XRP Open Interest Plunges 32% on Binance as Spot Sellers Beat Buyers

XRP derivatives exposure has fallen sharply since late August as traders reduce leveraged positions while aggressive selling continues across spot and perpetual markets. Binance XRP open interest has dropped about 32%, while selling pressure has intensified across centralized exchanges.  Key TakeawaysBinance XRP open interest fell about 32% from Aug. 22 to Sept. 17.Selling pressure intensified across centralized spot markets and Binance perpetual futures.XRPs price declined far less than derivatives exposure over the period.  XRP Open Interest Drops Nearly One-Third  XRP traders have sharply reduced derivatives exposure while aggressive sellers continue to dominate order flow, according to an analysis published by Cryptoquant on Sept. 17. Cryptoquant contributor Amr Taha found that Binance XRP open interest fell from about $323 million on Aug. 22 to roughly $219 million on Sept. 17, a decline of about 32%.  XRP fell roughly 11% over the same period, meaning open interest contracted almost three times as fast as price. The divergence points to substantial deleveraging in the derivatives market.  The analyst summarized the shift:  “The key signal is clear: XRP traders are reducing derivatives exposure while sell-side taker activity remains elevated across both futures and spot markets.”  “The key signal is clear: XRP traders are reducing derivatives exposure while sell-side taker activity remains

09-17انڈسٹری

Bitwise CIO Says CLARITY Act Failure Won't Stop the Crypto Bull Market Run

Key highlights:Matt Hougan said the CLARITY Acts failure does not affect the crypto marketThe Senate rejected a cloture vote on the crypto bill on Sept. 15Bernstein analysts expect U.S. regulators to move quickly with new crypto rules  Bitwise Chief Investment Officer Matt Hougan took back his previous warning that failure of the CLARITY Act would drag the crypto market into another bear phase, saying instead that the setback is unlikely to derail the current rally.  CLARITY Act delay just a “speed bump”  Hougan said in a memo published Sept. 16 that he no longer sees another bear market stretch for crypto even with the bill stalling in the Senate.  The CIO had previously compared the CLARITY Act to cryptos version of Punxsutawney Phil, a groundhog used to predict how long winter will last, warning that a failed vote could start a much steeper bear market.  Discover more  Merchant Services tails we still win’ scenario on regulation. Until a new administration takes over in Washington, the SEC and CFTC will have free rein to set the agenda for crypto.”

09-17انڈسٹری

Nvidia Stock Rises 2%, Huang Sees Chip Sales Doubling in 2027

Speaking at an AI event, Huang said Nvidia expects to sell twice as many chips next year as it does this year, pointing to continued demand for the computing infrastructure powering AI models and applications.  Investors reacted quickly. Nvidia stock rose more than 2% in premarket trading to around $218.47, adding to a recovery in semiconductor shares after a volatile start to the week.  The statement reinforces a message Nvidia has been pushing for months: despite concerns over enormous AI spending and potential industry slowdowns, demand for computing capacity remains exceptionally strong.  Nvidia Stock Rises as Huang Doubles Down on AI Demand  Huang‘s latest forecast adds another layer to Nvidia’s already aggressive growth outlook.  The company reported $96.2 billion in fiscal second-quarter revenue last month, up 106% year over year, while Data Center revenue surged 117% to $89 billion. Nvidia also guided for approximately $108 billion in third-quarter revenue.  Those numbers were already strong enough to send NVDA stock higher after earnings, but Huang is now looking further ahead.  Nvidia previously projected roughly 70% revenue growth next year. Huang‘s new statement that chip volumes could double suggests the physical expansion of Nvidia’s AI hardware footprint may be even faster than revenue growth alone indicates.  The distinction matters because

