Roundup of the notable events in crypto markets this week.
Meanwhile, futures have begun to surge as bitcoin andactivity heats up, as seen through more bitcoin and ether open interest — which indicates the value of all outstanding contracts that have yet to settle. Bitcoin open interest for August is already ahead of July at $1.54 billion, compared with $1.47 billion the previous month.earlier that ether derivatives activity was heating up as large traders began speculating on the forthcoming merge, which commentators noted again this week.
MicroStrategy surprised many with the announcement that Michael Saylor would be stepping down as CEO from Monday to take up an executive chairman role. Saylor insisted the move made sense for all involved and will give him more time to concentrate on his bitcoin advocacy. The firm remains committed to its bitcoin strategy,The stock popped during early morning trading on Wednesday, gaining more than 10% shortly after 9:30am ET. Speaking to The Block at the time, Forex.
Elsewhere, Block reported total net revenue in the second quarter of $4.4 billion. Excluding the impact of bitcoin, thejumped 34% to $2.62 billion, it said in a letter to shareholders prior to its earnings call.
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