Category: crypto

Bitcoin has reached its most extreme weekly oversold level ever, according to research firm K33. Despite months of selling pressure from long-term holders and institutions, selling is slowing down. Bitcoin’s price has rebounded to over $70,000 with net outflows decreasing. Derivatives markets remain cautious, but a sustained recovery is possible.

GMX DAO approved a plan to redirect rewards to the treasury and focus on its own liquidity infrastructure. This aims to improve price discovery, reduce reliance on external exchanges, and align token economics with protocol profitability. The shift reflects broader DeFi trends towards sustainable fee capture and institutional-friendly frameworks.

Bitcoin price has surged back to $73,000 with supportive flows and positioning. U.S. spot ETFs saw inflows, funding normalized, and open interest increased. The rebound is driven by crypto-native flows and ETF buyers, with institutional interest continuing. The focus is on whether Bitcoin can hold support levels and advance further.

Binance founder Zhao Changpeng has endorsed Predict.fun’s acquisition of Probable, a strategic move to improve the prediction market architecture, execution efficiency, and capital utilization. The merger aims to reduce fragmentation, increase liquidity, and offer better trading opportunities for users. This consolidation trend in on-chain prediction markets comes amidst regulatory scrutiny and a competitive DeFi landscape.

The Sui Foundation has launched USDsui, a stablecoin built for digital payments and DeFi on the Sui network. It is issued by Bridge, a subsidiary of Stripe, with enterprise controls and compliance features. The stablecoin aims to facilitate high-volume payments within the Sui ecosystem, attracting both DeFi and institutional interest.

Hyperdrive launches Leverage Markets to address crypto trading instability by using redemption-based collateral values instead of real-time price feeds. The protocol aims to make on-chain leverage more stable and usable, addressing the risks of forced liquidations and volatility. The model is designed to be safer and more efficient for traders.

Backpack has introduced a new on-chain service that allows users to participate in initial public offerings directly. Users can access IPO shares before they are available on traditional stock exchanges through the Solana blockchain. The service is built in partnership with Superstate and prioritizes user activity and compliance.

A sharp volatility spike in the crypto market led to $521m in liquidations of futures positions in the past 24 hours. Bitcoin accounted for over $200m of the total, with Ethereum and other altcoins also affected. The liquidations were triggered by overleveraged long positions as the market quickly turned.

The White House is reviewing new prediction market measures proposed by the CFTC. The proposal aims to clarify the status of event-linked derivatives and could impact how platforms structure contracts tied to real-world outcomes. This review process could have implications for both traditional and crypto prediction markets, influencing product design and oversight.

Visa is partnering with Bridge, owned by Stripe, to expand stablecoin-backed cards to over 100 countries by 2026. These cards allow users to spend stablecoins at Visa merchants worldwide. The expansion aims to provide faster settlements and lower costs for businesses using stablecoins for payments, reflecting Visa’s long-term commitment to blockchain technology.