Is $60K Inevitable for BTC Amid Market Weakness?
Bitcoin (BTC) continues in a broad consolidation phase following the steep declines earlier this year. The asset remains confined in a horizontal range that signals short-term indecision among market participants. While attempts to retest higher resistance levels around $75k have…
Kalshi faces new state lawsuit as gambling claims grow
Kalshi is facing a new legal challenge after Washington state sued the prediction market operator over its event-based contracts. Summary Washington sued Kalshi, alleging its contracts broke gambling and consumer protection laws in the state. Kalshi moved the Washington case…
Court Allows Nvidia Class Action Over Hidden Crypto Revenue
The SEC fined Nvidia $5.5M for not disclosing how crypto mining affected its revenue, forming part of the backdrop to the class action. A U.S. district court has allowed a class action lawsuit against Nvidia and CEO Jensen Huang…
Hyperliquid volume jumps but TradFi still rules commodity depth
Onchain commodity trading is drawing more attention as traders look for round-the-clock access to oil, gold, and index products. Summary Hyperliquid recorded $5.4 billion in macro perpetual volume as silver, oil, gold and indices led. Weekend access kept onchain markets…
Irish Police Recover $35M Bitcoin From Drug Dealer’s Lost Wallet
Collins printed his private keys on paper and hid them inside the aluminum cap of a fishing rod case that was later disposed by his landlord. Irish authorities have reportedly accessed one of 12 long-dormant Bitcoin wallets belonging to…
Bitcoin stabilizes at $66K as SIREN jumps and PI rebounds
Bitcoin held above $66,000 through most of the weekend, even as some traders expected sharper moves. Summary Bitcoin stayed above $66,000 for 36 hours after rebounding from Friday’s four-week low near $65,500. Major altcoins showed limited movement, while Bitcoin dominance…
15-20% of the Global Fleet Running in the Red
Hash price collapse driven by BTC correction and record network difficulty leaves a significant fraction of miners in the red. The current hash price environment is squeezing Bitcoin miners’ profitability. CoinShares estimates that 15-20% of the global mining fleet…
Bitfinex Bitcoin longs hit 79K BTC as Adam Back sees shift
Bitcoin margin long positions on Bitfinex have climbed to levels not seen since November 2023, drawing fresh market attention during a period of weak price action. Summary Bitfinex margin long positions climbed to 79,193 BTC, the platform’s highest level since…
Karen Hao: Profit motives drive AI development, current technologies harm society, and labor exploitation is rampant in the industry
Key takeaways AI development is driven by profit motives, potentially leading to superior civilizations. Current AI technologies are causing significant harm to people and society. AI companies exploit labor, creating cycles of layoffs and retraining. The benefits of AI are…
Crypto market recap: What happened today?
Crypto markets closed the weekend with activity spread across derivatives, token sales, regulation and ETF flows. Summary Hyperliquid’s HIP-3 market hit $5.4 billion in commodity and macro futures volume on March 23. World Assets sold 239 million WLD for $65…
