Ethereum’s Estimated Leverage Ratio Has Dropped To A Value Of 0.57
Ethereum’s derivatives market on Binance has an Estimated Leverage Ratio (ELR) that has dropped sharply from recent highs, signalling that traders are pulling back from highly leveraged positions. This move comes even as the ETH price holds near the…
Hyperliquid, EdgeX, Pump.fun Return $96.3M as CLARITY Deadline Tightens
Three fast-growing DeFi protocols Hyperliquid, EdgeX, and Pump.fun returned a combined $96.3 million to token holders over the past 30 days, according to DeFiLlama. These distributions coincide with ongoing U.S. Senate deliberations on the Digital Asset…
Bitcoin’s Break Above $76K Is a Derivatives Story — Not a Spot‑Demand Breakout
Bitcoin’s latest push above $76,000 looks powerful on the surface, but the underlying mechanics tell a very different story. According to market‑making firm Wintermute, the rally has been driven almost entirely by derivatives positioning — specifically…
Kalshi’s Margin Trading Gambit: A Critical Analysis of Prediction Market Evolution
Kalshi secures NFA approval for its affiliate Kinetic Markets to operate as a Futures Commission Merchant (FCM).