been nearly unaffected by the regulatory... Click here to learn more

From: rubikkav.nft #Binance’s #Spot #Market Share Falls for the Third Consecutive Month The halting of zero-fee trading for #USDT pairs, combined with general weakness in the market and increased scrutiny from regulators, has led to Binance’s spot market share falling for the third consecutive... Click here to learn more

From: rubikkav.nft #Gaming saw a 66% increase in total funding amount and a 240% increase in the number of deals announced in May compared to April. That being said, total #Web3 game investments are still down by 37% compared to February Click here to learn more

From: rubikkav.nft After contracting for two consecutive quarters, the entire #eurozone region fell into a recession in Q1 2023. Both consecutive quarters saw negative quarters in Q4 2022 and Q1 2023. At the end of May, it was reported that Germany went into a recession. Click here to learn more

From: rubikkav.nft 📍Next Week we have • CPI & PPI numbers • FED Interest Rate Decision • FOMC Press Conference Be ready for the incoming volatility😉 Click here to learn more

From: rubikkav.nft #WallStreet Braces For $1 Trillion Treasury Issuance - This Is Good For #Crypto Following President Joe Biden's signature on legislation to suspend the federal debt ceiling, the U.S. Treasury is readying a flood of new bonds that could impact the market significantly. With... Click here to learn more

From: rubikkav.nft #Ethereum #ETH #Crypto futures contracts in healthy markets should trade at a 4 to 8% annualized premium, wrote #cointelegraph. According to the futures premium, known as the basis indicator, professional traders have been avoiding leveraged longs (bullish bets). Still, no... Click here to learn more

#Bitflyer is Japan's largest crypto exchange, with a market share of 38.0% and a trading volume of $1.51 billion in May 2023. This represented a -28.8% month-on-month (MoM) decline, having recorded $2.12 billion in April 2023. More: https://buff.ly/42nOv8V

From: rubikkav.nft Derivatives volumes decreased by 14.4% in May to $1.92tn. The #derivatives #market now represents 79.5% of the entire crypto market (vs 78.3% in April). This is a new all-time high for the market share of derivatives, highlighting the increased usage of leverage as the pri... Click here to learn more

U.S. crypto market share remains dominant but has fallen from 85% at the start of 2023 to 70% today — link

From: rubikkav.nft Tokens associated with early #DeFi projects such as #Link (LINK), #Synthetix (#SNX), #Curve (#CRV), #Uniswap (#UNI), #MakerDAO (#MKR), #Aave (#AAVE), and #Compound (#COMP) registered their lowest combined volume in since January 2020 last month. The tokens registered just un... Click here to learn more

From: rubikkav.nft #Bitcoin supply held by entities in Asia increased by 9.9% in 2023, as the region begins introducing crypto-friendly regulation and U.S. tightens its regulatory stance, according to #cryptoslate. Asian #crypto #market showed a surge in Bitcoin supply. According to data from ... Click here to learn more