🚀 Markets Today: BTC & ETH Hold Gains | Ethena Joins $10B Club |
The global crypto market cap jumped 2% to $4.03T as major coins rallied:
BTC +2.3% → $119,530
ETH +0.7% → $4,293
SOL & XRP +4.4%
📊 Futures & Derivatives:
=Open interest in major tokens fell, signaling capital outflow & profit-taking from long positions.
=XMR perpetuals overheated with 200%+ funding rates, attracting arbitrage plays.
=CME ETH futures OI climbed to 1.70M ETH, BTC OI steady at 138K BTC (lowest since April).
=Options market: BTC leaning slightly bearish near-term, ETH bullish across all tenors.
💡 DeFi Spotlight – Ethena (ENA):
TVL hits $11.89B, making it the 6th DeFi protocol to cross $10B and 2nd non-staking model after Aave.
sUSDe APY: 4.72%
USDe maintains $1 peg with $10.48B market cap.
⚙️ Other Moves:
Polymarket shifts UMA’s oracle to MOOV2 with whitelist governance to curb disputes & manipulation.
GP. Token up 55% in 30 days, now in global spotlight.
📈 Takeaway: Market sentiment is warming, DeFi milestones are making waves, and memecoins are racing into mainstream culture.
#Bitcoin #Ethereum #DeFi #Ethena #CryptoNews #BinanceSquare
