Coindesk

BNB's impressive 24-hour rally showcases the growing strength of the Binance ecosystem amid broader crypto market optimism.The token's upward momentum coincides with Bitcoin's approach toward new all-time highs and increased activity across the BNB Chain, which recently recorded over 8 million daily transactions and 2 million active wallet addresses. Technical indicators remain bullish for BNB, with strong support established at $682 and multiple tests of this level showing sustained buyer interest despite minor resistance around $684, according to CoinDesk Research's technical analysis data model.Technical Analysis HighlightsPrice action formed a clear uptrend with significant volume spikes at the 15:00 and 16:00 hours on May 21st (183K and 186K respectively).Strong volume support established around the $663-$670 zone.The asset encountered resistance near $689.35...

A single trader has opened a massive $1.1 billion notional long position on bitcoin (BTC) using 40x leverage on the onchain decentralized exchange (DEX) Hyperliquid, a rare instance of a ten-figure position being open entirely on a blockchain-based platform.The trade is tied to wallet address “0x507,” belonging to pseudonymous trader “James Wynn” on the platform.Lookonchain data shows the position was opened at an entry price of $108,084, with a liquidation level just under $103,640 — meaning if BTC drops to that price, the position could be wiped out. The trade is sitting on over $40 million in unrealized profit as of early Thursday.Wynn closed 540 BTC (~$60M) in European morning hours to lock in a $1.5 million profit. Notably, his...

Bitcoin (BTC) Pizza Day is here and it just got its most fitting tribute yet: a new all-time high.Bitcoin surged past $111,800 early Thursday, setting a fresh record. 15 years ago on this day developer Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas, then worth roughly $40.The May 22, 2010, purchase marked the first recorded commercial transaction using BTC, a turning point that took the asset from cypherpunk code to actual currency.That same 10,000 BTC can buy over 70 million pizzas at current prices. It is worth over $1.1 billion as of Thursday.Hanyecz has long shrugged off the missed fortune” tag, telling CBS in 2019 that the transaction made bitcoin “real” to him. He mined the coins back...

Bitcoin's (BTC) price has surged to record highs, sparking optimism among investors. However, expected hedging activities of market makers/dealers, often an invisible force, at certain price levels, may slow the ascent.The leading cryptocurrency topped the $111,000 mark during the Asian hours, with analysts anticipating stronger demand."The OTC supply may be drying up, driving up prices. This would not be reflected in exchange trading volumes or the derivatives market. If this is the case, get ready for a wild ride, as more demand is coming on board with a competitive bitcoin corporate treasury environment and, perhaps, a less elastic OTC spot market," Alexander S. Blume is the founder and CEO of Two Prime, an SEC-Registered Investment Advisor, said in a Telegram chat.Blume...

SHIB's remarkable resilience during the recent trading session demonstrates growing investor confidence despite market turbulence. The token's ability to recover from a sudden drop to 0.0000143 with extraordinary volume support suggests institutional accumulation rather than retail panic. With the psychological support at 0.000015 holding firm and multiple tests of upper resistance, SHIB appears poised for potential continuation of its upward trajectory if current accumulation patterns persist.Technical Analysis HighlightsSHIB demonstrated remarkable resilience over the 24-hour period, climbing from 0.0000146 to 0.0000150, representing a 2.85% gain with a range of 0.00000081 (5.64%).The token experienced significant volatility at 17:00 when price plummeted to 0.0000143 before finding strong volume support. A massive 2.83 trillion volume spike—nearly 4x the average—provided crucial support during the recovery...