Bitcoin Leaves Exchanges as ETFs Absorb Supply and Holders Stay Bullish

There are at least 400,000 fewer Bitcoin on exchanges compared to the same time last year, in a positive sign for the market, according to the market intelligence platform Santiment.  Over 403,000 Bitcoin (BTC) have moved off exchanges since Dec. 7, 2024, representing roughly 2% of the total supply, Santiment said in an X post…

Bitcoin Holds $90K But Upside Depends on Fresh Volume

Over the past two weeks, Bitcoin price repeatedly revisited the $90,000 range as retail investor sentiment improved, fund managers restated their bullish expectations for a potential end-of-year rally, and Strategy announced a sizable (BTC) purchase.  According to VanEck head of digital asset research, Matthew Sigel, Bernstein wrote that “the Bitcoin cycle has broken the 4-year…

Bitcoin Steadies Around 90k With Liquidity Drained and a Fed Cut Fully Priced In

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin is hovering around 90k after a weekend of sharp but short-lived…

CFTC Updates Rules to Launch Pilot Program for Crypto Collateral

The US Commodity Futures Trading Commission has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets. Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover…

StableChain Mainnet Launches with Foundation and STABLE Token

Tether-backed Stable protocol has launched its USDT-powered blockchain, StableChain, alongside a new governance foundation and a native token.  According to the protocol, the new layer-1 network is designed for stablecoin transactions and relies on Tether’s USDt (USDT) for gas fees payments, removing the need for volatile assets to process payments. Alongside the mainnet debut, Stable…

Ethereum Whales Open 136K ETH Long Bets Amid 28% Price Rise Potential

Ethereum whales have opened massive long positions on Ether (ETH), totalling $425.98 million, in what looks like a bold bet that the downside is over. Key takeaways: Ethereum whales opened leveraged long positions totaling $426 million. Ether’s ascending triangle targets $4,030 ETH price. Top traders open new ETH long positions Data from Cointelegraph Markets Pro…

US Judge Asks for Clarification on Do Kwon’s Foreign Charges

With Do Kwon scheduled to be sentenced on Thursday after pleading guilty to two felony counts, a US federal judge is asking prosecutors and defense attorneys about the Terraform Labs co-founder’s legal troubles in his native country, South Korea, and Montenegro. In a Monday filing in the US District Court for the Southern District of…

Bitcoin Pro Traders Side-eye Breakouts To $92K

Key takeaways: Economic uncertainty, a delayed jobs report and weakness in the housing market are causing traders to retreat from Bitcoin. Pro traders are incurring high costs to protect against Bitcoin price drops, while in China, stablecoins are being sold at a discount to exit the crypto market. Bitcoin (BTC) faced a $2,650 pullback after…

Bitcoin Pro Traders Side-eye Breakouts To $92K

Key takeaways: Economic uncertainty, a delayed jobs report and weakness in the housing market are causing traders to retreat from Bitcoin. Pro traders are incurring high costs to protect against Bitcoin price drops, while in China, stablecoins are being sold at a discount to exit the crypto market. Bitcoin (BTC) faced a $2,650 pullback after…

Ripple Exec Says XRP Needs a Solana-Style Playbook to Keep Up

Key takeaways: Luke Judges states that technical strength alone cannot guarantee long-term competitiveness, suggesting that XRP could benefit from Solana’s pragmatism and execution speed. Judges believes Solana’s market traction comes from practical engineering and a fast go-to-market strategy rather than protocol design alone. David Schwartz takes the opposite position, arguing that XRPL’s reliability and stability…