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Yahoo
23-05-2025
- Business
- Yahoo
Crypto Daybook Americas: All Signs Point Up as Bitcoin Hits Record High
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC surpassed Wednesday's record to reach an all-time high of $111,875 in the early hours of Thursday, according to the CoinDesk Bitcoin Price Index, as traditional financial markets contended with rising bond yields and renewed concerns over ballooning U.S. debt. The largest cryptocurrency has gained around 3.8% in the last 24 hours while the broader CoinDesk 20 CD20 index rose 4.74%, continuing a trend of strength driven by mounting institutional demand and growing interest in crypto exposure. The rally is unfolding against a backdrop of higher yields on U.S. and Japanese government bonds. The 10-year U.S. Treasury yield rose to 4.6%, while the 30-year topped 5%, driven by concerns over President Donald Trump's tax bill that analysts estimate could add as much as $5 trillion to the country's debt, according to Reuters. In Japan, yields on 30- and 40-year government bonds also hit record highs. The country's debt-to-GDP ratio stands at 234%, QCP Capital said, and growing scrutiny coupled with weak demand for long-dated JGBs sent yields soaring. That matters because higher yields — and thus higher returns — on investments that are considered relatively safe tend to lower the appeal of riskier assets like stocks, not to mention cryptocurrencies. While BTC, with its history of trading as a risky asset, hasn't shown much sign of ebbing demand, it raises the question of how long the rally can continue. Still, traders have been building large long positions in BTC options, with the most open interest now concentrated at the $110,000, $120,000 and even $300,000 calls for contracts expiring in late June in a sign of continuing bullish conviction. U.S.-traded spot bitcoin exchange-traded funds have also been seeing significant demand. Total net inflows hit $1.6 billion over the week, and $4.24 billion so far in May, SoSoValue data shows. The inflows, coupled with bitcoin's price rise, have seen the ETFs' total net assets hit a record $129 billion. There are, however, some muted signs of bearish activity. 'The largest block flow this week continues to be ETH December call spreads, while overnight BTC butterfly positions hint that some traders are positioning for consolidation around current levels,' Wintermute OTC trader Jake O. said. Note, he's talking about consolidation, not declines. And traditional participants may even be too bearish. While the U.S. endured a recent credit downgrade, markets are now pricing in a 6-level cut all the way down to BBB+. On top of that, per Jake O., a recent equities market sell-off may not be a result of repositioning given higher bond yields, but rather profit-taking after nine consecutive positive sessions. Stay alert! Crypto May 22: Bitcoin Pizza Day. May 22: Top 220 TRUMP token holders will attend a gala dinner hosted by the U.S. president at the Trump National Golf Club in Washington. May 30: The second round of FTX repayments starts. May 31 (TBC): Mezo mainnet launch. Macro Day 3 of 3: Canadian Finance Minister François-Philippe Champagne and Bank of Canada Governor Tiff Macklem will co-host the three-day meeting of G7 finance ministers and central bank governors in Banff, Alberta. May 22, 8 a.m.: Mexico's National Institute of Statistics and Geography releases (final) Q1 GDP growth data. GDP Growth Rate QoQ Est. 0.2% vs. Prev. -0.6% GDP Growth Rate YoY Est. 0.8% vs. Prev. 0.5% May 22, 8:30 a.m.: Statistics Canada releases April producer price inflation data. PPI MoM Est. -0.5% vs. Prev. 0.5%. PPI YoY Prev. 4.7%. May 22, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended May 17. Initial Jobless Claims Est. 230K vs. Prev. 229K May 23, 8:30 a.m.: Statistics Canada releases (Final) March retail sales data. Retail Sales MoM Est. 0.7% vs. Prev. -0.4% Retail Sales YoY Prev. 4.7% May 23, 10 a.m.: The U.S. Census Bureau releases April new single-family homes data. New Home Sales Est. 0.692M vs. Prev. 0.724M New Home Sales MoM Prev. 7.4% Earnings (Estimates based on FactSet data) May 28: NVIDIA (NVDA), post-market, $0.88 Governance votes & calls Arbitrum DAO is voting on launching 'The Watchdog,' a 400,000-ARB bounty program to reward community sleuths for uncovering misuse of the hundreds of millions in grants, incentives and service budgets the DAO has deployed. Voting ends May 23. Lido DAO is voting on adopting Dual Governance (LIP-28), a protocol upgrade that inserts a dynamic timelock between DAO decisions and execution so stETH holders can escrow tokens to pause proposals at 1% of TVL or fully block and 'rage-quit' at 10%. Voting ends May 28. Arbitrum DAO is voting on a constitutional AIP to upgrade Arbitrum One and Arbitrum Nova to ArbOS 40 'Callisto,' bringing them in line with Ethereum's May 7 Pectra upgrade. The proposal schedules activation for June 17, and voting ends on May 29. May 22: Official Trump to announce its 'next Era' on the day of the dinner for its largest holders. June 10: to host an analyst call followed by a Q&A session. Unlocks May 31: Optimism (OP) to unlock 1.89% of its circulating supply worth $24.67 million. June 1: Sui (SUI) to unlock 1.32% of its circulating supply worth $182.58 million. June 1: ZetaChain (ZETA) to unlock 5.34% of its circulating supply worth $11.99 million. June 12: Ethena (ENA) to unlock 0.7% of its circulating supply worth $16.78 million. June 12: Aptos (APT) to unlock 1.79% of its circulating supply worth $61.86 million. Token Launches June 1: Staking rewards for staking ERC-20 OM on MANTRA Finance end. June 16: Advised deadline to unstake stMATIC as part of Lido on Polygon's sunsetting process ends. Day 3 of 7: Dutch Blockchain Week (Amsterdam) Day 3 of 3: Avalanche Summit London Day 3 of 3: Seamless Middle East Fintech 2025 (Dubai) Day 2 of 2: Crypto Expo Dubai Day 2 of 2: Cryptoverse Conference (Warsaw) May 27-29: Bitcoin 2025 (Las Vegas) May 27-30: Web Summit Vancouver May 29: Stablecon (New York) May 29-30: Litecoin Summit 2025 (Las Vegas) May 29-June 1: Balkans Crypto 2025 (Tirana, Albania) June 2-7: SXSW London June 15-17: G7 2025 Summit (Kananaskis, Alberta, Canada) June 19-21: BTC Prague 2025 By Shaurya Malwa The HYPE token is in focus after a billion-dollar bitcoin trade boosted Hyperliquid's fundamentals. Pseudonymous trader James Wynn opened a $1.1 billion long on BTC using 40x leverage via Hyperliquid in one of the largest on-chain DEX