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The short-term market remains quite "calm" even in the face of significant volatility, with no signs of a full-blown panic selling.
Gold has soared past $3,300 per ounce, driven by tariff tensions and economic fears. Analysts are now debating if Bitcoin will follow suit.
With market structure legislation picking up steam, states and global players are discreetly preparing for a future that incorporates Bitcoin, identifying a major shift in policy and investment trends.
SOL Strategies and Pudgy Penguins team up to launch a dedicated Solana validator, blending NFT culture with institutional-grade staking infrastructure.
Movement Labs is investigating misconduct linked to the MOVE token following Binance's ban of a market maker. The probe aims to restore trust amidst price drops and leadership changes.
CBEX promised quick profits but left thousands penniless across Nigeria and Kenya. Behind its flashy front was a deep-rooted crypto Ponzi web.
- 07:57Commissioner of the U.S. SEC: U.S. Cryptocurrency Regulation Resembles Playing "The Floor Is Lava" in the Dark; It's Time to "Turn on the Lights"According to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated at the SEC "Know Your Custodian" roundtable meeting that American financial institutions handle cryptocurrency business as if playing "The Floor Is Lava" in the dark. Peirce explained that registrants of the U.S. Securities and Exchange Commission must treat activities related to cryptocurrencies as if they're playing "The Floor Is Lava." They aim to jump from one piece of furniture to another without touching the ground, where directly touching cryptocurrencies is the lava. "The Washington D.C. version of this game is our approach to regulating crypto assets, particularly crypto asset custody," she said. Due to unclear regulatory rules, companies wanting to engage in cryptocurrencies must avoid directly holding them. Hester Peirce stated, "It's time we find a way to end this game. We need to turn on the lights and build some walkways over the lava pits,"
- 07:57Synthetix: Legacy SNX Staking Positions Have Been Liquidated, Users Need to Migrate SoonSynthetix: Legacy SNX Staking Positions Have Been Liquidated, Users Need to Migrate Soon As per a report from Jinse, according to Synthetix's official announcement and SCCP-403 proposal, Synthetix has begun liquidating legacy SNX staking positions and is urging users to migrate to the new 420 staking pool. Users with a collateral ratio above 160% can recover their staking positions within six months by submitting a ticket through Discord, while positions with a collateral ratio below 160% will be permanently liquidated. Migrated positions will retain the original debt, and users can repay the debt at any time to unlock SNX. This migration is to support the upcoming perpetual contract v4 and automated vaults, among other new products. The new 420 staking pool will offer users a 12-month debt exemption period, along with the introduction of sUSD debt staking requirements and related incentive mechanisms in the coming weeks.
- 07:57Bitcoin Perpetual Contracts Open Interest Rises to Approximately 218,000 BTC, Short-Term Bearish Signal in Market ReboundDespite a more than 12% increase in Bitcoin prices over the past week, the derivatives market data indicates a short-term bearish sentiment. According to Glassnode, the open interest of Bitcoin perpetual contracts has risen to approximately 218,000 BTC, a 15.6% increase since early March, indicating increased leverage usage, which may lead to intensified market volatility. Additionally, the average Bitcoin futures funding rate has dropped to about -0.023%, showing that short positions dominate, with contract prices below spot prices, further reflecting a weakened demand for long positions in the market.