Nexo’s futures markets aren’t targeted at high-leverage traders of existing perps exchanges. Rather, they’re designed for Nexo’s existing customer base, as well as users of other exchanges who’ve yet to experiment with leveraged products.
For several hours, the iShares XRP Trust appeared on the ICIS Delaware website suggesting that BlackRock had filed to list an XRP ETF, which was confirmed to be fake.
Cboe Digital’s planned launch of margin Bitcoin and Ethereum futures is set to complement its existing spot crypto market, which includes trading pairs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC
The decline in oil prices followed the release of China’s mixed economic data. This data countered the impact of oil production cuts by Saudi Arabia and Russia.
CME’s rise to prominence is often viewed as a sign of an institutional-led rally in the cryptocurrency market.
The author of Rich Dad Poor Dad expects the prices of Bitcoin (BTC), Gold, and Silver to rally in the near future as every government around the world prints more money pushing inflation to a multi-year high.
The ongoing Israel-Gaza conflict has also played a significant role in the oil market’s turbulence.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping Russian oil that exceeded the established price cap.
Following the attack by Hamas on Israel on October 7, traders initially priced in a $3 to $4 risk premium when oil markets opened.
OPEC strongly criticized the IEA’s forecast of peak fossil fuel demand before the decade’s end, labeling the IEA’s narrative as “extremely risky”, “impractical”, and “ideologically driven”.
Oil prices rose today as Hamas and Israel continue their conflict with many injured and several dead on both sides.
Although Saudi Arabia and other OPEC players have likely decided to extend their oil production cuts by the end of the year, analysts believe that this won’t last long.
Prices of cobalt are may remain low for a while as demand from EV and consumer electronics makers are likely to remain lower than supplies.
Similarly, the global rice market is currently under pressure as China, the world’s top rice producer, deals with severe rain and flood concerns in its grain-producing north-eastern area.
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts.