6 hours ago
Gold roseate to a grounds precocious of implicit $3,500 per ounce aboriginal Tuesday arsenic bitcoin (BTC) continued to commercialized successful a lackluster fashion.
Data tracked by Lookonchain showed that a whale code 0xFf15 offloaded 425 BTC, worthy $46.5 million, successful speech for implicit 10,500 ETH successful the past 4 days.
Meanwhile, Glassnode said that semipermanent holders person stepped up profit-taking, spending 97,000 BTC connected Friday.
Derivatives Positioning
By Omkar Godbole
- Crypto futures bets worthy $370 cardinal person been liquidated by exchanges successful the past 24 hours arsenic the bitcoin terms bounced, confounding expectations for a determination lower.
- The liquidation led to a diminution successful unfastened involvement (OI) successful futures tied to astir of the apical 10 tokens, excluding BTC. Open involvement successful BTC accrued by implicit 1%, a motion of caller superior inflows.
- XRP printed a "spinning bottom" candle connected Monday, hinting astatine a imaginable bull reversal. However, OI successful USD and USDt-denominated perpetuals connected large exchanges fell by 5.69% alongside anemic spot trading volume. The enactment weakens the lawsuit for a sustained recovery.
- Perpetual backing rates connected an eight-hour ground for BTC, ETH, and different large cryptocurrencies are hovering conscionable supra zero, indicating a flimsy bias toward longs.
- On the CME, positioning successful BTC futures remains light, alongside a near-record OI of 2 cardinal ETH successful ether futures.
- On Deribit, BTC options bespeak downside concerns, with puts trading astatine a premium to calls retired to December expiry. Ether options besides grounds a enactment bias, but not arsenic pronounced arsenic those of BTC. Options tied to SOL and XRP awesome stronger request for upside exposure.
- BTC artifact flows person been somewhat bearish, with traders picking up the September expiry $105K enactment and penning the $135K telephone successful the October expiry, alongside enactment calendar spreads. In ETH's case, puts astatine $3,800 and $4,200 were lifted.
Token Talk
By Shaurya Malwa
- World Liberty Financial (WLFI), the Trump-affiliated DeFi project, is floating a buyback-and-burn programme to enactment up assurance aft its rocky launch.
- Under the proposal, fees from WLFI’s liquidity positions connected Ethereum, Binance Smart Chain and Solana would beryllium utilized to bargain tokens connected the unfastened marketplace and permanently pain them.
- The plan shifts the token’s framing from oversupply to engineered scarcity. More trading measurement equals much fees, which successful crook fuels much burns.
- Team members accidental it aligns semipermanent holders with protocol growth, though skeptics telephone it optics implicit substance.
- WLFI trades astatine 23 cents with a $6.39 cardinal marketplace cap, down 24% connected the time and acold beneath the futures-market valuations supra $40 cardinal seen astatine launch.
- A community-backed governance connection is besides circulating to involvement 80% of WLFI’s locked proviso into pools, with rewards drawn from a 20% assemblage reserve. Proponents accidental it turns idle tokens into productive assets; critics accidental it's token recycling.
- WLFI’s debut has been marred by information issues. Hackers exploited Ethereum’s EIP-7702 “delegate contract” diagnostic to drain tokens from unsuspecting wallets successful what information researchers called a phishing-style exploit.
- Victims picture losing astir of their allocations. One capitalist said they salvaged lone 20% of their holdings earlier attackers siphoned the rest.
- SlowMist laminitis Yu Xian warned the exploit triggers arsenic soon arsenic compromised users effort transfers, redirecting funds to attacker wallets.
- Scams multiplied alongside the exploit: Bubblemaps flagged WLFI “bundled clones,” portion phishing links dispersed crossed Telegram and X, further trapping aboriginal retail buyers.
- The dual daze of terms illness and method exploits underscores WLFI’s fragile motorboat dynamics, with insider-driven supply, governance controversies and outer information risks converging to trial the project’s viability.
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