When oil prices sneeze, risk assets catch pneumonia. Crypto is currently reaching for the tissues. Prediction market Polymarket now shows a record 73% probability that US oil prices will breach $90 per barrel this month — a level not seen since October 2023. Bitcoin responded by slipping below $71K, while the broader crypto Fear &…
Dubai’s virtual assets regulator has issued a public warning about several companies linked to the crypto exchange KuCoin, alleging they may have been promoting or providing services to residents without the required authorization. Summary Dubai’s VARA issued an alert naming Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and KuCoin Exchange EU GmbH for…
The end of another week has arrived, which means more crypto options contracts are expiring as spot markets eye recovery. Around 31,700 Bitcoin options contracts will expire on Friday, Mar. 6, with a notional value of roughly $2.2 billion. This event is much smaller than last week’s, so there is unlikely to be any…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is showing renewed strength after reclaiming the $70,000 level, a move that has helped stabilize sentiment following weeks of heightened volatility and uncertain market direction. The recovery comes as several structural indicators begin to shift in favor of a more constructive…
Bitcoin staged a brief relief rally above $74,000 on Thursday, but it has already petered out as analysts predict a persistent bear market will keep momentum subdued. “Bitcoin is still in a bear market despite the recent rally,” on-chain analytics company CryptoQuant said on Thursday. The platform’s Bull Score Index, a composite indicator that measures…
Crypto markets are bleeding red again, and this time the catalyst has nothing to do with blockchain. A widening gap between US trade rhetoric and actual Chinese purchasing behavior has rattled investors across every asset class, dragging Bitcoin below $72K and sending the Fear and Greed Index deep into “Extreme Fear” territory at 22. The…
Ethereum price has rejected the $2,200 resistance level after failing to sustain momentum above a key value area high. The rejection increases the probability of a rotational move toward lower support as bearish pressure begins to build. Summary Resistance Rejection: Ethereum rejected the $2,200 level and closed below the value area high. Range Structure: Price remains trapped…
Like the SEC, the derivatives trading regulator, the CFTC, is also working to regulate prediction markets. The United States Securities and Exchange Commission (SEC) has inched closer to creating guardrails to ascertain how cryptocurrencies are regulated. In a recent commission-level guidance submitted to the White House’s Office of Information and Regulatory Affairs (OIRA), the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum may have bounced back above the $2,100 price level once again, but it is still far away from its recent all-time high of $4,900. Even with ETH falling this hard from its recent high, big companies are still adopting the leading…
The Securities and Exchange Commission has ended its long-running fraud and securities violation lawsuit against Justin Sun in a $10 million settlement. The US Securities and Exchange Commission has ended its lawsuit against crypto entrepreneur Justin Sun with a $10 million settlement, ending a two-year legal battle over alleged fraud and securities laws violations. The…
