BTC price, U.S. dollar move in near-perfect opposition. It hasn’t been this extreme in almost 4 years.

For bitcoin BTC$78,356.95 traders, the direction of the Dollar Index (DXY), a measure of the greenback’s strength against a basket of other currencies, hasn’t mattered this much in nearly four years. That’s because the 30-day correlation coefficient between the two now stands at -0.90, according to TradingView, the most negative reading since September 2022. A…

Thailand Regulator Eyes Crypto Futures Expansion in Rule Proposal

Thailand’s Securities and Exchange Commission (SEC) is seeking public comment on proposed rule changes that would allow licensed digital asset businesses to apply directly for derivatives licenses, removing the requirement to establish separate entities. The proposed revisions would build on earlier changes recognizing digital assets as eligible underlying assets for futures contracts, expanding the scope…

Ethereum Metrics Signal ETH Price Rally Toward $6K Next

Ether’s (ETH) 33% rally from its sub-$1,800 multi-year lows appears to be cooling, but several key metrics suggest the top altcoin may be primed for a bigger rally toward $6,000 or higher. Key takeaways: Ether is currently displaying a technical setup similar to past cycles that ignited a massive rally in ETH price.  Supply squeeze…

Ether taker volume rises by 72% as traders target ETH liquidity gap at $2.6K

ETH derivatives show strong buyer dominance, leading traders to target $2,500 to $2,600 as the next crucial rally. Source link

Altcoins have ‘30% to 60%’ upside if Bitcoin taps $86K: Analyst

MN Trading Capital founder Michael van de Poppe doesn’t expect Bitcoin to drop below $75,000 in the near term, even as Polymarket traders price in a different outcome. Source link

EIP-8105: A new design for Ethereum’s encrypted mempool

Sandwich attacks cost Ethereum users an estimated $60 million per year. Transactions broadcast to the public mempool are publicly visible before inclusion, which gives MEV bots the ability to affect the order of transactions and insert their own for profit. This problem has persisted on some level in spite of years of discussion and various…

Crypto protocols pledge 43K ETH to restore rsETH backing

Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have all made pledges to the “DeFi United” recovery effort. Source link

Crypto Advocacy Group Calls Action on Market Structure Bill ‘critical‘

More than 120 entities affiliated with the cryptocurrency and blockchain industry are urging US lawmakers to stop stalling on the advancement of a digital asset market structure bill. In a Thursday letter to leaders in the US Senate Banking Committee, the Crypto Council for Innovation (CCI) and Blockchain Association said that the body should “proceed…

Bitcoin enters disbelief phase as USDC exchange reserves push above $7.5B

A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising? Source link

U.S. arrests soldier for Polymarket bets on Nicolas Maduro raid he participated in

The U.S. Department of Justice arrested a master sergeant with the Army on allegations he placed wagers on the raid of Nicolas Maduro ahead of participating in the operation to detain former Venezuelan leader. The DOJ unsealed an indictment Thursday charging Gannon Ken Van Dyke with the unlawful use of confidential government information for personal…