Coindesk

Crypto traders aiming to profit from a volatility surge should watch the Binance-listed ether-bitcoin (ETH/BTC) ratio, which could soon experience wild swings, according to a key indicator called Bollinger Bands.Bollinger Bands are volatility bands placed two standard deviations above and below the 20-day simple moving average of an asset's price.The so-called Bollinger band squeeze occurs when the bands contract tightly around the price, suggesting low volatility and a period of consolidation. The market typically builds energy during the squeeze, which is eventually released in either direction, leading to a volatility explosion.The Bollinger Bands on the ETH-BTC chart are now the tightest they have been since June 2020, according to TradingView.The squeeze indicates that ether could soon experience increased volatility against...

The Solana Foundation has disclosed a previously unknown vulnerability in its privacy-focused token system that could have allowed attackers to forge fake zero-knowledge proofs, enabling unauthorized minting or withdrawals of tokens.The vulnerability was first reported on April 16 through Anza’s GitHub security advisory, accompanied by a working proof-of-concept. Engineers from Solana development teams Anza, Firedancer, and Jito verified the bug and began working on a fix immediately, per a post-mortem published Saturday,The issue stemmed from the ZK ElGamal Proof program, which verifies zero-knowledge proofs (ZKPs) used in Solana’s Token-22 confidential transfers. These extension tokens enable private balances and transfers by encrypting amounts and using cryptographic proofs to validate them.ZKPs are a cryptographic method that lets someone prove they know or...

Honeymoons and luxury vacations could soon be outpaced by crypto as the main draw for the island nation of Maldives.A Dubai-based family office plans to invest up to $8.8 billion in a blockchain-focused financial hub in the Maldives, part of an effort by the island nation to expand beyond its reliance on tourism and fisheries and address mounting debt obligations.The investment, led by MBS Global Investments, will be deployed over five years and is structured around a new joint venture with the Maldives government. The planned capital outlay exceeds the country’s GDP of around $7 billion. It will be funded through equity and debt, with preliminary commitments already exceeding $4 billion.Finance Minister Moosa Zameer described the initiative as a step...

Bitcoin (BTC) opened the trading week flat above $94,000 as traders waited for news from Beijing on the progress of a trade deal with the U.S.The CoinDesk 20 (CD20), a measure of the performance of major digital assets, was down 1.5%, trading below 2,700.Major markets in Asia were closed on Monday, with Hong Kong, mainland China, Japan, and Korea closed, leading to thin liquidity and trading volumes.A potential thaw in U.S.–China trade relations dominated macro headlines. Over the weekend, China’s Commerce Ministry said it was reviewing a U.S. proposal to resume negotiations, while President Trump hinted Beijing “wanted to do a deal.”Polymarket bettors are skeptical, however, with prediction markets giving a 21% chance that a trade deal will be reached...

In the crypto market, bold predictions aren’t just talk - they’re backed by real dollars, often through option plays that resemble lottery tickets offering outsized upside for relatively small costs.The stand-out as of writing is the Deribit-listed $300,000 strike bitcoin call option expiring on June 26. Theoretically, this call is a bet that BTC's spot price will triple to over $300,000 by the end of the first half of the year.Over 5,000 contracts were active in the June $300K call at press time, with a notional open interest of $484 million. That makes it the second-most popular option bet in the crucial June expiry, trailing only the $110K call.Deribit is the world's leading crypto options exchange, accounting for over 75%...