Bitcoin Open Interest Hits New Peak as Price Dips Below $111K
The open interest (OI) in Bitcoin futures has surged to an all-time high, highlighting rising market activity and speculation as traders prepare for potential new record highs. Data from CoinGlass shows that Bitcoin futures OI topped $80 billion on May 23 — a 30% rise since the beginning of the month. This spike suggests that […]
US Spot Bitcoin ETFs Close In on Record-Breaking Month With $1.5B Inflows Over Two Days
Spot Bitcoin exchange-traded funds (ETFs) in the United States are on track for a potentially historic month, as recent inflows have significantly contributed to Bitcoin’s surge to new all-time highs, fueled by increasing institutional interest. According to data from Sosovalue, U.S.-based spot Bitcoin ETFs attracted more than $1.5 billion in combined inflows across May 21 […]
Lawmakers Urge DOJ to Investigate Trump’s Controversial Crypto Dinner
A group of 35 U.S. House Representatives is pushing for a Justice Department investigation into a private dinner hosted by Donald Trump on May 22, which reportedly brought together key investors in a memecoin linked to the former president. The lawmakers raised concerns about possible violations of federal law, including foreign influence on American politics […]