trades ever recorded. The position, tied to wallet "0x507," was entered when BTC was priced at $108K and now sits on over $40 million in unrealized profit. Wynn booked partial profits early Thursday by closing 540 BTC (~$60 million), to net $1.5 million. His prior exits were followed by BTC declines, so traders are watching closely, as reported. Hyperliquid runs on its custom L1, HyperEVM, using the HyperBFT consensus (200K+ TPS) with CEX-level features like real-time order books and deep liquidity — no KYC required. The platform's permissionless design and lightning-fast execution are increasingly drawing capital from centralized venues to DeFi , and this trade could set a precedent for whale activity. HYPE jumped 15% in the past 24 hours on renewed attention and usage-driven speculation. Analyzing the liquidations heatmap of the BTC-USDT pair on Binance, the largest liquidations cluster around $108.5K and $106.9K with liquidations worth $143 million and $112.5 million, respectively. Meanwhile, BTC the options market swells post-breakout, with open interest on Deribit climbing above $34 billion, just shy of the all-time high of $35.9 billion set in December. The bulk of this positioning is centered on the 30 May expiry, which now holds over $9 billion in notional value to become a key date for potential volatility. Bullish sentiment is clearly in control, with traders aggressively targeting upside via calls. Strikes at $100K, $120K and $150K have attracted particularly large open interest, reflecting growing conviction in a continued rally. Put/call ratios underscore this shift in sentiment — the 24-hour volume ratio has dropped to 0.49, while the open interest ratio sits at 0.60, indicating a meaningful tilt toward bullish exposure following BTC's move above $110K. Near-term options activity is also picking up, with weekly and monthly contracts seeing notable inflows. Traders appear to be positioning for further momentum or short-term price swings in the wake of the breakout. BTC is up 1.19% from 4 p.m. ET Wednesday at $110,690.36 (24hrs: +4.05%) ETH is up 6.19% at $2,662.72 (24hrs: +5.23%) CoinDesk 20 is up 3.64% at 3,348.63 (24hrs: +4.88%) Ether CESR Composite Staking Rate is unchanged at 3.03% BTC funding rate is at 0.03% (10.95% annualized) on Binance DXY is up 0.25% at 99.81 Gold is down 0.26% at $3,305.6/oz Silver is down 0.83% at $33.17/oz Nikkei 225 closed -0.84% at 36,985.87 Hang Seng closed -1.19% at 23,544.31 FTSE is down 0.68% at 8,726.62 Euro Stoxx 50 is down 0.96% at 5,402.31 DJIA closed on Wednesday -0.91% at 41,860.44 S&P 500 closed -1.61% at 5,844.61 Nasdaq closed -1.41% at 18,872.64 S&P/TSX Composite Index closed -0.83% at 25,839.17 S&P 40 Latin America closed -1.31% at 2,597.38 U.S. 10-year Treasury rate is down 2 bps at 4.58% E-mini S&P 500 futures are unchanged at 5,865.50 E-mini Nasdaq-100 futures are up 0.15% at 21,188.50 E-mini Dow Jones Industrial Average Index futures are down 0.17% at 41,875.00 BTC Dominance: 63.90 (-0.62%) Ethereum to bitcoin ratio: 0.02409 (3.52%) Hashrate (seven-day moving average): 875 EH/s Hashprice (spot): $58.24 Total Fees: 7.89 BTC / $847,124 CME Futures Open Interest: 160,740 BTC BTC priced in gold: 33.4 oz BTC vs gold market cap: 9.47% Bitcoin reached a new all-time high of $111,875 this morning, breaking decisively above the previous peak just above $109,000 set in January. With a confirmed close above that level and no sign of a swing failure pattern, the bias remains firmly tilted toward continued upside. In the near term, BTC may encounter resistance around the $112,000–$113,000 range, aligning with a trendline drawn from the prior highs in December and January. However, last week's consolidation above $100,000 — and the successful reclaim of the previous all-time high — suggest this area is now acting as short-term support. A pullback below $100,000, especially into the weekly order block, would likely represent a healthy correction within the broader uptrend and could offer a compelling reentry opportunity if further downside is seen. Strategy (MSTR): closed on Wednesday at $402.69 (-3.41%), up 1.73% at $409.67 in pre-market Coinbase Global (COIN): closed at $258.99 (-0.91%), up 2.78% at $266.20 Galaxy Digital Holdings (GLXY): closed at C$31 (+1.57%) MARA Holdings (MARA): closed at $15.84 (-2.16%), up 4.42% at $16.54 Riot Platforms (RIOT): closed at $8.84 (-1.01%), up 3.39% at $9.14 Core Scientific (CORZ): closed at $10.78 (-1.28%), up 1.48% at $10.94 CleanSpark (CLSK): closed at $10.11 (+4.23%), up 4.65% at $10.58 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $17.75 (-1.33%) Semler Scientific (SMLR): closed at $44.89 (+7.19%), up 6.01% at $47.59 Exodus Movement (EXOD): closed at $32.76 (-5.07%), unchanged in pre-market Spot BTC ETFs: Daily net flow: $607.1 million Cumulative net flows: $43.35 billion Total BTC holdings ~ 1.19 million Spot ETH ETFs Daily net flow: $0.6 million Cumulative net flows: $2.61 billion Total ETH holdings ~ 3.49 million Source: Farside Investors The chart shows bitcoin open interest has hit a new all-time high. Most OI is concentrated on major centralized exchanges, with Hyperliquid showing solid growth. Bitcoin Smashes Past $111K, Setting New Record Highs, on Institutional Fervor (CoinDesk): Bitcoin hit an all-time high above $111,800 Thursday, surpassing Wednesday's record. Bitcoin's Rally to Record Highs Puts Focus on $115K Where an 'Invisible Hand' May Slow Bull Run (CoinDesk): The rally may face resistance near $115,000 as options dealers with positive gamma exposure hedge by selling into price strength, creating contrarian flows that could limit further upside. King Dollar Falls, Bitcoin Marches Toward Sound Money Highs (CoinDesk): Despite soaring 50% from April lows and outperforming tech stocks and Treasuries, bitcoin has yet to reclaim its all-time highs against traditional safe havens such as gold and silver. GOP Leaders Make Last-Minute Changes to Trump Tax Bill (The Wall Street Journal): Republicans aim to extend and expand Trump's 2017 tax cuts while covering only part of the cost, raising concerns over delayed spending curbs and worsening budget deficits. Japan's Possible Response to Rise in Super-Long Bond Yields (Reuters): Yields on these bonds are spiking amid concerns about large tax cuts and increased government spending. The central bank is likely to consider technical tweaks while avoiding broader intervention. Russia's Struggling War Economy Might Be What Finally Drives Moscow to the Negotiating Table (CNBC): Mounting pressure from inflation, falling oil revenues and depleted military reserves may eventually force Moscow into real peace talks. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Crypto Daybook Americas: Retail Shift to Riskier Tokens Jolts Bitcoin, Ether
