Chicago Mercantile Exchange (CME) Reported, that starting with 6 December, its clients will be able to work with micro-futures on Ethereum. The innovation will give investors the opportunity to conduct transactions for much smaller amounts., than with the current Ethereum futures Ethereum futures were launched on CME this February.
According to The Block Research, in 2021 year, the total amount of funds stolen as a result of attacks on DeFi projects amounted to $680 million DeFi protocols lost due to exploits and bugs $1,4 billion, but $760 million were returned. During the year, there was 70 DeFi exploits on four blockchain platforms.
Last week, the rate of inflow of funds to cryptocurrency funds slowed down, failing to maintain hype after debut of first US Bitcoin futures ETF According to CoinShares report, during the last week entered investment products based on digital assets $288 million, which is much lower than the record indicators of the previous week in the amount of $1,47 billion. Since the beginning of the year, the inflow of funds into crypto funds has grown to $8,7 billion. Same as last week, the lion's share of new investments fell on BTC funds – about $269 million. The decrease in the rate of inflow of funds coincided with the market pause: 20 October, the BTC rate reached an all-time high, but then there was a slight correction. US Bitcoin ETFs Slow Down Amid Decrease In Hype After Initial Launch: in a week they managed to attract only $53 million. ProShares' first Bitcoin futures ETF begins trading on the New York Stock Exchange 19 October under the ticker BITO. He was able to quickly attract more $1 billion. Last week, funds working with Ethereum managed to break the three-week negative trend and attract $16,6 million. Since the beginning of the year, ETH funds have attracted $1,06 billion, losing only to BTC funds, Gathered $6,37 billion. Other altcoins have continued to be popular as well.: Solana-focused funds raised $15 million, Cardano funds – $5 million and Polkadot funds – $6,2 million.
Famous cryptocurrency trader Pentoshi thinks, that Ethereum is ready for a crazy rally, and also bullish on two popular altcoins He expects ETH to continue its meteoric rise, as the asset is ready to make a higher high: “ETH is on the verge of a market opening.
Like many other altcoins, Decentraland (WHERE) caught an uptrend. The asset managed to follow the bullish pennant pattern and soar to 80%. Within a week, the MANA rate rose by 313%.
Against the background of setting new exchange rate records for BTC and ETH, the demand for digital assets from investors is growing and fund managers are making every possible effort., what to satisfy him According to Bloomberg Intelligence analyst James Seiffart, currently over 40 cryptocurrency funds or ETFs awaiting listing in the US.
Shiba Inu has been in the spotlight for some time thanks to its explosive growth. The asset even surpassed competitor Dogecoin in terms of market capitalization.
Recently, the popular cryptocurrency exchange Coinbase has been actively adding new assets and this time they got the listing right away. 4 little-known altcoin Ethereum-based KRL token, providing the operation of the automated trading platform Kryll, grew rapidly after listing.
The rapid rise of the course of the "Killer Dogecoin"" and the meme cryptocurrency Shiba Inu (SHIB) led to that, that its market cap has exceeded Dogecoin's market cap According to CoinGecko, SHIB entered the top 10 cryptocurrencies in terms of market capitalization with an indicator of about $39 billion. Dogecoin capitalization is around $32 billion. Remarkably, that in the capitalization rating SHIB has bypassed not only Dogecoin, but also the popular stablecoin USDC (created by the CENTER consortium). As with Dogecoin, the creation of SHIB itself was a joke. The asset supply is estimated at hundreds of trillions of tokens, hence the relatively low rate. Besides, following the example of Dogecoin, SHIB Gains Attention Through Social Media, for example TikTok (although the platform later banned ads about cryptocurrencies). Also, the SHIB cryptocurrency increased the level of its fame last spring., when ethereum creator Vitalik Buterin sold many tokens transferred to him by the creators of Shiba Inu, by giving the funds received to charity. In addition, he donated part of the SHIB tokens to a charity, dealing with COVID. Listing on popular cryptocurrency exchange Coinbase gave a good boost to SHIB, what helped to increase trading volumes. Within a week, the SHIB rate increased by more than 180%. According to CoinGecko, about a quarter of all SHIB trading volume occurs on the Binance platform in the SHIB / USDT pair.
The cryptocurrency market offers many unique opportunities for earning. More, than any other market. However, it is impossible to say, that the world of cryptocurrencies is a paradise with milk rivers and jelly banks. It is fraught with many dangers and traps for beginners., and for already experienced investors.