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Since the beginning of this year, several large models have been launched both domestically and internationally, and the rapid proliferation of AI agents has driven the computing power market to conti

Daily Token Usage in China Exceeds 140 Trillion

MEGA: Real-Time Execution Layer for Ethereum

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestMEGA: Real-Time Execution Layer for Ethereum Coinbase bulls point to crypto legislation and stablecoins after earnings miss Coinb

Coinbase bulls point to crypto legislation and stablecoins after earnings miss

Coinbase’s (COIN) weak first-quarter earnings report sparked another divide on Wall Street over whether the crypto platform is building a more durable business or remains tied to crypto’s boom-and-bust cycles.

Coinbase bulls point to crypto legislation and sta

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestHTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin retreats below $80,000, liquidating $300 million in futures betsBitcoin tu

HTX  Creation Challenge — Post and Win 1,500U 💥

Bitcoin retreats below $80,000, liquidating $300 million in futures betsBitcoin tumbled back below $80,000 late Thursday after the U.S. launched fresh airstrikes in Iran, causing brent crude oil to briefly top $100 per barrel before giving back a portion of gains during Asia and European hours.

The crypto market was already slightly jittery after Strategy chairman Michael Saylor said that the company would consider selling bitcoin to cover dividend payments from its STRC, a u-turn from its previous "never sell" strategy.

Ether (ETH) is trading at $2,280 having lost 0.2% since midnight UTC and around 2% over the past 24 hours, with other altcoins like monero (XMR) and dash (DASH) losing between 4% and 5%.

The broader crypto recovery remains intact with bitcoin having rallied from $65,000 in late March, although it's worth noting that a drop below $75,000 would negate the recent string of higher lows and would signal a reversion to the pervious trading range.

Derivatives positioning

The crypto futures market has cooled for the second-straight day, with cumulative industry notional open interest down over 1.5% at $131.5 billion and trading volume down over 12% at $191 billion. Investors are clearly deleveraging in the wake of bitcoin's overnight drop below $80,000.

Exchanges have liquidated nearly $300 million in bets in 24 hours, with longs accounting for most of the tally. It shows that traders were positioned for continued price rises into the weekend, only to take the brunt of the unexpected market weakness.

Open interest (OI) has declined in most major tokens, including bitcoin and ether. Meme token DOGE's OI has dropped by over 4%, the most among top 10 coins. TON is the standout, with OI rising by 6%.

For the second straight day, OI-adjusted cumulative volume delta for most majors remains negative, a sign of traders aggressively shorting using market orders rather than passive limit orders.

On Deribit



Bitcoin retreats below $80,000, liquidating $300 m

On May 8, CME's "FedWatch" indicated that the probability of the Federal Reserve maintaining interest rates unchanged in June is 94.9% (down from 96.9% prior), while the probability of a cumulative ra

Probability of Fed Keeping Rates Unchanged in June Drops to 94.9%

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestEverything Can Be HuobaoLed by Lars Klingbeil, Germany's Finance Ministry has sparked a major debate in the European financial se

Led by Lars Klingbeil, Germany's Finance Ministry has sparked a major debate in the European financial sector by suggesting the repeal of the long-standing "one-year rule" for digital assets. German taxpayers currently benefit from a total tax exemption on cryptocurrency gains if the assets are held for more than 12 months. This policy has made the nation the best place to live for long-term "HODLers." The new plan aims to tax Bitcoin and altcoins like regular stocks, with a flat 25% capital gains tax (plus solidarity surcharges) applied no matter how long the investor has owned them. This action is a calculated effort to close a sizable EUR 98 billion budget gap predicted for the 2027 fiscal year.For the local crypto community, changing from a progressive income tax structure to a flat-rate one offers a double-edged sword. Short-term traders have to pay high taxes of up to 45% on gains over 1,000 EUR under the present Section 23 of the Income Tax Act. For high-frequency traders and professional speculators, the suggested 25% flat rate would really mean a tax decrease, possibly increasing market activity and liquidity inside Germany. But for the typical long-term investor who uses the 12-month exemption for tax-free wealth accumulation, the modification means a major loss of incentives. Moreover, the absence of verified "grandfathering" provisions for current holdings has raised concerns of a compelled sell-off prior to the implementation of the new regulations.Citing both economic and bureaucratic challenges, industry leaders and political opponents have been quick to express their worries. Critics, such as Bitpanda CEO Eric Demuth, use Austria's 2022 tax reform as a warning story, pointing out that such changes usually result in less income than expected while greatly raising the administrative load on both the state and taxpayers. The SPD-led ministry is pushing f

Led by Lars Klingbeil, Germany's Finance Ministry

MU: Top Memory Chip Maker 

S&P 500 call options volume surges to record $2.6 trillion. Here's what it means for bitcoinBTC Price Guess: 18M HTX Awaits YouHTX Community April Creation Contestfor HTX Creation Challenge — Post and

S&P 500 call options volume surges to record $2.6 trillion. Here's what it means for bitcoin

The U.S. stock market is heating up in a way that suggests speculative mania. It matters to bitcoin as analysts have linked the cryptocurrency's recent rally to increased risk-taking on Wall Street.

The overheating signals come from options tied to the S&P 500. These are derivative contracts that let traders bet on or hedge against moves in the index. A call option is a bet that the index will rise above a certain price within a set time. A put option does the opposite, offering protection from declines in the index.

