Santiment recently shared on his Twitter account that stablecoin investors, described as sharks, are protecting their positions. Stating that as crypto money prices increase, large stablecoin holders continue to accumulate USDCoin (USDC) and Tether (USDT), Santiment said that this indicates their reluctance to buy.

These wallets, which are described as stablecoin sharks, are known as wallets holding $10,000-100,000 USDC or USDT. Santiment stated that these wallets do not believe in the current rise and in this context, they do not sell stablecoin assets and do not buy Bitcoin (BTC) and Ethereum (ETH) or other cryptocurrencies.

   "#Tether and #USDCoin shark addresses have been accumulating coins as #crypto prices have risen. This accumulation indicates a disbelief in the rally, and a reluctance to buy in, also known as a "wall of worry."

shark

CME Group to launch Euro-pegged BTC and ETH futures in August

CME Group, the world's best-known derivatives market, has announced that it plans to further expand its cryptocurrency derivatives offering with the launch of Bitcoin - Euro and Ethereum - Euro futures.

The world's leading derivatives market, CME Group, will launch Bitcoin and Ethereum futures with Euro parity on August 29. The contract size for Bitcoin futures will be 5 BTC, while the Ethereum contract will be sized at 50 ETH. Both contracts will be paid in cash based on the CME CF Bitcoin-Euro reference rate and the CME CF Ether-Euro reference rate.

digital euro btc

The launch of Euro-denominated Bitcoin and Ethereum futures contracts could accelerate the continued institutionalization of the crypto market as the euro, the common currency of 19 of the 27 member states of the European Union, is the second most sought-after currency in Europe. Tim McCourt, Head of Global Equities and FX Products at CME Group, said:

   "Our Bitcoin Euro and Ethereum Euro futures contracts will provide clients with more precise tools to trade and hedge for exposure to the two largest cryptocurrencies by market cap."