Bitcoin24h $79,597.62+1.61%

Ethereum24h $2,514.87+1.84%

BNB24h $750.40-0.07%

XRP24h $1.44+2.50%

Solana24h $104.49+1.61%

TRON24h $0.3388-0.04%

Hyperliquid24h $86.69+4.70%

Zcash24h $1,263.18+9.11%

Dogecoin24h $0.0911+1.92%

Monero24h $497.85-0.85%

Oil price surge sparks billion-dollar trading frenzy on crypto platforms

Tokenized crude oil perpetuals on Hyperliquid have generated multiple, billion-dollar trading days this week.

US margin debt reached all-time highs as crypto lost $2 trillion

Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.

Polymarket quietly sunsetted one of its two de facto subsidies for quants adding liquidity to lure retail ‘taker’ orders.

After a senior Bloomberg analyst called for bitcoin to crash to $10k and kept interrupting his counterargument, Lawrence Lepard ragequit.

Skepticism about Binance and CZ continues to fester since October 10, and the company’s $1B BTC buy isn’t helping.