Share this article
First Mover Americas: BNB-Bitcoin Ratio Falls to Lowest Level Since August
The latest price moves in crypto markets in context for Feb. 21, 2023.
Updated Feb 21, 2023, 2:42 p.m. Published Feb 21, 2023, 1:08 p.m.
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Latest Prices
CoinDesk Market Index (CMI) 1,159 −20.9 ▼ 1.8% $24,581 −243.2 ▼ 1.0% $1,674 −35.1 ▼ 2.1% S&P 500 futures 4,055.25 −32.3 ▼ 0.8% FTSE 100 7,995.70 −18.6 ▼ 0.2% Treasury Yield 10 Years 3.83% ▼ 0.0 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
Top Stories
FTX bankruptcy claims are being picked up for 20 cents on the dollar in private over-the-counter (OTC) markets. The distressed asset fund managers doing so are projecting around a 50 cents on the dollar recovery in five years, an anonymous FTX creditor told CoinDesk. Most of the deals are private as not all claims are fungible. "There may also be a clawback period for those who tried to withdraw leading up to the bankruptcy, so the quality of claims is important," the source said. FTX, which went bankrupt in November, has an estimated 1 million creditors, with the 50 largest being owed a combined $3.1 billion.
Factor, the decentralized digital asset management platform built on Ethereum scaler Arbitrum, attracted over $4.3 million in trades in the first 12 hours after going live. Factor’s aim is to allow developers to be able to offer tokenized baskets, yield pools or derivative offerings to community users. Depositors to these products will profit from the upside created by those developers, who themselves earn a cut of fees. The initial coin offering for Factor’s FCTR token started with a $10 million target and will last for three more days, after which the resulting pool of money will be distributed to determine the initial price of FCTR in the open market.
Publicidade
The Litecoin network has effectively gotten its first non-fungible token (NFT) after a copy of its mimblewimble upgrade was placed on the platform’s blockchain. Bitcoin developer Anthony Gurrera forked the code behind Bitcoin ordinals to the Litecoin network, answering a challenge from a Twitter user who offered a public bounty of 15 LTC ($1,410) to the first party to fork Ordinals to Litecoin. Ordinals Protocol has recently enabled Bitcoin-based NFTs by allowing users to inscribe references to digital art into small denominations of BTC.
Chart of the Day
- The chart by Kaiko shows daily trading volumes on centralized Nasdaq-listed cryptocurrency exchange Coinbase and dominant decentralized crypto exchange Uniswap since early January.
- Coinbase has seen more than $185 billion in trading volume so far this year. That's nearly double of Uniswap's tally of $93 billion.
- The data dents the narrative that crypto traders are increasingly flocking to decentralized platforms in the wake of FTX's collapse.
Publicidade
- Omkar Godbole
Trending Posts
Más para ti
Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
Lo que debes saber:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
Mais para você
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
O que saber:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
