Bitget Futures Market Updat

Bitget App

Trade smarter

Bitget

News

Bitget2024/07/01 05:17

By:Bitget

Polymarket monthly volume hits $100M as presidential race heats up

Decentralized predictions platform Polymarket hit $100 million in monthly trading volume in June as punters upped their stakes on how they think the United States presidential election will play out. As of early morning July 1st (UTC+8) the time of writing, there are $203.3 million worth of bets in “Presidential Election Winner 2024” — which consists of individual “Yes” or “No” bets across 17 prediction markets. Other betting markets related to the elections have also garnered millions in bets.

Polymarket, which runs on Ethereum sidechain Polygon, saw $109.9 million in trading volume in June — its first time crossing the $100 million mark, according to a Dune Analytics dashboard. Trading volumes between January and May hovered between $38.9 million and $63 million, which marked a 620% increase from the previous five months (August-December, 2023). The total value locked in Polymarket is now $40.2 million, up nearly 69% over the last 30 days, Token Terminal data shows.

Cryptocurrency prices and the UEFA European Football Championship 2024 markets have also tallied large trading volumes on Polymarket. Polymarket, which launched in June 2020, recently raised $70 million and was spearheaded by Ethereum co-founder Vitalik Buterin and venture capital firm Founders Fund.

Source: CoinTelegraph

Futures Market Updates

Bitcoin has retraced from $60K, resulting in heavy short liquidations across markets.

Bitcoin Futures Updates

Total BTC Open Interest: $32.96B (+4.20%)

BTC Volume (24H): $43.08B (+147.95%)

BTC Liquidations (24H): $2.99M (Long)/$36.07M (Short)

Long/Short Ratio: 51.68%/48.32%

Funding Rate: 0.0070%

Ether Futures Updates

Total ETH Open Interest: $15.23B (+3.25%)

ETH Volume (24H): $16.00B (+85.03%)

ETH Liquidations (24H): $1.77M (Long)/$22.52M (Short)

Long/Short Ratio: 50.52%/49.48%

Funding Rate: 0.0091%

Top 3 OI Surges

EIGEN: $40.79K (+127.43%)

PHA: $2.52M (+118.67%)

MBL: $1.06M (+115.92%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: BlackRock’s Ether exchange-traded fund (ETHA) offloaded $101,795 ETH, totalling almost half a billion dollars in daily outflows. The fund still recorded $9.3 million in net inflows despite the selloff. U.S. spot Ether ETFs also recorded the most inflows of roughly $726M on July 16, with ETHA contributing more than $499 million.

Cryptopolitan•2025/08/05 20:05

BlackRock dumps over $100K ETH, breaks 21-day inflow run

Indonesia explores how national Bitcoin reserve could benefit the country

Share link:In this post: Indonesia is reportedly open to adding BTC to its national reserve as the VP’s office and other parties push. A proposal has been made to include Bitcoin as an investment option for the country’s newly launched Daya Anagata Nusantara Investment Management Agency (BPI Danantara). Proponents of the proposal argue that allocating IDR 300 trillion (about $18.3 billion) to Bitcoin could help reduce Indonesia’s national debt.

Cryptopolitan•2025/08/05 20:05

U.S. adds OpenAI, Google, and Anthropic to approved AI vendor list

Share link:In this post: The U.S. government picked OpenAI, Google, and Anthropic to provide AI tools to federal agencies. This makes it faster and easier for agencies to use AI for chatbots and fraud detection. Before approval, the government checked these tools for safety, performance, and bias.

Cryptopolitan•2025/08/05 20:05