Solana’s Open Interest Plunges 21% as Price Dips

The open interest for Solana has decreased by 21% compared to the preceding day, and its price has fallen below prices last observed over a month ago. The Outstanding Open Interest (OI) on Solana’s futures contracts amounted to $1.62 billion on April 14, as reported by CoinGlass. This represents a considerable decrease compared to the … Read more

Crypto Prices Drop Amid Tensions Between Iran and Israel

The value of Bitcoins and other cryptocurrencies has dropped significantly due to the escalating conflict between Iran and Israel. On Saturday, Iran retaliated against Israel with drone attacks following the previous week’s airstrike on Iranian facilities in Syria. Tensions between the two nations have been running high. Based on what has been shared in the … Read more

Coinbase seeks interim appeal in SEC case over crypto classification

Coinbase has asked a federal court for approval to jump ahead and appeal an earlier decision about investment contracts, which went against the company. A crypto exchange’s attraction hinges on whether a digital asset deal, without any ties to the asset’s initial creator, is subject to SEC regulation as an investment contract in the United … Read more

Winklevoss twins invest $4.5m worth of Bitcoin in UK football club

The co-founders of cryptocurrency platform Gemini, Cameron and Tyler Winklevoss, have become new investors in Real Bedford Football Club. The brothers invested 4.5 million dollars in Bitcoin for the football club using Winklevoss Capital, their investment company, as the intermediary for the deal. In early 2022, this new collaboration positioned them next to Peter McCormack, … Read more

Iran-Israel conflict, negative funding rates triggered $860m crypto sell-off

On Fridays, the cryptocurrency market experienced significant sell-offs instigated mainly by growing apprehensions over potential clashes between Iran and Israel, as reported by QCP Capital. Over the years, turmoil in international politics has typically caused investors to shy away from volatile assets such as cryptocurrencies and instead opt for safer investments that offer more stability. … Read more