Metamask Token Hype Builds, While Aster Open Positions Surge 46%: Crypto Markets Today

Bitcoin (BTC), the crypto marketplace leader, has bounced to astir $113,000, hinting astatine an extremity to the three-day losing streak. Other large coins are pursuing BTC's lead, with further gains contingent connected bitcoin moving past cardinal levels.

"Much volition beryllium connected the quality of bitcoin bulls to flooded important absorption levels astatine 113,500 and 115,000. If they succeed, determination volition beryllium a accidental to reconstruct the uptrend. Failure volition summation the risks of a Bitcoin correction," Alex Kuptsikevich, elder expert astatine FxPro, said successful an email.

Token Talk

By Oliver Knight

• MetaMask’s genitor institution ConsenSys, and Ethereum co-founder Joe Lubin, precocious confirmed that the long-rumored MASK token is so coming, and perchance “sooner than you would expect.”
• Lubin emphasized that MASK would beryllium tied to the decentralization of definite parts of the MetaMask platform, moving power from a purely centralized exemplary toward assemblage governance.
• While nary authoritative tokenomics person yet been published, MetaMask seems apt to travel a exemplary akin to that utilized by ConsenSys’s Layer-2 task Linea: retaining a humble stock for the institution portion allocating overmuch of the proviso toward ecosystem incentives, developer funding, and idiosyncratic rewards.
• In erstwhile token launches, eligible users, peculiarly progressive ones, person been prioritized successful the distributions, which has fueled speculation that the airdrop volition absorption heavy connected users with meaningful enactment successful MetaMask, similar swaps oregon interactions with dApps.
• However, immoderate X users person warned Metamask wallet owners to taper their expectations; with Wale Moca saying users could person conscionable $8.5 each if the token debuts astatine a $3 cardinal afloat diluted worth (FDV). That is based connected 70 cardinal users each owning an mean of 5 wallets.
• MASK is present being anticipated alongside a bid of large airdrops, including Base, OpenSea and a 2nd HyperLiquid drop.

Derivatives Positioning

by Omkar Godbole

• Aster token's futures unfastened involvement (OI) has accrued by 46%, a stark opposition to muted OI enactment successful futures tied to the apical 20 tokens.
• Open involvement successful Bitcoin's Tether- and USD-denominated perpetual futures listed connected large exchanges has remained dependable astir 274,000 BTC since the Asian session, indicating the futures marketplace has yet to enactment successful the overnight terms recovery. Perhaps traders are disquieted that gains volition beryllium erased during U.S. hours, conscionable arsenic they were connected Tuesday.
• XRP and ETH markets showed akin dynamics, portion OI has accrued successful SOL since Asian hours.
• HYPE and XMR stood retired astatine property time, with backing rates successful excess of an annualized 25%.
• On the CME, OI successful ether futures is closing connected grounds highs supra 2.2 cardinal ETH, portion enactment successful BTC futures remains subdued.
• On Deribit, BTC hazard reversals amusement a bias for protective puts retired to the June 2026 expiry. In ETH's case, options retired to December expiry amusement a enactment bias.