Markets

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)
Meme Coins MOG, PEPE Rocket as Traders Search for Ether Beta Bets
Meme coins are increasingly seen as a way to bet on the growth of the network they are issued on.
image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)

Ether futures open interest. (Coinglass)
Ether ETF Hopes Drive Futures Open Interest to Record $14B
The notional open interest, or the dollar value locked in the number of active ether futures contracts, surged by 25% in a day.
Ether futures open interest. (Coinglass)

A rocket blasting off from a launch pad
Bitcoin Surges Over $71K as Ether ETF Hopes Lead to $260M in Short Liquidations
Some traders expect ether prices to reach as high as $4,000 in the coming days, with odds of an ether ETF approval raised to 75%.
A rocket blasting off from a launch pad

Solana price over the past week (CoinDesk)
Solana's SOL Could Hit $200 By Month End, Hedge Fund Founder Says
The fifth-largest cryptocurrency is benefitting from multiple catalysts, including bustling meme coin and DeFi activity, upcoming network upgrade and increasing interest in re...
Solana price over the past week (CoinDesk)

Ether's price decline appears to have hit a brick wall. (Pexels/Pixabay)
Ether Bears Hit a Brick Wall as Price Collides With Bull-Market Trendline
Ether's sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.
Ether's price decline appears to have hit a brick wall. (Pexels/Pixabay)

(CoinDesk Indices)
Fantom Outperforms CoinDesk 20 Over Past Week as TVL Jumps
FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million.
(CoinDesk Indices)

sergeitokmakov/Pixabay
Institutions Still Skeptical of a Near-Term Bitcoin Price Rally, CME Options Data Show
The higher implied volatility for short-dated puts suggests investors are willing to pay a premium for downside protection, CF Benchmarks said.
sergeitokmakov/Pixabay

(Leland Bobbe/Getty)
As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency's Long-Term Prospects Even Among Conservative Pros
Wisconsin's state pension put $160 million into BlackRock and Grayscale's Bitcoin ETFs, showing even risk-averse investors are able to embrace crypto and possibly presaging a...
(Leland Bobbe/Getty)

ETH/BTC hits a three-year low. (TradingView/CoinDesk)
Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here's Why
"Ether is a 'lightning rod' for negative sentiment from crypto native and external players and has several weak spots," one observer said.
ETH/BTC hits a three-year low. (TradingView/CoinDesk)

Bull Market (Kameleon007/Getty Images)
Bitcoin Traders Expect Prices to Hit $74K Highs as Selling Pressure Eases
One trading desk has seen an uptick in call buying activity with targets of as high as $120,000 for December 2024.
Bull Market (Kameleon007/Getty Images)