Quick Summary: Bitcoin struggles to break $72,000 as short positions rise, while Ether and select altcoins post stronger bullish signals with open interest at multimonth highs. Bitcoin is once again testing the $72,000 price level, but repeated failures to break through that threshold have prompted traders to build short positions. This shift in sentiment has pushed futures open interest to its highest point in a week. The pattern suggests that market participants are increasingly skeptical about an imminent upside breakout at this level.While Bitcoin faces selling pressure, Ether and several other altcoins are displaying notably stronger bullish positioning. ETH open…
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Quick Summary: STS Digital has launched a global structured products platform offering tailored crypto derivatives on 400 digital asset tokens, with Kraken as a distribution partner. STS Digital has introduced a global structured products platform aimed at institutional investors, providing access to customised crypto derivatives across 400 digital asset tokens. The platform is designed to meet the needs of institutional clients seeking more sophisticated exposure to digital asset markets. Its launch marks a notable expansion in the range of structured financial products available within the crypto sector.Kraken is serving as a distribution partner for the new platform, integrating it to…
Quick Summary: Bhutan’s government-linked wallet transferred roughly 519.7 BTC worth $36.7 million in its third large Bitcoin move of March. A wallet linked to the Bhutan government transferred approximately 519.7 Bitcoin — valued at around $36.7 million — to two separate wallets on Wednesday, according to data from blockchain analytics firm Arkham. One of the receiving wallets was identified as belonging to trading firm QCP Capital, according to onchain tracking service Onchain Lens. The transaction represents the third significant Bitcoin transfer from the Bhutan-tagged wallet in March alone.The latest move follows a $72 million outflow spread across six separate transactions…
Quick Summary: The ECB expects to announce digital euro technical standards by summer 2025, with a 12-month pilot launching in the second half of 2027. European Central Bank Executive Board member Piero Cipollone has told EU lawmakers that the ECB expects to announce European technical standards for a potential digital euro by this summer. The announcement is intended to give payment providers and merchants sufficient time to prepare their systems ahead of any formal issuance decision. Once the standards are published, the ECB plans to work closely with market participants to embed them into payment terminals and other solutions as…
Quick Summary: Memecoin launchpad Pump.fun now allows token creators only one post-launch fee redirection, after which the configuration is permanently locked. Pump.fun, a memecoin launchpad, has introduced a new restriction capping the number of times token creators can redirect fees after a coin goes live. Under the updated policy, each token is permitted a single post-launch change to its fee recipient configuration, after which the settings are locked permanently. The move is intended to curb manipulation tactics that exploit the ability to alter fee destinations once a token gains traction. Co-founder Alon Cohen announced the change on X, describing it…
Quick Summary: Bitpanda is launching Vision Chain, a blockchain enabling European banks and fintechs to issue and settle tokenized assets under MiCA and MiFID II. Bitpanda, the Vienna-based crypto broker, is launching a new blockchain network designed to allow European banks and financial technology firms to issue and settle tokenized assets. The platform is built to operate within established regulatory frameworks, including MiCA and MiFID II. The move marks a significant step by the company into institutional financial infrastructure.The new network, called Vision Chain, will rely on the Ethereum-based infrastructure developed by Optimism. Transaction fees on the platform will be…
Quick Summary: An Indian magistrate court grants bail to CoinDCX co-founders after ruling no prima facie case exists in a $75,000 fraud complaint tied to an impersonator site. A magistrate court in Thane, India, has granted bail to CoinDCX co-founders Sumit Surendra Gupta and Niraj Ashok Khandelwal following a cheating complaint worth 71 lakh Indian rupees, approximately $75,000. The court issued a common order on March 23, concluding that no prima facie case had been established against the two men even upon an initial review of the available evidence. The founders had been taken in for questioning on a Saturday…
Quick Summary: Bitcoin options representing nearly 40% of open interest on Deribit, worth $14.16 billion, expire Friday with a max pain level near $75,000. Bitcoin options contracts valued at approximately $14.16 billion are scheduled to expire on Friday, drawing attention from traders and analysts watching for potential price movement. The expiring contracts represent close to 40 percent of total open interest on Deribit, the prominent crypto options exchange. The scale of the expiry has placed the event under close scrutiny within digital asset markets.A key figure in the discussion is the so-called max pain level, which Deribit places at around…
Quick Summary: Ripple and Unloq are piloting programmable cross-border trade settlement using the XRP Ledger and RLUSD stablecoin under Singapore’s MAS BLOOM initiative. Ripple announced on Wednesday that it has joined the Monetary Authority of Singapore’s BLOOM initiative alongside supply chain finance technology firm Unloq. The collaboration aims to test programmable cross-border trade settlement using the XRP Ledger and Ripple’s enterprise-focused stablecoin, Ripple USD (RLUSD). The pilot represents a significant step in applying blockchain-based infrastructure to real-world trade finance workflows.The pilot will leverage Unloq’s SC+ platform, a smart-contract-driven trade finance system that consolidates trade obligations, settlement conditions, and financing workflows…
Quick Summary: Crypto market maker Wintermute has introduced WTI crude oil CFDs, allowing traders to speculate on oil prices 24/7 using fiat or crypto collateral. Wintermute, a prominent crypto market maker, has launched over-the-counter derivative products tied to WTI crude oil. The new instruments, known as contracts for difference or CFDs, allow traders to speculate on oil price movements around the clock. The move marks a notable expansion of Wintermute’s product offerings beyond traditional digital asset markets. The products are available through the firm’s OTC channels rather than on a centralised exchange.The CFDs are structured as OTC derivatives, meaning they…