09-17انڈسٹری

WTI Oil Price Forecast: Bulls lose momentum near $100

West Texas Intermediate (WTI) Oil extends its decline on Thursday, sliding nearly 2% as Saudi Arabias rerouting efforts and hopes for a faster pipeline recovery weigh on prices, even as broader Middle East supply risks stay elevated. At the time of writing, WTI trades around $95.50 after reaching $102.11 earlier this week, its highest level since May 21.  Oil eases as Saudi Arabia reroutes exports and repairs key pipeline  Analysts at Commerzbank report that oil prices fell as Saudi Arabia responded to recent supply disruptions by “sought alternative export routes and moved closer to partially restoring the East-West pipeline.” According to the bank, Saudi Arabia has “begun offering additional crude via Oman, using ship-to-ship transfers at Sohar to circumvent disruption to its Red Sea export route.” Commerzbank adds that the kingdom is “reportedly seeking to restore around half of the capacity of its East-West pipeline within days following last weeks drone attacks,” helping to reassure markets over near-term export continuity.  Technical analysis: 4- hour chart  WTI US Oil keeps a bearish near-term tone as price has slipped beneath the 50-period Simple Moving Average (SMA) at $96 while still holding above the 100-period SMA at $91 and the 200-period SMA at $86. The Relative Strength

09-17انڈسٹری

Zcash Price Explodes Toward $1,400 as Paradigm Reveals ZEC Investment

ZEC reached an intraday high around $1,388–$1,389 on Thursday after jumping as much as 23% over 24 hours. The move dramatically outpaced Bitcoin, which gained less than 1% while trading around $76,000.  The divergence comes as the broader crypto market attempts to stabilize following the Federal Reserves latest rate decision, with Bitcoin recently rebounding from its post-Fed weakness.  The Zcash rally also coincided with Paradigm co-founder Matt Huang publicly confirming that the crypto investment firm owns ZEC and describing Zcash as a private complement to Bitcoin.  Discover more  NEWS  FINANCE  Fintech  Zcash Hits Record as Paradigm Discloses ZEC Position  ZEC traded around $1,369 during Thursdays rally after briefly approaching $1,400, according to market data.  That puts the privacy coin up roughly 168% over the past month, following an extraordinary recovery that has transformed Zcash from a relatively overlooked asset into one of cryptos largest tokens by market capitalization.  Paradigms disclosure provided a fresh institutional catalyst.  Huang said the firm owns ZEC while arguing that Zcash could serve as a privacy-focused complement to Bitcoin. He also backed continued developer funding and discussed how the network should balance token-holder voting with other governance mechanisms.  The disclosure does not establish that Paradigm buying caused Thursdays rally, but it added a recognizable institutional name to an

09-17انڈسٹری

Bank of England review: Some less hawkish tunes

The Bank of England (BoE) kept Bank Rate unchanged at 3.75% as expected. In a rerun of the July decision, the vote split was 6-3 in favour of hold, as we had also expected.  The decision on QT was also close to expectations as “remaining stock is unwound at an annual average pace of £46 billion by the end of 2034”.  Fresh inflation and labour market data were released in the days ahead of the meeting. The fear of energy prices spreading to core inflation has still not materialised as core inflation was unchanged at 2.6% in August. Food inflation has been mentioned as a key focus point for spillover effects and there are no signs of that with food inflation at a modest 1.1%.  The labour market remains on a cooling trend, with job losses accelerating in August and the previous months declines revised lower. The unemployment rate declined to 4.9%, though, keeping alarm systems from going off. Wage growth continues to trend lower.  Being the swing voter of the MPC, we continue to think Governor Bailey is the key member to watch. He has become increasingly worried, stating “if the conflict in the Middle East persists for an extended period, as appears

09-17انڈسٹری

CLARITY Act talks resume as 7 Democrats seek revival

Seven Senate Democrats have reopened negotiations over the CLARITY Act after the chamber rejected cloture in a 49-50 vote, leaving the crypto market structure bill 11 votes short of the 60 required to begin debate.  Coinme CEO and co-founder Neil Bergquist told crypto.news that reviving the bill could reduce uncertainty over token classification, but it would not remove the state licenses that digital asset companies must secure across the United States.  The Senate rejected cloture on the motion to proceed with the Digital Asset Market CLARITY Act on Sep. 15. According to the official roll call, 49 senators supported the motion, and 50 opposed it, preventing the chamber from opening debate at that stage.  Sens. Kirsten Gillibrand, Angela Alsobrooks, Cory Booker, Catherine Cortez Masto, Ruben Gallego, Mark Warner and Raphael Warnock voted against the motion. One day later, the seven Democrats issued a joint statement describing the result as “not the end” of their work on the legislation.  Their statement pointed to two years of negotiations and pledged to continue working on a bipartisan basis. However, Democrats and Republicans remain divided over ethics provisions, including restrictions covering elected officials and digital asset ventures.  CLARITY Act would leave state licensing intact  Although the bill would set federal

09-17انڈسٹری

Bitcoin Price Forecast: BTC Hit Twice by Bill Rejection, $75K Next?

