Category: Other Crypto News

Crypto Markets Shed $80B Amid Fresh US Strikes on Iran

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Cryptocurrency markets have shed around $80 billion in value over the past 24 hours, with losses accelerating after the US reportedly carried out a new wave of military strikes on Iran. The US ​military carried out new strikes late on Wednesday targeting ‌an Iranian military site and shooting down four Iranian attack drones, which a ​US official told Reuters posed a threat around the Strait of Hormuz. “These actions were measured, ‌purely ⁠defensive, and intended to maintain the ceasefire,” the official said. Iran’s Islamic Revolutionary Guard Corps reportedly released a…

CFTC Seeks to Reverse Gemini Settlement

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The US Commodity Futures Trading Commission has asked a federal court to vacate its $5 million settlement with crypto exchange Gemini, claiming that the agency’s enforcement action was based on flawed allegations. Gemini settled with the CFTC and paid a $5 million fine in January 2025 in the final weeks of the Biden administration after the agency accused it of making false or misleading statements related to a Bitcoin futures contract. The CFTC filed a joint motion with Gemini in a Manhattan court on Wednesday seeking to vacate the settlement,…

Cathie Wood Doubles Down On $1.25 Million Bitcoin Target

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ARK Invest CEO Cathie Wood has defended her bull case for Bitcoin reaching $1.25 million within five years, arguing that institutional allocation, digital-gold substitution and Bitcoin’s hard-coded scarcity remain the central pillars of the forecast. Speaking on Fox Business In Depth: The Crypto Campaign on May 26, Wood said ARK’s $1.25 million projection represents the firm’s bull case rather than its base case. The base case, she said, is “closer to $750,000.” But she framed the more aggressive target as a product of several overlapping shifts: younger investors treating Bitcoin…

Bitcoin Bears Break $75K Support: Is $70K Next?

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Bitcoin’s (BTC) rising funding rate and aggregated open interest suggest bullish investors are opening longs in an attempt to defend the range lows and an important support at $70,000, but another day of spot ETF outflows has investors concerned that the institutional stance on BTC is shifting. As shown in the chart below, Bitcoin open interest remains relatively stable despite the day-over-day selling, further re-enforcing the view that long positions are either topping up to stay open or newly created. The cross-exchange funding rates (the last indicator at the bottom…

Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto CEO

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup

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Bitcoin is struggling to reclaim higher levels as the price tests the $76,000 level and the market searches for the structural support needed to prevent the correction from extending further. The backdrop is challenging — but a CryptoQuant report has identified a specific event in the miner flow data that adds an important layer of context to the current price action, and the most significant detail is not the event itself but what happened immediately after it. Related Reading On May 18, miners sent approximately 21,000 BTC to Binance in…

Bitcoin Pulls Back, But Futures Traders Turn Bullish: Long Squeeze Setup?

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Data shows the Bitcoin Funding Rate for the perpetual futures market has turned positive recently, a sign that bullish positions are dominating. Bitcoin Funding Rates Have Been Green Recently In a new post on X, analytics firm Glassnode has discussed the latest trend in the Bitcoin Funding Rate. This metric measures the average amount of periodic fees that perpetual futures traders are paying each other on the various centralized exchanges right now. When the value of this indicator is positive, it means long contract holders are paying a premium to…

Kraken Launches Bitcoin Yield Product

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Crypto exchange Kraken has launched a non-custodial Bitcoin product, giving a 2.5% yearly yield, adding to the company’s yield product offerings amid a rising investor demand for crypto reward products. Kraken unveiled the product on Wednesday with the support of crypto yield infrastructure provider Veda, which said the offering seeks to remove “the headaches that come with wrapping Bitcoin, moving assets, or managing a crypto wallet.” Kraken’s offering comes as Bitcoin (BTC) holders’ demand for yield products has risen, but have seen limited development as the Bitcoin blockchain does not…

The HYPE ETF Outpaced Every Crypto ETF Debut on Record – Institutions Rush Exposure

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HYPE has pushed above $60 to set a new all-time high, creating a bullish environment that stands in sharp contrast to the broader market struggling with selling pressure and uncertainty. The breakout is significant on its own — but data from Kairos Research has revealed a development in the ETF market that places the current momentum in a historical context that amplifies the significance of the price action considerably. Related Reading The spot HYPE ETF has absorbed 1.04% of HYPE’s total market capitalization within its first ten trading days of…

Bitcoin Struggles To Hold $75K As Investors Pivot To Stocks, AI

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Key takeaways: Bitcoin’s drop below $75,000 marks a sharp decoupling from a record-breaking stock market fueled by the AI boom. Crypto trader sentiment remains weak as key US regulatory acts face ongoing delays. Bitcoin’s (BTC) rejection at $78,000 on Thursday marked a decoupling from traditional markets after two months of strong correlation. Wednesday’s decline below $75,000 happened while the tech-heavy Nasdaq 100 Index jumped to an all-time high. The factors behind Bitcoin’s underperformance are unlikely to fade in the near term, reducing the odds of a bullish breakout above $82,000.…