The amount of Bitcoin in long-term holder wallets hit cyclical lows, but is it enough to help the bulls avoid a decline toward $68,000? Bitcoin (BTC) long-term holders continued to reduce their BTC exposure as their holdings fell to the lowest levels since April. Key takeaways: Bitcoin long-term holders reduced their supply to 72%, the lowest since April Read more
Gemini says its prediction markets are now live nationwide via affiliate Gemini Titan after it secured a CFTC Designated Contract Market license Gemini, the cryptocurrency exchange founded by billionaire twins Tyler and Cameron Winklevoss, has rolled out prediction markets in the United States after securing key regulatory approval. Gemini launched its in-house prediction market, Gemini Predictions, across all 50 US states, the exchange announced in an X post on Monday. Provided via affiliate Gemini Titan, Gemini Predictions enables users to trade on the outcomes of real-world events with “near instant execution” and full transparency. Read more
The crypto market corrected as a shake-up in the Trump administration’s Fed chair pick spooked traders, and growing US macroeconomic challenges led investors to risk-off. Key takeaways: Leverage surges in the crypto market, with $527M in liquidations in 24 hours, signaling growing caution among traders. Tighter liquidity and rising AI debt risks push traders to exit riskier assets, contributing to a market correction. Read more