CME Bitcoin Futures Hit Record 3.4% Discount – August 24

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $21,773

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 πŸ”₯

πŸ‘‰ CME Bitcoin Futures Hit Record 3.4% Discount

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.

πŸ‘‰ Ethereum Foundation Confirms September Merge Dates

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.

πŸ‘‰ Malaysian Investment Bank To Build Crypto-Friendly “Super App” With Tech Giant Ant Group

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.