Are Investors Giving Up on BTC?

Key takeaways: Bitcoin futures demand has hit its lowest level since 2024, signaling that many institutional traders are staying cautious. Despite lower confidence from bulls, high CME open interest suggests that major institutions have not left the market. Bitcoin (BTC) price has gained 10% since retesting $63,000 on Saturday, providing a glimpse of hope for…

Are Investors Giving Up on BTC?

Key takeaways: Bitcoin futures demand has hit its lowest level since 2024, signaling that many institutional traders are staying cautious. Despite lower confidence from bulls, high CME open interest suggests that major institutions have not left the market. Bitcoin (BTC) price has gained 10% since retesting $63,000 on Saturday, providing a glimpse of hope for…

Hong Kong, Shanghai Sign MOU for Blockchain-Based Cargo, Finance Data

Hong Kong and Shanghai authorities have agreed to deepen cooperation on using blockchain technology to streamline trade finance and cargo documentation, under a new partnership announced Monday. The Hong Kong Monetary Authority (HKMA), the Shanghai Data Bureau (SDB) and the National Technology Innovation Center for Blockchain (NTICBC) have signed a memorandum of understanding (MoU) to…

Turkey’s Ruling Party Proposes 10% Crypto Income Tax

Under the proposed law, Turkey’s president would be allowed to change the income tax rate on digital assets from zero to up to 20%. Turkey’s Justice and Development Party proposed a 10% tax on cryptocurrency income and gains as part of a draft bill amending the country’s tax laws. According to a Monday report from…

Bitcoin Re-tests $70K as Loss Flows Drop to 2-Week Low

Bitcoin (BTC) rallied to $70,000 on Monday as the shadow of war looms over the entire Middle East. Data from CryptoQuant shows short-term holder loss transfers to exchanges falling to a two-week low over the past 24 hours, and the slowing exchange flows stand in contrast to the rate of selling seen in early February….

XRP Price May Drop Another 30% Amid Increased Exchange Inflows

XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges. Key takeaways: XRP faces overhead resistance at $1.42 XRP’s 13% rally to $1.43 between Saturday and Sunday ran into a resistance wall at $1.39-$1.43, causing it to retrace to the current price of $1.34. The cost-basis…

Vitalik Buterin unveils plan to curb block builder centralization

Vitalik Buterin is turning his attention to a part of Ethereum most users never think about but that has quietly become one of its biggest pressure points: who gets to decide what transactions goes into a block. In a new blog post on Monday, the Ethereum co-founder lays out a series of ideas aimed at…

Bitcoin Re-tests $70K as Loss Flows Drop to 2-Week Low

Bitcoin (BTC) rallied to $70,000 on Monday as the shadow of war looms over the entire Middle East. Data from CryptoQuant shows short-term holder loss transfers to exchanges falling to a two-week low over the past 24 hours, and the slowing exchange flows stand in contrast to the rate of selling seen in early February….

Sony Bank Signs MOU to Integrate Yen Stablecoin JPYC

Sony Bank said it has signed a memorandum of understanding with stablecoin issuer JPYC Inc. to study whether the Japanese yen-pegged stablecoin JPYC can be connected more directly to the bank’s deposit rails. In a statement on Monday, the companies said they will study real-time account transfers that would allow users to purchase JPYC instantly…

What Does It Mean For BTC?

Bitcoin (BTC) initially dropped before paring all losses, leaving market participants wondering what higher oil prices would mean for BTC price going forward. Key takeaways: Escalating Middle East conflict pushes oil to $79, putting Bitcoin at risk of a drop to $60,000 due to inflation shocks and delayed Fed rate cuts. BTC drops against oil…