The post Cardano Futures Explode 32,399.85% as Open Interest Falls, What’s Next? appeared on BitcoinEthereumNews.com. Cardano is trading in red, witnessing an openThe post Cardano Futures Explode 32,399.85% as Open Interest Falls, What’s Next? appeared on BitcoinEthereumNews.com. Cardano is trading in red, witnessing an open

Cardano Futures Explode 32,399.85% as Open Interest Falls, What’s Next?

For feedback or concerns regarding this content, please contact us at [email protected]

Cardano is trading in red, witnessing an open interest drop as the broader crypto market faces selling on Monday. Meanwhile, its futures volume has risen 32,399.85% on the Bitmex crypto exchange in the last 24 hours, coming in at $106.53 million, according to CoinGlass data.

After a brief rebound toward the weekend, the broader crypto market saw profit-taking, with the majority of crypto assets sustaining losses at press time. Cardano was trading down 2.65% in the last 24 hours to $0.2666.

In line with this, traders seem to be adjusting their positioning across the market, which might explain the surge in futures volume on Bitmex, a major derivatives exchange.

Morning Crypto Report: XRP Skyrockets $63.1 Million on Its Own ETF Bull Market, 23,799,579,141 SHIB: Coinbase Whale Grabs Billions of Shiba Inu and Disappears, Dogecoin Creator’s Crypto Market Prediction Amid Super Bowl Comes True

Saylor Buys the Dip… at $78,000

You Might Also Like

ADA’s open interest has rather declined in line with the market drop, down 3.7% in the last 24 hours to $422.75 million, according to CoinGlass data.

Cardano remains down 8% weekly, having failed to sustain a recovery after last week’s massive sell-off, which saw billions of dollars in liquidations. The cryptocurrency rose on Friday to reach $0.284, but it could not sustain its climb and started declining thereafter.

The daily RSI stays in the negative, at 33, suggesting an advantage to sellers. If the current declines continue, ADA might eye support in the $0.20 range. If the market reverses, the next major short-term barrier for ADA is at $0.353, which coincides with the daily MA 50.

Cardano news

Cardano has welcomed a new node release: cardano-node 10.5.4. This release provides a number of important enhancements to the networking layer that will improve node resilience and robustness.

In the past week, Volatility Shares Trust filed N-1A for 3 Cardano $ADA ETFs.  The filing includes Cardano ETF, 2x leveraged Cardano ETF and 3x leveraged Cardano ETF.

Major crypto exchange Coinbase is set to launch perpetual-style futures on the COIN50 index for U.S. traders. COIN50 tracks the top 50 largest and most liquid digital assets by market cap. Cardano ADA has the seventh largest allocation in the index at 0.97%.

Cardano ADA futures is launching on derivatives marketplace CME group today, Feb. 9.

Source: https://u.today/cardano-futures-explode-3239985-as-open-interest-falls-whats-next

Market Opportunity
NODE Logo
NODE Price(NODE)
$0.01294
$0.01294$0.01294
+0.23%
USD
NODE (NODE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Glenn Hughes Scores His Greatest Chart Debut On His Own

Glenn Hughes Scores His Greatest Chart Debut On His Own

The post Glenn Hughes Scores His Greatest Chart Debut On His Own appeared on BitcoinEthereumNews.com. Nearly 10 years after Resonate, Glenn Hughes scores a new career high as Chosen opens at No. 4 on the Official Rock and Metal Albums chart. NEW YORK, NEW YORK – APRIL 08: Glenn Hughes of Deep Purple speaks onstage during the 31st Annual Rock And Roll Hall Of Fame Induction Ceremony at Barclays Center on April 8, 2016 in New York City. (Photo by Mike Coppola/Getty Images) Getty Images Almost a decade after his last solo album Resonate arrived, Glenn Hughes returns with Chosen. The rock superstar’s fifteenth project under his own name debuts on multiple charts in the United Kingdom, where he remains a legend in his chosen field. Chosen opens inside loftiest tiers on multiple tallies and even gives Hughes his first solo win on one roster. Glenn Hughes Scores First Hit on One Chart Chosen debuts on the Official Albums Downloads chart at No. 60. Hughes scores his first solo win on the list of the bestselling full-lengths and EPs on download platforms like iTunes and Amazon in the U.K., as his latest project arrives. Glenn Hughes Reaches a New Peak Chosen earns its loftiest starting point on the Official Rock and Metal Albums chart, where it kicks off at No. 4. Hughes reaches a new all-time high as the set arrives and collects his second top 10. Resonate peaked at No. 6, earning Hughes his first top 10 bestseller almost 10 years back, while Music for the Divine only spent one frame at No. 33 nearly 20 years ago. Glenn Hughes on the Albums Charts Chosen also brings Hughes to new all-time peak positions on both the Official Albums Sales and Official Physical Albums charts. The set debuts at Nos. 25 and 26 on those tallies, respectively. Only Resonate had previously landed on those lists,…
Share
BitcoinEthereumNews2025/09/18 02:41
Aptos Technology Concepts Compared to XRP Tundra’s Approach

Aptos Technology Concepts Compared to XRP Tundra’s Approach

The post Aptos Technology Concepts Compared to XRP Tundra’s Approach appeared on BitcoinEthereumNews.com. The conversation around blockchain innovation often centers on scalability, speed, and utility. Aptos is a Layer-1 blockchain built on Move language principles. It has positioned itself as a network prioritizing parallel execution and developer flexibility. While its technical ambitions have generated attention, the project still competes in a crowded field of platforms racing to establish themselves as the backbone of decentralized finance. XRP Tundra, in contrast, has anchored its design around an immediate problem facing millions of XRP holders: idle assets that generate no yield. Tundra is not competing directly in the smart contract arms race. It introduces a practical application through its dual-token model and staking vaults. The approach brings staking, yield farming, and governance functions directly into the XRP ecosystem. That also without requiring holders to leave the XRPL environment. How Does XRP Tundra Differ from Aptos’ Model? Aptos has emphasized modular scalability and throughput, seeking to attract developers who need high-performance infrastructure. Its model, while technically impressive, depends on widespread adoption of its unique Move programming language and the creation of a vibrant dApp ecosystem. The success of this vision is closely tied to developer participation and long-term ecosystem growth. XRP Tundra addresses an entirely different user base and challenge. For years, XRP has remained locked in wallets with no direct staking or yield options. Tundra introduces Cryo Vaults, where XRP can be “frozen” for 7 to 90 days. Thus, it rewards holders with yields that can reach up to 30% APY.  Enhancements through Frost Keys, special NFTs that boost returns, add further incentives for long-term engagement. Importantly, XRP never leaves the XRPL, ensuring holders maintain the security of the native ledger while activating passive income streams. Where Aptos focuses on abstract performance metrics, XRP Tundra focuses on a tangible need of its core community. It turns…
Share
BitcoinEthereumNews2025/09/22 21:42
The Role of Reference Points in Achieving Equilibrium Efficiency in Fair and Socially Just Economies

The Role of Reference Points in Achieving Equilibrium Efficiency in Fair and Socially Just Economies

This article explores how a simple change in the reference point can achieve a Pareto-efficient equilibrium in both free and fair economies and those with social justice.
Share
Hackernoon2025/09/17 22:30