Wu Blockchain that the proportion of Ethereum open interest has risen to nearly 40%, the highest level since April 2023.

This article is machine translated
Show original

1. Ethereum's Open Interest Ratio Rises to Nearly 40%, Highest Since April 2023

Ethereum's open interest ratio has risen to nearly 40%, the highest level since April 2023, with only about 5% of trading days historically exceeding the current reading. This indicates a clear shift in speculative focus, with funds marginally flowing from Bitcoin to Ethereum.

2. Binance Contracts and Alpha to List PlaysOut (PLAY)

Binance announced that PlaysOut (PLAY) will be available for trading on Binance Alpha on July 31, 2025, at 08:00 (UTC). Additionally, Binance's contract trading platform will list the PLAYUSDT perpetual contract on July 31, 2025, at 09:30 (UTC), with a maximum leverage of 50x. PlaysOut is a global mini-game infrastructure and publishing platform.

3. Ray Dalio: Suggests Investors Allocate 15% of Assets to Bitcoin and Gold to Address US Debt Crisis

Bridgewater Associates founder Ray Dalio suggests that investors allocate 15% of their assets to Bitcoin or gold, given the rapid rise of US debt and the risk of dollar depreciation. This recommendation is significantly higher than his 1-2% allocation suggestion in 2022. Dalio points out that the US may issue $12 trillion in new debt in the coming year, increasing the risk of a "debt doomsday cycle".

4. JD.com's JD Chain Registers JCOIN and JOYCOIN, Potentially for Stablecoin Names

JD.com's (9618) JD Chain has registered "JCOIN" and "JOYCOIN", with the market generally believing these names will be used for its stablecoins. Reports suggest that related services will cover electronic fund transfers and cryptocurrency financial transactions through blockchain technology. JD Chain is also a participant in the financial authority's stablecoin issuance sandbox, having tested HKD and other fiat stablecoins, with a future focus on cross-border payments, investment trading, and retail payment scenarios.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments