The largest crypto exchange by trading volume in the US just inked an agreement to acquire the Dubai-based derivatives platform Deribit. In a statement, Coinbase says the deal costs approximately $2.9 billion, which includes $700 million in cash and 11 million shares of its Class A common stock subject to purchase price adjustments. “This strategic acquisition significantly advances Coinbase’s derivatives business, establishing us as the premier global platform for crypto derivatives… It’s foundational to our vision of creating the most comprehensive, compliant, and user-friendly derivatives platform globally.” Deribit is the world’s leading crypto options exchange, with approximately $30 billion in current open interest. Last year, the platform also facilitated over $1 trillion in trading volume across key markets, excluding the US. Coinbase says acquiring Deribit will make it the world’s leader in crypto derivatives by open interest and options volume, as well as enable it to accelerate its international growth strategy. “Outside the US, our International Exchange offers spot and perpetual futures products. With Deribit, we will expand our international footprint even further, providing institutional and advanced traders access to robust options markets.” Reports that the two firms are in the advanced stages of acquisition talks emerged in March. Coinbase says the transaction is still subject to regulatory approvals and customary closing conditions, but is expected to be completed by the end of the year. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top US Crypto Exchange Coinbase To Acquire Derivatives Platform Deribit appeared first on The Daily Hodl .
Sentiment on Wall Street was mixed ahead of the Trump administration’s meeting with China, but bitcoin has continued to surge, for now. BTC Rises as Stock Markets Wobble Traditional markets rallied on Thursday after U.S. President Donald Trump announced a trade deal with the United Kingdom. The agreement will reduce tariffs and spur trade between
Moondeng has surged over 200% in recent days, bouncing cleanly off a critical support zone. Now, with momentum building and a massive resistance level in sight, traders are watching closely for what comes next. Moondeng’s ( MOODENG ) explosive rise began after it found solid footing at $0.03, aligning with key technical indicators. As momentum increases, the next test lies at the $0.20 resistance, where bulls will need significant strength to break through. Moondeng has caught the attention of traders and speculators alike after a remarkable 200% price rally. The move began from a clean bounce at $0.03, a level supported by strong technical confluence, including a long-term point of control and the value area low. Now, with the price heading toward a technically dense resistance zone, the market is preparing for potential consolidation or a breakout that could carry prices even higher. Key technical points Strong Support at $0.03: Confluence of value area low and long-term POC created a strong base for the bullish reversal. Next Resistance at $0.20: Aligned with the 0.618 Fibonacci level, bearish order block, and VWAP from all-time high. Momentum Still Rising: Volume profile indicates a climatic breakout, but a healthy consolidation may be imminent. MoodengUSDT (1D) Chart, Source: TradingView Technical analysis and market behavior The initial bounce from $0.03 was no coincidence, this level coincided with the point of control pulled from Moondeng’s all-time high, as well as the value area low. These overlapping indicators created a high-probability zone for demand to step in, and it did, leading to the rapid 200% spike. Currently, Moondeng trades in a zone of heightened attention. The $0.20 region represents a major resistance, combining several technical tools: the 0.618 Fibonacci retracement from the all-time high, a key bearish order block, and VWAP resistance from the same high. This cluster of resistance is not only a technical challenge for bulls but also a make-or-break area that could dictate the medium-term trend. You might also like: Bitcoin and Ethereum on alert as $3b worth of options expire on Friday Despite the strength of the move, traders should watch for potential consolidation. The volume profile shows a climatic spike, a signal that often precedes sideways action. A higher low forming during this phase would be constructive, preserving the bullish market structure and setting the stage for a breakout above $0.20. What to expect in the coming price action If Moondeng manages to hold its recent gains and establish a higher low, the bullish trend could continue toward the $0.20 resistance, and beyond. A successful breakout from this level would likely open the door to $0.31, marking the next major technical target. Traders should monitor consolidation zones and volume shifts closely, as these will guide the next significant move. Read more: Coinbase to launch 24/7 Bitcoin and Ethereum futures trading in U.S.
