The latest episode of the long-running comedy series South Park depicts US 
President Donald Trump taking gifts of Bitcoin from state officials and tech 
leaders.

South Park rips into Trump’s crypto ties in latest episode

Data shows the Ethereum perpetual futures volume dominance has set a new all- 
time high relative to Bitcoin, a sign of elevated speculative interest in 
altcoins. Ethereum Perpetual Futures Volume Dominance Has Hit 67% According to 
data from on-chain analytics firm Glassnode, the Ethereum perpetual futures 
volume has shot up recently. Below is the chart cited by Glassnode, showing 
the trend in the perpetual futures volume dominance breakdown between Ethereum 
and Bitcoin. As displayed in the above graph, Ethereum overtook Bitcoin in 
perpetual futures volume a while ago, indicating that speculators shifted 
their attention from BTC to ETH. Related Reading: This Bitcoin Volume Signal 
Nailed The Top &amp; Bottom: Analytics Firm The two have only continued to diverge 
since then, meaning that trader interest in the coin ranked number two by 
market cap is only going up. Following the latest continuation to the 
increase, the ETH perpetual futures volume dominance has reached the 67% mark, 
which is a new all-time high (ATH). The analytics firm explains, Over the 
years, Ethereum has generally been considered a bellweather asset, with 
periods of its out-performance usually correlated with broader a “altseason” 
phase in the digital asset market. As such, this pronounced rotation in 
trading activity can be a sign of growing focus on the altcoin sector among 
the investors. Glassnode also notes the trend could point to &#8220;an acceleration 
of risk appetite within this market cycle.&#8221; Ethereum&#8217;s dominance has also 
grown in terms of another perpetual futures market indicator: the Open 
Interest. This metric measures the total amount of contracts related to a 
given asset that are open on all centralized derivatives exchanges. Here is a 
chart that shows how ETH&#8217;s dominance of this metric has changed relative to 
BTC over the past few years: As is visible in the above graph, the Ethereum 
perpetual futures Open Interest dominance has climbed to 43.3% recently. 
Bitcoin remains dominant with the metric sitting at 56.7%, but compared to 
earlier in the year, the difference is a lot closer. Related Reading: Bitcoin 
Fear Is Back: Traders Flip As Price Plunges To $113,000 In terms of the 
futures sector as a whole, the combined Open Interest across major altcoins 
(Ethereum, Solana, XRP, and Dogecoin) set a new ATH of $60.2 billion recently. 
Though, this high couldn&#8217;t last, as the indicator suffered a sharp $2.6 
billion drawdown soon after. This drop in the Open Interest of the major 
altcoins is the tenth largest on record. The report notes, These rapid 
fluctuations underscore that altcoins are currently drawing a significant 
amount of investor attention, and have meaningfully contributed to heightened 
reflexivity and fragility across digital asset markets. ETH Price At the time 
of writing, Ethereum is floating around $4,200, down almost 7% in the last 
seven days. Featured image from Dall-E, Glassnode.com, chart from 
TradingView.com

Altseason Things: Ethereum Perps Volume Sets New Record Against Bitcoin

Spot Bitcoin ETFs have seen approximately $1.17 billion in outflows over the 
past five trading days, but Anthony Pompliano says Bitcoin’s spot price may 
now be oversold.

Bitcoin ETFs hit 5-day losing streak but Pomp says Bitcoin is oversold

The EU&#8217;s exploration of public blockchains for a digital euro could enhance 
cross-border transactions, challenging dollar dominance in global finance.
The post EU looks at public blockchains like Ethereum and Solana for digital 
euro rollout appeared first on Crypto Briefing.

EU looks at public blockchains like Ethereum and Solana for digital euro rollout

Kanye West’s YZY memecoin left thousands of wallets devastated as coordinated 
snipers extracted millions while retail investors lost out.

Cryptocurrency price in PKR