Been a long time user of MEXC and the 8th anniversary feels like an actual turning point for them and not just a surface level rebrand:> New CEO from Meta / Bitget> 0 fee prediction markets> 0 fee gold, oil and stocks futuresMost exchanges that hit 8 years either get complacent/stagnant or become obsolete. As a top 5 exchange globally, MEXC looks like it's doing the opposite and going on the offensive.If you are a user like me, what changes would you like to see from the new CEO?MEXC (@MEXC):8 → ♾On our 8th ...

⚡️ UPDATE: Binance launches oil and natural gas futures trading. https://t.co/FpunmfgYgK ...

JUST IN: Binance officially launches oil and natural gas futures trading. ...

Core Insights - Bitcoin price surged, reclaiming $71,000 after President Trump's delay on strikes against Iranian energy infrastructure, leading to a risk-on relief rally in crypto assets [1][2] - The sudden de-escalation caused a significant capital rotation, with oil futures dropping nearly 10% and gold prices retreating 3.7% [1][2] Bitcoin Price Dynamics - Bitcoin held above $68,000 during peak uncertainty and is now targeting the supply zone above $71,500, with a critical resistance level at $72,000 [4] - A confirmed 4-hour close above $72,000 could invalidate the previous lower-high structure and open the path for further gains [4] - The daily RSI is trending up near 58, indicating potential for continuation, while the 50-day EMA serves as a critical support level [4] Market Reactions - A short squeeze contributed significantly to Bitcoin's rise, with over $271 million in short positions liquidated following the White House announcement [5] - Traders who anticipated a breakdown below $67,000 faced significant losses, which fueled the upward movement in Bitcoin [5] Funding and Market Health - Funding rates have increased, but open interest has not returned to year-to-date highs, indicating that the current price movement is driven by spot buying and short covering rather than leveraged trading [6] Macro Context - The correlation between Bitcoin and energy markets has inverted, with Bitcoin rising as oil prices fell by 9.8%, suggesting that lower oil prices may reduce inflation risks and the likelihood of a hawkish Federal Reserve response [7] - Bitcoin's price action saw a rally from a low of $67,436 to a high of $71,782 shortly after the announcement, reflecting a shift in market sentiment from fear to greed [8]

rune christensen just opened $5.89m in oil futures on hyperliquid. pushed funding rates to 400%. sky co-founder using a perp dex for commodity exposure instead of tradfi prime brokers. the shorts paying 400% annual to fade him are going to learn about funding drag the hard way. ...

US oil futures surged above $90 a barrel for the first time since October 2023 as the war in Iran upends critical energy market flows, with shipping through the Strait of Hormuz at a near-total halt https://t.co/HcxegJKrte ...