Coindesk

Early Thursday, CoinDesk reported bullish-to-neutral shift in sentiment in the options market tied to BlackRock's spot bitcoin exchange-traded fund (ETF). But by the end of the day, the situation worsened further, with sentiment turning slightly bearish.The one-year put-call skew, which reflects how the market prices in volatility risk for put options, offering downside protection, relative to bullish call options, turned slightly positive to 0.2%, according to data source Market Chameleon.In other words, the day closed with protective put options trading at a slight premium relative to calls in a sign of renewed bearish sentiment.IBIT fell 1.32% to $59.99 Thursday, while registering a net inflow of $125 million, the lowest single-day tally since May 13, according to data source SoSoValue.Source link...

By Francisco Rodrigues (All times ET unless indicated otherwise)Cryptocurrency markets fell Friday as renewed concerns over U.S. trade policy unsettled traditional markets and outweighed news that otherwise might be seen as positive for the industry.The CoinDesk 20 (CD20) Index, a measure of the broad crypto market, fell 4.4% to 3,129 in the past 24 hours. And while bitcoin BTC slipped 2.8% to around $105,300, it's worth keeping in mind the largest cryptocurrency has held above $100,000 for more than 20 consecutive days in a sign of persistent investor demand. The sell-off came as a U.S. appeals court reinstated trade tariffs blocked by a lower court, which had ruled them illegal. The reversal reignited concerns of an extended trade war. Treasury...

SUI plummeted 9.25% from $3.72 to $3.38, with heaviest selling during midnight hours UTC on volume 78% higher than daily averageThe recent correction comes amid broader geopolitical tensions affecting cryptocurrency markets globally. While Bitcoin has shown resilience above critical resistance zones, SUI has faced downward pressure despite strong fundamentals. The Cetus Protocol exploit that resulted in $223 million in stolen assets (with $162 million frozen) has created uncertainty, though the Sui community appears poised to approve a recovery plan with 71% of validators already voting "yes" to return the frozen funds.Technical Analysis BreakdownSUI-USD dropped from a high of $3.728 to a low of $3.383, representing a 9.25% correction.Strongest selling pressure occurred during the midnight hour (00:00) with 4.0% price drop...

In the past 24 hours, Uniswap's native token UNI experienced a marked decline due to volatile market conditions. The price movement from $7.119 to $6.532 indicates substantial downward pressure, amplified by macroeconomic factors like overall market bearish trends and investor sentiment. At the same time, microeconomic elements, including Uniswap's latest protocol advancements and strategic interest from crypto whales, provide counterbalancing support points, potentially staving off further price declines. Despite the dip, long-term confidence might build as Uniswap gains traction with its latest innovations, suggesting strategic investor consideration.Technical Analysis HighlightsUNI price plummeted from $7.119 to $6.532 in 24 hours.Intermediate support was found at $6.40, buoyed by significant trading volumes, according to CoinDesk Research's technical analysis data model.The price attempted recovery reaching...

Ether.fi, the restaking protocol turned neobank with $6.8 billion in user deposits, has announced the roll out of Ether.Fi Hotels, a feature that lets users book luxury hotels around the world using their Ether.fi Cash cards.The firm pivoted to become a neobank last month, offering traditional banking services coupled with its existing native decentralized finance (DeFi) features like yield via Ethereum restaking.The latest feature is in partnership with Entravel, a travel booking platform that has thousands of hotel brands across the world. Users will also receive 5% cash back for every booking made with the Ether.fi Cash card."This integration brings us one step closer to making crypto usable in everyday life," Mike Silagadze, CEO of ether.fi, told CoinDesk. "Ether.fi Cash...