On Wednesday, U.S. equity derivative exchanges registered a notional volume of $2.6 trillion in S&P 500 call options, according to data tracked by Zero Hedge. That amounted to 60% of total S&P 500 options activity. To put it into context, the notional amount nearly matched the total crypto market valuation of $2.73 trillion, which represents the combined capitalization of thousands of cryptocurrencies, with bitcoin leading the way.

In essence, the majority of market participants were positioned for upside through calls or bullish exposure.

On the surface, the implication for bitcoin is straightforward: it is bullish. A speculative surge in the S&P 500 could spill over into crypto, driving valuations higher. After all, double-digit gains in the S&P 500 and Nasdaq since early April played a big role in lifting bitcoin to $80,000 from under $70,000 a few weeks ago.

QCP Capital put it best early this week when $BTC broke above $80,000: "After a solid April, $BTC has begun May on firm footing, breaking above $80k for the first time since January 31. The move appears aligned with equities, reinforcing a broader trend as $BTC's correlation with U.S. stocks climbing

S&P 500 call options volume surges to record $2.6

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestHTX Creation Challenge — Post and Win 1,500U 💥 NEAR Protocol [$NEAR] пополнил список токенов, связанных с искусственным интеллект

NEAR Protocol [$NEAR] пополнил список токенов, связанных с искусственным интеллектом, привлекающих внимание рынка, демонстрируя двузначный рост на фоне улучшения настроений.

Хотя существует высокая вероятность дальнейшего роста, всё же есть вероятность, что бычий тренд ещё не полностью подтвердится, учитывая формирующийся на рынке фрактальный паттерн.

Бычий паттерн всё ещё сопряжен с риском

Структура графика Near Protocol [$NEAR] представляет собой конфигурацию, предполагающую потенциал для бычьего роста, хотя прорыв пока остаётся неопределённым.

NEAR Protocol [$NEAR] пополнил список токенов, свя

HTX Community April Creation ContestHTX Creation Challenge — Post and Win 1,500U 💥$110K Spring Airdrop Rain—18 Days Straight!Record 1.26% of XRP Supply Now Unavailable as ETF Rally Accelerates, Testin

$110K Spring Airdrop Rain—18 Days Straight!

Record 1.26% of XRP Supply Now Unavailable as ETF Rally Accelerates, Testing Key $1.50 Resistance

XRP is witnessing a notable shift in market dynamics as approximately 1.26% of the total circulating supply becomes temporarily unavailable, driven by increased accumulation and ETF-related demand pressure.

The ongoing ETF rally has intensified liquidity constraints, reducing available trading supply and adding upward pressure on price action. Analysts suggest this tightening supply could play a crucial role in challenging the long-standing $1.50 “glass ceiling”, a key resistance level that has repeatedly capped bullish momentum.

Market observers are closely watching whether sustained institutional inflows and ETF-linked demand can provide enough strength for a decisive breakout above this critical zone. A successful move beyond $1.50 could signal a broader structural shift in XRP’s mid-term trend.

Record 1.26% of XRP Supply Now Unavailable as ETF

Rain: Uniswap for Predictions on Arbitrum

On May 8, Cango, a Bitcoin mining company listed on the U.S. stock market, released its operational update for April, reporting an output of 230.04 BTC with an average cash cost of $68,061 per BTC. As

Cango Mines 230.04 BTC in April, Reserves Rise to 1057.46 BTC

Genius: First Private On-Chain Terminal

On May 8, Federal Reserve Governor Milan stated on Friday that he hopes current Fed Chair Powell will only briefly remain as a governor after stepping down from the chairmanship. Milan remarked, "I th

Fed Governor Milan: Powell Should Only Serve Briefly as Governor After Chairmanship

Orca: Top AMM DEX on Solana

В то время как 1-дневный график демонстрировал силу, 4-часовой график выявил медвежью дивергенцию. MFI и цена, отмеченные оранжевым цветом, разошлись, сигнализируя о скором откате. Этот откат привел к снижению цены XLM до $0,43. CMF также упал до нейтральных значений. В целом, медвежья дивергенция отыграла силу, и цена XLM вновь достигла разрыва справедливой стоимости, что стало зоной спроса. Более глубокая коррекция биткоина ниже отметки $116 тыс. может привести к снижению цены XLM, но пока этого не произошло, трейдеры могут сохранять бычий настрой в отношении Stellar.

<div><br /></div><div><span style="font-size: 15px;">В то время как 1-дневный график демонстрировал силу, 4-часовой график выявил медвежью дивергенцию. MFI и цена, отмеченные оранжевым цветом, разошлись, сигнализируя о скором откате.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">Этот откат привел к снижению цены XLM до $0,43. CMF также упал до нейтральных значений.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">В целом, медвежья дивергенция отыграла силу, и цена XLM вновь достигла разрыва справедливой стоимости, что стало зоной спроса.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">Более глубокая коррекция биткоина ниже отметки $116 тыс. может привести к снижению цены XLM, но пока этого не произошло, трейдеры могут сохранять бычий настрой в отношении Stellar.</span><img src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-07/5363261dab04452b91bc18dc63437ba1.jpeg" alt="XLM-4-hour-Chart-768x408.png" style="width: 100%; height: auto; margin-top: 10px; margin-bottom: 10px;" /></div><br />

Анализ 4-часового графика XLM

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