This week saw the crypto market shed over $100 million of its total capitalization as macro risks and ETF outflows took their toll. Crypto markets traded lower over the past seven days, with Bitcoin leading the decline as investors shifted away from risk assets. BTC started the week near the $77,000-$78,000 range but steadily…
Bitcoin has stabilized near $73,000 after a three-day slide, but bearish chart signals suggest the correction may not be over. Summary Bitcoin price stabilized near $73,000 after a three-day sell-off driven by Iran-related geopolitical tensions, heavy ETF outflows, and leveraged liquidations. Bearish technical indicators, including a rounded-top pattern, MACD crossover, and weakening weekly momentum, suggest…
In crypto news today (May 29), the market has seemingly stabilized overnight, with the Bitcoin price climbing a modest +0.4% in the past 24 hours, with it sitting at around $73,500. However, ETH USD remains in a precarious position: while it is up +0.8% on the day, it trades at $2,010, barely holding above the…
The end of another week and the end of the month spell a larger crypto options expiry as spot markets continue to retreat. Around 85,500 Bitcoin options contracts will expire on Friday, May 29, with a notional value of roughly $6.3 billion. This event is larger than usual for the end of the month,…
DxSale has suffered a $7.3 million exploit after an attacker allegedly used a hidden backdoor in a liquidity locker contract to withdraw BNB locked by more than 1,400 liquidity providers on the BNB Chain. Summary DxSale lost $7.3 million in a BNB Chain exploit affecting roughly 1,400 liquidity providers. Researchers linked the attack to a…
In Bitcoin ETF news today, Tuesday, May 26, someone sold 29 million shares of BlackRock’s iShares Bitcoin Trust in a single transaction worth approximately $1.29Bn, the largest block trade in IBIT’s fifteen-month history. Since then, Bitcoin has dropped nearly -5% before stabilizing between $73,000 and $74,000. Here is the central tension this article unpacks: if…
XRP ETFs chart another day of inflows in clear defiance of the broader market downturn. XRP-linked exchange-traded funds continue to attract investor demand despite the broader crypto market downturn. The latest data shows that XRP ETF clients bought $1.77 million in XRP yesterday, bringing total net assets to about $1.12 billion. XRP Funds Defy…
OKX Ventures has agreed to acquire a 19.6% stake in South Korean cryptocurrency exchange Coinone through an 80 billion won ($53 million) investment, expanding the global exchange group’s presence in one of Asia’s largest digital asset markets. Summary OKX Ventures will invest $53 million in Coinone, securing a 19.6% stake pending regulatory approval. Korea Investment…
Sui experienced its second network stall in five months on May 28. Sui Network has restored operations after a disruption that kept its blockchain offline for nearly six hours on Thursday. The Layer 1 network said the issue was caused by a bug tied to its recently released 1.72 update, which specifically affected the…
Gemini has added a Grok-powered feature to its prediction markets platform as the crypto exchange expands beyond spot trading. Summary Gemini added Grok-powered feeds to personalize prediction markets using user positions, watchlists, and trading history. Q1 prediction market revenue reached $400,000, while Gemini’s total revenue rose 42% to $50.3M quarterly. Related reports show Gemini keeps…
