Analysis: "BTC Futures Open Interest at All-Time High... Short Position Liquidation Pressure Increases"
As BTC perpetual futures open interest reached an all-time high, analysis suggests increasing short position liquidation pressure. Citing Coin Glass data, Cointelegraph reported that "BTC perpetual futures open interest reached $72 billion, an 8% increase from the previous week, marking an all-time high. Although BTC has failed to break through the $107,000 resistance line since May 18, this surge in leveraged positions increases the possibility of setting a new all-time high." It further explained, "Currently, about $1.2 billion in short positions are concentrated in the $107,000-$108,000 range. While it's difficult to predict the catalyst for breaking this price level, BTC optimism is spreading amid growing concerns about US fiscal debt. Additionally, as US 20-year Treasury yields rise, potential Federal Reserve intervention in the bond market to stabilize markets could lead to dollar weakness, potentially further strengthening the preference for alternative assets like Bitcoin."
World's Largest Private Equity Firm Blackstone Discloses BTC Spot ETF Holdings
Blackstone, the world's largest private equity fund manager, has disclosed holdings of BlackRock's BTC spot ETF, IBIT. This is the first time Blackstone has revealed its BTC position. According to Ublock, as of March 31, Blackstone's Alternative Multi-Strategy Fund holds 23,094 shares of IBIT.
[The rest of the translation follows the same professional and accurate approach, maintaining the specified cryptocurrency term translations.]This month, Ethereum's (ETH) total locked-up deposit (TVL) market share dropped to 50.88%, recording its lowest level since 2022, as reported by Unfolded.
Analysis: "ETH Captures Bullish Signal on Technical Indicators"
An analysis suggests that Ethereum is showing a bullish signal on technical indicators, with potential to rise to $3,600. Cointelegraph explained, "Based on the daily ETH chart, a bull flag pattern has formed. ETH is currently forming a box range between $2,400 and $2,750. A typical upward continuation pattern has emerged after ETH's sharp rise from $1,900 to $2,730, followed by a flag-shaped adjustment period. Breaking above $2,600 could open up potential to rise to $3,600. However, in the short term, the $3,000-$3,100 range is a key resistance level."
BTC Realized Cap Surpasses $90 Billion, 'All-Time High'
Glassnode reported via X that Bitcoin's Realized Cap has exceeded the all-time high of $90 billion.
US SEC Crypto Task Force Plans to Release First Activity Report
SEC Chairman Paul Atkins testified at a congressional hearing that he plans to release the first activity report of the cryptocurrency task force within the next few months. He did not respond to questions about the budget used for the SEC's crypto task force.
Telegram Founder Claims France Requested Blocking Conservative Accounts
Telegram founder Pavel Durov claimed he was asked by the French Foreign Intelligence Service (DGSE) to block accounts of conservative figures in Romania. According to Decrypt, he stated on X, "They met with me under the pretext of fighting terrorism and child pornography, but child pornography was not even mentioned. Their main interest was always geopolitical issues in Romania, Moldova, Ukraine, etc." The DGSE is reportedly requesting IP logs of users related to political conversations. The French European Foreign Affairs Department completely denied his claims.
Stacks Reveals Roadmap, Pushes DeFi Growth Plan
Stacks (STX), a Bitcoin Layer 2 platform, announced via its official X that it plans to pursue a roadmap including building the Stacks economic system, DeFi growth plans, improving block production and processing speed, and launching decentralized sBTC.
Zero-Knowledge Proof Startup Succinct Launches Next-Generation zkVM
The Block reported that zero-knowledge (ZK) proof startup Succinct has launched its next-generation zkVM, SP1 Hypercube. Succinct stated, "This solution successfully generated blocks within 12 seconds on the Ethereum network, with characteristics of improving native rollup security and interoperability without compromising verifiability and decentralization. In a test processing 10,000 blocks on the Ethereum mainnet, 93% of blocks were proven in real-time, with an average proof time of just 10.3 seconds."
Ethereum Co-Founder Withdraws Kraken Deposit Amount... "Likely Not for Selling"
LookOnChain reported that an address believed to belong to Ethereum co-founder Jeffrey Wilcke withdrew approximately $262 million worth of ETH from Kraken to eight new addresses about an hour after depositing. LookOnChain explained that this transfer might be a simple wallet movement, not intended for selling.
105,735 ETH Transferred... Anonymous → Kraken
According to Whale Alert, 105,735 ETH was transferred from an anonymous address to a Kraken address, amounting to $260 million.
Validation Cloud Launches Web3 AI Engine on Hedera
Cointelegraph reported that Validation Cloud, a Web3 infrastructure service provider, has launched the Web3 AI engine Mavrik-1 on the Hedera (HBAR) network. The engine is characterized by enabling users to use DeFi protocols and blockchain data through natural language queries without specialized knowledge.
Solana Co-Founder Warns of SNS Account Hijacking Attempt
Solana co-founder Raj Gokal posted on X, "Last week, I detected attempts by hackers to hijack my email, SNS, Google, and Apple accounts. Be particularly cautious as there might be attempts to impersonate me and raise funds through token launches."
Binance Pay Supports Brazilian Payment Platform Pix
Binance CEO Richard Teng announced on X that Binance Pay now supports the Brazilian digital payment platform Pix. This allows Pix users to pay for cryptocurrencies through Binance Pay.
US Stock Market's Three Major Indices Close Lower
The US stock market's three major indices closed lower.
S&P500: -0.39%
Nasdaq: -0.38%
Dow: -0.27%
BTC Surpasses $107,000
According to Coinness market monitoring, BTC has surpassed $107,000. BTC is trading at $107,000 on the Binance USDT market.
BTC Surpasses $106,000
According to Coinness market monitoring, BTC has surpassed $106,000. BTC is trading at $106,022.52 on the Binance USDT market.
