The locked value of the dollar in the open AXS futures contracts has skyrocketed to its highest level since February, indicating a significant influx of fresh capital into the market.
In February, Bakkt, which is owned by Intercontinental Exchange, ceased its consumer-oriented application as part of its transition away from the retail market.
Putting May 8, 2023 Crypto Market Price Fluctuations into Perspective.
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Bitcoin remains stagnant, inching closer to marking its first month of decline in 2023. Meanwhile, Ether experiences a slight increase but appears poised to end May in the red as well.
The crypto debates have become progressively more polarized and politicized, exemplified by a recent CoinDesk article highlighting a contentious mining facility in New York.
The miner stands to earn up to $75 million in management fees for the Celsius mining rigs over a span of five years, making it a highly lucrative venture.
Florida's governor and the Republican Party's newest frontrunner engaged in a Twitter conversation with Elon Musk, discussing the realms of cryptocurrency and central bank digital currencies.
The recent hedging activity of market makers, who consistently take the opposite side of investors' trades, appears to have effectively maintained price stability within a narrow range.