PANews 7月17日消息，据Crypto News报道，Ethereum（ETH）全球永续合约交易量达908.2亿美元，首次超越Bitcoin（BTC）的829.3亿美元，位居全市场第一。
[ETH永续合约交易量超越BTC，登顶市场首位]

PANews 7月17日消息，据Crypto News报道，Ethereum（ETH）全球永续合约交易量达908.2亿美元，首次超越Bitcoin（BTC）的829.3亿美元，位居全市场第一。<img src="https://static.fwimg.io/img/feed/79ccd97272e6b515eb4dd737a5a3f5c5.jpg" alt="ETH永续合约交易量超越BTC，登顶市场首位">

ETH永续合约交易量超越BTC，登顶市场首位

<PANews> On July 17th, according to Crypto News, Ethereum (ETH) global perpetual contract trading volume reached $90.82 billion, for the first time surpassing Bitcoin (BTC)'s $82.93 billion, ranking first in the entire market.
[ETH Perpetual Contract Trading Volume Surpasses BTC, Tops the Market]

PANews news on July 17th, according to Crypto News, Ethereum (ETH) global perpetual contract trading volume reached $90.82 billion, for the first time surpassing Bitcoin (BTC)'s $82.93 billion, ranking first in the entire market.<img src="https://static.fwimg.io/img/feed/79ccd97272e6b515eb4dd737a5a3f5c5.jpg" alt="ETH perpetual contract trading volume surpasses BTC, tops the market">

ETH perpetual contract trading volume surpasses BTC, topping the market

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...