Steep Futures Unwinding May Signal a Reset Before a Potential Bullish Reversal Bitcoin’s derivatives market has undergone a significant reset over the past month, with open interest sliding sharply as the cryptocurrency works through its latest correction. Analysts now suggest that the steep decline in leveraged positioning may be setting the stage for a more sustainable recovery. Data tracked over the past 30 days shows the largest drop in Bitcoin open interest of the current cycle, with levels falling by roughly 1.3 million BTC. At current prices near the $87,500 range, the notional value of that reduction is estimated at…
Author: Blockto Team
Revealing User Country Without Opt-Out Draws Criticism From Industry Figures A new location-display feature introduced on X has triggered strong reactions across the crypto community, with several prominent industry figures warning that the update could expose users to unnecessary privacy risks. The platform now publicly shows the country an account is based in, a change that many argue was rolled out without sufficient user control or transparency. X’s product team described the update as a tool to improve platform integrity and help users verify the origins of online conversations. But within hours, privacy-focused users, developers, and crypto founders raised concerns…
A malformed transaction exposed a long-standing software bug, fracturing the Cardano network and prompting a federal investigation Cardano faced one of its most serious disruptions in its eight-year history after a deliberately crafted transaction triggered a chain split on Nov. 21, exposing a software flaw dating back to 2022. The event caused temporary network fragmentation, exchange suspensions, and a sharp 16% drop in ADA’s price, while sparking controversy over the decision to involve federal law enforcement. How the Chain Split Unfolded According to ecosystem incident reports, the disruption began around 08:00 UTC when a malformed delegation transaction bypassed validation checks…
Unexpected shutdown of Jack Mallers’ accounts renews scrutiny over alleged regulatory pressure on crypto-linked businesses The sudden closure of Strike CEO Jack Mallers’ personal accounts at JPMorgan Chase has intensified industry-wide concerns about crypto debanking in the United States. Mallers revealed that his accounts were terminated without warning and without a clear explanation — raising new questions about whether informal regulatory pressure on banks is still influencing decisions behind the scenes. Crypto Banking Access Under Pressure Mallers disclosed on X that JPMorgan had shut down his accounts last month, describing the move as “bizarre,” especially considering his family’s long-standing relationship…
Thailand’s largest crypto exchange eyes a $200 million raise amid Hong Kong’s growing appeal as a digital-asset hub Thailand-based crypto exchange Bitkub is reportedly evaluating an initial public offering (IPO) in Hong Kong, signaling a major strategic shift as the company seeks a more supportive capital market environment. Sources familiar with the discussions say the listing could target around $200 million, positioning Bitkub among the next wave of Asian digital-asset firms looking to access regional investor demand. Bitkub Turns to Hong Kong for Expansion Founded in 2018, Bitkub has grown into Thailand’s largest cryptocurrency exchange, recording over $60 million in…
Analysts Say Easing Liquidations and Rising Fed Cut Expectations Could Support Further Upside Bitcoin is showing renewed signs of strength after briefly dipping near the $82,000 level, with several market analysts now pointing to improving conditions that could help extend the recovery. Over the past week, heavy selling across risk assets eased notably, allowing the cryptocurrency to climb back toward the upper-$86,000 range. After a turbulent two-week stretch, analysts say shifting expectations around U.S. monetary policy are playing a crucial role in stabilizing sentiment. Fed rate-cut odds, which fell sharply last week, have rebounded toward 70%, adding support for risk-on…
U.S. Bitcoin Funds Log Fourth Straight Week of Withdrawals Amid Fragile Market Conditions The U.S. spot bitcoin ETF market continued to contract last week, extending its streak of negative flows as investors navigated heightened volatility and a rapid pullback in digital asset prices. New data shows that spot bitcoin ETFs saw more than $1.2 billion in net outflows, marking the fourth consecutive week of redemptions and reinforcing concerns about weakening sentiment. Weekly figures indicate that total outflows reached approximately $1.22 billion, pushing the four-week combined total to over $4.3 billion. While there were instances of buyers stepping back in—most notably…
Hedera Regains Momentum After Sharp Downtrend Hedera Hashgraph (HBAR) staged an impressive rebound, climbing back toward the $0.15 level after briefly dipping into a major demand zone. The move follows a week of heightened volatility across the crypto market, with altcoins attempting recovery from deep corrections. HBAR Rebounds From Key Support Zone On the daily chart, HBAR bounced from a critical demand region between $0.13 and $0.14, an area that has historically generated aggressive buy-side interest. The chart shows the candle wick dipping into the lower boundary before recovering sharply, suggesting that buyers aggressively defended this structural support. BitXJournal Technical…
Arbitrum researchers argue that WebAssembly offers safer long-term flexibility for Ethereum’s execution layer than Vitalik Buterin’s preferred RISC-V architecture A new technical debate has emerged within the Ethereum ecosystem after researchers from Offchain Labs, the core developers behind Arbitrum, challenged Vitalik Buterin’s proposal to shift Ethereum’s execution layer to the RISC-V instruction set architecture. Their analysis argues that WebAssembly (WASM) is a more reliable and future-proof choice for Ethereum’s Layer 1 smart contract format. Offchain Labs Challenges RISC-V as Ethereum’s Smart Contract Foundation In a detailed post published on Nov. 20, the researchers responded to Buterin’s earlier suggestion that adopting…
New spot ETFs expand investor access to Dogecoin and XRP as competition among issuers accelerates The New York Stock Exchange has officially approved Grayscale’s Dogecoin and XRP exchange-traded funds, clearing the path for both products to begin trading on Monday. The approval highlights a rapidly expanding market for crypto-backed ETFs, with asset managers racing to list products tied to high-demand digital assets. NYSE Approval Marks Final Step for DOGE and XRP ETFs NYSE Arca submitted filings to certify its approval for listing the Grayscale XRP Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG). This move completes the final…