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Bitcoin’s Kimchi Premium refers to the gap between a token’s prices in South Korea and elsewhere.It may indicate the level of local demand for crypto.South Korea’s bitcoin premium has been declining since last month.
Bitget launched ADAUSD futures on May 10 , 2024 (UTC+8) with a maximum leverage of 20x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. ADAUSD (COIN-M Perpetual Futures): Parameters Details Listing time May 10, 2024 8:00 (UTC) Underlying asset ADA Settlement
The three spot bitcoin ETFs in Hong Kong saw about 90.16 BTC leave the products on Thursday, according to SosoValue.The total trading volume of the three ETFs amounted to $2.06 million on Thursday, down from $9.74 million on April 30, their first trading day.
The 11 spot bitcoin ETFs in the U.S. recorded a total daily net outflow of $11.29 million on Thursday.Only Grayscale’s GBTC saw net outflows on the day.
Institutional Crypto Research Written by Experts
The revenue sources of the Ethena protocol are spot collateral yield + funding rate revenue from short positions. The introduction of BTC collateral dilutes the collateral yield rate, while market calmness and a significant reduction in Ethena's short positions have decreased the funding rate revenue.
“A vote for Biden is a vote against the American cryptocurrency industry,” said Charles Hoskinson in a video that lashed the White House for its ongoing treatment of crypto in the United States.
- 20:36Bitwise CEO: Regulators may approve five spot ETFs this yearBitwise CEO Matt Hougan said that regulators may approve up to five different digital asset spot ETFs this year. However, to achieve this goal, he said the SEC needs to cross the regulatory "Rubicon".
- 20:26ORDI falls below 15 US dollarsThe market shows that ORDI has fallen below 15 dollars, currently reported at 14.99 dollars, with a 24-hour drop of 19.41%. The market fluctuation is quite large, please manage your risk well.
- 20:13In the past 24 hours, a total of $897 million has been liquidated across the network, with the majority being long positionsCoinglass data shows that in the past 24 hours, a total of $897 million has been liquidated across the network, including $806 million from long positions and $92.11 million from short positions.