Cryptonews

Fresh off the press, new derivatives data shows that traders are in full-on “cautious mode” right now. Open Interest (OI) across OP markets has been stuck between $54.3 million and $54.5 million like it’s a hamster wheel no one wants to leave. Looks like traders are waiting for the inevitable market breakout before committing to any long or short positions. Nothing says “I’m cautiously optimistic” quite like a stagnating OI. Just don’t expect any fireworks unless someone gets bold enough to make a move.

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Meanwhile, the crypto market threw a rather tepid soiree over the past 24 hours. Bitcoin (BTC) and Ethereum (ETH) pranced about in positive territory, while Dogecoin (DOGE) and Litecoin (LTC) sulked in the corner, trading red like a pair of overcooked lobsters. 📉

SPX6900 is making waves this week, folks. After scraping the bottom near $0.44 on Monday (you know, just a casual dip), it’s now bouncing up like a meme coin that had one too many Red Bulls, sitting comfortably around $0.56. Those green candles on the chart? Pure meme magic.

Behold! A whale on Hyperliquid, the master of misery, has turned a massive $24 million profit on Bitcoin shorts. Analytics platform Lookonchain identified this audacious trader, 0x5D2F, who’s been holding his short position on Bitcoin for over six months. A true glutton for pain – and profit.

He declared, with the gravitas of a man who has seen too many scams, that the official crosschain contracts of Shiba Inu, those mystical links between chains, are proudly displayed on the sacred website of SHIB itself. Any who claim otherwise are, he suggests with a wink, probably trying to pull a fast one-perhaps even attempting to steal what little remains in the pockets of the faithful. Be wary, dear holders, lest your tokens vanish like smoke in a windy alley. 😏

Digitap, you see, is not just a bank-it’s an omni-bank, a financial Swiss Army knife! Instant payments, deposits, withdrawals, transfers-you name it, it does it, all while flipping the bird to KYC requirements. 🏦✨ With its presale price lingering under $0.03, $TAP is like a golden ticket to Wonka’s factory, offering potential returns that’ll make your wallet do the happy dance. XRP, on the other hand, is more like a cup of lukewarm tea-reliable but hardly thrilling. 🍵😴

Ethereum co-founder Vitalik Buterin, in a dramatic flair worthy of a reality TV meltdown, warned that Ethereum’s soul is at risk if BlackRock keeps hoarding ETH like it’s the last buffet line at a corporate retreat. “Existential threats? Yes. NFTs of my face? No. Not yet,” he sighed.

A growing rift between Core Foundation and Maple Finance has reached a crescendo, as a Cayman Islands court blocked Maple’s syrupBTC rollout. Core argues that Maple broke their agreement on lstBTC, the Bitcoin yield product they once cherished. 🎭

Last month, Bloomberg reported that some influential investors in Asia were gearing up to launch an Ethereum trust. The group involved the likes of Li Lin, founder of Huobi cryptocurrency exchange, Shen Bo, co-founder of Fenbushi Capital, and Xiao Feng, chairman and CEO of HashKey Group. 🐋💸