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Spot bitcoin ETFs have contributed to an 80% increase in open interest on the CME bitcoin futures market since their launch earlier this year, an analyst said.The increase in open interest can be attributed to basis trading between spot bitcoin ETFs and CME futures contracts to facilitate arbitrage opportunities, the analyst added.
Share link:In this post: Meme tokens are here to stay, with demand for both older and newly launched assets. Risky bot-driven trading and rug pulls are among the main meme risks. Memes still fetch high returns for the past 30-day period. PolitiFi gains more attention after the DJT token controversyDisclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research
- 10:32AVAX Breaks Through $25The Bitget ticker shows that AVAX broke through $25 and is now at $25.01, a 24-hour loss of 3.25%.
- 10:27Applied Digital to Raise $375 Million Through Convertible Note OfferingOn Nov. 1, Applied Digital, a bitcoin mining hosting and cloud services company, plans to raise $375 million through a private placement of convertible notes. The notes, which bear interest at 2.75 percent per annum and will mature in 2030, will be available to initial purchasers for an additional $75 million. The company plans to use a portion of the funds for capped option trades to hedge against shareholder dilution risk and invest about $84 million in share repurchases. Applied Digital is not directly involved in bitcoin mining, but rather provides data center hosting services to other companies. In its latest quarterly report, Applied Digital reported that $34.8 million of its $60.7 million in revenue came from its bitcoin mining hosting business, with the remaining 43 percent coming from its cloud services business.
- 10:26BTC.com has been updated with new branding and new domain name Clover PoolOn November 1, BTC.com announced that it has been updated to a new brand and a new domain name, CloverPool, due to a change in the company's growth strategy.
