.a16z looks to expand in the U.K., choosing London as its first destination for an office outside the U.S. Also, open interest tied to Binance's $BNB token continues to rise. LedesmaLyllah reports in First Mover Americas
Total open interest – the number of unsettled and active futures contracts – rose to 1.57 million BNB on Monday, the highest since Jan. 1. The tally has increased by over 8% in the past 24 hours and nearly 27% in the days since the U.S. Securities and Exchange Commission filed a lawsuit against Binance on June 5. Alongside, BNB's going market rate has tumbled from about $300 to the current $234, its weakest level since mid-December, per CoinDesk data.
The seven-day skew slipped to -9% over the weekend, signaling the strongest bias for puts since mid-March.
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