News & Research

An address presumed to belong to Bitcoin mining company MARA Holdings transferred 288 BTC, worth $26.3 million, to a wallet associated with crypto market maker Wintermute approximately nine hours ago, according to Lookonchain.

CME Bitcoin futures opened Monday with a $1,065 gap, starting the session at $91,595 after closing the previous trading day at $90,530. The gap, which represents the difference between Friday's close and Monday's open, arises because the CME market is closed on weekends while the Bitcoin spot market trades 24/7. Investors typically monitor these gaps on the expectation that futures prices will eventually move to fill them.

The next phase for Ethereum will be led by user-friendly financial products, including those offered by neobanks, rather than speculation, according to Ether.fi CEO Mike Silagadze in an interview with CoinDesk. He explained that while staking through ETFs remains limited, other institutional investment approaches such as Digital Asset Treasuries (DAT) are becoming more active. Silagadze added that DATs, in particular, have had a definitively positive impact on the price of ETH.

Bitcoin has fallen below $90,000 following news of a U.S. airstrike in Venezuela, Cointelegraph reports. The cryptocurrency reached approximately $90,940 before reversing and appears to be under short-term selling pressure from the geopolitical tensions. Many analysts believe the price drop will be temporary if the situation does not escalate further. Meanwhile, while gold is correcting after hitting an all-time high, Bitcoin has risen around 5% since Christmas, raising the possibility of a capital rotation from gold to BTC.

CoinMarketCap's Altcoin Season Index is currently at 21. The index compares the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the last 90 days. An "altcoin season" is indicated when 75% of these top 100 coins outperform Bitcoin over the 90-day period. Conversely, a "Bitcoin season" is declared when Bitcoin outperforms the majority of top altcoins. A score closer to 100 signifies a stronger altcoin season.

The 10 largest cryptocurrency hacks of 2025 resulted in approximately $2.2 billion in losses, according to a report by crypto media outlet The Block. The incidents are summarized below. 1. Bybit, Feb. 21, $1.4 billion: Private key theft and phishing, attributed to the Lazarus Group. 2. Cetus, May 22, $223 million: Liquidity drain exploiting fake tokens and a logic error. 3. Balancer (BAL), Nov. 3, $128 million: Exploitation of a calculation bug in a stablecoin pool. 4. Bitget, April 20, $100 million: Flaw in a market-making bot's logic and price manipulation. 5. Phemex, Jan. 23, $85 million: Hot wallet private key leak. 6. Nobitex, June 18, $80 million: Hot wallet hack and internal data breach. 7. Infini, Feb. 24, $49.5 million: Misuse of smart contract admin privileges. 8. BtcTurk, Aug. 14, $48 million: Hot wallet private key leak. 9. CoinDCX, July 19, $44.2 million: Server intrusion. 10. GMX, July 9, $42 million: Exploitation of a vulnerability in a liquidity provider pool's smart contract.

Strategy (MSTR) has recorded its first six-month consecutive stock price decline since adopting its Bitcoin treasury strategy in 2020, CoinDesk reported. Citing monthly return data shared by cryptocurrency analyst Chris Millhas, the report noted that MSTR's stock fell continuously from July to December of last year, with particularly sharp drops in August (-16.78%), October (-16.36%), November (-34.26%), and December (-14.24%). In contrast, Bitcoin's performance was more resilient over the same period, with a six-month decline of 27.36%. Millhas observed that while Strategy's stock has historically rebounded quickly after major drops, the current prolonged decline is an exception, suggesting a potential structural repricing of the company's value.

Cryptocurrency analyst Marzell noted on X that a death cross and a head and shoulders pattern have simultaneously appeared on Dogecoin's (DOGE) three-day chart. The death cross pattern occurs when the 200-day moving average (MA) falls below the 50-day MA. Marzell suggested that if these patterns fully form, DOGE could fall to as low as $0.08. The analyst added that the downward trend is accelerating due to waning interest in the spot DOGE ETF launched last November and a decline in open interest in the futures market. This has fostered a risk-averse sentiment among investors, leading to sustained selling pressure. According to CoinMarketCap, DOGE is currently trading at $0.1203, down 1.99%.

ETF flows still do not indicate any new demand, according to Glassnode. The analytics firm noted that the 30-day moving average of net flows for both BTC and ETH remains negative.

Trump Media (DJT) has announced a plan to distribute cryptocurrency to its shareholders in partnership with Crypto.com (CRO). Shareholders are scheduled to receive one token for each share of DJT they hold. The token will not have a cash value but will be used to provide benefits for services related to Trump Media.