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Everyone has the perps convergence backwards

Perpetual futures, or “perps,” are the largest market crypto has built, and they are quietly reversing the story everyone tells about convergence. Crypto is described as maturing toward traditional finance, adopting its…

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BlackRock Bitcoin ETF Records $122.7 Million Outflow

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), recorded a $122.7 million net outflow on July 31, according to Farside Investors. The redemption represented about 1,948 BTC sold by IBIT investors and came as …

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Altcoins Overtake BTC in Binance Trading Volume

Altcoins now account for more than 60% of trading volume on Binance, while Bitcoin’s share has fallen to 22% and Ethereum’s to 18%. Spot Bitcoin trading volumes have dropped to levels last seen after the 2023 bear marke…

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The good and the bad of perps, according to crypto traders

Talk about crypto trading with any savvy trader, and the first thing that comes up these days is perpetual futures, or “perps” — derivatives contracts that allow traders to control a much larger position than the money …