Current mainstream CEX and DEX funding rates have seen a slight recovery, allowing the market to take a temporary breather
On March 15th, according to Coinglass data, as of now, the funding rates of mainstream CEXs and DEXs have shown a slight rebound, providing the entire market with a temporary respite. The specific funding rates for mainstream coins are as presented in the image below.
BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the equilibrium between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. Its purpose is to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
24 minutes ago
A new address withdrew 12.15 million SHELL from a CEX, equivalent to around $3.49 million.
On March 15th, as per the monitoring of OnchainLens, during the past 2 days, a newly established wallet address has accumulated 12.15 million SHELL tokens (approximately $3.49 million) from Binance.
24 minutes ago
In the last 24 hours, CEX net inflow totaled 641.59 BTC
On March 15th, based on Coinglass data, within the past 24 hours, the total net inflow of BTC on CEXs was 641.59 BTC. The top three CEXs in terms of inflow volume are as follows:
Bybit, with an inflow of 1022.28 BTC;
OKX, with an inflow of 578.94 BTC;
Bitstamp, with an inflow of 560.90 BTC.
Moreover, Binance witnessed an outflow of 2083.98 BTC and ranked first in terms of outflow.
24 minutes ago
Mubarak Market Cap Surpasses $40 Million, Surging Over 100% in the Last 6 Hours
On March 15th, according to GMGN market data, the market capitalization of the Meme coin mubarak on BSC has exceeded 40 million US dollars. It currently stands at 42.7 million US dollars. It has experienced a growth of over 100% in the past 6 hours and has a 24-hour trading volume of 47.1 million US dollars.
BlockBeats Note: Meme coins are highly volatile and rely heavily on market sentiment and hype, with no actual value or use case. Investors should be aware of the risks.
24 minutes ago
Bombie Leads the TON Gaming Race: ARPPU Reaches New High of $102
On March 15th, the Average Revenue Per Paying User (ARPPU) of the Web3 game Bombie on the TON platform has reached a new peak of $102. Currently, Bombie has surpassed 11 million users on both platforms, making it the game with the highest ARPPU on the TON platform.
It is reported that Bombie has previously made public its tokenomics, with 70% of the token supply being allocated to the community.
24 minutes ago
10x Research: Bitcoin May Experience Prolonged Consolidation Again, Market Lacks Buy-the-Dip Momentum
On March 15th, Markus Thielen, the director of 10x Research, stated that Bitcoin might replay the 2024 trajectory and enter a long period of consolidation after reaching a new all-time high. He pointed out that the current technical chart of Bitcoin presented a "rising wedge" pattern, which is usually regarded as a bullish continuation pattern. However, the current structure showed some signs of weakness, suggesting that the market was in an uncertain state rather than a simple bullish consolidation.
Furthermore, Thielen noticed that the U.S. spot Bitcoin ETF market did not show obvious "buy-the-dip" sentiment and lacked new inflow momentum. He believed that most ETF funds mainly came from arbitrage-driven hedge funds, and the consistently low funding rate had reduced investors' willingness to add funds during recent pullbacks.
Thielen thought that the short-term outlook for Bitcoin's resumption of the uptrend was still unclear. He advised investors to temporarily close out short pos
24 minutes ago
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