Bitcoin ($BTC) is embarking on a recovery, trading above $78,000 on Thursday after support around the key Exponential Moving Averages (EMAs) earlier this week. The leading cryptocurrency is up by nearly 2% in the last 24 hours. Significant outflows from Bitcoin ETFs, including approximately $648 million in net redemptions on May 18, led by BlackRock’s
The tariff refund trade has moved from court hypothesis to Treasury accounting, and the macro picture looks more consequential than traders initially framed it, with traders increasingly watching whether the process can improve Bitcoin price’s macro outlook. The US Customs and Border Protection had processed $35.46 billion in tariff refunds as of May 11, including
US President Donald Trump signed a new executive order this week that is of critical importance for cryptocurrencies. In this order, Trump instructed the government and the Federal Reserve to review the access of cryptocurrency companies to payment systems. The FED soon presented a proposal on the matter, taking a significant step. According to the
Bitcoin options worth roughly $6.25 billion are set to expire on Deribit on May 29, with positioning data pointing to $75,000 and $80,000 as the key levels to watch. The $75,000 strike carries the heaviest put concentration at $394 million in notional value, while $80,000 dominates on the call side with $532 million The max-pain
Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum rollups and sequencers, citing a shrinking market for rollups. The company said on Thursday on X that the decision was necessary because “the rollup market has fundamentally shifted.” “Unfortunately, the rollup market has shrunk dramatically. For every new
Bitcoin ($BTC) demand on Coinbase points to early signs of market stabilization as $BTC reclaimed the upper bounds of its range highs. The 14-day trend of the Coinbase Premium Index has remained in an uptrend, suggesting steady buyer interest despite traders taking $1.14 billion in profits, which pushed the daily Coinbase premium to a six-week
Bitcoin has moved below the 100,000-block countdown to its next halving, putting the network on course for its fifth programmed reward reduction around April or May 2028. The event is scheduled to take place at block 1,050,000, when the miner block subsidy will fall from 3.125 $BTC to 1.5625 $BTC. The network is now past
AnubisChain, a well-known blockchain network for data transparency on-chain, has partnered with DEXTools, a popular crypto trading data and analytics firm. The partnership underscores a landmark in pushing forward blockchain accessibility and transparency. As per AnubisChain’s official X announcement, the integration with DEXTools is set to deliver a relatively convenient, transparent, and efficient trading experience
AI search startup Exa Labs has raised $250 million in a new funding round led by Bloomberg, pushing its post-money valuation to $2.2 billion. Exa Labs has secured $250 million in fresh financing led by Andreessen Horowitz, according to Bloomberg, in a deal that values the AI search startup at $2.2 billion. The round marks