News & Research

Forced liquidations in the cryptocurrency perpetual futures market over the past 24 hours were heavily skewed toward long positions. The breakdown is as follows: - ETH: $321 million liquidated (88.16% longs) - BTC: $310 million liquidated (93.93% longs) - SOL: $154 million liquidated (96.63% longs)

The dollar-pegged stablecoin Staking Stream USD (XUSD) has de-pegged, according to a report from PeckShield. Data from CoinGecko shows that XUSD is trading at $0.909, a decline of 28.1% over the past 24 hours.

Early Bitcoin investor Owen Gunden has deposited an additional 1,289 BTC, worth $138.2 million, to Kraken over the past 22 hours, according to Lookonchain. Deposits to exchanges are typically interpreted as an intention to sell.

The amount of Bitcoin held on exchanges has fallen significantly over the past six months, with balances decreasing by 209,000 BTC, Crypto Briefing reported, citing data from Santiment. The outlet suggested this trend indicates that investors are seeking safer storage methods for their funds amid rising market volatility.

Strategy has announced plans to issue 3.5 million shares of its Series A perpetual preferred stock with a 10% dividend rate, depending on market conditions. The stock will be denominated in euros, and the proceeds are intended for purchasing BTC and for general corporate purposes.

Ethereum staking protocol StakeWise announced on X that it has recovered a significant portion of its osETH and osGNO tokens stolen in the recent Balancer V2 hack. The protocol stated that its emergency multisig executed a series of transactions to retrieve 5,041 osETH, valued at $19 million, and 13,495 osGNO, worth $1.7 million. This recovery accounts for 73.5% of the stolen osETH and 100% of the osGNO. StakeWise confirmed that the recovered funds will be returned to victims. Both osETH and osGNO are liquid staking tokens issued by StakeWise. The recovery follows a hack on the Balancer protocol that resulted in the theft of over $100 million in assets.

CoinMarketCap's Altcoin Season Index stands at 24, down four points from yesterday. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An altcoin season is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. A score closer to 100 indicates an altcoin season, while the opposite suggests a Bitcoin season.

Grayscale has set the management fee for its upcoming XRP and DOGE exchange-traded funds (ETFs) at 0.34%, The Block reported. The move follows Bitwise, which also set the fee for its XRP ETF at 0.34% last weekend. These ETFs are expected to launch soon. The development comes after the U.S. Securities and Exchange Commission (SEC) adopted a comprehensive listing standard for crypto ETFs, allowing funds that meet specific criteria to be listed without individual approval.

Binance founder Changpeng Zhao warned on X against the spread of FUD (Fear, Uncertainty, and Doubt), which he said is exploiting recent market anxiety. He stressed that the market is currently flooded with FUD and that as investors grow more anxious, large-scale investors, or whales, exploit the situation for profit. Zhao urged the community to verify all news through official sources, warning that believing baseless FUD will lead to financial losses.

The Crypto Fear & Greed Index from data provider Alternative has fallen 21 points from yesterday to 21, marking its lowest level since April 9. The drop reflects worsening investor sentiment, shifting the market from a state of fear to extreme fear. The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. It is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).