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TradingGain Newsroom··22 Oct 2026, 17:00 UTCSOXS is one of the biggest movers among the most traded coins today, up 19.0% to $52.64 with $444.0M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
The funding rate on SOXS perpetual futures is +0.111% per 8 hours, which means long traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp flush lower (long squeeze).
Lazaro Campos, former CEO of Swift, has joined London-based stablecoin firm OpenTrade as its chairman. The company says it has $300 million in assets locked and more than $1 billion in annual transaction volume. The move may draw attention to stablecoin firms as traders look for signs of growth in the sector.
The Federal Reserve kept its target range at 3.75% to 4% on Oct. 28, with a 10-2 vote. Two members wanted an immediate quarter-point hike, and rate-market trackers now see a December hike as likely.
A market is at an inflection point, and a chart highlighted by CoinDesk shows the moment. The shift could shape inflation trends and the prices of risk assets, including bitcoin and tech stocks.
Bitcoin ETFs took in $424 million over three days, lifting October net inflows to $111 million. The gains came despite a hawkish Federal Reserve decision and weaker crypto sentiment. For traders, strong fund demand can hold up even when rate signals turn tougher.
TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.
