Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&P 500 index. Key takeaways: Bitcoin options skew and futures funding rates highlight persistent caution, despite BTC defending the $110,000 support level. spot Bitcoin ETF outflows and Strategy’s S&P 500 index negative decision continue weighing on trader sentiment. Read more
The president announced his “CryptoCity” plans would be developed in Alatau, while the government would move forward to create a strategic crypto reserve with “promising assets.” Kassym-Jomart Tokayev, the president of the Republic of Kazakhstan, laid out plans for the country’s AI and digital asset endeavours, which include a strategic cryptocurrency reserve. In an annual address on Monday, Tokayev said the government should create a “full-fledged ecosystem of digital assets as soon as possible” as part of efforts to “find effective ways to maximize the return of bank money to the economy.” He proposed having the country’s Agency for Regulation and Development of the Financial Market draft a law to this effect to be passed before 2026. Read more
The breach hit core JavaScript libraries such as chalk and strip-ansi, downloaded billions of times each week, raising alarms over the security of open-source software. Hackers have compromised widely used JavaScript software libraries in what’s being called the largest supply chain attack in history. The injected malware is reportedly designed to steal crypto by swapping wallet addresses and intercepting transactions. According to several reports on Monday, hackers broke into the node package manager (NPM) account of a well-known developer and secretly added malware to popular JavaScript libraries used by millions of apps. The malicious code swaps or hijacks crypto wallet addresses, potentially putting many projects at risk. Read more
Buyers are trying to sustain Bitcoin above $112,500, but the upside may remain capped until the whales reduce their selling and treasury companies increase their demand. Key points: Bitcoin could rally to $115,000 and then to $120,000, but the upside looks capped in the near term if the whales continue to sell. Select altcoins look strong and ready to break above their overhead resistance levels. Read more