Key Takeaways $88.88K was identified as the first major resistance level above the current bitcoin price. Underwater holder cohorts could increase sell pressure as BTC approaches key realized price bands. Sustained acceptance above $88.88K would place the most recent holder cohort back into profit. Bitcoin UTXO Age Bands Show What Could Confirm a BTC Bottom
Key Takeaways Coinbase reached 8.6% crypto trading volume market share, setting a new company high. Derivatives adoption lifted retail annualized revenue above $200 million, expanding Coinbase’s revenue mix. Base and USDC activity could further strengthen Coinbase’s role in digital payments. Coinbase Hits Record Market Share as Derivatives Revenue Tops $200 Million Coinbase Global Inc. (Nasdaq:
Key Takeaways Kalshi raised a $1B Series F led by Coatue, doubling its valuation to $22B to target institutions. As institutional trading volumes surged 800%, Kalshi’s annualized volume reached a massive $178B. Next, Kalshi will use the $1B to build tailored institutional products and chase trillions in market size. Kalshi Closes Series F Funding Round,
Key Takeaways Senate Banking leaders reportedly circulated the CLARITY Act draft text before a potential Thursday committee vote. Unresolved bracketed sections, ethics language, and stablecoin rewards remain key sticking points. Polling found 52% of voters support the CLARITY Act after a neutral description. Senate Banking Draft Moves Toward Thursday Committee Vote The Senate Banking Committee
Key Takeaways Bitcoin fell below $80,000 on May 7, erasing weekly gains after hitting a high of $82,833. Volatility triggered $270 million in liquidations and pulled the crypto market cap to $2.74 trillion. Concerns mount that President Trump may pivot to a hot war as Tehran rejects the latest U.S. proposal. The Iran Peace Deal
Key Takeaways Moon Kyung-ho of the Finance Ministry confirmed virtual asset taxation will begin on Jan. 1 next year. Over 13.26 million investors face a 22% tax on virtual asset gains exceeding 2.5 million won. The NTS is drafting final notices, with major exchanges like Upbit and Bithumb to be released in 2026. Official Stance
Key Takeaways Federal investigators are examining oil futures trades totaling more than $2.6 billion. Large bets preceded Iran-related updates that appeared to move global oil prices. Authorities are reviewing whether nonpublic information influenced the timing and scale. DOJ and CFTC Probe Oil Futures Bets Before Iran Updates The Department of Justice (DOJ) and Commodity Futures
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it plans to scale its Muskogee, Oklahoma campus to roughly 1.5 gigawatts of gross power, or about 1 gigawatt of
Key Takeaways A 2024 Coinwire study reveals 76% of X influencers promoted meme coins that collapsed into obsolescence. Mega-influencers with 200,000+ followers saw catastrophic 89% negative returns on their 90-day promotions. Quantmap’s Ivan Patriki predicts that by 2031, audience trust will outweigh simple follower counts on TikTok. The Collapse of Influence A study conducted in
CCP Games, the developer of the spaceship MMORPG EVE Online and web3 game Eve Frontier, has transitioned into an independent entity and rebranded as Fenris Creations following a $120 million USD buyout from former parent company Pearl Abyss. The transaction, which includes both cash and non-cash elements, returns the studio to a private ownership structure