Bitcoin perpetual futures open interest reaches yearly high on Deribit exchange
Odaily News Open interest in Bitcoin perpetual futures on Deribit derivatives exchange has reached a yearly high of $740 million, a level not seen since Bitcoin reached an all-time high of over $68,000 in November 2021 Pass. An increase in open interest indicates that new money is entering the market, indicating growth in market participation and underlying liquidity. (The Block)
Binance CEO: Financial status is solid and fines from U.S. regulatory authorities will not affect the company’s development
Odaily News Binance’s new CEO Richard Teng recently held an AMA on the X platform. Regarding the recent fines, Teng said that Binance’s financial position is stable and these fines will not affect the company’s development. Binance will continue to maintain high standards for the listing of new projects, focusing on compliance and community participation. He also proposed three priorities that he will focus on: First, continue to drive the development of the business and ecosystem as a user-centric organization. Second, as the crypto space will face more regulation, he promised to push for regulatory clarity to promote the development of the entire industry. Third, work with partners to promote the application and popularity of cryptocurrency. He also talked about how cryptocurrencies are changing people’s lives globally, especially in developing and frontier economies, by providing low-cost financial services.
Coinbase: Stablecoins are part of the future of currency
Odaily News Coinbase published a blog post stating that stablecoins are part of the future of currency, and they have arrived. The number one objection Americans have to using cash in the current financial system is that there are too many fees to obtain and move money. Stablecoins offer consumers all the benefits of cash, including being cheaper and faster. They are an important part of the future of money, and they are already helping to update the system. As the importance of stablecoins increases, so does the urgency to clarify stablecoin regulation.
Société Générale issues first digital green bond on Ethereum, worth $10.8 million
Odaily News Societe Generale announced the issuance of the first digital green bond worth 10 million euros ($10.8 million) as a security token registered directly on the Ethereum public blockchain by SG-FORGE. The token has been privately placed Fully subscribed by two top institutional investors, AXA Investment Managers and Generali Investments, the bank will use the net proceeds from the bond sales to fund or refinance sustainable activities. Société Générale said the tokenized bonds would ensure “increased transparency and traceability, and increase the liquidity and speed of trading and settlement.”
BlackRock Chief Investment Officer Rick Rieder: The Fed’s rate hike cycle is over
Odaily According to CNBC: BlackRock Chief Investment Officer Rick Rieder said that the Fed’s interest rate hike cycle is over. (Golden Ten)
ORDI briefly exceeded 47 USDT and continued to hit new highs, with a 24-hour increase of more than 42%
Odaily News OKX market shows that ORDI broke through 47 USDT in a short period of time, rising to a maximum of 47.48 USDT. The current price is 46.91 USDT, and the 24H increase expanded to 41.85%.
Forbes launches Web3 experience and community hub ForbesWeb3
Odaily News According to the official The publication stated that since 1917, Forbes has been at the forefront of supporting entrepreneurs and success, and ForbesWeb3 is unlike any community and is cultivating a network for Web3 practitioners, providing enhanced benefits and opportunities to help write the next chapter.