Crypto exchange FTX has launched the "FTX Dollar Spot Index Perpetual Swap" contract, allowing users to speculate on the strength of USD.
| October 04, 2022 | October 4th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price has shot up past $20,000 yet again, as the UN calls for central banks to halt interest rate increases. |
| Top-20 altcoins have also performed well, as Ethereum and BNB each gain 3%, XRP rises 5% and Cardano rises 2% over the last 24 hours. |
Top Stories for October 4, 2022 🔥 |
| Major crypto exchange FTX has launched the "FTX Dollar Spot Index Perpetual Swap" contract, allowing users to speculate on the strength of the US dollar. |
| The contract tracks the performance of the euro, Japanese yen, Canadian dollar and British pound against the US dollar, which has been recently been nearing all-time highs in relative strength. |
| Leading stablecoin Tether has reduced its commercial paper holdings to less than $50 million, according to an update by CTO Paolo Ardoino via Twitter. |
| The company now reportedly holds 58.1% of its assets in US T-bills, a significant increase from 43.5% at the halfway point of this year. Tether signed accounting firm BDO Italia in July to improve its transparency. |
| Grayscale Investment's Bitcoin Trust has reached a new discount record of 36.2%, its largest spread between net asset value and the market price of its shares. |
| GBTC has suffered from decreases in institutional demand, with alternatives such as exchange-traded funds (ETFs) taking away from its market share. |
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