In a notable development within the cryptocurrency market, a recent report from COINOTAG highlights significant activities tracked by Onchain Lens. On May 10, a prominent whale executed a transaction involving
Coinbase has launched 24/7 Bitcoin and Ethereum futures trading for U.S. users through its CFTC-regulated arm, Coinbase Derivatives, marking a first in the regulated U.S. derivatives market. Starting May 9, traders can now access crypto futures around the clock, including weekends, offering constant execution and risk management capabilities. This development arrives just one day after Coinbase announced its $2.9 billion acquisition of crypto derivatives exchange Deribit, reinforcing its ambitions in the global derivatives market. The round-the-clock futures product — available to both retail and institutional users — brings regulated crypto markets closer to the always-on nature of digital assets. You might also like: Brazil’s B3 to launch Ethereum and Solana futures, cuts Bitcoin contract size Coinbase trading via CFTC approval Coinbase Derivatives’ infrastructure supports uninterrupted trading and clearing, with all transactions processed through CFTC -approved clearinghouse Nodal Clear. Liquidity is being supported by market maker Virtu Financial, while firms including ABN AMRO, Wedbush Securities, and Coinbase Financial Markets bolster distribution, the company said. Coinbase also plans to introduce perpetual-style futures for U.S. users—currently one of the most popular crypto derivatives globally—within a regulated framework. This news comes as Coinbase reported first-quarter revenue of $2.03 billion, missing Wall Street’s $2.12 billion estimate, as consumer trading volume dropped 17% from the prior quarter. Despite increased stablecoin revenue, adjusted earnings fell to $1.94 per share, and total net income dropped sharply from a year ago. You might also like: Abraxas Capital withdraws $297M in ETH, signaling a bullish market shift
Bitcoin’s S&P 500 ratio has soared to an unprecedented $17.725, illustrating its rising prominence amid increasing institutional adoption. This shift toward decentralized assets highlights a transforming investment landscape where Bitcoin
Chris Pavlovski, Rumble’s founder and CEO, took to X to announce the launch of a Bitcoin and stablecoin wallet. As per Chris’s X post , we can expect to see the newest entrant in the Bitcoin wallets space by the third quarter of 2025. The Rumble CEO also mentioned that the wallet would directly compete with Coinbase. Keep reading to learn more about Rumble’s latest crypto adventure. We’ll unpack all the details and why existing solutions like Best Wallet, whose native crypto, Best Wallet Token , already has over $12M in early investor funding, give Rumble very little breathing room. Rumble-Tether Partnership Rumble’s crypto wallet will be a collaborative effort between Rumble and stablecoin issuer Tether. Pavlovski claims that the Rumble Wallet aims to boost the creator economy by ‘monetiz[ing] creators better than most advertisers, especially in international markets.’ Also, this isn’t Tether’s first date night with Rumble. The stablecoin giant invested a whopping $775M in Rumble in December 2024, following which Rumble announced the launch of a Tether wallet in March of this year. Rumble Wallet’s Tough Road Ahead There’s no debating just how crowded the Bitcoin wallet space is at the moment. Big-name providers like Coinbase, PayPal, Robinhood, and Revolut dominate the streets, and then we have upcoming projects like Best Wallet that are rapidly gaining momentum. Where does Rumble fit in all this? Coinbase, for instance, recorded over 100M registered users in 2024 alone. This is nearly double the number of users on Rumble’s video platform, which is supposedly its bread and butter. Even though it’s an uphill task, we believe Rumble would be very happy if it could just grab a teeny tiny bite of the growing mobile crypto wallet industry in its first few months. With a prominent crypto player eyeing its wallet debut, this could be the perfect opportunity to look at what other new crypto wallets are offering. We tested and reviewed dozens of these wallets and found Best Wallet to be the most worthy of your attention. What Is Best Wallet? Best Wallet is a new crypto wallet that has been making headlines thanks to its airtight privacy and class-leading ease of use. When compiling our detailed Best Wallet review , what impressed us the most was the free crypto wallet ‘s mobile-friendly design. We believe it’s an inspired idea for a new wallet to concentrate on perfecting its mobile app, as that means people can use it both at home and when on the go. It’s worth noting, though, that Best Wallet is also developing browser extensions for Windows and macOS as we speak. Best Wallet Offers Top-Notch Security Of course, we wouldn’t recommend a crypto wallet if it weren’t 100% secure, which Best Wallet is. For starters, it’s a non-custodial wallet , meaning you get complete control