ChainCatcher message, HashKey Global has now launched the Bitcoin Cash (BCH) perpetual contract.The contract is a BCHUSDT perpetual contract, with the underlying asset being the BCH/USDT index, the settlement currency being USDT, a contract value of 0.01 BCH, a minimum price fluctuation of 0.01, a maximum leverage of 10x, and a funding fee cap of +0.75%/-0.75%, with funding fees settled every 8 hours.

ChainCatcher news, according to CoinDesk, as of October 15, 2024, the popularity of Bitcoin Cash margin futures contracts has reached an all-time high. Glassnode data shows that the open interest for cash margin futures has hit a record high of 384,000 Bitcoin (approximately $25.5 billion), surpassing the peak of 376,000 Bitcoin in November 2022.Currently, the total open interest for Bitcoin futures is close to its historical high, at about 478,000 Bitcoin ($31.8 billion). Among them, the futures contracts on the Chicago Mercantile Exchange (CME) account for 40% of the cash margin open interest, indicating a growing participation from institutional investors. Meanwhile, the open interest for cryptocurrency margin futures has continued to decline over the past two years, dropping from 210,000 Bitcoin to 87,000 Bitcoin, currently accounting for only 18.2% of the total open interest.

ChainCatcher news, Mt. Gox's official document states that following July 5 and July 16, on July 24, the bankruptcy trustee has repaid some creditors in Bitcoin and Bitcoin Cash through partially designated cryptocurrency exchanges according to the reorganization plan.As of now, over 17,000 creditors have received payments in Bitcoin and Bitcoin Cash. Regarding repayments to other creditors, the official will verify the validity of the registered accounts of the creditors and confirm the designated cryptocurrency exchanges, and creditors will need to wait for a while.

ChainCatcher news, according to CoinDesk, based on TradingView data, Bitcoin Cash (BCH) fell 20% last week, marking its largest drop since April. This sell-off comes as the defunct exchange Mt. Gox announced it would begin repaying creditors for tokens worth approximately $9 billion that were stolen in a 2014 hack, including $73 million worth of BCH, which accounts for 20% of the token's daily trading volume.Kaiko stated that due to the expectation that Mt. Gox creditors might liquidate on a large scale, BCH holders are panic selling, and the poor liquidity on centralized exchanges (i.e., shallow order books) exacerbates this panic. In a market with low liquidity, traders find it difficult to execute large orders at stable prices, and a large buy or sell order can disproportionately impact asset prices, leading to volatility spikes.In a newsletter released on Monday, Kaiko said: "From the price slippage of simulating a $100,000 sell order for BCH, the price slippage on most exchanges has reached its highest level in over a month, indicating that liquidity is deteriorating due to insufficient order book depth for large market orders." Slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed, and a surge in slippage indicates poor market liquidity and/or high volatility. According to Kaiko, on July 5, the day Mt. Gox announced refunds, the slippage on the BCH market on Bybit rose from 0.2% to 2.8%, while on Itbit, it increased from 0.3% to 3.5%. Kaiko noted that the poor liquidity "aligns with the strong selling pressure related to the Mt. Gox repayment event, with the highest slippage increases on Itbit and Bybit." Arca's Chief Investment Officer Jeff Dorman stated that market makers have completely disappeared, similar to the situation in the credit markets of 2009-2010.

ChainCatcher news, according to Tree News, Mt. Gox will start repaying Bitcoin and BCH in early July 2024.

ChainCatcher news, according to Cryptoslate, CryptoQuant researcher Axler Adler Jr stated on X, "All funds in the Mt. Gox cold wallet have been transferred to the new wallet: 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6. The current balance of the wallet is 141K BTC."Galaxy Digital's research director Alex Thorn believes that most of the Bitcoin will be held rather than sold immediately. Thorn said, "Personally, I expect most of the Bitcoin to be held, but I can't say the same for BCH (Bitcoin Cash). All funds have been transferred to the 1Jbez...APs6 address. This may be a consolidation before transferring to the creditors' custodians (BitGo, Kraken, Bitstamp)."

