Openeden has launched HYBOND, a tokenized product offering onchain access to a 
BNY-managed high-yield bond strategy. The move expands institutional-grade 
fixed income options in the growing RWA market. BNY Strategy Goes Onchain 
Through Openeden Token Launch Openeden has introduced HYBOND, a new tokenized 
investment product that gives eligible investors onchain access to a high- 
yield bond […]

Openeden Partners With BNY Investments to Launch Tokenized Credit Product

Cryptoquant data shows there are 8.2 million Bitcoin currently at a loss, 
which is still under the amount of Bitcoin at a loss during the 2022 bear 
market.

Bitcoin supply in profit heads to ‘true bear market’ levels

Data shows the Ethereum Open Interest observed a sharp jump before the 
cryptocurrency&#8217;s price saw a decline of almost 5% over the past day. Ethereum 
Has Seen Bearish Price Action Over The Last 24 Hours This week saw some 
recovery for Ethereum and the wider digital asset sector during its first 
three days, but Thursday has brought with it a shift as the market as a whole 
has retraced. Related Reading: Dogecoin Bollinger Bands Tighten—Big Move 
Brewing? Ethereum had managed to recover above $2,150, but following this 
decline, its price is back near $2,000. In terms of the 24-hour percentage 
change, the ETH price has seen returns of nearly -5%, worse than Bitcoin&#8217;s 3% 
drop, but better than the losses that some of the altcoins have witnessed. 
Derivatives markets data may have already foreshadowed this volatility. ETH 
Open Interest Surged On Wednesday As highlighted by CryptoQuant community 
analyst Maartunn in an X post yesterday, Ethereum saw a sharp surge in its 
Open Interest alongside the recovery rally. The &#8220;Open Interest&#8221; here refers to 
an indicator that measures the total amount of derivatives market positions 
related to ETH that are currently open on all centralized exchanges. When the 
value of the indicator rises, it means investors are opening up fresh 
positions related to the cryptocurrency. Generally, the total leverage in the 
market goes up when new positions appear, so an increase in the Open Interest 
can lead to more volatility for the asset&#8217;s price. On the other hand, the 
metric going down implies investors are either closing positions of their own 
volition or getting forcibly liquidated by their platform. In either case, the 
market can become more stable due to the leverage washout. Below is the chart 
for the 24-hour change in the Ethereum Open Interest that Maartunn had shared 
on Wednesday. As displayed in the graph, the Ethereum Open Interest rose by 
7.1% as the price surge occurred, implying that new positions appeared to ride 
the wave. In the chart, the analyst also highlighted past instances of the 
metric going up sharply. It would appear that many of these coincided with 
local tops in the asset. &#8220;This setup plays out ~75% of the time,&#8221; noted 
Maartunn. Related Reading: Dogecoin Network Comes Alive: Active Addresses Jump 
28% Given this pattern, it may not be surprising that Ethereum opened Thursday 
with a price plunge. The drawdown has meant that the investors who jumped in 
to bet on a further bullish outcome have been flushed out. In total, ETH has 
seen liquidations of more than $94 million over the past day, according to 
data from CoinGlass. From the heatmap, it&#8217;s apparent that Ethereum&#8217;s 
liquidations have been the largest in the cryptocurrency sector, with Bitcoin 
ranking second this time around with $83.8 million in contracts involved. 
Featured image from Dall-E, chart from TradingView.com

Ethereum Drops Nearly 5% As Familiar Leverage Setup Plays Out

Polymarket has partnered with oracle provider Pyth Network to launch 
traditional asset markets on its platform. According to an Apr. 2 
announcement, the latest addition brings daily up-or-down and closing price 
contracts for major equity indexes, alongside commodities such as…

Polymarket rolls out stock and commodity contracts with Pyth price feeds

OpenAI has acquired technology talk show TBPN as it looks to refine how it 
communicates with audiences beyond its core products. According to an Apr. 2 
announcement, the deal brings the Los Angeles-based program under OpenAI’s 
umbrella. Financial terms of…

Cryptocurrency price in ILS