Author: NBTC
Crypto markets are down 0.48%, reflecting the drop in stock markets and technical pressures on Bitcoin. Crypto markets faced minor selling pressure from both macroeconomic factors and Bitcoin technicals. On Tuesday, May 6, the overall crypto market cap declined 0.54%, falling below $3 trillion to $2.94 trillion. The main driver of the decline mirrored the same factors weighing on equities. The Dow Jones lost more than 400 points, or 1.00%, while other major indices also fared poorly. Typically, Bitcoin (BTC) and the broader crypto market, are correlated with stocks, which likely means that similar factors influence both. You might also…
BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock’s yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving a long position in the spot market while shorting futures, and a short position in BTC put options, both collateralized by BUIDL tokens. The basis trade, also known as cash and carry arbitrage, alone generated an annualized yield of 4.7%, with put option writing contributing…
Cryptocurrency analytics firm CryptoQuant has suggested that Ethereum may have bottomed against Bitcoin, which could signal the start of a new altcoin season. According to CryptoQuant, the ETH/BTC price ratio is up 38% in the past week, recovering from the lowest level since January 2020. This ratio historically marks relative lows for Ethereum and is seen as a harbinger of periods when altcoins outperform Bitcoin. The company’s analysis claimed that Ethereum had entered the extremely low valuation zone compared to Bitcoin. In particular, the ETH/BTC MVRV metric fell to such low levels for the first time since 2019. CryptoQuant recalled…
Binance, the world’s leading cryptocurrency exchange, stirred the crypto community with a cryptic X post on May 15, 2025, featuring a design filled with the mathematical symbol “π” (Pi). While the exchange did not mention anything related to the mobile mining blockchain in the tweet, pioneers made the most of it as expected. The post, captioned “This is what happens when devs touch art with 0 design sense,” has ignited speculation among Pi Network enthusiasts. Many interpreted the post as a subtle nod to Pi Network due to the use of the “π” symbol. However, with no mention by Binance…
Digital assets service providers in the UK may need to start reporting user data to His Majesty’s Revenue and Customs (HMRC) by 2027. The regulator disclosed this in a recent announcement, stating that it is due to a new regulatory framework. According to the HMRC, which is responsible for tax collection, the country is adopting the Organisation for Economic Development (OECD) Crypto Asset Reporting Framework (CARF) and will extend it to domestic reporting. Under the new framework, the regulator expects all companies categorized as reporting crypto asset service providers (RCASPs) based in the UK to collect and report user data.…
Bitcoin (BTC) tightened its grip on the crypto market on Tuesday, with dominance surging to fresh four-year high as crypto traders rotated into the market’s anchor asset ahead of tomorrow’s key Federal Reserve policy meeting. BTC held steady around the $94,000-$95,000 area, up a modest 0.6% over the past 24 hours and extending a tight-range trading pattern that has persisted since the weekend. Meanwhile, the broad-market CoinDesk 20 Index slipped 0.3% lower, with Ethereum’s ether (ETH), and native tokens of Sui (SUI), Aptos (APT) and Polygon (POL) dragging the benchmark lower. A check on traditional markets showed stocks booking back-to-back…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. A Solidity developer friend of mine reached out on Signal the other day in a tizzy. “I can’t believe this,” he wrote. “How did Ethereum developers let this happen?” He was referring to a recent article worrying about Ethereum’s Pectra upgrade — specifically EIP-7702 — and its supposed ability to let hackers “drain wallets with just an offchain signature.” The piece has been bandied about on X/Twitter, it seems, though not by people I follow. Fears were clearly being stoked in some circles that a new transaction…
During its recently concluded Tokenomics Week, decentralized cloud computing innovator iExec revealed that it was introducing a new circular economic framework to help its native crypto asset — $RLC — become even more useful for internal ecosystem operations. “We have a clear focus on increasing RLC’s utility and growing its value while expanding access to our decentralized privacy infrastructure. Our latest initiatives encourage people to use RLC instead of holding it, driving a circular token economy that creates value through utility.” —company CEO Gilles Fedak Fedak’s statements seemed to further imply that iExec is looking to become the foundational infrastructure…
The US Department of Justice (DOJ) just indicted 12 additional defendants as part of a conspiracy involved in crypto crimes worth $263 million. It accused them of working with Malone Lam, who was arrested last September. Most of the group’s actions involved social engineering scams, but members also stand accused of burglary. Additionally, the DOJ pressed charges against Tornado Cash co-founder Roman Storm today. DOJ Takes On Major Crypto Crimes As part of sweeping pro-crypto regulatory reforms, the US Department of Justice disbanded its Crypto Enforcement Unit and reduced the scope of its investigations this year. However, as today’s indictments…
Ethereum is holding strong above the $2,500 mark after a sharp rally in recent weeks, signaling renewed bullish momentum across the market. The second-largest cryptocurrency by market cap is now consolidating just below key resistance levels, with traders and analysts closely watching price action for confirmation of the next move. Bulls appear to be in control, with Ethereum reclaiming critical levels that were previously broken during months of sustained selling pressure. Market sentiment is shifting fast, and speculation about a broader altcoin bull phase continues to grow. Many investors believe Ethereum’s current structure could be laying the groundwork for a…