DeFi News Official Today TheBitTimes.com

On April 25, Bybit, the second-largest cryptocurrency exchange in the world in terms of trading volume, released its latest weekly cryptocurrency derivatives report in collaboration with analytics firm Block Scholes. Despite showing signs of decoupling from U.S. equities earlier, the relief rally caused by President Trump’s positive comments regarding the trade war with China caused leading cryptocurrency Bitcoin (BTC) to resume trading in tandem with the stock market. However, despite a mostly positive series of events, a closer look at the datapoints collected by Bybit paints a slightly more nuanced picture. Derivatives report shows increased open interest— but Bitcoin puts are outpacing calls Per the April 25 derivatives report, cryptocurrency perpetual open interest reached levels above $8 billion in the closing days of April, representing a 1-month high in terms of outstanding derivatives contracts. Cryptocurrency perpetual contracts open interest chart. S...

A widely followed crypto analyst is predicting that one Ethereum (ETH)-based altcoin will suddenly go on a parabolic rally. In a new thread, pseudonymous crypto trader Credible tells his 409,300 followers on the social media platform X that the native asset for the stablecoin-focused decentralized exchange Curve DAO (CRV) could soon double in value, catching investors by surprise. “CRV will quickly reprice 2x higher, leaving most investors sidelined in everything else.” At the time of his prediction, CRV was trading for around $0.25. At time of writing, CRV is trading for $0.30,  up 19.6% in the last 24 hours. Credible says the latest price action is confirming his outlook. “CRV is knocking at $0.30, you love to see it. $0.40-plus next.” The analyst also believes CRV could outperform Solana (SOL) and has the potential to reclaim its prior all-time high (ATH). “You think SOL will go to $1,000? Even if it does, congrats, that’...

Traders cannot ignore the overhanging danger of a pullback below Ether eum price’s immediate support at $1,900, especially with Bitcoin price delicately holding onto a high cliff’s edge, reinforced by the buyer congestion at $30,000. advertisement A Minor Pullback But Open Interest is Climbing Based on live data from Coinglass, a platform for tracking the crypto derivatives market, the Ethereum open interest is up by 0.98% to $6.26. Traders saw $10.48 million of 24-hour liquidations, with $8.19 million in longs and $2.28 million in shorts. Notably, rising open interest indicates that new money is entering the Ethereum market and that there is more interest and activity in the derivative contracts. It also implies that there is more liquidity and diversity in the market, as more traders are willing to take different positions and opinions. Therefore, if Ether eum upholds the short-term support at $1,900 and the open interest maintains a positive...