Today marks an active day in the cryptocurrency market with notable listings and price increases.
Binance, the world’s largest cryptocurrency exchange, introduced futures trading for Dogwifhat (WIF), Hege ($HEGE), First Digital USD (FDUSD), Matt 0x79 (MATT), APF coin (APFC), and Covalent X Token (CXT).
Additionally, other projects like Clore.ai (CLORE), Agoras: Currency of Tau (AGRS), and Edge Video AI (FAST) have begun trading on various exchanges.
Binance specifically highlighted the launch of coin margin futures for Dogwifhat (WIF) with leverage up to 50x, set to commence trading on July 23 at 13:00 (UTC).
As of now, WIF is priced at $2.21, reflecting a significant 22.2% increase in the past 24 hours amidst a broader recovery in the cryptocurrency market, particularly for altcoins.
Coinbase is making moves to expand its crypto derivatives offerings by filing with the US Commodity Futures Trading Commission (CFTC) to introduce futures contracts for XRP.
Retail investors are increasingly favoring XRP over Bitcoin, as Glassnode data shows a dramatic 490% increase in XRP’s daily active addresses, compared to just 10% for Bitcoin since the 2022 market low.
Fidelity Investments has moved forward with plans to launch a spot Solana Exchange-Traded Fund (ETF), with the U.S. Securities and Exchange Commission (SEC) formally acknowledging the filing.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.