Ethereum taps $2,300 as futures open interest lags Ethereum traded around $2,300 on Friday after a run that carried the asset back above a closely watched threshold, but derivatives activity has not kept pace with the move. KuCoin data showed ETH open interest…
Ledger pauses U.S. IPO as Bitcoin ETF inflows hit $1.2B Ledger has paused plans for a U.S. initial public offering, while U.S. spot bitcoin exchange-traded funds drew about $1.2 billion in weekly inflows, underscoring a split market for crypto capital raising and bitcoin-linked…
CFTC relief lands as crypto derivatives OI hits 14-month high The CFTC this week moved to ease reporting burdens for prediction markets just as crypto derivatives open interest reached a 14-month high, underscoring how policy clarity and elevated leverage are converging in a…
Euro Stablecoin Supply Surges to $774.2M Record on Ethereum Euro-pegged stablecoins reached a historic high of $774.2 million in total market capitalization on May 13, with Ethereum hosting 66% of the supply, according to Token Terminal data. The milestone reflects accelerating demand for…
South Korea Bitcoin Premium Hits 2% as Won Volatility Reshapes Regional Demand Bitcoin trading on South Korean exchanges has climbed to a 1.98% premium over global benchmarks as of May 7, marking the highest level since late February when geopolitical tensions roiled regional…
Voter Apathy on Crypto Clashes With Capitol Push for Regulation Only 4% of U.S. voters consider a political candidate’s stance on cryptocurrency when voting, according to a POLITICO and Public First survey released this week, highlighting a stark disconnect between legislative momentum for…
Metaplanet Posts $725M Q1 Loss as Bitcoin Stack Grows Metaplanet reported a first-quarter net loss of ¥114.49 billion, or about $725 million, on Wednesday after non-cash bitcoin valuation losses overwhelmed a sharp rise in operating profit. The Tokyo-listed company still ended the period…
Bullish Q1 Revenue Misses as Crypto Trading Volumes Collapse Bullish reported first-quarter adjusted revenue of $92.8 million, falling short of analyst expectations of $94.9 million, marking the latest earnings miss among major crypto exchanges as digital asset trading volumes contracted sharply across the…
Bitcoin Stalls at $80K as Leveraged Longs Unwind Amid Geopolitical Shifts Bitcoin broke above $80,000 early in the week but has since retreated and stalled near the psychological level, with market structure data revealing that the rally was driven more by leveraged futures…