By Francisco Rodrigues (All times ET unless indicated otherwise) The cryptocurrency market pulled back over the last 24 hours, led by declines in major coins as retail investors switched out of large-cap tokens and into smaller, more speculative assets. Both bitcoin BTC and ether ETH dropped around 2% and the CoinDesk 20 Index (CD20), a measure of the broad market, fell 2.7%. "We've observed a significant week-on-week increase in retail participation, reinforcing the broader narrative of rising optimism," said Jake O., an over-the-counter trader at Wintermute. 'The shift down the risk curve is most evident in retail screen flows.' Institutional investors, for their part, have been more conservative. They're still stocking up on bitcoin, ether and XRP, while easing off positions in solana SOL which has faced 'sustained pressures.' 'Some are viewing SOLETH underperformance as an opportunity to position for Solana topside,' Jake noted, pointing to steady buying in $200 Solana call options ahead of June and July. Other options activity suggests traders are hedging for volatility ahead. Call spreads on ether were unwound and some traders moved into collar structures — strategies often used to protect against price swings — signaling caution after recent gains. The growing hedging activity adds a note of caution to retail's swing to speculation. Economic uncertainty, lingering inflation pressures and U.S. tariff policy are all weighing on risk appetite in crypto as well as traditional markets. Global asset managers, in fact, currently have their largest underweight position in the U.S. dollar in 19 years. Even though President Donald Trump secured a major investment deal with Qatar and a temporary reduction in U.S.-China tariffs, these outcomes may lead to further downside: Spanish bank Bankinter said in a note that the market has shown fatigue over the last trading session. 'We still think the damage is done: both EPS and prices should feel the strain, with rising inflationary pressures preventing the Fed from cutting rates as much as the market expects,' the bank's analysts wrote. Market participants are set to now focus on producer price inflation and retail sales data, as well as on Fed Chair Jerome Powell's speech later today. For the crypto market, a re-test of the all-time high isn't out of the picture. 'Looking ahead, we believe there is further room for digital assets to rally, especially as Coinbase's inclusion into the S&P 500 on 19 May draws closer,' Singapore-based QCP Capital wrote. Stay alert! Crypto: May 16, 9:30 a.m.: Galaxy Digital Class A shares to begin trading on the Nasdaq under the ticker symbol GLXY. May 19: CME Group is expected to launch its cash-settled XRP futures. May 19: Coinbase Global (COIN) will replace Discover Financial Services (DFS) in the S&P 500, effective before the opening of trading. Macro May 15, 8 a.m.: The Brazilian Institute of Geography and Statistics releases March retail sales data. Retail Sales MoM Est. 1% vs. Prev. 0.5% Retail Sales YoY Est. -0.5% vs. Prev. 1.5% May 15, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases April producer price inflation data. Core PPI MoM Est. 0.3% vs. Prev. -0.1% Core PPI YoY Est. 3.1% vs. Prev. 3.3% PPI MoM Est. 0.2% vs. Prev. -0.4% PPI YoY Est. 2.5% vs. Prev. 2.7% May 15, 8:30 a.m.: The U.S. Census Bureau releases April retail sales data. Retail Sales MoM Est. 0% vs. Prev. 1.5% Retail Sales YoY Prev. 4.9% May 15, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended May 10. Initial Jobless Claims Est. 229K vs. Prev. 228K May 15, 8:40 a.m.: Fed Chair Jerome H. Powell will deliver a speech ("Framework Review") in Washington. Livestream link. May 16, 10 a.m.: The University of Michigan releases (Preliminary) May U.S. consumer sentiment data. Michigan Consumer Sentiment Est. 53 vs. Prev. 52.2 Earnings (Estimates based on FactSet data) May 15: Bit Digital (BTBT), post-market, -$0.05 May 15: Bitdeer Technologies Group (BTDR), pre-market, -$0.42 May 15: Fold Holdings (FLD), post-market, N/A May 15: KULR Technology Group (KULR), post-market, N/A May 28: NVIDIA (NVDA), post-market, $0.88 Governance votes & calls Uniswap DAO is voting on a proposal to fund the integration of Uniswap V4 on Ethereum in Oku and add Unichain on Oku in a bid to enhance Uniswap's reach and liquidity migration to V4. Voting ends May 18. May 15, 11 a.m.: Yield Guild Games to host a Q1 2025 community update Ask Me Anything (AMA) session. May 15, 10 a.m.: Moca Network to host a Discord townhall session discussing network updates. May 21, 6 p.m.: Theta Network to host an Ask Me Anything session in a livestream. Unlocks May 15: Starknet (STRK) to unlock 4.09% of its circulating supply worth $23.53 million. May 15: Sei (SEI) to unlock 1.09% of its circulating supply worth $14.22 million. May 16: Immutable (IMX) to unlock 1.35% of its circulating supply worth $17.8 million. May 16: Arbitrum (ARB) to unlock 1.95% of its circulating supply worth $39.06 million. May 17: Avalanche (AVAX) to unlock 0.4% of its circulating supply worth $42.84 million. Token Launches May 15: RIZE (RIZE) to list on Kraken. May 16: Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ) to be delisted from Coinbase. CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. Day 2 of 3: CoinDesk's Consensus 2025 (Toronto) May 19-25: Dutch Blockchain Week (Amsterdam, Netherlands) May 20-22: Avalanche Summit London May 20-22: Seamless Middle East Fintech 2025 (Dubai) May 21-22: Crypto Expo Dubai May 21-22: Cryptoverse Conference (Warsaw, Poland) May 27-29: Bitcoin 2025 (Las Vegas) May 27-30: Web Summit Vancouver May 29: Stablecon (New York) May 29-30: Litecoin Summit 2025 (Las Vegas) BTC and ETH perpetual futures open interest ticked up alongside an overnight spot price pullback, but funding rates remain positive. Perhaps traders are buying the dip. Open interest in XRP perpetual futures has dropped, signaling an unwinding of longs. Ether futures open interest on the CME has increased from roughly 685K ETH to 955K ETH in a week, reaching the highest since March 11. BTC CME futures have yet to see a similar uptick. On Deribit, ETH risk reversals at the front-end have flipped negative to show bias for puts, or downside protection. BTC calls continue to trade at a premium. OTC tech