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Crypto

Binance doubles portfolio margin leverage for XRP and RLUSD to 10 times, users should review existing positions

Binance will raise the maximum portfolio margin leverage for XRP and RippleUSD (RLUSD) from 5 times to 10 times, blockchain media outlet U.Today reported on Aug. 18. The change takes effect on Aug. 21 and a system update is expected to take about 30 minutes. The adjustment improves collateral efficiency for RLUSD but also affects the unified maintenance margin ratio, uniMMR. Binance warned users to recalculate collateral and margin before the change to avoid order cancellations or forced liquidations.

Crypto

MUFG Asset Management buys more Strategy shares, boosting indirect bitcoin exposure

Mitsubishi UFJ Asset Management, part of Japan's Mitsubishi UFJ group, increased its holdings of bitcoin-holding company Strategy shares to expand indirect exposure to bitcoin. U.Today reported the firm bought an additional 53,430 shares, lifting total holdings to 360,613 shares, up about 17.4 percent, with the stake valued at about $35 million. The position is held via MUFG’s wholly owned subsidiary, not a direct investment by MUFG itself.

Crypto

Bitcoin rebound driven by derivatives market; sustainability uncertain

Bitcoin rose to around $64,500, pushing short-position liquidations to their highest daily level in about a month. The move was driven more by a short squeeze in derivatives markets than by spot buying, Cointelegraph reported. CryptoQuant said crowded short positioning and diverging funding rates helped lift prices, but called the rally a low-volume liquidity trap. It flagged weak spot demand and limited inflows into spot bitcoin ETFs as key constraints.