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The winds of change are blowing through the Ethereum (ETH) ecosystem. Despite tentative signs of recovery after recent dips, the price has struggled to stay afloat in the last 30 days. Additionally, a more intriguing trend has emerged: a mass exodus of ETH from cryptocurrency ex change s. This movement, marked by declining ex change supply and net outflows, has analysts buzzing with potential bullish implications. Related Reading: Bitcoin Takes Control In Market Meltdown, Dominance Climbs To 9-Week Peak Dwindling Stockpiles: Exchanges Feeling The Squeeze For years, cryptocurrency ex change s have served as the lifeblood of the digital asset market. They provide the platform for buying, selling, and trading cryptocurrencies, with a significant portion of any given coin’s total supply residing within their digital vaults. However, when it comes to ETH, a dramatic shift seems to be underway. According to a recent Analysis of on-chain data, the balanc...

The regulated derivatives marketplace Chicago Mercantile Exchange has surpassed Binance to become the leading Bitcoin (BTC) futures exchange. The shift marks the first time in two years that CME has claimed the top spot, indicating a surge in demand from institutional traders. CME currently holds the top position among futures and perpetual futures exchanges, per CoinGlass data, with an open interest (OI) of around $3.99 billion and a notable 24.32% of the market share. Meanwhile, Binance’s OI has decreased to $3.77 billion, down by 13% over the same timeframe. Notional open interest is defined as the U.S. dollar value tied to the number of active or open contracts. You might also like: SEC’s window for Bitcoin ETF approvals to open today CME is known for trading in traditional futures contracts with specific expiry dates, unlike Binance and other exchanges, which offer standard futures and perpetual contracts without expiry. CME offers standard Bitcoin futures co...

Bitcoin, Cardano, and CryptoCurrency, three of the largest crypto-centric subreddits, are joining other popular forums on Reddit to protest against planned API and tools policy change s that will prevent users from freely using the interface from July 1.  Reddit API changes As of June 12, users wishing to browse the three popular subreddits must request the moderator for access as the protesting subreddits are in “private” mode.  More than 3,500 subreddits reportedly have limited access, rejecting Reddit’s new policy decision. Cardano, Bitcoin, CryptoCurrency, and other subreddits participating in the protest will limit access as part of the Reddit blackout until June 14. The response follows the decision by the social media company to change its Reddit Data application programming interface (API).  These APIs are needed by developers and moderators whenever they want to create tools and other utilities. Reddit’s move will impact how developers freely access third-party tools n...

Bitvavo – a Netherlands-based crypto ex change – is unhappy with Digital Currency Group (DCG)’s proposed plan to compensate Genesis’s troubled creditors.  While DCG has offered to recover 70% of funds owed to such firms, Bitvavo has deemed the plan unacceptable Pay it All Back, Says Bitvavo In a statement from Bitvavo on Tuesday, the ex change claimed that DCG “has sufficient funds available for full repayment.” As such, its offer to repay just 70% of debts “in a period acceptable to Bitvavo” was called “not acceptable” for creditors. “Bitvavo, along with other creditors and advisors, is actively engaged in conversations with DCG to recover the resulting debt as soon as possible,” said the company.  The Dutch crypto ex change is the largest within its country, generating about $51 million of trading volume within the last 24 hours, per data from CoinGecko . Last month, the ex change revealed that it had exposure to Genesis to the tune of €280 million, holding DCG respon...