platform Paradigm noted mixed flows, with OTM BTC put spreads both bought and sold, while ETH OTM call spreads continued to be lifted. BTC is down 1.49% from 4 p.m. ET Wednesday at $101,906.02 (24hrs: -1.52%) ETH is down 2.54% at $2,540.80 (24hrs: -2.58%) CoinDesk 20 is down 2.79% at 3,204.04 (24hrs: -3.66%) Ether CESR Composite Staking Rate is down 1 bps at 3.11% BTC funding rate is at 0.0045% (4.8968% annualized) on Binance DXY is down 0.29% at 100.75 Gold is down 0.59% at $3,168.30/oz Silver is down 0.85% at $32/oz Nikkei 225 closed -0.98% at 37,755.51 Hang Seng closed -0.79% at 23,453.16 FTSE is up 0.14% at 8,596.60 Euro Stoxx 50 is down 0.54% at 5,374.02 DJIA closed on Wednesday -0.21% at 42,051.06 S&P 500 closed +0.1% at 5,892.58 Nasdaq closed +0.72% at 19,146.81 S&P/TSX Composite Index closed +0.3% at 25,692.45 S&P 40 Latin America closed +0.18% at 2,645.42 U.S. 10-year Treasury rate is down 3 bps at 4.51% E-mini S&P 500 futures are down 0.51% at 5,878.25 E-mini Nasdaq-100 futures are down 0.72% at 21,239.50 E-mini Dow Jones Industrial Average Index futures are down 0.32% at 41,982.00 BTC Dominance: 62.77 (+0.31%) Ethereum to bitcoin ratio: 0.02490 (-1.23%) Hashrate (seven-day moving average): 861 EH/s Hashprice (spot): $54.63 Total Fees: 7.21 BTC / $747,357.79 CME Futures Open Interest: 149,720 BTC BTC priced in gold: 31.9 oz BTC vs gold market cap: 9.04% While BTC has pulled back from the recent high of $105,700 to under $102,000, it's broader upward trajectory remains intact. A break below $100,000 would invalidate the trend channel from April 9 lows, potentially leading to a deeper pullback. Strategy (MSTR): closed on Wednesday at $416.75 (-1.15%), down 2.35% at $406.95 in pre-market Coinbase Global (COIN): closed at $263.41 (+2.53%), down 3.39% at $254.48 Galaxy Digital Holdings (GLXY): closed at $31.96 (+8.74%) MARA Holdings (MARA): closed at $15.87 (-3.05%), down 2.52% at $15.47 Riot Platforms (RIOT): closed at $8.91 (-1.66%), down 2.24% at $8.71 Core Scientific (CORZ): closed at $10.32 (+0.78%), down 1.55% at $10.16 CleanSpark (CLSK): closed at $9.61 (-3.9%), down 2.29% at $9.39 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $16.95 (-1.45%), down 1.71% at $16.66 Semler Scientific (SMLR): closed at $32.54 (-11.34%), down 1.72% at $31.98 Exodus Movement (EXOD): closed at $34.88 (-17.03%), unchanged in pre-market Spot BTC ETFs: Daily net flow: $319.5 million Cumulative net flows: $41.37 billion Total BTC holdings ~ 1.17 million Spot ETH ETFs Daily net flow: $63.5 million Cumulative net flows: $2.55 billion Total ETH holdings ~ 3.44 million Source: Farside Investors The chart shows a sharp rise in the number of open ETH futures bets on the Chicago Mercantile Exchange. The surge indicates growing institutional participation in the second-largest cryptocurrency. CFTC's Pham Said to Plot Exit, Agency May Be Left Without a Party Majority (CoinDesk): If Brian Quintenz is confirmed as CFTC chair, he would replace a departing Democrat, while two Republicans also plan to leave, potentially reducing the five-member agency to just two commissioners. Altcoin Season Could Heat Up in June and Drain Part of Bitcoin's $2T Market Cap, Analyst Says (CoinDesk): Bitcoin's dominance rate fell from 65% to 62% in a week, signaling a shift toward altcoins. Analyst Joao Wedson says dominance will drop further. Trump Says U.S. Close to a Nuclear Deal With Iran (Reuters): Talks remain complicated by sharp disagreements and Tehran's continued uranium enrichment. Group of 21 Economies — Including U.S. and China — Warns of Growth Slowdown Over Trade Tensions (CNBC): The Asia Pacific Economic Cooperation (APEC) forecasts growth will slow to 2.6% this year from 3.6% in 2024, citing tariffs and non-tariff barriers as factors undermining business confidence. ARK Invest Bought $9.4M Worth of eToro Shares on Trading Platform's Debut (CoinDesk): Cathie Wood's firm bought 140,000 ETOR shares as the stock jumped 29% from its $52 open on stronger-than-expected demand. U.K. Economy Raced at Start of Year but Slowdown Looms (The Wall Street Journal): Despite outpacing the U.S. and eurozone with 0.7% first-quarter growth, rising employer taxes and wage costs have dented business confidence, pointing to weaker performance later this year and in 2026. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-04-2025
- Business
- Business Wire
BitGo Launches Expansion of Solana Staking Rewards With Marinade Labs
NEW YORK--(BUSINESS WIRE)--BitGo, the leading custodian and prime broker for Solana, today announced the expansion of its Solana staking rewards program through a new integration with Marinade Native, one of Solana's most popular staking protocols developed by web3 software development company Marinade Labs. BitGo clients can now start staking their Solana securely from within their BitGo wallets using Marinade Native, unlocking highly competitive staking rewards while maintaining full control of their assets. Two elements of Marinade Native set it apart from other staking options: its Stake Auction Marketplace (SAM) and its Protected Staking Rewards (PSR). When a BitGo client stakes with Marinade, they are not delegating to a validator run by Marinade. Instead, multiple validators bid on the delegated Solana. Marinade's protocol passes validator rewards back to the user, giving them a higher-than-market-average staking rewards rate. Additionally, BitGo clients retain custody of their Solana while staking with Marinade Native; staking rewards are earned while their Solana remains securely in their wallets. Marinade's staking protocol is also embedded with protected staking rewards. This feature protects Marinade stakers, as it reimburses stakers for any unexpected underperformance of a validator in the stake pool (such as through commission changes or prolonged downtime). Validators that partner with Marinade sign onto an onchain bond with Marinade. This is done through an onchain bond created by Marinade, and each validator in the pool is required to cover 100% of the rewards lost when their uptime falls between 50% and 99%. 'BitGo is committed to providing the best infrastructure and highest potential rewards for our clients to engage with Solana's explosive growth,' said Jake O., Head of Ecosystem Sales at BitGo. 'Through our integration with Marinade, our clients can stake Solana with confidence while contributing to the decentralization and security of the network.' 'Anyone invested in the future of Solana should be staking,' said Michael Repetný, CEO of Marinade Labs. 