FTX Exchange Lists Dollar Spot Index Perpetual Swaps – October 4

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $20,104

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 πŸ”₯

πŸ‘‰ FTX Exchange Lists Dollar Spot Index Perpetual Swaps

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.

πŸ‘‰ Tether Reduces Commercial Paper Holdings To Under $50M

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.

πŸ‘‰ Grayscale’s GBTC Discount Continues To Widen To Record Low 36%

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.