Month: May 2025

Bitcoin futures open interest hits $75B ATH as BTC price eyes $108K breakout

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Bitcoin futures open interest has surged to a record $75 billion, signaling heightened leveraged exposure as traders are eyeing a breakout above the key $108K resistance level — where a dense cluster of bearish short positions could trigger a massive short squeeze. Bitcoin (BTC) futures OI has reached a new ATH of over $75 billion, according to Coinglass data. Over the past 24 hours alone, total OI rose by 4.23%, signalling a strong buildup in leveraged positioning. Chicago Mercantile Exchange leads with $17.43 billion in OI, followed by Binance with…

Magic Eden Taps Spark to Enhance Bitcoin DeFi With Fast, Low-Cost Settlement

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Crypto platform Magic Eden has announced a partnership with Spark to enhance trading on bitcoin by providing fast and low-cost settlement for native assets. By integrating with Spark, Magic Eden plans to unlock efficient transactions for various market types, including stablecoin-to- BTC swaps, while maintaining the integrity of bitcoin’s trust model. Spark is designed to […] Original

Avalanche NFT Sales Hit 5-Month High — Is the Surge Real?

Key Notes Avalanche recorded a 200,000% rally in its NFT sales. Total NFT sales reached five-month highs. Avalanche also recorded the most expensive NFT sale in 24 hours. Avalanche AVAX $21.65 24h volatility: 2.4% Market cap: $9.03 B Vol. 24h: $343.15 M is seeing an impressive rise in its non-fungible token sales volume, mainly coming from a collection called XSY Deposit. XSY is the company behind the algorithmic stablecoin project Unity (UTY), which received a $5 million Pre-Series A funding. The XSY deposit fund movements are recorded as NFT sales…

Crypto.com secures EU license to launch crypto financial derivatives

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Mobile-first crypto exchange and payment platform Crypto.com secured a license allowing it to offer cryptocurrency financial derivatives in the European Economic Area. According to a May 21 announcement, Crypto.com secured a Markets in Financial Instruments Directive (MiFID) license. “We have already expanded our brand presence in Europe since receiving our MiCA licence and we now look forward to providing customers across the region even more ways to engage with our platform through these new offerings,” said Crypto.com’s co-founder and CEO, Kris Marszalek. Source: Crypto.com The announcement followed Crypto.com receiving in-principle…

Kraken Grows EU Crypto Reach With New Cyprus License

Key Notes Kraken obtained a MiFID license via the acquisition of a Cypriot investment firm earlier this year. The license will grant Kraken more room to expand its crypto derivatives offering in the EU. Derivatives are now a major part of Kraken’s total trading and global crypto markets. Digital asset exchange giant Kraken has taken another step in its global strategy. According to the exchange, it has secured regulatory approval to offer crypto derivatives in the European Union. This follows a recently acquired license in Cyprus. Kraken Gains Ground in…

ETH Set to Surge? ETF Inflows and Golden Cross Spark Optimism

Key Notes Ethereum ETFs saw $64.8 million in inflows on May 20, with BlackRock’s ETHA ETF contributing $45 million. A golden cross pattern on the Ethereum price chart appears, signaling a strong bullish trend. On-chain data highlights a significant drop in Ethereum’s exchange reserves, signaling a tightening supply. Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B price continues to show greater strength with another 2% upside today, moving to $2,600. Amid strong institutional buying and chart patterns, market analysts are turning increasingly optimistic…

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Many NFTs that pay creators over time are not securities: SEC’s Hester Peirce

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United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce said many non-fungible tokens (NFTs), including those with mechanisms to pay creator royalties, likely fall outside the purview of federal securities laws. In a recent speech, Peirce said NFTs that allow artists to earn resale revenue do not automatically qualify as securities. Unlike stocks, NFTs are programmable assets that distribute proceeds to developers or artists. The SEC official said that mirrors how streaming platforms compensate musicians and filmmakers.  “Just as streaming platforms pay royalties to the creator of a song…

SUI Preparing For Another Leg Up

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. After its breakout, SUI has been consolidating within a key range and has faced momentary resistance above the $4.00 level. Some analysts suggest that the cryptocurrency’s next target sits…

KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger

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KindlyMD shareholders have approved a merger with Bitcoin holding firm Nakamoto Holdings, paving the way for the creation of a publicly traded Bitcoin-focused conglomerate. According to a May 20 announcement from the U.S.-based healthcare services provider, both companies will now file information statements with the Securities and Exchange Commission.  The merger is expected to close 20 days after these disclosures are shared with shareholders. Completion is targeted for the third quarter of 2025. Nakamoto Holdings, led by Donald Trump’s crypto adviser David Bailey, is a newly formed entity that seeks…