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Tag Archives: Market News

Block Scholes and Bybit Report Highlights Stability in Crypto Derivatives

A recent combined report by Block Scholes and Bybit sheds light on the crypto derivatives market’s robust performance despite recent turbulence. The analysis of futures, options, and perpetual contracts showed the case to understand how the sector is stable during high volatility. The report notes that, while BTC fell below $59,000, the futures market remained relatively stable. The open interest for futures contracts was flat, meaning traders were proactively reducing their leveraged...

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Stablecoin Market Sets New Record at $168 Billion

The stablecoin market has reached a new milestone, with its total market capitalization hitting an all-time high of $168 billion. This achievement follows 11 consecutive months of growth, as shown by data from DefiLlama. The current potential exceeds the maximum of $167 billion recorded in March 2022, indicating a clear recovery and growth stage for stablecoins. It is important to note that this data does not include a category often referred to as algorithmic stablecoins, where the value is...

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AAVE Outperforms All Cryptos by Market Value in the Past Four Weeks

AAVE outshined every crypto in the market, rising by 48% in the past month. New proposals brought to the protocol by its governance participants have kicked off the token’s rally. DeFi protocol Aave’s native token AAVE has caught the industry off guard, outperforming every top 100 crypto asset in the past four weeks. Its price has risen by over 48%. To put how impressive that is into perspective, the runner-up–Helium’s HNT–token has witnessed a price increase of 21%. AAVE’s price at the time...

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Planetarium Labs Opens Pre-Registration of Immortal Rising 2 Grand Launch Following Electrifying Closed Beta Tests 

The pre-registration of Immortal Rising 2 began on August 19 ahead of the anticipated grand launch in the coming weeks. The Immortal Rising 2 has already partnered with Polygon-powered Immutable zkEVM to ensure reliable scalability after the grand launch. The early birds who successfully register for the Immortal Rising 2 will gain access to exclusive rewards. After concluding the second Closed Beta Test (CBT) that registered an impressive retention rate, Planetarium Labs-backed Immortal...

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