Open interest in Monero futures has surpassed $300 million, according to recent reporting. The token's price has climbed back above $600. Traders are again using heavy leverage, a pattern that preceded a sharp market decline in January. The rising leverage raises the risk of heightened price swings in the near term.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Bitcoin climbed to its highest level in a week, tracking a rebound in Asian technology stocks. The gains came alongside reports that SpaceX and Tesla have each formed committees to explore a possible merger. The source article also notes a gain for zcash following the announcement of a network upgrade date. The provided text is brief, so it does not detail the exact size of the price moves or the timing of each development.
Bitcoin is holding around $82,500 as strong SpaceX quarterly results revived enthusiasm for the AI-related trade and lifted US stock futures. Oil prices climbed above $110 again, adding to the mixed market backdrop. XS.com cautioned that a drop below $82,500 could open a path toward $70,000 for the cryptocurrency. The update reflects how equity sentiment and commodity moves are currently influencing digital asset prices.
SpaceX and Tesla are reportedly exploring a possible merger that would bring together their holdings, which include more than 30,000 bitcoin. Independent committees at both companies are currently assessing the potential tie-up. The discussions come as SpaceX reported strong earnings, lifting its shares ahead of Tesla's upcoming results. The article does not indicate that any agreement has been reached. The report was published by CoinDesk.
Tether has led a $15 million Series A funding round for Mural, a New York-based payments startup with an AI focus. The round also included participation from North Island Ventures and existing investors. With this raise, Mural's total funding now stands at $28 million. The article provides no further details on the company's products or plans. The source reported the financing, which was announced by CoinDesk.
Discussion (0)
Log in to join the discussion and vote.
Log in