The Bitcoin CME gaps appear when futures reopen after weekend moves. Understand why they form, how often they fill and what they mean for BTC’s price action. The Chicago Mercantile Exchange (CME) gap appears when the price of Bitcoin (BTC) changes between Friday’s closing price and Monday’s opening price on the CME Bitcoin futures market. Price movement over the weekend, when no CME trading takes place, creates a disconnect on the chart. These gaps often draw attention because they tend to be filled once the market reopens. Let’s look at an example. If BTC closes at $109,880 on the CME on Friday evening and the price rallies over the weekend, the market might reopen on Monday at $110,380. That creates a $500 gap. Read more
DeFi Development Corp became the first Solana treasury to support SIMD-0411, a proposal to speed up emissions cuts as corporate holders face losses. Solana Digital Asset Treasury (DAT) DeFi Development Corp. (DFDV) expressed its support for a sweeping proposal aimed at accelerating the network’s disinflation schedule. On Tuesday, DFDV became the first Solana treasury to publicly endorse Solana Improvement Document (SIMD)-0411, a proposal to double Solana's annual disinflation rate from 15% to 30%, thereby reducing projected future emissions by over 22 million SOL over the next six years. “This proposal may come as a surprise to some, but its timing makes sense,” DFDV wrote. “The ecosystem has grown increasingly vocal about Solana’s current inflation schedule and its impact on SOL’s price.” Read more
VanEck’s amended BNB ETF filing scraps all staking plans, unlike its Solana product, explicitly distancing itself from BNB staking amid regulatory risk. Asset manager VanEck backed away from its earlier plans to stake assets in its proposed spot BNB exchange-traded fund, despite offering staking in its recently launched Solana product. In its updated S-1 filing to the US Securities and Exchange Commission (SEC) on Friday, VanEck said “the Trust will not employ its BNB in Staking Activities and accordingly will not earn any form of staking rewards or income of any kind from Staking Activities” at the time of listing. The filing further warns that “there can be no assurance that the Trust will engage in any Staking Activities” in the future, either. The company acknowledged that avoiding staking could cause the ETF’s performance to lag that of holding BNB (BNB) directly, noting that investors would forgo potential staking rewards. Read more
XRP is rebounding strongly from $2, with multiple indicators suggesting upside toward $3.30–$3.50 is possible in the coming weeks. XRP (XRP) has rebounded nearly 25% from the $2 psychological level in the past week, with tailwinds from strong daily ETF inflows exceeding $164 million following the launch of Grayscale's GXRP and Franklin Templeton’s XRPZ. Key takeaways: XRP stays bullish above $2, with chart technicals pointing toward $3.30–$3.50. Read more
The fresh debt draw shows how Metaplanet is using both debt and preferred equity to accelerate Bitcoin purchases and income-generation strategies. Tokyo-listed Bitcoin treasury company Metaplanet has drawn another $130 million in Bitcoin-backed credit, expanding its use of collateralized borrowing to accelerate BTC purchases, income-generation strategies and potential share buybacks. On Tuesday, Metaplanet disclosed it executed the loan on Friday under a previously announced credit facility. The borrowing forms part of the company’s $500 million credit line, which allows it to raise short-term liquidity using its Bitcoin (BTC) as collateral. With the fresh capital, the company has now drawn $230 million in cumulative loans from the facility, up from the $100 million disclosed for an earlier Oct. 31 credit pull. Read more
A suspected airdrop farmer burned through their entire $112,000 of MON rewards in hundreds of failed transaction attempts. A crypto airdrop farmer lost more than $112,000 in newly issued tokens by burning the entire reward on failed blockchain transactions. In crypto, a professional airdrop farmer (or squatter) is a person who interacts with emerging protocols solely for the airdrop rewards, often using multiple wallets to compound the rewards. Cryptocurrency wallet 0x7f4 received about $112,700 worth of Monad (MON) tokens as a reward for activity leading up to the launch. Read more
Strike CEO Jack Mallers said JPMorgan closed his accounts without explanation, reigniting fears of Operation Chokepoint 2.0 and renewed pressure on crypto companies. Banking giant JPMorgan Chase’s decision to cut ties with the CEO of Bitcoin payments company Strike is reigniting concerns about a renewed wave of US “debanking,” an issue that haunted the crypto industry during the 2023 banking turmoil. Jack Mallers, CEO of the Bitcoin (BTC) Lightning Network payments company Strike, said Sunday on X that JPMorgan closed his personal accounts without explanation. “Last month, J.P. Morgan Chase threw me out of the bank,” Mallers wrote. “Every time I asked them why, they said the same thing: We aren’t allowed to tell you.” Read more
Solana ETFs have pulled in $369 million so far this month as investors appear to favor yield-bearing products, while Bitcoin and Ether ETFs faced billions in redemptions. Despite steep redemptions from Bitcoin and Ethereum ETFs, Solana attracted $369 million of inflows this month as investors increasingly positioned SOL as a yield-generating asset. According to Bohdan Opryshko, co-founder and chief operating officer of Everstake, both institutions and retail holders are “treating Solana as a yield-generating asset rather than a speculative trade.” He told Cointelegraph that Solana’s native staking rewards of 5%–7% have created an appeal that Bitcoin (BTC) ETFs cannot match, and only a limited set of Ethereum products currently offer. Read more