Coindesk

Long-term holders of bitcoin (BTC) seem to ended their selling spree, a change in strategy that's helped convert the psychological $100,000 resistance price into a support level for the first time.With one, short-lived exception, the largest cryptocurrency has held above $100,000 since Jan. 17. The past few days have been extremely volatile due to President Donald Trump's inauguration, which saw a spike in volatility.Long-term holders, or investors who have held bitcoin for over 155 days, have been among the biggest contributors to selling pressure on the market, according to CoinDesk research in December. They are deemed "smart money" because they tend to buy when bitcoin prices are depressed and sell into strength, a pattern that's been observed over the past...

On Tuesday, bitcoin (BTC) options trading on the Chicago Mercantile Exchange (CME) showed the strongest bullish sentiment since Donald Trump's Nov. 5 election victory.Traders scrambled to buy calls, or options offering asymmetric upside exposure, driving the skew higher to 4.4%, the most since early November, according to data tracked by digital assets index provider CF Benchmarks. Skew is the difference in implied volatility between calls and puts, or options offering downside protection, and positive values represent a bullish sentiment."Thirty-day topside skew in the bitcoin options market has reached levels not seen since the November election results," Thomas Erdösi, head of product at CF Benchmarks, told CoinDesk. "This reflects a strong bullish sentiment, with traders actively positioning for upside exposure across...

Jupiter, a Solana-based decentralized exchange, will airdrop 700 million JUP tokens to its community on Wednesday in what it is calling the "largest airdrop in history."The airdrop is a part of the project's annual "Jupuary" event, which was voted into existence alongside another event in 2026 in a governance vote in December. It is scheduled to start at 15:30 UTC.Initial concerns were raised about the sustainability of supply increase, prompting the proposal to be amended to include a token audit and burn schedule over the next month.At the time of writing JUP is trading at $0.87 after sliding by 2% over the past 24 hours. The total value of the airdrop is set to be $612 million.Source link

Eric Conner, a prominent core developer at Ethereum, has left the ecosystem community after a nearly 11-year affiliation citing network co-founder Vitalik Buterin's dismissal of a leadership shake-up proposal.Conner is a co-author of EIP-1559, the major network change that shifted how transaction fees worked on Ethereum. He isn't officially employed by Ethereum but has advised, invested, and was among those who led the charge on ecosystem growth since its early days.Conner is joining AI-focused protocol Fresya.AI, he said in a follow-up X post.Buterin swatted calls for changing the leadership structure at the Ethereum Foundation, which oversees the development of the second-largest blockchain by market cap.Buterin said on X that he wants to create a "board" to manage the foundation, but...

Solana's validators experienced a record influx of over 100,000 SOL, worth nearly $25.8 million, in fees and tips due to intense trading activity of the TRUMP and MELANIA tokens.The peak occurred on Jan. 20, with validators receiving over 87,000 SOL, driven largely by the TRUMP token's rally, before MELANIA attracted bets. The surge in activity led to 24.7 million transaction bundles to ensure success.Of the 4.5 million daily active users on Solana, 1.5 million were unique tippers, showcasing interest in token sniping on platforms like Meteora and Orca.Bundles on Solana refer to collections of transactions that are grouped together and sent to validators for processing. Tippers are users or bots who include additional fees (or tips) in their transactions to...