Author: NBTC

Bybit will move to single-counted open interest reporting from June 11, 2026. The change will make displayed OI figures appear lower, but traders’ positions, margins and risk exposure will not change. Bybit is changing how it reports open interest across its derivatives markets. The Dubai-based exchange said the update will take effect on June 11, 2026, moving its methodology from bilateral, or dual-sided, counting to unilateral, single-counted measurement. The change sounds technical, and in a way it is. But it matters for traders who watch open interest as a core signal for leverage, positioning and market crowding. Bybit said the…

Bitcoin miners finally had something to celebrate, delivering their strongest revenue gain in four months as May lifted earnings beyond the $1 billion mark for the first time since January. Current revenue, however, has cooled considerably, with bitcoin slipping below the $66,000 mark on Tuesday before staging a modest recovery the following day. Key Takeaways: Bitcoin miners crossed $1.086B in May revenue, the first billion-dollar month since January. Hashprice dropped 17.82% in 30 days, pushing the daily value per PH/s to just $30.77. A potential 7.5% difficulty cut around June 13 could ease pressure on surviving miners. Miners Feel the…

Spot Bitcoin ETFs traded in the US faced strong outflow pressure this week. A total net outflow of approximately $1.26 billion was recorded from spot Bitcoin ETFs, marking the largest weekly outflow since the end of January. The funds also reported net outflows for the sixth consecutive trading day. According to the data, approximately $649 million flowed out of spot Bitcoin ETFs on Monday alone. While the pace of outflows slowed somewhat later in the week, capital outflows from the funds continued overall. Market analysts noted that rising US Treasury yields, a strengthening dollar index, and geopolitical tensions were contributing…

Decentralized finance protocol Aave recently revealed that it has fully restored liquidity to its lending pools following a $300 million cross-chain exploit. The Anatomy of the Exploit Decentralized finance ( DeFi) pioneer Aave has successfully restored full liquidity to its lending pools, capping off an aggressive multi-week stabilization effort following a $300 million cross-chain exploit that threatened the protocol’s cash reserves, developers announced June 1. Aave said in its post‑mortem that by mobilizing a $300 million industrywide rescue fund and securing an emergency federal court order, it was able to replace the drained assets, shield depositors from losses, and restore…

An early Ethereum investor has sold roughly $136 million worth of ether and staked-ether tokens over the past week, adding to the selling pressure already weighing on $ETH near the $2,000 mark. Key Takeaways: Lookonchain says an Ethereum OG sold 55,000 $ETH and 9,442 wstETH for ~$136M in a week, averaging $2,041. The selling adds to ETF outflows, pressuring ether as it tests the key $2,000 support level. Other whales are accumulating, with one buying 21,800 $ETH for $47M, signaling split conviction. A Week of Steady Selling The wallet, an early participant holding coins since the network’s first years, sold…

In today’s newsletter, Sam Boboev from Fintech Wrap Up explains how stablecoins are becoming the payment rails in the digital economy. Then, in “Ask an Expert,” we cover the highlights for advisors from last week’s Consensus conference in Miami — the key theme: Wall Street Comes to Consensus. Stablecoins Are Becoming Payment Infrastructure, Not Crypto Assets Stablecoins began as a narrow solution for crypto traders who needed a reliable way to move between volatile assets without exiting the market, but that original use case no longer defines their role in the financial system today. What is happening now is a…

Ice Open Network has finally addressed growing concerns from its community after weeks of silence, reduced updates, and rising criticism surrounding the project’s direction. The statement comes after many users pointed out that the development had slowed down following missed expectations, technical delays, and the sudden drop in communication from the team. In a lengthy X post, Ice Open Network reassured supporters that the project is still active and “still building,” even though the team is now smaller than before. Security Incident Sparked Fresh Concerns Ice Open Network recently faced a security breach linked to a third-party provider, exposing some…

A South African High Court ruled that bitcoin can be legally treated as “capital” and a “negotiable instrument” (a form of money) because it holds value, is used for speculation, and is accepted by merchants. Key Takeaways: Judge Wilson ruled on June 1 that Square Mangundhla’s 1,680 bitcoins were lawfully seized as capital. The decision clashes with a May 2026 SARB and FSCA statement denying crypto’s status as legal tender. Expect tension ahead as South African regulators navigate this new legal framework for digital assets. The Catalyst: Seizure of 1,680 Bitcoins A South African High Court has ruled that bitcoin…

Gold-i has integrated decentralized derivatives platform Derive.xyz into its platform, giving institutional clients direct access to onchain options liquidity. The move expands the firm’s decentralized finance offering and follows its recent integration with crypto exchange Hyperliquid. According to the information shared with Finance Magnates, the integration on MatrixNET allows brokers, prop trading firms, and fund managers to trade Derive’s onchain options through existing platforms such as MT4, MT5, DXtrade, and CLEO. Users can access this liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably,…

Wyoming Governor Mark Gordon signed Executive Order 2026-03 to guide data center and advanced computing development across the state. The order is titled “Data Centers the Wyoming Way.” The order applies to state agencies that permit, review, regulate, support or help large data center projects in Wyoming. It asks agencies to support growth while checking water use, environmental needs, workforce planning and power costs for homes. “As America races to build the infrastructure needed to support advanced computing, artificial intelligence and our nation’s rapidly growing digital economy, Wyoming is uniquely positioned to lead,” Gordon said. Power demand becomes the main…