Key Takeaways:
- A wave of crypto-related IPOs suggests insiders are locking in profits
- ETF inflows into BTC and ETH decline significantly
- Broader market momentum is weakening, turning near-term outlook bearish
Bearish Signals Accumulate - Our Case for Going Defensive
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Latest
SharpLink Posts $686 Million Loss on ETH Price Slide, Announces $125 Million Onchain Yield Fund With Galaxy
The headline GAAP loss is almost entirely non-cash. The more consequential development is SharpLink's shift from basic staking into institutional-grade DeFi yield strategies, formalised in a new fund with Galaxy Digital.
What's in Store for Bitcoin Above $81k?
Bitcoin hovers above $80K with momentum building toward $83.4K, but traders brace for a CPI-driven move as overbought signals and geopolitical tension threaten a near-term pullback.
Bithumb Signs Deal With Vietnam's Largest Securities Firm to Build Local Crypto Exchange
The MOU, signed in March and announced Thursday, pairs South Korea's second-largest exchange with SSI Digital as Vietnam prepares to license its first regulated trading platforms.
a16z Leads $300 Million Round in Digital Asset as Canton Network Gains Wall Street Traction
The raise values the blockchain infrastructure company at $2 billion and comes days after Andreessen Horowitz closed its $2.2 billion Crypto Fund V.