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View More NewsPerpetual swaps, also called perpetual futures or “perps” for short, are the dominant trading instrument in the crypto market, processing an estimated $40 to 50 trillion a year in volume. They dwarf spot trading, and they are the product that professional traders, hedge funds and retail speculators reach for when they want leveraged exposure to the price of bitcoin or tther without owning the underlying asset. Despite their ubiquity, the mechanics that make them work are not widely understood.To understand perps, it helps to understand what came before them. In traditional finance, leveraged exposure to an asset typically comes through…
In California, Sacramento officials are now inspecting residents’ garbage, recycling, and organic waste bins to make sure people are sorting their trash correctly under S.B. 1383, a state law aimed at reducing methane emissions from landfills. Through September, city workers will go through nearly 5,000 curbside bins, and residents “will either get a ‘great job’ tag or a ‘let’s sort this out’ tag” to educate them about proper waste disposal, said city spokesperson Jesa David. City officials say the inspections are meant to help residents comply with the law and reduce greenhouse gas emissions. Read the full article here
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Three thousand years ago, Homer gave us the face that launched a thousand ships. This weekend, Christopher Nolan gave us the film that launched a million grifts, and he buried them.His Odyssey opened to $124 million domestically and a whopping $264 million worldwide. The haul does not prove the film is good. It does prove that the seven-month social-media campaign against it face-planted the moment real people bought tickets.Their indictment ran on three charges. Nolan cast Lupita Nyong’o, a black actress, as Helen of Troy, the legendary beauty of the ancient world. Elliot Page, the transgender star, was said to…
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The crypto industry, naturally, is urging passage. The common refrain online is that Clarity includes some investor protection rules and creates some structure for…
For the second time this year, the US Commodity Futures Trading Commission (CFTC) issued a warning to prediction markets operators to follow the rules…
Sberbank, Russia’s biggest bank, plans to build cryptocurrency trading infrastructure including a digital depository no later than Dec. 1 as the country brings crypto…
Dormant Bitcoin activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking. Read the full article…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading…
Bitcoin (BTC) is up roughly 30% from its Feb. 6 low below $60,000 as a multi-year bullish chart pattern suggests BTC price could rise…
In brief The Digital Chamber urged the OCC to defend recent national trust bank charter approvals for crypto firms. Sen. Elizabeth Warren argued the…
Meet the new Leo, same as the old Leo: On Monday, Pope Leo XIV dropped his first encyclical, “Magnificas Humanitas,” about how humanity can…
Bitmine Immersion (BMNR), the Ethereum treasury firm helmed by chairman Tom Lee, ramped up purchases again, making its biggest haul since December.The company said…
Smaller Bitcoin treasury firms added 602.6 BTC worth about $46 million last week, even as the largest corporate holders appeared to pause their acquisitions.The…
A lucky trader bought $341 of a World Cup-themed Solana meme coin in mid-May, when it had a market capitalization of less than $40,000.…
from the this-is-why-we-can’t-have-nice-things dept NPR is imposing a new round of buyouts and layoffs as it tries to survive the brutal Trump GOP attacks…