funding

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0052%. Among the current mainstream exchanges, the rate on Binance is 0.0018%, OKX is -0.0059%, Bybit is 0.0011%, and Gate is -0.0197%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0118%. Among the current mainstream exchanges, the rate on Binance is -0.0107%, OKX is -0.0087%, Bybit is -0.0001%, and Gate is -0.023%.

Polish Prime Minister Donald Tusk stated that a cryptocurrency company linked to "Russian gangs and intelligence agencies" is funding political opponents and influencing domestic cryptocurrency regulatory legislation.During a parliamentary vote on Friday, Tusk pointed out that some Polish politicians obstructing cryptocurrency regulatory legislation are serving the interests of a company named Zondacrypto, which is accused of providing "financial support" to political figures and has ties to Russia. Tusk further claimed that the company sponsored the CPAC (Conservative Political Action Conference) event held in Poland last year, during which former U.S. Secretary of Homeland Security Kristi Noem publicly supported President Karol Nawrocki's campaign. Tusk bluntly stated that the company's funding sources involve not only "money related to the Russian mafia (Bratva)" but may also be connected to Russian intelligence agencies.Meanwhile, President Nawrocki won the election in June last year, with support from former U.S. President Donald Trump. The president's office responded that it does not oppose cryptocurrency regulation itself but opposes the "flawed regulatory model" proposed by the government. This controversy arises amid the political tug-of-war in Poland over the cryptocurrency regulatory bill. The bill aims to align with the EU's MiCA (Markets in Crypto-Assets Regulation) framework, but the president previously vetoed the related bill and blocked parliament from overturning the veto in December, hindering the regulatory process.

The enterprise-focused digital banking platform Slash announced the completion of a $100 million Series C financing round, led by Ribbit Capital, with Goodwater Capital and Khosla Ventures co-leading. The post-money valuation is approximately $1.4 billion, with total financing reaching $160 million.Slash claims to serve over 5,000 corporate clients, offering features such as corporate accounts, virtual accounts, stablecoin payments, expense management, accounting automation, and real-time payments. The company stated it will use the new funds to accelerate product iteration and promote its strategy of "bank accounts as the financial command center for businesses."

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0004%. Among the current mainstream exchanges, the rate on Binance is 0.0007%, OKX is 0.0044%, Bybit is -0.0041%, and Gate is 0.0029%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0009%. Among the current mainstream exchanges, the rate on Binance is 0.0027%, OKX is -0.0004%, Bybit is -0.0017%, and Gate is -0.0024%.

According to CoinDesk, Bitcoin is currently priced at $74,700, down 0.4% in the last 24 hours. News of ceasefire negotiations between the U.S. and Iran has boosted risk sentiment, with the S&P 500 index reaching a record high on Thursday. Trump stated that the prospects for a permanent ceasefire between the U.S. and Iran "look very optimistic," claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not yet confirmed these concessions.Meanwhile, the market is closely monitoring the structural signals behind Bitcoin's price movements. ZeroStack CEO Daniel Reis-Faria stated, "The funding rate is so negative that it indicates the market is heavily short. If Bitcoin continues to rise in this context, a large number of short positions may be forced to close, further accelerating the price upward." He predicts that if the short base is forced to cover, Bitcoin could reach $125,000 within the next 30 to 60 days.On-chain analyst CryptoVizArt provided another perspective: Bitcoin's "True Market Mean" (TMM) shows that the average cost basis of active holders is currently above the market price, indicating that holders are overall in a state of unrealized losses. Since 2016, consistently falling below this mean has often coincided with Bitcoin's most severe downturns, including the bear market from 2018 to 2019 (with a maximum drop of 57%, lasting 282 days) and the decline following the Luna and FTX collapses from 2022 to 2023 (with a maximum drop of 56%, lasting 339 days).Analysts point out that these two judgments are not mutually exclusive—the short squeeze triggered by the extremely negative funding rate and the structural pressure of overall unrealized losses among active holders can coexist. The former may trigger a significant rise, but ultimately could be absorbed by selling from the latter. The future market direction may depend on whether the U.S.-Iran ceasefire can be sustained after its expiration next week.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0005%. Among the current mainstream exchanges, the rate on Binance is 0.0008%, OKX is -0.0002%, Bybit is 0.0051%, and Gate is -0.0014%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0015%. Among the current mainstream exchanges, the rate on Binance is 0.0033%, OKX is 0.0009%, Bybit is 0.0019%, and Gate is -0.0028%.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0017%. Among the current mainstream exchanges, the funding rate for Binance is -0.0037%, OKX is -0.0042%, Bybit is -0.0066%, and Gate is 0.002%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0023%. Among the current mainstream exchanges, the rate on Binance is -0.0022%, OKX is -0.0013%, Bybit is -0.0081%, and Gate is -0.003%.

