Crypto Exchange MEXC Introduces Second-Level K-Line Function for Real Time Furtures Trading

To enhance real-time futures trading, crypto exchange MEXC has introduced the second-level K-line function that will incorporate the one-second time period. (Read More)

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Bitcoin Futures Market is in a Healthy Contango,Indicating that the Price of Bitcoin will Rise Further

The BTC futures market has been scaling the heights based on an uptick in price, which means the market expectations are for higher prices in the future. (Read More)

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Ethereum Leaves Bitcoin Behind, But Is This Rally Sustainable?

Ethereum has left Bitcoin in the dust with its latest rally towards $3,100. Heres whether this run is sustainable based on futures market data. Ethereum Has Separated From Bitcoin With Over 7% Jump In Past Week While Bitcoin has been in consolidation lately, Ethereum appears to have been putting together bullish momentum entirely of its [...]

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XRP Holdings On Bitrue Exchange Surges By 300%

Over the last week, the XRP token has dominated the headlines following Ripple’s partial court victory over the United States Securities and Exchange Commission (SEC).  On July 13, Judge Analisa Torres of the US District Court of the Southern District of New York ruled that XRP doesn’t qualify as a security leading to a massive price surge in which the token gained by almost 90%. However, while it may appear that XRP’s positive effect on the market is waning, with most assets slipping into a bearish state, there is still a high level of interest surrounding this altcoin, proven by a recent report from prominent crypto exchange Bitrue. Bitrue Users Accumulate $800M Worth Of XRP In Futures Market.  In the late hours of yesterday, a crypto analyst with the Twitter handle @cowboycrypto313 revealed that Bitrue had shared a report via email with its users, noting a massive increase in the notional value of the open interest of the XRP token. Related Reading: XRP Price Retreats After Massive 80% Rally, Buy The Dips? The notional value of open interest refers to the total value of outstanding contracts in a futures or optional market. In this context, it represents the total value of XRP on the Bitrue exchange based on what its traders have pledged to buy or sell in the future.  In this report, Bitrue states that XRP holdings in its Futures service spiked from less than $200 million to over $800 million during the weekend. Interestingly, the exchange further revealed that 88% of its users are holding a long position on this asset. According to a chart shared by Bitrue, the notional value of open interest for XRP on its platform had been below $200 million for the majority of the last two weeks. However, following the court ruling on July 13, this index started rising, with the XRP Futures market recording a notable spike on July 16.  Source: Twitter XRP Soars By 57% In Seven Days In other news, XRP remains the center of the crypto market attention, recording a 56.73% gain in the last week, according to data from CoinMarketCap. Currently, XRP, which now ranks as the fourth-biggest cryptocurrency, is tagged biggest weekly gainer. Nevertheless, it is worth noting that this token has shown little to no price movement in the last few days, with its price hovering around the $0.74 region. As of this writing, XRP is trading at $0.742 with a 1.14% gain on the last day.  Related Reading: BTC Price Analysis: Why Is Bitcoin Down Today? However, its daily trading volume has seen a sharp decline falling by 40.29% to its current value of $2.41 billion. Other major weekly gainers include Stellar (XLM) and Synthetix (SNX), with their market prices rising by 25.75% and 30.24%, respectively.  XRP Trading At $0.7445 On The 4-Hour Chart | Source: XRPUSD Chart On Tradingview.com Featured Image From Business Standard, Chart From Tradingview.

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Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future

As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed regulatory clarity, which could ultimately promote growth and stability throughout the sector. [...]

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