New All-time High Unlocked!
The world’s largest cryptocurrency has reached a new all-time high of $125.5K yesterday.
After plunging to $109K just over a week ago, the price of Bitcoin roared back to life, surging back to $120K last Friday, and finally broke past $125K on Sunday.
However, BTC has since retreated slightly to $123.9K as of the time of writing.
According to CoinGlass, open interest on Bitcoin positions have risen by 19.5% from $77B to $92B in the past week.
However, funding rates have remained largely unchanged, despite the increase in price action and volatility.
Not to be left behind, other major cryptos such as ETH and SOL also appreciated by 6.5% and 12.1% respectively in the past 7 days.
On the other hand, tokens within the BNB ecosystem and governance tokens of perpetual DEXes are still receiving plenty of attention from the crypto community.
Popular assets such as ASTER, GIGGLE and ORDER are still showing signs of momentum, with GIGGLE surging by 29.7% today.
MetaMask Brings On-chain Rewards
Crypto wallet MetaMask will introduce a new on-chain rewards program in the coming weeks.A
According to an announcement post, the first season of the campaign will see over 30M worth of LINEA tokens distributed to eligible participants, along with additional incentives and referral rewards.
The team also stated that long-time users will gain special benefits, and that the rewards program will be intertwined with the upcoming MASK token.
However, it remains unclear whether the program will be open to participants from all jurisdictions.
In Other News…
Coinbase Applies for US Banking License. Coinbase joins stablecoin issuers Circle, Paxos, and fintech Ripple in a growing list of crypto firms applying to the Office of the Comptroller of Currency (OCC) for a national trust charter. If approved this would enable Coinbase to further integrate digital assets into traditional finance.
Crypto Trading on Walmart App. OnePay, a fintech firm owned by Walmart is reportedly adding support for Bitcoin and Ethereum trading within its mobile app. The OnePay app is currently in the top 5 free finance apps in both the Apple and Google Play app stores.
Samsung Integrates Coinbase into Wallet Apps. Tech giant Samsung is collaborating with Coinbase to offer its 75M US Galaxy users easier crypto access through Samsung Wallet and Samsung Pay. Users can purchase crypto directly through the app with added incentives such as a $25 initial credit for first time users.
A Brand New 1inch. DeFi aggregator 1Inch is refreshing its website with a new look as part of its strategic shift to become “indistinguishable” from traditional finance.
Defillama Delists Aster. The popular DeFi analytics platform Defillama has delisted the perpetual volume metrics for Aster over integrity concerns. Defillama founder “0xngmi” said that Aster’s trading volumes mirrored Binance’s “almost exactly”.