Bitcoin (BTC) traders are closely watching a potentially significant bullish signal that has historically preceded major price rallies. While this indicator suggests a "massive" price upswing could be on the horizon, on-chain data reveals persistent selling pressure, indicating that a recovery might be delayed as market participants adopt a more defensive stance.
Layer-1 blockchain network Hyperliquid has experienced a significant surge in trading activity, with its "Builder-Deployed Perpetuals" reaching an all-time high of $793 million in open interest. This rapid growth is largely attributed to a recent boom in commodities trading, marking a substantial increase from previous months.
TRON (TRX) is currently retesting a significant demand zone, sparking optimism among analysts for a potential rally. The cryptocurrency has solidified its position as a leading stablecoin settlement network, bolstered by strategic investments and strong network performance.
Matcha Meta, a trading platform developed by 0x, has issued a critical security alert regarding a vulnerability in its integrated aggregator, SwapNet. The exploit has led to the draining of over $16.8 million in cryptocurrency, primarily affecting users who had disabled Matcha's One-Time Approval feature and granted direct token approvals to individual aggregator contracts.
A severe winter storm, dubbed Frenan, has swept across the United States, causing significant disruptions to Bitcoin mining operations. Foundry USA, a major player in the industry, experienced a dramatic 60% drop in its hashrate, impacting the overall Bitcoin network's block production efficiency. This event underscores the vulnerability of large-scale mining to extreme weather and energy grid instability.
Ethereum treasury firm ETHZilla has made a significant strategic shift, selling a substantial portion of its Ether holdings to acquire two CFM56-7B24 aircraft engines for $12.2 million. This move, executed through its newly formed subsidiary ETHZilla Aerospace LLC, marks a departure from its core crypto treasury operations into the physical asset market, signaling a broader ambition to tokenize real-world assets.
Litecoin and ONDO have entered a corrective phase after experiencing significant gains in early January. This market shift has prompted investors to re-evaluate their strategies, with a growing focus on cryptocurrencies demonstrating clearer supply dynamics, defined timelines, and tangible product usage.
The United Kingdom's financial regulator is on the cusp of finalizing key cryptocurrency regulations, marking a significant step in the government's broader crypto roadmap. The Financial Conduct Authority (FCA) has initiated the final consultation phase, seeking public feedback on ten proposed rules designed to foster a more trustworthy and sustainable digital asset market.
The Tezos layer-1 proof-of-stake blockchain network has successfully implemented its latest protocol upgrade, codenamed Tallinn. This significant update, which went live on Saturday, dramatically reduces block times on the base layer to just 6 seconds. This marks the 20th upgrade for the protocol, aiming to enhance network speed, reduce storage costs, and improve overall latency for faster transaction finality.
A recent survey conducted by Coinbase indicates a strong belief among institutional investors that Bitcoin is currently undervalued. Despite recent market fluctuations and geopolitical concerns, a significant majority of these investors maintain a positive long-term outlook on the cryptocurrency, with many indicating a willingness to increase their holdings.