CME hedge funds turn bullish on Bitcoin in a rare move, with institutions betting on price gains

The CEO of CryptoQuant noted that, influenced by inflows into spot ETFs, CME hedge funds have unwound their carry trades and, in a rare move, turned net long on Bitcoin futures, signaling rising institutional bullish sentiment—though the sustainability of this trend remains to be seen.

Zhitong Finance16:44

Bitcoin Steadies Above $65,000 as Iran-Oman Deal Talk Eases Hormuz Concerns, Lifts Risk Assets

CoinDesk16minutes ago

Express News | Tether Treasury burned 1.75 billion USDT on Ethereum

Breakings16:00

HK Stocks Move | Ying Universe (03700) Drops Over 8% After Profit Warning; H1 Net Profit Expected to Decline by More Than 30%, with Significant Impairment on Company-Held Cryptocurrencies

InnoSpace (03700.HK) fell more than 8% following its profit warning. As of the time of writing, it was down 8.42% at HK$0.925, with a trading volume of HK$4.9804 million.

Zhitong Finance15:41

Over $50.4 million settled within 24 hours, as short sellers suffer heavy losses—revealing the true nature of market volatility

The total liquidation volume in the cryptocurrency derivatives market exceeded $50.4 million within 24 hours, with 74.11% attributed to short sellers. Significant short positions in Bitcoin, Ethereum, and Solana were unwound, and analysts warned of the risks associated with high leverage, noting that this event reflects a routine market adjustment rather than a systemic crisis.

Zhitong Finance14:07

Express News | Former Ethereum Foundation Member: Founders Cannot Rely on the Foundation to Help Achieve Product-Market Fit

Breakings13:43