Blockonomi

TLDR: Bitcoin open interest dropped 25% to $23.2B, hitting its lowest level since early April in just four days. Ethereum open interest fell 13% to $9.8B, reaching levels not recorded since March amid the selloff. Forced liquidations of leveraged longs added extra selling pressure, accelerating the market’s rapid price decline. Declining open interest at multi-month lo...

Key Highlights Bybit integrates USDPT stablecoin with fiat conversion services for Latin American users Western Union’s digital dollar debuts on a leading cryptocurrency exchange platform USDPT combines Solana blockchain infrastructure with traditional fiat currency gateways Partnership aims to accelerate cross-border transactions using stablecoin technology USDPT transitions f...

TLDR: The pre-IPO token market has recorded $1.25B in cumulative trading volume with over 20,000 active holders on-chain. SPV-backed protocols like PreStocks and Paimon Finance lead adoption by offering real share-backed token exposure via DEXes. Synthetic contracts carry no underlying share claims, introducing basis risk between oracle prices and actual private valuatio...

TLDR: Binance Research projects crypto exchanges will channel $2T and 300M investors into equities by 2031. Over 93% of Binance stock trading users come from emerging markets facing traditional brokerage barriers. Stablecoins cut cross-border off-ramp costs by an average of 3.6% and roughly $40 per transaction. AI themes captured over 70% of total fund inflows on Binance, refle...