'And when ecosystem leaders like BitGo make a fully non-custodial option available for them to do so, it makes it easier for everyone - from individuals to institutions - to tap into Solana's staking economy. BitGo clients maintain complete control of their assets while staking with Marinade and contribute significantly to the security and decentralization of the Solana blockchain thanks to the automatic delegation of their stake to a diverse set of well-vetted, high-performing validators.' "This integration with BitGo is a testament to how far staking, especially institutional-level staking on Solana, has come. It's now a core component of institutional cryptoasset investment strategies," said Hadley Stern, CCO at Marinade Labs. "By working with a trusted qualified custodian like BitGo, we're ensuring that institutions have the secure, transparent, and non-custodial solutions they need to participate in the staking economy with confidence." Since its launch last year, Marinade Native has rapidly grown to become one of the largest staking solutions on Solana, offering institutions and retail users a way to stake securely while reinforcing the decentralization of the Solana network. More than 4.48m Solana in TVL has been staked through Marinade Native to date. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit About Marinade Labs & Marinade Native Marinade Labs develops staking technologies that strengthen Solana. In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the Solana market. We have solutions for both DeFi and TradFi, including liquid and native staking and direct enterprise integrations. Our best-in-market features include SOCII compliance, user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit
Yahoo
24-04-2025
- Business
- Yahoo
Crypto Daybook Americas: Traders Bet Big on $110K by June as BTC Dominance Grows Amid Trade Turmoil
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin's (BTC) status as a haven in the context of broader financial markets may be up for debate, but within crypto it's hardly questionable. Cryptocurrency prices have fallen across the board over the last 24 hours, yet bets on BTC's dominance keep growing. The market's sell-off comes amid profit-taking and conflicting messages from the Trump administration over its trade war with China. Those comments cooled a rally that started after President Donald Trump signaled he would not remove Federal Reserve Chair Jerome Powell and suggested a softer stance on trade with China. That helped the price of bitcoin to approach $95,000 before it dropped back to $92,200. The pullback followed comments from Treasury Secretary Scott Bessent, who said there's no unilateral plan to lift U.S. tariffs on Chinese goods, contradicting Trump's suggestion that tariff rates could drop in the coming weeks. Investors struggled to interpret the policy direction as Trump also hinted at a 'fair deal' with the world's second-largest economy. The uncertainty revealed a shift toward bitcoin in the crypto space. The broader CoinDesk 20 (CD20) index lost 3.75% of its value over the last 24 hours, compared with BTC's 2% drop. Institutional traders' preference for BTC is shown by a Binance futures contract tracking the cryptocurrency's dominance. It's traded at a 76% premium for the one-year forward, indicating traders expect BTC to retain an edge over altcoins in the coming months, according to an emailed statement from Jake O., an OTC trader at Wintermute. Options trading further illustrates this positioning. Large bets were placed on bitcoin hitting $110,000 by June, according to Jake O., with traders simultaneously selling calls at $140,000 and $170,000 for September and December — a calendar spread that signals short-term optimism and long-term caution. Similar activity emerged in May $110,000 calls, where growing gamma exposure points to increasing sensitivity in the market to price swings. Still, long-term crypto holders remain unfazed as data shows they keep accumulating. For now, the markets remain reactive to the signals coming out of Washington, which given their softer stance also led to a gold dropping to $3,350 per ounce from more than $3,500. Stay alert! Crypto: April 25, 1 p.m.: U.S. Securities and Exchange Commission (SEC) Crypto Task Force Roundtable on "Key Considerations for Crypto Custody". April 28: Enjin Relaychain increases active validator slots to 25 from 15 to enhance decentralization. April 29, 1:05 a.m.: BNB Chain (BNB) — BSC mainnet hardfork. April 30, 9:30 a.m.: ProShares expects its XRP ETF, offering exposure through futures and swap agreements, to begin trading on NYSE Arca. April 30, 10:03 a.m.: Gnosis Chain (GNO), an Ethereum sister chain, will activate the Pectra hard fork on its mainnet at slot 21,405,696, epoch 1,337,856. Macro Day 4 of 6: World Bank (WB) and the International Monetary Fund (IMF) spring meetings in Washington. April 24, 8:30 a.m.: The U.S. Census Bureau releases March manufactured durable goods orders data. Durable Goods Orders MoM Est. 2% vs. Prev. 0.9% Durable Goods Orders Ex Defense MoM Est. 0.2% vs. Prev. 0.8% Durable Goods Orders Ex Transp MoM Est. 0.2% vs. Prev. 0.7% April 24, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended April 19. Initial Jobless Claims Est. 221K vs. Prev. 215K April 25, 10:00 a.m.: The University of Michigan releases (Final) April U.S. consumer sentiment data. Michigan Consumer Sentiment Est. 50.8 vs. Prev. 57 Earnings (Estimates based on FactSet data) April 29: PayPal Holdings (PYPL), pre-market, $1.16 April 30: Robinhood Markets (HOOD), post-market, $0.33 May 1: Block (XYZ), post-market, $0.97 May 1: Reddit (RDDT), post-market, $0.02 May 1: Riot Platforms (RIOT), post-market, $-0.23 Governance votes & calls Lido DAO is voting to extend its delegate incentivization program (DIP) through Q4 with a $225,000 LDO budget. Voting ends April 28. Uniswap DAO will vote on establishing a licensing and deployment framework for Uniswap v4 to accelerate its adoption across multiple chains. The proposal grants the Uniswap Foundation a blanket exemption to deploy v4 on any DAO-approved chain and gives the Uniswap Accountability Committee authority to update deployment records. Voting occurs April 24-April 30. April 24, 8 a.m.: Alchemy Pay to host an Ask Me Anything (AMA) session on its 2025 roadmap. April 24, 9 a.m.: IOTA to host an X spaces session on staking, validators and the mainnet launch. April 24, 8 a.m.: Ronin to host a town hall meeting. April 30, 12 p.m.: Helium to host a community