Crypto news

In a digital scroll (X post), Ardi noted that Bitcoin’s price and open interest have diverged like two travelers on a cosmic express train with no idea where it’s going. Over six weeks, BTC climbed from $60,000 while open interest plummeted. Ardi explained this isn’t due to new buyers but because short-sellers, who had bet against Bitcoin like it was the last buffet on Earth, decided to cash in and buy a small island. “They locked profit. They exited. That exit pressure pushed the price up,” he said. Unfortunately, this isn’t the same as fresh demand, which would require something resembling hope.

The product will track the price of HYPE (net of fees) and may also incorporate staking rewards, subject to conditions. The fund intends to be listed on Nasdaq and will carry the ticker GHYP. A splendid notion, if you enjoy a good futurist forecast with a side of paperwork.

SpaceX, that most daring of modern-day Don Quixotes, hurled 29 Starlink satellites into the cosmos on March 19 via a Falcon 9 rocket, as if to say, “Behold, I’ve conquered gravity and the stock market alike!”

But beyond mere price shenanigans, our trusty on-chain data has donned its detective hat, providing a rather insightful glimpse into the social lives of the whales-those grandiose creatures of the crypto deep. As our sage CryptoQuant analyst, the illustrious Arab Chain, would have it, the Ethereum Exchange Inflow (Top10) metric on Binance is the key to unlocking the secrets of these aquatic titans, tracking their transfers from the plush confines of their wallets to the bustling exchange.

TLDR (Because who has time for nuance?):

HYPE’s trading patterns recently show a period of stabilization within a generally rising trend. Most key moving averages indicate a continued upward direction, with 12 out of 14 suggesting a buying opportunity. However, indicators like RSI, Stochastic, and CCI aren’t currently showing strong momentum, meaning the price hasn’t definitively broken out to a new high. Overall, the trend is still positive, but a strong move upward hasn’t been confirmed yet.

According to sources “familiar with Capitol Hill chatter” (read: interns with burner phones), Senate Banking Committee members may have struck a “compromise,” which in Washington parlance means everyone got half of what they wanted and twice the loopholes. The Agriculture Committee, ever the eager beaver, already staged a procedural vote back in January, because nothing says urgency like a three-month head start.

Behold, the spectacle of PI: a mid-cap, dilutive relic, trading not on cash-flow or utility but on the fever-dream of a narrative. Its chart? A dead cat bouncing, a 30% plunge in some fiat pairs, a 7% rupee bounce-a farce of volatility. Daily volume? A mere whisper in the tens of millions, enough to let traders play god with its price, but nothing to rival the titans of Layer 1. By 2026, it may linger near 0.17 dollars, a 94% fall from its 2025 peak-a post-launch repricing so brutal it would make a Roman emperor weep.

In the dusty plains of the crypto frontier, Ledger has decided it’s time to put on a suit and tie. The company, known for its hardware wallets-those little devices that keep your Bitcoin safer than a miser’s mattress-has hired John Andrews, a former Circle executive, as its new CFO. Andrews, a man who’s spent more time in boardrooms than most of us have in our own living rooms, is tasked with steering Ledger toward a U.S. IPO. Because nothing says “we’ve made it” like ringing the Nasdaq bell.

Let’s not call this a “bull run” – that’s too dignified. This is more like a stampede of clueless cows wearing “I’m a Short Seller” signs. The buying pressure? Two months in the making, folks. And now it’s clashing with the heaviest concentration of leveraged short positions since the Great Crypto Crash of 2026. Spoiler: The cows are winning. For now.