CoinDesk analyst James Van Straten stated that the Bitcoin funding rate has fallen to its lowest level since 2023, and historical patterns show that such signals often coincide with market bottoms. According to Glassnode data, the seven-day moving average of the funding rate has dropped to about -0.005%.The funding rate is the fee that long and short positions pay each other periodically in perpetual contracts to keep the contract price aligned with the spot market. When the rate is positive, longs pay shorts, reflecting bullish market sentiment; when the rate is negative, shorts pay longs, indicating a bearish market. Despite the funding rate being persistently negative from March to April this year, Bitcoin still oscillated upward from the $60,000 to $65,000 range to about $75,000. Historically, a deeply negative funding rate often coincides with Bitcoin's phase bottoms: during the market crash triggered by the COVID-19 pandemic in March 2020, Bitcoin fell to about $3,000; it dropped to $30,000 during China's mining ban announcement in 2021; it hit a low of about $15,000 during the FTX collapse in November 2022; and it briefly fell below $20,000 during the Silicon Valley Bank crisis in 2023. During the yen arbitrage trade closure in August 2024 and the "Liberation Day" sell-off in April 2025, negative funding rates also appeared alongside phase lows. The continued negative funding rate indicates that even if the price trend is positive, short positions remain at a high level. This divergence may suggest that the market is climbing within a "wall of worry," and a large number of short positions could become fuel for further price increases.

According to Cruncbase, financial compliance startup Spektr announced the completion of a $20 million Series A funding round, led by New Enterprise Associates, with participation from Northzone, Seedcamp, and PSV Tech, bringing the total funding to $26 million to date.The company primarily provides AI Agent-based compliance services to cryptocurrency wallet service providers, including Phantom, as well as traditional financial companies, including risk assessment and sanctions list monitoring.

Financial compliance startup Spektr announced the completion of a $20,000,000 Series A financing round, led by New Enterprise Associates, with participation from Northzone, Seedcamp, and PSV Tech, bringing the total funding to $26,000,000 to date.The company primarily provides AI Agent-based compliance services to cryptocurrency wallet service providers, including Phantom, as well as traditional financial companies, including risk assessment and sanctions list monitoring.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0038%. Among the current mainstream exchanges, the rate on Binance is -0.0052%, OKX is -0.0032%, Bybit is -0.0005%, and Gate is -0.0108%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.005%. Among the current mainstream exchanges, the rate on Binance is -0.0028%, OKX is -0.0032%, Bybit is -0.0035%, and Gate is -0.0111%.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0045%. Among the current mainstream exchanges, the funding rate on Binance is -0.0017%, OKX is -0.0031%, Bybit is 0.0074%, and Gate is -0.0155%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0048%. Among the current mainstream exchanges, the rate on Binance is -0.0034%, OKX is -0.0051%, Bybit is -0.0017%, and Gate is -0.0119%.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0008%. Among the current mainstream exchanges, the funding rate for Binance is 0.0003%, OKX is -0.0022%, Bybit is -0.0005%, and Gate is -0.0084%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0051%. Among the current mainstream exchanges, the rate on Binance is -0.0072%, OKX is -0.0057%, Bybit is -0.0071%, and Gate is -0.0075%.