call meeting. Unlocks April 30: Optimism (OP) to unlock 1.89% of its circulating supply worth $23.45 million. May 1: Sui (SUI) to unlock 2.28% of its circulating supply worth $221.99 million. May 1: ZetaChain (ZETA) to unlock 5.67% of its circulating supply worth $11.28 million. May 2: Ethena (ENA) to unlock 0.73% of its circulating supply worth $13.69 million. May 7: Kaspa (KAS) to unlock 0.56% of its circulating supply worth $13.91 million. May 9: Movement (MOVA) to unlock 2.04% of its circulating supply worth $11.33 million. Token Launches April 24: Initia (INIT) to be listed on Binance, CoinW, WEEX, KuCoin, MEXC and others. May 2: Binance to delist Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB) and Wing Finance (WING). May 5: Sonic (S) to be listed on Kraken. CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. Day 3 of 3: Money20/20 Asia (Bangkok) Day 2 of 2: Blockchain Forum 2025 (Moscow) Day 2 of 3: Semafor's World Economy Summit 2025 (Washington) April 24: Bitwise's Investor Day for Bitcoin Standard Corporations (New York) April 26: Crypto Vision Conference 2025 (Manilla) April 26-27: Harvard Blockchain in Action Conference (Cambridge, Mass.) April 27: N Crypto Conference 2025 (Kyiv) April 27-30: Web Summit Rio 2025 April 28-29: Blockchain Disrupt 2025 (Dubai) April 28-29: Staking Summit Dubai April 29: El Salvador Digital Assets Summit 2025 (San Salvador, El Salvador) April 29: IFGS 2025 (London) April 30-May 1: TOKEN2049 (Dubai) By Shaurya Malwa Infrared, a liquid staking platform on Berachain, late Wednesday introduced a points program to reward users before its token debuts in the third quarter. Points have no fixed supply and are earned through activities like staking or providing liquidity. Users earn points by contributing to Infrared's liquidity vaults, providing liquidity on exchanges like Kodiak and BEX, or staking iBGT and iBERA tokens. Longer participation increases points. Infrared leads Berachain's ecosystem with $1.5 billion in total value locked. The program includes retroactive rewards since Infrared's February launch, and will run for about three months. Users can track points in real time on a dashboard, with additional rewards through partners like Pendle. Points will convert to Infrared's native token at a ratio to be announced closer to the token launch. Notional open interest in bitcoin CME options has climbed to $5 billion, the most since November. Open interest in the CME futures has bounced to over $12 billion, but remains well below the December peak of $22.7 billion, pointing to persistent caution. BTC CME futures basis suggests the same, still hovering under an annualized 10%. On offshore exchanges, open interest in perpetual futures exchanges has dropped with the overnight BTC price pullback. This suggests the weakness is likely led by profit-taking rather than an influx of fresh shorts. In altcoins, NEAR, UNI and PEPE futures have seen the most increase in open interest in the past 24 hours. On Deribit, BTC, ETH skews continue to show a bias for calls across time frames. Traders are increasingly selling cash-secured put options tied to BTC, Lin Chen, Deribit's business development head told CoinDesk. BTC is down 1.36% from 4 p.m. ET Wednesday at $92,411.92 (24hrs: -1.76%) ETH is down 2.94% at $1,743.77 (24hrs: -2.66%) CoinDesk 20 is down 2.21% at 2,669.87 (24hrs: -3.02%) Ether CESR Composite Staking Rate is up 10 bps at 3.125% BTC funding rate is at 0.0069% (7.5873% annualized) on Binance DXY is down 0.45% at 99.40 Gold is up 2.19% at $3,347.90/oz Silver is down 0.57% at $33.33/oz Nikkei 225 closed +0.49% at 35,039.15 Hang Seng closed -0.74% at 21,909.76 FTSE is down 0.3% at 8,378.12 Euro Stoxx 50 is down 0.74% at 5,060.91 DJIA closed on Wednesday +1.07% at 39,606.57 S&P 500 closed +1.67% at 5,375.86 Nasdaq closed +2.5% at 16,708.05 S&P/TSX Composite Index closed +0.69% at 24,472.70 S&P 40 Latin America closed +1.28% at 2,475.90 U.S. 10-year Treasury rate is down 4 bps at 4.35% E-mini S&P 500 futures are down 0.62% at 5,368.00 E-mini Nasdaq-100 futures are down 0.86% at 18,642.25 E-mini Dow Jones Industrial Average Index futures are down 0.68% at 39,503.00 BTC Dominance: 64.56 (0.22%) Ethereum to bitcoin ratio: 0.01884 (-1.72%) Hashrate (seven-day moving average): 823 EH/s Hashprice (spot): $48.61 Total Fees: 11.29 BTC / $1,042,496 CME Futures Open Interest: 140,610 BTC BTC priced in gold: 27.8 oz BTC vs gold market cap: 7.92% The chart shows XRP, currently at $2.15, remains stuck in a downtrend that began in January. The Ichimoku cloud is capping the upside, threatening to derail the recovery rally seen since April 7. The immediate support is at $2, followed by the month's lows near $1.60. On the higher side, the cloud and the descending trendline are levels to beat for the bulls. Strategy (MSTR): closed on Wednesday at $345.73 (+0.79%), down 1.85% at $339.33 in pre-market Coinbase Global (COIN): closed at $194.80 (+2.53%), down 1.53% at $191.82 Galaxy Digital Holdings (GLXY): closed at C$18.73 (+2.86%) MARA Holdings (MARA): closed at $14.13 (+0.5%), down 2.55% at $13.77 Riot Platforms (RIOT): closed at $7.50 (+5.34%), down 2.4% at $7.32 Core Scientific (CORZ): closed at $7.12 (+2.89%), down 1.12% at $7.04 CleanSpark (CLSK): closed at $8.87 (+1.14%), down 1.92% at $8.70 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $13.51 (+3.13%), down 2.59% at $13.16 Semler Scientific (SMLR): closed at $34.28 (+3%), down 1.6% at $33.73 Exodus Movement (EXOD): closed at $44.09 (+12.5%), up 0.7% at $44.40 Spot BTC ETFs: Daily net flow: $917 million Cumulative net flows: $37.68 billion Total BTC holdings ~ 1.13 million Spot ETH ETFs Daily net flow: -$23.9 million Cumulative net flows: $2.25 billion Total ETH holdings ~ 3.33 million Source: Farside Investors The chart shows the dollar value of the number of active or open ether options contracts on Deribit. The $2,000 strike call is the most popular bet, with an open interest of over $260 million. Strikes with large open interest often act as magnets, meaning ether could rise to $2,000 in the coming days. Russia Reserves Right to Use Nuclear Arms in Event of Western Aggression — Shoigu (TASS News Agency): Russia's Security Council secretary warned that the country's defense policy permits a nuclear response to conventional attacks, including when foreign powers offer support through territory or logistics. Why Gold Became the Safe Haven of Choice as U.S. Treasuries and Dollar Sold Off (CNBC): Analysts attribute gold's strength to its inflation-hedging