As crypto traders grow frustrated with the limitations of CEXs and DEXs, hybrid exchanges emerge as the middle ground.

Why leading centralized exchanges are rolling out CeDeFi

UK-based The Smarter Web Company has made a multimillion-dollar raise just 
days after it purchased $20 million worth of Bitcoin to bring its holdings to 
over 540 BTC.

UK’s The Smarter Web Company raises $56M days after big Bitcoin buy

Bakkt Holdings Inc. has disclosed plans to raise $1 billion through a mixed 
securities offering and use the proceeds to fund Bitcoin buys. According to 
the crypto software firm’s June 26 filing with the U.S. Securities and 
Exchange Commission, the…

Bakkt files to raise $1B with plans to allocate funds to Bitcoin

Data shows the Bitcoin Open Interest on the cryptocurrency exchange Binance 
has recently shot up. What could this mean for the asset&#8217;s price? Bitcoin 
Binance Open Interest Has Seen A Sharp Increase As explained by an analyst in 
a CryptoQuant Quicktake post, the Bitcoin Open Interest on Binance has spiked. 
The &#8220;Open Interest&#8221; refers to an indicator that measures the total amount of 
BTC positions that are currently open on a given derivatives platform. When 
the value of the metric goes up, it means the investors are opening up fresh 
positions on the market. As the total amount of leverage present in the sector 
rises when new positions appear, this kind of trend can lead to the asset&#8217;s 
price becoming more volatile. Related Reading: Bitcoin Retests $108,000, But 
Holders Disagree On Direction On the other hand, the indicator observing a 
decline suggests the holders are either closing up positions of their own 
volition or getting liquidated by their platform. Since leverage goes down 
with such a trend, the cryptocurrency can become more stable following it. 
Now, here is a chart that shows the trend in the 24-hour percentage change of 
the Bitcoin Open Interest for the Binance exchange over the past month: As 
displayed in the above graph, the 24-hour change in the Binance Bitcoin Open 
Interest recently shot up to a notably positive value, implying the number of 
positions on the platform saw a significant jump. At the peak of this spike, 
the indicator hit a value of more than 6%. From the chart, it&#8217;s visible that 
there have been a couple of other occasions that the metric has breached this 
mark during the past month. Interestingly, each of these spikes coincided with 
points that preceded a period of consolidation/decline for Bitcoin. As the 
quant notes, This recurring pattern suggests that large inflows into leveraged 
positions often precede periods where short-term gains are realized, leading 
to potential price pullbacks or sideways movement as market participants de- 
risk. The analyst has also shared another chart, this one tracking the 7-day 
change in the Realized Cap of the short-term holders and long-term holders. 
The &#8220;Realized Cap&#8221; refers to an indicator that keeps track of the capital that 
the holders have invested into Bitcoin. Below is a chart that shows the change 
in this metric for two investor cohorts, short-term holders (holding time of 
155 days or lesser) and long-term holders (holding time greater than 155 
days). As is apparent from the graph, the 7-day change in the Realized Cap has 
recently been positive for long-term holders, which suggests capital has been 
maturing from the short-term holders into this cohort. Related Reading: 
Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’ That said, 
earlier in the month, the indicator hit a peak of $57 billion, but today it 
has come down to just $3.5 billion. So, while capital is still aging into 
long-term holders, it&#8217;s now happening at a much slower rate. BTC Price Bitcoin 
has been attempting to break past the $108,000 mark, but so far, it hasn&#8217;t 
found success as its price is still trading around $107,200. Featured image 
from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin Binance Open Interest Shoots Up: Warning For BTC?

Resolv Protocol has pushed back against speculation of internal token sales, 
revealing it repurchased 1.6 million RESOLV tokens amid heightened market 
volatility. In a June 27 statement on X, Tim Shekikhachev, customer success 
manager at Resolv (RESOLV), said the protocol’s…

Resolv protocol denies token sales amid volatility, buys 1.6M RESOLV

Crypto analyst Michaël van de Poppe says Ether could be “testing the other 
side of the range” in the coming weeks as it trades above $2,400.