Today‘s Bitcoin price forecast isn’t looking great. BTC is changing hands near $76,600, up a modest +0.60% on the day, according to CoinGecko data, a stabilization that masks a rough 48 hours for the largest digital token.  Two Washington-adjacent shocks landed back-to-back, and the market is still digesting both. Whats left unclear is whether this is the bottom of the reaction or just a pause before the next leg down.  The Senate‘s failure to advance the CLARITY Act on a 49–50 cloture vote on September 15 triggered an immediate selloff, with BTC dropping roughly -4% to around $75,908 as traders priced in another delay to U.S. crypto market-structure legislation. Coverage of the bill’s collapse noted the vote stripped away a catalyst the industry had been counting on.  Less than 24 hours later, the Federal Reserve raised rates by 25 basis points to a 3.75%–4.00% range, its first hike since 2023, and BTC briefly dipped toward $75,200 before clawing back above $76,000.  Bitcoin Price Forecast: Can BTC Hold $75K This Week?  BTC trades at $76,600, up around +0.50% over 24 hours on CoinGecko, though 7-day performance remains down roughly -3%. The 24-hour range has held between $75,250 and $76,750.  Discover more  Access Premium News  Deploy Cloud Servers  FINANCE  This tight band

09-17انڈسٹری

Binance Alert: System Upgrade to Suspend Deposits and Withdrawals on This Date

Major cryptocurrency exchange Binance has sent out a notice to its users concerning a wallet system upgrade scheduled to take place on the platform on September 22, 2026.  In its announcement, Binance said that on September 22, 2026, at 06:00 (UTC), it will conduct an infrastructure wallet upgrade as part of its ongoing efforts to improve its service experience.  To support the upgrade, Binance stated it will be suspending deposits and withdrawals across its platform from September 22 at 06:00 (UTC) and will resume once the upgrade is complete. The upgrade will take about one hour.  The trading of tokens will not be impacted during the wallet maintenance. Deposits and withdrawals will be reopened once the system is deemed to be stable, but no further announcement will be posted.  Binance news  Binance announced it will remove and cease trading on four spot trading pairs on September 18 at 03:00 (UTC).  The decision to delist these spot trading pairs stems from its commitment to protect its users and maintain a high-quality trading market. Binance usually conducts periodic reviews of all listed spot trading pairs and may delist selected ones due to multiple factors, such as poor liquidity and trading volume.  The affected spot trading pairs include BREV/USDC, COOKIE/USDC,

09-17انڈسٹری

U.S. SEC Issues Innovation Exemption Approving Trading Of Tokenized Stocks

The U.S. Securities and Exchange Commission (SEC) has issued the much-anticipated innovation exemption for tokenized stock trading. The exemption lasts for five years and officially provides a pathway for traders to trade traditional assets 24/7.  Ad  Ad  SEC Issues Innovation Exemption For Tokenized Stock Trading  In a press release, the Commission announced that it had issued an order granting conditional exemptive relief to Tokenized Securities Venues (TSVs) to trade tokenized National Market System (NMS) stock using innovative permissioned automated market makers and liquidity pools.  Notably, the SEC innovation exemption for tokenized stocks lasts for five years and will expire five years after publication. The Commissions order also solicited public comment on possible modifications to the exemptive relief.  Discover more  Finance  Open Trading Account  Trade Crypto Assets  This comes just days after the CLARITY Act cloture vote failed. SEC Chair Paul Atkins said the crypto agenda will still proceed regardless of what happens with the crypto bill. The SEC had earlier released the proposed ‘Reg Crypto’ framework to provide a way for crypto startups to raise funds.  The SEC innovation exemption now provides a pathway for platforms such as top crypto exchanges Coinbase and Robinhood to offer tokenized stocks to their users. Hyperliquid‘s HYPE surged on the news, as the perp DEX

09-17انڈسٹری
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