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LINK $7.36 -0.60%
HYPE $57.56 -1.32%
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Analysis: The net inflow to trading platforms and the outflow of ETFs have created a potential selling pressure of 34,000 BTC. Bitcoin still needs spot buying support if it is to challenge the $80,000 mark

Cryptocurrency analyst Axel Adler Jr. stated that although BTC recently regained the $77,000 level, the net inflow to trading platforms and the continuous outflow from spot ETFs still exert localized selling pressure on the market. Data shows that in the past week, the net inflow of BTC to exchanges was about 18,000 BTC, indicating that more BTC is being transferred to trading platforms in preparation for selling. At the same time, the net outflow from U.S. spot Bitcoin ETFs during the same period was about 16,000 BTC. The combined data creates a potential selling pressure of approximately 34,000 BTC.Glassnode data also shows that the daily trading volume of spot BTC ETFs has fallen below $20 billion, having once exceeded $50 billion by the end of 2025, reflecting a cooling of speculative demand from traditional financial channels. However, market sentiment has recently warmed due to improved expectations for a peace agreement between the U.S. and Iran. BTC quickly rebounded to around $77,800 after dropping below $75,000.Derivatives data indicates that this round of price increase was mainly driven by short covering. The total open interest (OI) of BTC slightly rebounded from about 268,000 BTC to 250,000 BTC, and the funding rate also cooled down, indicating a decrease in the crowding of leveraged long positions. Analysts believe that if BTC wants to further challenge the $80,000 mark, it still needs both spot demand and open interest to grow in sync.

Cryptocurrency exchanges accelerate their layout for TradFi entry, Bitget launches gold CFD trading speed challenge

As cryptocurrency trading platforms gradually extend from trading single digital assets to traditional asset trading scenarios such as stocks, gold, foreign exchange, and indices, platform competition is shifting from "asset coverage" to "trading entry points, operational paths, and execution efficiency." Whether users can discover opportunities faster, enter the market, and complete transactions is becoming an important measure of the product experience on exchanges.Recently, Bitget announced the launch of the 10-second gold buying challenge, inviting users to record the entire process from opening the Bitget App homepage to completing a XAUUSD gold CFD transaction, with a chance to win rewards if completed in less than 10 seconds. The activity showcases the changes in mobile TradFi trading paths through actual user operations, reflecting that cryptocurrency exchanges are attempting to further streamline and simplify the trading experience of traditional financial assets.According to Bitget, the platform has previously brought TradFi to the first-level entry of the App homepage, covering traditional asset trading scenarios such as gold, stocks, foreign exchange, and indices. Compared to the past, where traditional asset trading typically required completion on independent platforms or through multiple entry points, Bitget aims to allow users to engage with various asset types more directly within the same platform through a unified entry point and optimized mobile processes.

Viewpoint: The new chairman of the Federal Reserve, Waller, faces the dual challenge of inflation and balancing the pressure from Trump for interest rate cuts

FOX reporter Charles Gasparino posted on the X platform that the new Federal Reserve Chairman Kevin Warsh faces a dual challenge of rising inflation and pressure from Trump for interest rate cuts right from the start of his tenure. The annualized level of consumer inflation has risen to 3.8%, the highest since May 2023, with the Iran war driving up energy prices as a major factor. Last week, the increase in wholesale prices exceeded that of consumer prices. On Friday, the futures market began to price in interest rate hikes for the year, as previous bets on rate cuts have largely faded.Warsh himself is a staunch inflation hawk. Since leaving the Federal Reserve for an academic position in 2011, he has repeatedly criticized the "loose monetary" regime of the Bernanke, Yellen, and Powell eras in op-eds, advocating for a more "restrained" policy to shrink the Federal Reserve's balance sheet. He believes that the Federal Reserve's loose policies over the years are the root cause of the current inflation pressures. However, in the face of high inflation, his room for interest rate cuts is extremely limited.Meanwhile, the Federal Reserve's rate-setting committee is no longer united. Former Chairman Powell, replaced by Trump, still retains voting rights as a board member. Powell stated that he would not leave until the dust settles on the investigation into his congressional testimony regarding the costs of the new Federal Reserve headquarters—an investigation initiated by Trump that previously delayed Warsh's appointment process. Trump is appointing Warsh while simultaneously pressuring for interest rate cuts.However, if Warsh gets his way, it would directly contradict his consistently advocated policy stance. The Iran war has entered its third month, and the situation remains uncertain; if oil prices break through $200 per barrel, the U.S. economy could face risks similar to the "stagflation" of the 1970s.

Gate Europe CEO Giovanni Cunti appeared at the Digital Assets Forum 2026, discussing the opportunities and challenges of MiCA with industry executives

According to official news, Gate Europe CEO Giovanni Cunti attended the Digital Assets Forum 2026 held in Malta on May 14 and participated in a roundtable discussion titled "Do We Need a MiCA 2.0? The Industry's Perspective," alongside OKX CEO Erald Ghoos, Crypto.com Executive Vice President Mariana Kushev, and Blockchain.com Non-Executive Director and European Policy Advisor Giles Swan. They discussed the regulatory practices, industry opportunities, and future development directions of the European crypto industry following the implementation of MiCA.Giovanni shared the phased achievements of Gate Europe in advancing the compliance process in Europe, as well as the challenges and opportunities the industry faces under the MiCA framework. He stated that Gate will continue to be at the forefront of compliant crypto asset service providers in Europe and actively promote the standardized development of the industry.As an important forum focusing on European digital asset regulation and industry trends, the Digital Assets Forum 2026 gathered regulators, industry executives, and practitioners to review the key progress made in the 18 months since the implementation of MiCA. Currently, Gate's Malta company, Gate Europe, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA). As the European digital asset regulatory framework matures, Gate is deepening its compliance layout in the European market and enhancing its influence in the global digital asset industry through active participation in industry dialogue and regulatory practices.

Bitcoin Quantum Security Crisis: 6.9 million BTC exposed to risk, governance challenges hinder response progress

According to CoinDesk, while quantum computers cannot disrupt the Bitcoin mining mechanism or the blockchain ledger, they may potentially crack the elliptic curve encryption system that protects wallet ownership through Shor's algorithm. Currently, about 6.9 million BTC (approximately one-third of the total supply) face potential risks due to public keys being visible on-chain, including around 1 million early holdings by Satoshi Nakamoto; transactions generated after the Taproot upgrade in 2021 are also affected due to public key exposure.Ethereum has established a formal quantum resistance migration plan since 2018, with 4 full-time teams and over 10 independent development groups, and has launched a dedicated progress website at pq.ethereum.org. In contrast, Bitcoin currently lacks a unified response roadmap, and the existing BIP-360 proposal and BitMEX Research detection scheme have not received widespread support from core developers. Notable Bitcoin advocate Nic Carter pointed out that Bitcoin's response is "the worst," while Blockstream CEO Adam Back believes that current quantum systems are still in the laboratory stage, but he also agrees that optional upgrade solutions should be deployed in advance.Analysts point out that Bitcoin's anti-centralization governance culture makes coordinating large-scale security upgrades extremely difficult, and how to handle historical legacy issues such as Satoshi Nakamoto's holdings is particularly challenging. A related paper from Google warns that once quantum attacks become a reality, the window for response may have already closed.
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