Ripple co-founder Chris Larsen reportedly invested in derivatives trading platform APEC.
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Uniswap founder Hayden Adams highlights SEC Commissioner Hester Peirce's comment letter supporting autonomous decentralized systems, noting it creates a pathway for compliant trading in permissioned Uniswap v4 pools in the US |source: Twitter
BWENEWS AI: Uniswap founder Hayden Adams highlights SEC Commissioner Hester Peirce's comment letter supporting autonomous decentralized systems, noting it creates a pathway for compliant trading in pe...
Decentralized derivatives trading protocol Variational will launch swap contracts in the third quarter.
According to Foresight News , the decentralized derivatives trading protocol Variational will launch swaps in the third quarter to bring liquidity from traditional financial institutions to the on-chain market. The official team has already signed a cooperation agreement to provide over $1 billion in open interest (OI) capacity to the swap market and has begun connecting traditional financial liquidity to perpetual contracts for gold, silver, and WTI crude oil, narrowing related trading spreads by over 20%. According to a previous report by Foresight News , Fortune magazine reported that Variational completed a $50 million Series A funding round in May of this year, led by Dragonfly Capital.
Analysis: Bitcoin rebounded, but spot trading volume shrank rapidly, and the risk of a squeeze on long positions in derivatives is accumulating.
According to BlockBeats, on July 6th, crypto analyst Murphy pointed out that during Bitcoin's rebound from $58,000 to nearly $64,000, spot trading volume declined rapidly. A rebound lacking support from spot demand is unlikely to form a trend reversal and is often just a sentiment-driven correction; the sustainability of the rebound needs to be monitored. On the positive side, the USDC/USDT exchange rate fell from 1.001 to 1.0006, indicating a weakening of exit intentions and a recovery in trading intentions. While major stablecoins on trading platforms are still experiencing net outflows, the outflow rate continues to narrow, and the marginal improvement in funding pressure supports the continuation of the rebound. However, the weakening of spot driving force means a relative increase in the weight of derivatives. The 7-day average of the perpetual contract long premium has continued to rise to $160,000/hour, indicating that Taker buying continues to push perpetual prices above spot prices; although open interest has decreased, it is still significantly higher than the level in February of this year. The current long premium is still within the normal range, but as the rebound continues, the risk of long squeeze will continue to accumulate. Once the open interest rebounds again, the fierce battle between long and short positions will make the volatility come faster and more rapidly. This is a hidden danger that needs to be paid attention to in advance.
BitGo Buys NYDIG's Institutional Trading Arm to Beef Up Derivatives and Financing
The roughly $42.5 million cash-and-stock deal adds derivatives, structured products and capital-markets capabilities, while letting NYDIG focus on its power and data-center business.
Former CFTC Chairman Chris Giancarl recommends prison memoirs.
According to Foresight News , former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo published an article recommending Binance founder CZ's prison memoir, calling it "a story about humility, perseverance, and self-discipline," and expressing his strong recommendation. According to a previous report by Foresight News , Chris Giancarlo announced in April of this year that he would be leaving the legal profession to become a full-time corporate and cryptography consultant.
Coinbase has obtained a MiFID license in the UK, which will allow it to offer derivatives and stock trading to UK users.
Odaily Odaily that Coinbase has announced it has obtained a UK Investment Services License (MiFID), enabling it to offer trading services for traditional financial products to UK users. Institutional and professional traders will be able to trade crypto, stock, and commodity perpetual contracts, while retail users will be able to trade stocks on the Coinbase platform for the first time. Coinbase stated that this license, together with its existing UK e-money license and crypto asset registration qualifications, forms part of its regulatory framework. It represents the largest expansion of the company's product capabilities since entering the UK market and will further advance its "Everything Exchange" strategy. In the future, the platform will also gradually support services such as stablecoin payments, savings, lending, and tokenized real-world assets (RWA).