ChainCatcher message, Binance is expected to suspend the token deposit and withdrawal services for Bitcoin Cash (BCH) network on May 15, 2024, at 19:00 (UTC+8) to support its network upgrade.This move aims to provide users with a quality experience.The project team expects to carry out the network upgrade on May 15, 2024, at 20:00 (UTC+8).

ChainCatcher message, Binance is expected to suspend token deposits and withdrawals for Bitcoin Cash (BCH) network at 19:00 on May 15, 2024, UTC+8, to support its network upgrade.This move aims to provide users with a quality experience.The project team expects to conduct the network upgrade at 20:00 on May 15, 2024, UTC+8.

ChainCatcher news, according to The Block, the derivatives exchange Coinbase Derivatives will launch monthly cash-settled futures trading for Dogecoin, Litecoin, and Bitcoin Cash on April 1.It is reported that Coinbase is using the CFTC's self-certification process to quickly list these futures contracts. This process allows exchanges to launch new products without waiting for direct approval from the CFTC, provided they confirm that the products comply with the Commodity Exchange Act and CFTC regulations.

ChainCatcher news, according to TechCrunch, the Bitcoin cashback platform Lolli has completed a $8 million Series B funding round, led by BITKRAFT Ventures, with participation from Sfermion, Ulta Beauty's Prisma Ventures, Hypersphere Ventures, ZebPay's CEO Rahul Pagidipati, 2 Punks Capital, MZ Web3 Fund, Seven Seven Six, Founders Fund's Pathfinder Ventures, Bain Capital Ventures, Serena Williams' Serena Ventures, Logan Paul and MrBeast's Night Media, among others.The new funds will be used to launch Lolli's rewards program to business partners such as exchanges, new banks, banks, payment companies, and browsers.

ChainCatcher news, according to the official announcement, the Binance Web 3 wallet has completed the integration of Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and Sei networks. Users can transfer the tokens of the above networks through the Binance Web 3 wallet.

ChainCatcher news, Coinbase International Exchange stated on social media that it will add support for Polygon and Bitcoin Cash perpetual futures contracts on Coinbase International Exchange and Coinbase Advanced.It is reported that the MATIC-PERP and BCH-PERP markets will open at or after 18:00 Beijing time on December 7.

ChainCatcher news, Tether announced a strategic transformation, stopping support for USDT on Kusama, Bitcoin Cash SLP, and Omni Layer.It is reported that Tether will stop minting USDT-Omni, USDT-Kusama, and USDT-BCHSLP starting from August 17, and will continue to redeem USDT-Omni, USDT-Kusama, and USDT-BCH-SLP as usual for the next 12 months.

ChainCatcher news, according to the official announcement, Binance Pool has launched Bitcoin Cash (BCH) mining services, which use the FPPS settlement method. Mining rewards will be automatically credited to users' funding accounts before 18:00 (UTC+8) daily.

ChainCatcher news, the BCH Ecosystem Fund announced that it will invest 20 million dollars in the Cashtokens ecosystem.It is reported that on May 15 of this year, the Bitcoin Cash (BCH) mainnet successfully executed a hard fork upgrade as planned and activated new rules. This upgrade includes the introduction of the token issuance feature CashTokens and support for smart contracts, allowing developers to build DApps on BCH. (source link)

ChainCatcher message, Binance will support the Bitcoin Cash (BCH) network upgrade.It is reported that the Bitcoin Cash network upgrade will take place on May 15, 2023, at 20:00 Beijing time. BCH deposits and withdrawals will be suspended around 19:30 on the 15th. Once the upgraded network is stable, Binance will reopen BCH deposit and withdrawal services without further notice to users. (Source link)

ChainCatcher news, according to CoinDesk, the Prime Minister of a Caribbean nation stated that Bitcoin Cash (BCH) could become legal tender in St. Kitts and Nevis by March next year, following a due diligence process and consultations with experts and the Eastern Caribbean Central Bank.It is reported that the population of St. Kitts and Nevis in the Caribbean is about 50,000. Countries that currently support the use of cryptocurrency as a means of payment include El Salvador and the Central African Republic. (CoinDesk)