Bitcoin surges past $66,000, notching a 3.17% gain in 24 hours.

Monochrome Exchange (@Monochrome_EN), founded by Jeff Yew (@jeffyew_), co-founder and former CEO of Binance Australia, has launched its $MCR IEO, raising over 5.5M $USDT so far.

Monochrome Exchange (@Monochrome_EN), founded by Jeff Yew (@jeffyew_), co-founder and former CEO of Binance Australia, has launched its $MCR IEO, raising over $5.5M USDT so far.

DYORSWAP has released an update on its compensation process, announcing that it has completed audits of all affected addresses. For addresses with bridge amounts under 5 ETH, compensation will be issued at a uniform rate of 40% of the bridged amount, regardless of whether the funds were used for transactions. For addresses that bridged more than 5 ETH, DYORSWAP noted that some may be linked to phishing or fraudulent bridging operations, so these will undergo separate reviews. Users who bridged over 5 ETH and believe they are legitimate affected parties can contact DYORSWAP for identity and address verification. The official compensation distribution address is 0xdf25f88aa6cde9937fdcfcf10fa349528c79dbf9; users are reminded to verify this address carefully. DYORSWAP stressed that it will never request users to transfer funds, sign suspicious transactions, or pay any fees to claim compensation.

Bitwise has filed the final prospectus for its NEAR spot ETF, while releasing a 39-page NEAR investment report co-authored by Bitwise Chief Investment Officer Matt Hougan. The report outlines multiple price scenarios for NEAR: a base case projection of $155 by 2030, a bull case target of $562, and a bear case of $1.63. It does not shy away from the risk of sharp downside for NEAR’s price. In the bull case, Bitwise compares NEAR to Visa, noting that Visa processed $15.7 trillion in payment volume in 2024 and currently holds a market capitalization of roughly $701 billion, using this as one reference point for NEAR’s future potential value. The report concludes with the product page for Bitwise’s European NEAR ETP.

Bitfinex published a graphic analysis noting that Bitcoin’s current macro headwinds are primarily transmitted via oil prices, with oil’s trajectory hinging on the progress of U.S.-Iran negotiations over the Strait of Hormuz. Last week’s breakthrough in the talks pushed crude prices down, easing inflationary pressure and in turn lessening the strain on risk assets from a stronger U.S. dollar and elevated U.S. Treasury yields. If negotiations stall, crude oil prices could rebound, intensifying market pressure through inflation, U.S. dollar, and bond yield channels. Thus, the current market needs to focus not only on Federal Reserve policy but also closely track developments in U.S.-Iran talks.

Strategy founder Michael Saylor has once again shared updates on the firm’s Bitcoin tracker, stating, “Even more orange.” Per past patterns, the orange dots on the tracker represent Strategy’s Bitcoin purchase records, so this move may signal the company will increase its BTC holdings. Strategy typically discloses changes to its Bitcoin holdings the day after such announcements.