CME Bitcoin futures contracts have just reached a record discount relative to spot prices, measuring at 3.36%.
| August 24, 2022 | August 24th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price has drifted up towards the $22,000 mark Wednesday, as it appears to have found some local support in the $21,000 range. |
| Top-20 altcoins continue to look a little healthier, as Ethereum gains another 3%, BNB rises 1% and Ethereum Classic leads with an 8% rise over the last 24 hours. |
Top Stories for August 24, 2022 🔥 |
| Chicago Mercantile Exchange (CME) Bitcoin futures contracts have just reached a record discount relative to spot prices, measuring at 3.36%. |
| The previous largest discount on the trading instrument was 2.39% on July 21, 2021 – which was followed by a significant short-squeeze and subsequent rally to all-time highs. |
| Possible explanations mentioned include structural changes to ProShares Bitcoin Strategy ETF contracts, as well as general de-risking as the stock market becomes more turbulent. |
| The Ethereum Foundation has confirmed in a blog post that The Merge is set for September, with the two-part upgrade sticking to previously mentioned dates. |
| The "Bellatrix" upgrade will kick-start the process on September 6, while the actual proof-of-stake shift in the "Paris" upgrade will occur somewhere between September 10 and September 20. |
| Malaysian investment bank Kenanga is working closely with Chinese tech giant Ant Group to build a crypto-friendly "super app" – complete with a crypto wallet and trading features. |
| In addition to digital investment and crypto trading, the app will also include services such as stock trading, foreign currency exchange and more. It is due for launch in early 2023. |
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