BitMine executive Tom Lee discussed Ethereum’s price outlook at Consensus, saying past downturns have always ended in sharp, “V-shaped” recoveries. Summary BitMine executive Tom Lee says Ethereum is likely nearing a bottom, noting that ETH has recovered from every major 50%+ drawdown since 2018. Lee points to a potential “undercut” near $1,890 as a technical…
Thailand has officially recognized cryptocurrencies as an underlying asset under the Derivatives Trading Act. Summary Thailand has formally recognized cryptocurrencies like Bitcoin as underlying assets under the Derivatives Trading Act. The SEC will draft rules to support crypto-linked derivatives and review licenses for exchanges and brokers. According to a Bangkok Post report, the Thai government…
Strategy is turning to preferred stock to keep buying Bitcoin while easing pressure from market swings. Summary Strategy is issuing more preferred shares to fund Bitcoin purchases. The “Stretch” stock pays an 11.25% variable dividend and aims for price stability. The move targets investors seeking crypto exposure with lower risk. Strategy is expanding its use…
Crypto trading firm BlockFills has temporarily suspended client deposits and withdrawals, citing recent market and financial conditions. Summary BlockFills has temporarily suspended client deposits and withdrawals, citing challenging market and financial conditions, while allowing trading to continue. The halt was implemented last week as Bitcoin experienced sharp volatility, sliding from the low $70,000s to the…
Berachain price exploded higher after an extreme funding imbalance in perpetual markets triggered a wave of short liquidations. Summary BERA rallied 82% in 24 hours as futures volume rose 632% and open interest jumped over 102%. Funding rates swung between -5,900% and +3,000% annualized, triggering a short squeeze post-unlock. Technical structure has improved above key…
Ethena-backed suiUSDe has gone live on Sui’s mainnet, bringing the network its first native synthetic dollar for margin trading and decentralized finance use. Summary Ethena-backed suiUSDe has launched on Sui mainnet as the network’s first synthetic dollar. The asset is integrated with DeepBook Margin for trading, lending, and leveraged strategies. Multiple Sui DeFi platforms are…
Lighter has introduced on-chain perpetual futures for major South Korean stocks, giving crypto traders direct access to Samsung, SK Hynix, and Hyundai. Summary Lighter launched perpetual futures for Samsung, SK Hynix, Hyundai, and a Korean index. The contracts offer up to 10x leverage and run fully on-chain. The move expands DeFi trading into traditional equity…
The Uniswap price spiked after securing a major deal with Securitize, BlackRock’s partner. Summary UNI price jumped after a major partnership between Uniswap and Securitize. The partnership will see BlackRock’s BUIDL added to UniswapX. Technical analysis points to a UNI price reversal. Uniswap (UNI) token jumped to a high of $4.57, its highest point since…
BNB price is now trading around $609, slipping below the previously defended $620 golden pocket level and putting long-term support to the test. Summary Price dips under the $620 0.618 Fibonacci “golden pocket” Trading near the 200-week moving average, a key macro support Structure remains intact — but bulls need a reclaim of $620 Binance…
XRP news drops as valuation surges into the global elite, with Ripple thrusting the blockchain firm into the spotlight and sparking renewed conversation about its market position and potential public listing. Summary Ripple joins the top 10 most valuable private companies, with an estimated $50B valuation IPO speculation is growing, though leadership signals no immediate…
