Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions
Rising open interest and funding rates signal renewed demand for bullish bitcoin exposure.


Rising open interest and funding rates signal renewed demand for bullish bitcoin exposure.

A Tether-backed project, Utexo, plans to support private USDT transfers, direct swaps between BTC and USDT and loans backed by BTC, while keeping most transaction data off Bitcoin’s public ledger.

Bitcoin is up roughly 3% in October as traders await September’s jobs data, while rising bond yields, a stronger dollar weigh on broader markets.

The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week.

The company managing the memecoin calls the November event the “most exclusive dinner in the world.”

The popular cross-chain trading system said it will reimburse losses after a bug affected deposits and withdrawals across several networks.
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