appeal, insulation from fiscal and monetary policy, a weaker dollar and strong buying by emerging market central banks. Bitcoin's April Rally Driven by Institutions, While Retail Flees ETFs: Coinbase Exec (CoinDesk): Bitcoin's surge to $93,000 has been driven by institutional and sovereign wealth fund accumulation, not retail ETF flows, according to Coinbase Institutional's John D'Agostino. The Dollar Has Further to Fall (Financial Times): Goldman's chief economist says the dollar is overvalued by historical standards and a cooling U.S. economy will curb foreign appetite for American assets, weakening demand for the currency. Bitcoin Traders Eye Long Term BTC Accumulation by Selling Put Options (CoinDesk): Traders are using a cash-secured approach by holding stablecoins, ensuring they can buy bitcoin if prices drop and puts are exercised at the higher strike price. Long-Term Bitcoin Holders Show Commitment, Buy More BTC Than Short-Term Holders Sell (CoinDesk): Long-term investors' holdings have increased by 635,340 BTC since January, absorbing more than what's been distributed by short-term holders at a 1.38:1 accumulation ratio. Sign in to access your portfolio
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16-04-2025
- Business
- Yahoo
Crypto Daybook Americas: Bitcoin Drop Deepens as U.S.-China Trade War Escalates
By Francisco Rodrigues (All times ET unless indicated otherwise) Cryptocurrency prices are down across the board over the last 24 hours amid a wider risk asset sell-off triggered by deepening U.S.-China trade tensions. The White House said China now 'faces up to a 245% tariff on imports' and imposed new restrictions on chip exports to the country. Bitcoin (BTC) fell more than 2.2% while the broader market, measured by the CoinDesk 20 (CD20) index, declined 3.75%. Nasdaq 100 futures are also down, losing more than 1% while S&P 500 futures dropped 0.65%. While bitcoin has remained notably stable as the trade war escalated, some metrics suggest the bull run may have ended. The largest cryptocurrency slipped below its 200-day simple moving average on March 9, suggesting 'the token's recent steep decline qualifies this as a bear market cycle starting in late March,' Coinbase Institutional said in a note A risk-adjusted performance measured in standard deviations known as the Z-Score shows the bull cycle ended in late February, with subsequent activity seen as neutral, according to Coinbase Institutional's global head of research, David Duong. Still, the resilience cryptocurrency prices have shown is 'undoubtedly good for the market,' as it lets traders 'look more seriously at using premium to hedge — supporting the case for allocating into spot,' said Jake O., an OTC trader at crypto market maker Wintermute. 'In response, several prime brokers have shifted their short-term models from underweight to neutral on risk assets, noting that the next move will likely be driven by 'real' data,' Jake O. Said in an emailed statement. That 'real data' is coming in soon enough, with the U.S. Census Bureau set to release March retail sales data, and Fed Chair Jerome Powell delivering a speech on economic outlook. Tomorrow, the U.S. Department of Labor releases unemployment insurance data and the Census Bureau releases residential construction data, while the ECB is expected to cut interest rates. The shakiness in risk assets has benefited gold. The precious metal is up around 26.5% year-to-date to above $3,300 per troy ounce, contrasting with the U.S. Dollar Index's 9% drop. Stay alert! Crypto: April 16: HashKey Chain (HSK) mainnet upgrade enhances network stability and fee control capabilities. April 16, 9:30 a.m.: Spot solana (SOL) ETFs with support for staking rewards, from asset managers Purpose, Evolve, CI and 3iQ, are expected to begin trading on the Toronto Stock Exchange. April 17: EigenLayer (EIGEN) activates slashing on Ethereum mainnet, enforcing penalties for operator misconduct. April 18: Pepecoin (PEP), a layer-1, proof-of-work blockchain, undergoes its second halving, reducing block rewards to 15,625 PEP per block. April 20, 11 p.m.: BNB Chain (BNB) — opBNB mainnet hardfork. April 21: Coinbase Derivatives will list XRP futures pending approval by the U.S. Commodity Futures Trading Commission (CFTC). Macro April 16, 8:30 a.m.: The U.S. Census Bureau releases March retail sales data. Retail Sales MoM Est. 1.3% vs. Prev. 0.2% Retail Sales YoY Prev. 3.1% April 16, 9:45 a.m.: Bank of Canada releases its latest interest-rate decision, followed by a press conference 45 minutes later. Policy Interest Rate Est. 2.75% vs. Prev. 2.75% April 16, 1:30 p.m.: Fed Chair Jerome H. Powell will deliver an 'Economic Outlook' speech. Livestream link. April 17, 8:30 a.m.: U.S. Census Bureau releases March new residential construction data. Housing Starts Est. 1.42M vs. Prev. 1.501M Housing Starts MoM Prev. 11.2% April 17, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended April 12. Initial Jobless Claims Est. 225K vs. Prev. 223K April 17, 7:30 p.m.: Japan's Ministry of Internal Affairs & Communications releases March consumer price index (CPI) data. Core Inflation Rate YoY Est. 3.2% vs. Prev. 3% Inflation Rate MoM Prev. -0.1% Inflation Rate YoY Prev. 3.7% Earnings (Estimates based on FactSet data) April 22: Tesla (TSLA), post-market April 30: Robinhood Markets (HOOD), post-market Governance votes & calls GMX DAO is discussing the establishment of a GMX Reserve on Solana, which would involve bridging $500,000 in GMX to the Solana network and transferring the funds to the GMX-Solana Treasury. Treasure DAO is discussing handing authority to the core contributor team to wind down and shut down Treasure Chain infrastructure on ZKsync and manage the primary MAGIC-ETH protocol-owned Liquidity pool given the 'crucial financial situation' of the protocol. April 16, 7 a.m.: Aergo to host an ask me anything (AMA) session on the future of decentralized artificial intelligence and the project. April 16, 3 p.m.: Zcash to host a town hall on LockBox distribution & governance. April 17, 11 a.m.: Starknet to host a governance call to discuss how to improve Cairo and the 'overall dev experience.' Unlocks April 16: Arbitrum (ARB) to unlock 2.01% of its circulating supply worth $25.77 million. April 18: Official Trump (TRUMP) to unlock 20.25% of its circulating supply worth $323.14 million. April 18: Fasttoken (FTN) to unlock 4.65% of its circulating supply worth $84 million. April 18: Official Melania Meme (MELANIA) to unlock 6.73% of its circulating supply