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According to BlockBeats, data from Coinglass reveals that the funding rates on major centralized and decentralized exchanges continue to indicate a bearish market sentiment. The funding rates for key cryptocurrencies are detailed in the accompanying data. Funding rates are a mechanism used by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the trading platform charging a fee. It serves to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the underlying asset prices.
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According to BlockBeats, U.S. Treasury Secretary Besent stated that the United States will strengthen its position as a global capital hub. He emphasized the resilience of the U.S. stock market, suggesting that investing in the U.S. is always a sound decision in the long term
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$STPT /USDT – Eyes on the Rebound! 🔥
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Signal Update $SUI
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$SUI Just Crushed the Shorts! $3,253 Liquidated at $3.4081! #StrategicBTCReserve
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