Coinbase said on Friday its markets are being placed in “cancel only” mode but will begin to re-enable trading “shortly.”
Macroeconomist Lyn Alden states Bitcoin is in its weakest sentiment cycle, emphasizing its need to rely on fundamentals. This follows Strategy's $216 million Bitcoin sale, raising concerns about leverage and market dynamics.
US spot Bitcoin ETFs saw nearly $500 million in inflows over two trading sessions, ending a streak of outflows. However, demand in the broader spot market remains weak, indicated by a persistent negative Coinbase Premium Index and negative on-chain demand metrics, suggesting a relief rally rather than confirmed accumulation.
BonkDAO's treasury lost approximately $20 million in BONK due to a malicious governance proposal. Attackers reportedly amassed $4 million in BONK before the vote, exploiting low participation and token-weighted approval to bypass security measures. The incident highlights operational security challenges for DAOs.
BonkDAO's treasury was drained of approximately $20 million in BONK tokens due to a malicious governance proposal. Attackers reportedly amassed $4 million in BONK before the vote, exploiting low participation and token-weighted approval to bypass security measures. This incident highlights operational security challenges for DAOs.
Bitcoin's market dominance has fallen to a one-month low of 54%, while "Others" (excluding BTC, ETH, stablecoins) climbed to 24.68%. This shift is driven by altcoins with real protocol fees, buyback programs, or institutional integration, signaling a move away from broad "everything pumps" alt seasons.
Over 50% of Bitcoin is currently held at a loss, a metric K33 says historically indicates a market cycle bottom is near. Past cycles bottomed within weeks of this signal, though spot Bitcoin ETFs may alter current dynamics.