worth $11.25 million. April 18: UXLINK (UXLINK) to unlock 11.09% of its circulating supply worth $17.19 million. April 18: Immutable (IMX) to unlock 1.37% of its circulating supply worth $9.72 million. April 22: Metars Genesis (MRS) to unlock 11.87% of its circulating supply worth $119.1 million. Token Launches April 16: Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cortex (CTXC), Cream Finance (CREAM), Firo (FIRO), Kava Lend (KAVA), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend Finance (UFT), VIDT DAO (VIDT), and aelf (ELF) to be delisted from Binance. April 22: Hyperlane to airdrop its HYPER tokens. CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. Day 3 of 3: Morocco WEB3FEST GITEX Edition (Marrakech) Day 2 of 2: BUIDL Asia 2025 (Seoul) Day 2 of 2: World Financial Innovation Series 2025 (Hanoi, Vietnam) Day 2 of 3: NexTech Week Tokyo April 22-24: Money20/20 Asia (Bangkok) April 23: Crypto Horizons 2025 (Dubai) April 23-24: Blockchain Forum 2025 (Moscow) April 24: Bitwise's Investor Day for Bitcoin Standard Corporations (New York) By Shaurya Malwa A record $12 billion worth of stablecoins were transferred on the Solana blockchain in March, a 445% increase from the $2.2 billion reported in March 2024 USDC is the dominant stablecoin at 75% of the ecosystem's total stablecoin market cap, according to DefiLlama data. Stablecoin supply doubled from $6 billion between early January and April 15, coinciding with a drop in speculative activity (such as memecoin trading) on the blockchain. Open interest in offshore BTC perpetuals and futures fell as prices retreated from $86K to nearly $83K. The drop shows lack of participation in the price decline. ETH, XRP and SOL perpetual funding rates remained negative in a sign of bias for short, or bearish, positions. The annualized BTC and ETH CME futures basis remains rangebound between 5% and 8%, showcasing caution among institutional players. Options tied to BlackRock's spot bitcoin ETF showed bias for bullish directional exposure to the upside in longer maturity options, but at the same time, priced short-term downside risks more aggressively. On Deribit, positioning remains defensive, exhibiting a bias for short and near-dated options. BTC is down 0.26% from 4 p.m. ET Tuesday at $83,823.34 (24hrs: -2.7%) ETH is down 1.23% at $1,575.79 (24hrs: -3.31%) CoinDesk 20 is down 1.67% at 2,410.72 (24hrs: -3.75%) Ether CESR Composite Staking Rate is down 16 bps at 3.02% BTC funding rate is at 0.0079% (8.6494% annualized) on Binance DXY is down 0.59% at 99.63 Gold is up 3.31% at $3,325.20/oz Silver is up 2.58% at $33.06/oz Nikkei 225 closed -1.01% at 33,920.40 Hang Seng closed -1.91% at 21,056.98 FTSE is down 0.44% at 8,212.76 Euro Stoxx 50 is down 0.79% at 4,931.25 DJIA closed on Tuesday -0.38% at 40,368.96 S&P 500 closed -0.17% at 5,396.63 Nasdaq closed unchanged at 16,823.17 S&P/TSX Composite Index closed +0.84% at 24,067.90 S&P 40 Latin America closed unchanged at 2,337.88 U.S. 10-year Treasury rate is unchanged at 4.34% E-mini S&P 500 futures are down 0.6% at 5,395.75 E-mini Nasdaq-100 futures are down 1.18% at 18,736.50 E-mini Dow Jones Industrial Average Index futures are up 2% at 40,531.00 BTC Dominance: 63.95 (0.17%) Ethereum to bitcoin ratio: 0.1881 (-1.00%) Hashrate (seven-day moving average): 890 EH/s Hashprice (spot): $44.7 Total Fees: 6.33 BTC / $484,137 CME Futures Open Interest: 135,635 BTC BTC priced in gold: 25.7 oz BTC vs gold market cap: 7.28% The Ichimoku cloud, a popular momentum indicator, is capping upside as discussed early this week. A turn lower may embolden bears, potentially yielding a re-test of the psychological support level of $80K. Strategy (MSTR): closed on Tuesday at $310.72 (-0.23%), down 1.43% at $306.27 in pre-market Coinbase Global (COIN): closed at $175.57 (-0.57%), down 1.36% at $173.18 Galaxy Digital Holdings (GLXY): closed at C$15.45 (-2.28%) MARA Holdings (MARA): closed at $12.58 (-2.86%), down 2.38% at $12.28 Riot Platforms (RIOT): closed at $6.55 (-6.56%), down 1.37% at $6.46 Core Scientific (CORZ): closed at $6.85 (-2.97%), down 2.19% at $6.70 CleanSpark (CLSK): closed at $7.28 (-6.43%), down 1.65% at $7.16 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $11.98 (-5.67%) Semler Scientific (SMLR): closed at $34.40 (+0.41%), up 2.62% at $35.30 Exodus Movement (EXOD): closed at $38.01 (-3.6%), up 5.21% at $39.99 Spot BTC ETFs: Daily net flow: $76.4 million Cumulative net flows: $35.5 billion Total BTC holdings ~ 1.11 million Spot ETH ETFs Daily net flow: -$14.2 million Cumulative net flows: $2.27 billion Total ETH holdings ~ 3.35 million Source: Farside Investors Funding rates in perpetual futures tied to the privacy-focused token monero (XMR) remain deeply negative, indicating a dominance of bearish short positions. The notable bias for shorts means a potential upswing in prices, as suggested by technical charts, could trigger a short squeeze, leading to bullish volatility boom. China's First-Quarter GDP Tops Estimates at 5.4% as Growth Momentum Continues Amid Tariff Worries (CNBC): Despite a strong first-quarter GDP, China's statistics bureau urged policies to boost domestic demand, noting U.S. export share fell to 14.7% in 2024 from 19.2% in 2018. Cardano's ADA Leads Majors Slide Amid Bitcoin Profit-Taking; ProShares Amends XRP ETF (CoinDesk): Bitcoin selling by large investors has eased, with daily sales dropping from 800,000 BTC in February to about 300,000 BTC, as they realize losses, according to CryptoQuant. Dogecoin Whales Accumulate, SOL Hints at Consolidation as Market Takes a Breather (CoinDesk): A crypto market rebound may support further gains, but confirmation likely hinges on consolidation above the 200-day moving average near $2.97 trillion, says FxPro analyst Alex Kuptsikevich. OKX to Expand to the U.S., Establish Regional Headquarters in California (CoinDesk): In February, the Seychelles-based exchange paid the DOJ $500 million to settle charges it had operated in the U.S. without a money transmitter license. Hongkong Post Suspends Goods Mail Services to US (Reuters): Hongkong Post will halt sea mail of goods to the U.S. immediately and suspend air mail from April 27, calling the end of duty-free treatment for low-value parcels a 'bullying act.' Even Without Add-Ons, Trump's 10% Tariffs Will Have a Sting (The New York Times): Trump's 10% baseline tariff may seem modest, but Oxford Economics warns the full package could shrink global trade by 5% — a drop comparable to 2020's pandemic shock. Sign in to access your portfolio
