“‘Wen token?’ is one of the most asked questions in crypto,” Polymarket founder Shayne Coplan told CoinDesk. “What’s great about the Airdrop Futures is that it can combat asymmetric information. You can see the probabilities according to an actual free market. It’s a really powerful idea.” Source link … [Read more...] about Polymarket’s New Airdrop Futures Market Has Answers
Futures
WisdomTree Adds Bitcoin Futures Exposure to Fund, Refiles for Spot ETF
“We’ve said that for a 100% bitcoin fund, we prefer the spot. We have not filed for a 100% futures [fund]. For a 3% to 5% position, we think that futures are a reasonable access tool. But for a 100% position, we think that you want the spot,” said Schwartz. “We’re making our filings as strong and compelling as possible, and you’ve got to get over the different issues from the … [Read more...] about WisdomTree Adds Bitcoin Futures Exposure to Fund, Refiles for Spot ETF
Crypto Futures See $300M in Losses After Spot Market Drops
Bitcoin prices rose above $52,000 on Monday before tumbling as much as $3,000 early Tuesday, causing over $94 million in liquidations. Such figures were last seen earlier this month after bitcoin fell as low as $41,000 from highs around $69,000 in November. Losses due to liquidations exceeded $435 million at the time. Source link … [Read more...] about Crypto Futures See $300M in Losses After Spot Market Drops
CME Trades 100K Contracts of Micro Ether Futures in First Two Weeks
Micro ETH futures’ slow start isn’t surprising, however, given the current dour market mood. Further, volumes usually dip ahead of the year-end holidays. When micro BTC contracts went live in early May, market sentiment was quite bullish, with bitcoin trading around $60,000. Source link … [Read more...] about CME Trades 100K Contracts of Micro Ether Futures in First Two Weeks
Ether Drops to $3.8K As Over $12.5M Futures Liquidated
Coinglass analytics showed $11.89 million worth of liquidations originated from ‘long’ traders, or those borrowing from exchanges to bet on higher ether prices. 92% of all traders were long ether Monday morning, and 50% of the liquidations took place on crypto exchange OKEx, which accounted for over $4.93 million in liquidations. Source link … [Read more...] about Ether Drops to $3.8K As Over $12.5M Futures Liquidated