Glassnode: TON Contract Holdings Surge to Highest Level Since February 18, Possibly Indicating Imminent Price Correction
Glassnode posted on social media that in the past 24 hours, the open interest in TON perpetual contracts surged by 33%, rising from $143 million to $190 million, reaching the highest level since February 18. Notably, even after the price pullback, the open interest remains high. Historical data shows that similar surges in open interest often signal a price correction, warranting close attention.
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Kalshi approved to launch perpetual gold and silver futures, competing with traditional exchanges
Kalshi has received CFTC approval to launch gold and silver perpetual futures on Thursday, becoming the first approved non-cryptocurrency perpetual futures product in the United States. Since the launch of cryptocurrency perpetual futures in May, the notional trading volume of related contracts has reached 44 billions USD. Traditional exchanges such as CME Group have faced pressure on their stock prices, and CME has even sued the CFTC in an attempt to halt the expansion of such products. Kalshi is also applying for the listing of US stock, copper, and forex perpetual futures.
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