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Sushi, a multi-chain DEX platform, has announced Susa, a new perpetuals exchange that it says will redefine the derivatives exchange space. The new platform is built with the technology of Ethereum scaling solution Layer N, Sushi said in an announcement. Sushi’s new perpetuals exchange Susa, the Sushi team says, is a “natural evolution of SushiSwap ” as the DEX grows into a DeFi super ecosystem. It aims at delivering high-speed transactions, targeting 100,000 TPS with under 1 millisecond of latency.  The perpetuals exchange will also feature deeper liquidity and greater on-chain capital efficiency. Tapping into Layer N’s Nord Engine and achieving these features will see Susa rival centralized exchanges. Its goal is to bring the centralized finance (CeFi) experience to the decentralized finance (DeFi) perpetual trading market, Sushi noted in the blog post. “ Launching our perpetual DEX aims to capture the largely untappe...

London-based global investment manager M&G Investments has injected $20 million into Global Futures & Options Holdings, positioning it as the first FCA- regulated and centrally-cleared trading venue for digital currency asset derivatives in the U.K. According to the Dec. 11 announcement, the strategic partnership, in collaboration with London Clearing House, aims to meet the increasing demand from institutional investors. Growing institutional interest  In a recent series B funding round, M&G’s Crossover strategy allocated capital from the $162 billion Prudential With-Profits Fund to Global Futures & Options Holdings (GFO-X). The investment underscores M&G’s commitment to advancing the digital asset landscape and marks a significant development in meeting institutional investors’ evolving needs for diversified and regulated investment options. “Evolving regulation will bring digital assets into mainstream finance,” Arnab Sen...

BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000. Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. However, Bitcoin margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward $28,000. Regulatory pressure, stronger U.S. dollar bite Regulatory uncertainty in the United States significantly increased after Bitcoin miner Marathon Digital received yet another subpoena. The publicly traded mining company informed investors on May 10 that it received a subpoena from the U.S. Securities and Exchange Commission (SEC) concerning whether it may have violated federal securities laws, among other things, by using related-party transactions. Furthermore, there’s the additional risk of the 627,522 Bitcoins held by the Grayscale G...

Volumes from the top five Ethereum staking platforms suggest holders are hedging against the unknown until after ETH withdrawals are enabled. The Ethereum network’s planned Shanghai hard fork is nearly here. Planned for April 12, this is the first major upgrade since The Merge in September 2022. The “Shapella” upgrade (a combination of the two major proposals Shanghai and Capella), includes EIP-4895 which enables validators to withdraw staked ETH from the Beacon chain (Consensus layer) to the EVM (execution layer). The execution layer is the fun and friendly Ethereum users have come to know and love.  Why is this a big deal? With just over 18 million ETH currently staked (valued at just over $33 billion at the time of writing), some of which has been locked up for years, the possibility of these tokens flooding an already teetering market is enough to get some holders ready to sell the news once withdrawals are enabled. For holders who are both long and short ETH post-withdrawals, it’...

BTC price dropped as the Fed rolled out a 0.25% rate hike, but improving housing market data and Bitcoin options data suggests that bulls are ready for this week’s expiry. Bitcoin’s (BTC) 17.5% rally between March 16 and March 22 surprised options traders betting on price levels below $26,000. The movement resulted from investors seeking protection against persistent inflation and the ongoing banking crisis. Bitcoin bulls have been paying close attention to the negative effects of near-zero interest rates between April 2020 and April 2022, and some have used the information to profit from the $1.2 billion in BTC options that are set to expire on March 24. Resilient inflation and improving housing markets According to the official consumer price index (CPI) released on March 22nd, Inflation in England unexpectedly increased to 10.4% in February due to higher food prices. This outcome is likely to prompt the Bank of England to raise interest rates on March 23, thereby increasing the li...

Strong corporate earnings and investors’ anticipation of a Federal Reserve pivot are helping to cement the case for risk assets like Bitcoin. Bitcoin (BTC) price broke above $22,500 on Jan. 20 and has since been able to defend that level — accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market, which also rallied after China dropped COVID-19 restrictions after three years of strict pandemic controls. E-commerce and entertainment companies lead as the year-to-date market performers. Warner Bros (WBD) added 54%, Shopify (SHOP) 42%, MercadoLibre (MELI) 41%, Carnival Corp (CCL) 35% and Paramount Global (PARA) managed a gain 35% so far. Corporate earnings continue to attract investors' inflow and attention after oil-producer Chevron posted the second-largest annual profit ever recorded, at $36.5 billion. More importantly, analysts expect Apple (AAPL) to post a mind-boggling $96 billion in earnings for its 2022 on Feb. 2. The $2.3 trillio...