Security headlines led the day. A major exchange's $6.3B exploit is still being examined, with SEAL saying the attackers had an 8-week intrusion window. US regulators are reportedly checking banks, and another exchange was cut off from the US financial system over alleged $16B in illicit transactions. Breaches were also reported at a card provider and a blockchain analytics firm.
Markets were quiet: $BTC is at 75,902 USDT (+0.11% over 24h) and $ETH at 2,237 USDT (+0.34%). BTC open interest is up 2.5% over 24h, and 71% of accounts are long. The Fear & Greed index reads 28.
Macro: US payrolls, unemployment and hourly earnings, plus BOJ Governor Ueda's speech, took place this week.
Practical tip: funding is a running cost. $BTC funding is +0.0076% per 8h and $ETH is +0.0069%. At that rate, holding 10,000 USDT of $BTC for 24h costs about 2.27 USDT. Higher leverage also leaves a thinner margin before liquidation. Keep size modest, and use unique passwords, app-based 2FA and withdrawal whitelists. Never share API keys.
— BasisBack Research · not financial advice
Markets were quiet: $BTC is at 75,902 USDT (+0.11% over 24h) and $ETH at 2,237 USDT (+0.34%). BTC open interest is up 2.5% over 24h, and 71% of accounts are long. The Fear & Greed index reads 28.
Macro: US payrolls, unemployment and hourly earnings, plus BOJ Governor Ueda's speech, took place this week.
Practical tip: funding is a running cost. $BTC funding is +0.0076% per 8h and $ETH is +0.0069%. At that rate, holding 10,000 USDT of $BTC for 24h costs about 2.27 USDT. Higher leverage also leaves a thinner margin before liquidation. Keep size modest, and use unique passwords, app-based 2FA and withdrawal whitelists. Never share API keys.
— BasisBack Research · not financial advice
