In brief Bitcoin perpetual futures open interest is at a “historically elevated level,” according to Glassnode. The underlying signs are showing the market could be ready for a “leverage flush.” As Bitcoin has been busy limboing below the $45,000 mark, crypto derivatives are seeing a lot of “interest” as traders speculate on BTC’s future price.
Event badge app POAP announced today that it has raised $10 million in new seed funding. “We intend for this raise to be the first along the road to our building a better POAP,” wrote POAP Chief Operating Officer Isabel Gonzalez in a Medium post. POAP says the raise was led by Archetype and Sapphire
In brief AMC has given out free NFTs to more than 580,000 shareholders. The movie theater chain began accepting cryptocurrency payments last year. Movie theater chain AMC has increasingly leaned into the world of cryptocurrency since the initial meme stock frenzy that sent its share price soaring about this time last year. Now the company
Crypto asset manager Hashdex today announced that it has received approval to launch what the company is describing as the “world’s first” DeFi ETF. Developed in collaboration with cryptocurrency index provider CF Benchmarks, Hashdex’s new CF DeFi Index ETF—which will trade under the ticker DEFI11—will track the price of the CF Benchmark’s DeFi Modified Composite
Francis Ngannou is ranked as one of the top mixed martial artists in the world and currently holds the UFC heavyweight title. Soon, he’ll be holding some Bitcoin, too. The French-Cameroonian fighter announced via social media today that he would take half of his prize purse from this weekend’s UFC 270 event in Bitcoin while
In brief Animoca Brands, an investor in metaverse startups, has raised nearly $359 million. The firm is now valued above $5 billion, up from $2.2 billion in October. Animoca Brands, a leading investor in NFT games and metaverse startups, announced today that it has raised nearly $359 million at a valuation of more than $5
Fostering sustainable development has never been more urgent; according to recent research, the COVID pandemic has had a negative impact on 17 sustainable development goals, while nearly four in ten experts believe that a likely effect of the COVID pandemic will be to increase poverty and inequality. The Organization for Economic Co-operation and Development (OECD)
NFT marketplace OpenSea will buy Ethereum wallet company Dharma Labs. Devin Finzer, OpenSea’s CEO and co-founder, today said in a statement that the acquisition would help the marketplace grow in 2022 and improve the “technical reliability” of its products, which are currently prone to outages. Dharma Labs’ co-founder and CEO, Nadav Hollander, will become OpenSea’s
Technology giant Intel is set to enter the Bitcoin mining business, starting with the reveal of a new Bitcoin mining “Bonanza Mine” chip at this year’s International Solid-State Circuits Conference (ISCC) in February, according to a report by Tom’s Hardware. For the conference itself, Intel reportedly has a presentation prepared to outline the new Bonanza
Sam Bankman-Fried, CEO of crypto derivatives giant FTX, says the crypto regulatory ecosystem is on a knife’s edge right now. “It’s been really interesting being at the forefront of crypto regulatory thought and actually getting to see each part of this process work up close,” Bankman-Fried said on the first episode of the “gm from
and then 
