New Bitcoin price analysis set out key safety nets for bulls ahead of a potential showdown with Binance traders' aggregate deposit cost basis. Bitcoin (BTC) has four new key support levels to watch as a fresh wave of bearish BTC price action aims to push the market price below $50,000. Key points: Bitcoin’s realized prices remain important milestones as the market forms a long-term floor. Read more
As both the SEC and CFTC explore 24/7 trading hours for US capital markets, several traditional financial exchanges file to expand hours in anticipation of such a move. CME Group, the world’s largest derivatives exchange, said Thursday that crypto options and futures contracts will begin trading 24 hours a day, seven days a week on May 29, pending regulatory approval. “CME Group Cryptocurrency futures and options will trade continuously on CME Globex with at least a two-hour weekly maintenance period over the weekend,” according to the parent of The Chicago Mercantile Exchange’s announcement. All trading activity on market holidays and weekends will be cleared, settled and posted the following business day, with regulatory reporting also filed on the following day, CME Group said. Read more
Public Bitcoin miners are developing 30 gigawatts of AI-focused power capacity, nearly triple current levels, as post-halving margin pressure reshapes the industry. Public Bitcoin miners are planning about 30 gigawatts of new power capacity aimed at artificial intelligence workloads, nearly three times the 11 GW they currently have online, as they race to offset shrinking mining margins and reposition for the next growth cycle. The buildout, compiled by TheEnergyMag across 14 publicly traded Bitcoin (BTC) miners, underscores how aggressively the industry is pivoting away from traditional hashpower amid persistently weak hashprice conditions. On paper, the planned expansion amounts to what TheEnergyMag described as “a small country’s worth of power infrastructure.” In reality, much of the 30 GW sits in development pipelines, interconnection queues or early-stage plans, rather than operational facilities. Read more
Bitcoin fed into "extreme bearish sentiment" as a tight BTC price range fueled daily crypto liquidations of over $200 million. Bitcoin (BTC) fielded fresh downside predictions Thursday as BTC price action kept long liquidations high. Key points: Bitcoin price analysis sees lower levels coming amid a lack of a “strong bounce.” Read more
Initial features will support basic transfers, setting the stage for subsequent upgrades, including privacy features for tokenized real-world assets. Dash, a layer-1 blockchain protocol with privacy-preserving features, announced on Thursday the integration of Zcash’s “Orchard” shielded pool into the Dash Evolution chain, a secondary layer on the L1 network that supports smart contract functionality. The integration will go live following the completion of cybersecurity audits and is expected to launch in March, according to an announcement shared with Cointelegraph. Initially, the integration will support basic transfers of Zcash (ZEC) from one party to another on the Evolution chain, with subsequent upgrades adding Orchard’s privacy features for tokenized real-world assets (RWAs), the announcement said. Read more