over your private keys. In other words, you’ll be the only entity that can access your crypto stored on Best Wallet. With ill-intended cybercriminals always on the lookout for vulnerable crypto storage – surely you remember Bybit’s $1.5B crypto hack – it helps to have a wallet that uses advanced cryptographic techniques. In fact, Best Wallet is among the first in the industry to employ Fireblock’s MPC-CMP wallet technology. Combined with 2FA/biometrics for login security, you can rest assured that Best Wallet will look after your crypto wealth with utmost sincerity and care. What’s more, Best Wallet also provides you with crypto insurance, which will make you whole in the unlikely event of your portfolio being affected by a hack or phishing attack. In addition to class-leading security and ease of use, Best Wallet also impresses with a few never-before-seen features for crypto (and meme coin) investors. It’s the ONLY crypto wallet that allows its users to purchase any of the new meme coins on presale directly from within the app. Note that other wallets ask their users to take the long route, which involves visiting the token’s presale website, connecting their wallet account, and then approving the transaction from the wallet again. Phew! Buying the top altcoins directly from Best Wallet is not just convenient, but it’s also more secure. That’s because the in-house Best Wallet team vets every single crypto before listing it on their app. Ride Best Wallet’s Growth by Investing in the Best Wallet Token ($BEST) It’s easy to conclude from the above that Best Wallet is destined for great things. In fact, the company predicts it can capture over 40% of the non-custodial crypto wallet market by 2026. If you want to join Best Wallet in its journey to redefine retail crypto storage solutions, become an early investor in Best Wallet Token ($BEST) . $BEST is the native cryptocurrency of the Best Wallet app, meaning it’ll offer you the best seat in the house if you wish to become a part of Best Wallet’s growth story. It’s worth noting that according to our $BEST price prediction , the token could jump a staggering 280% and reach $0.07 by the end of 2030. Don’t delay your purchase of the next crypto to explode and buy $BEST today . The project is in presale right now (with $12M+ raised), which is why you can grab it for the low price of just $0.024995. For more technical information about the project, check out its whitepaper . We also suggest checking out its X feed and Telegram channel for regular updates. To conclude, kindly bear in mind that investments in the crypto market are highly risky because of the broader market’s unpredictable volatility. Also, this article is not financial advice, and we urge you to do your own research before investing.
Ki Young Ju believes historical data has limitations in today's crypto market. He emphasizes the importance of new liquidity sources over traditional metrics. Continue Reading: Crypto Expert Unveils Insights into Bitcoin’s Rising Tide The post Crypto Expert Unveils Insights into Bitcoin’s Rising Tide appeared first on COINTURK NEWS .
PancakeSwap price jumped more than 9% in 24 hours as the decentralized exchange saw its daily trading volume spike to a high of $2.2 billion, leading the sector. The price of PancakeSwap ( CAKE ) topped $2.37, the decentralized exchange ’s native token rising as crypto joined stocks in climbing amid fresh investor optimism on trade talks between the U.S. and China. While the upside that helped Bitcoin ( BTC ) break above $103k cascaded into the altcoin market to buoy PancakeSwap , there’s been notable bullishness around CAKE Since the token’s dip to and bounce from lows of $1.61 on April 7, buyers have retested and broken above the key level at $2. In the past month, PancakeSwap’s token price has jumped by more than 26%. You might also like: Will Bitcoin price hit $110k as crypto fear and greed index turns green? A lot of the upside in the DEX protocol’s market has followed the unveiling of PancakeSwap Infinity. The protocol’s rebranding went live in late April, with the community upbeat as the significant upgrade brought a new layer of scalability and decentralized finance opportunities and improvements to traders. PancakeSwap Infinity offers advanced features over the v4 product, including multichain support beyond BNB Chain, and support for concentrated liquidity automated market makers and liquidity book AMMs. CLAMM and BLAMM offer different pool types, giving flexibility to users seeking different liquidity strategies. Custom fee structures, hooks for customization with dynamic fees, and optimized liquidity returns are another highlight. 🐰♾PancakeSwap Infinity is NOW LIVE! (Formerly PancakeSwap v4) https://t.co/9BMuW3q1M6 🔹Multiple pool types for capital efficiency & low price impact 🔹Customize fees & Hooks for better rewards 🔹Save gas on every transaction 🫵Swap & LP on Infinity, starting with @BNBCHAIN … pic.twitter.com/fn7sNFJdW8 — PancakeSwap (@PancakeSwap) April 28, 2025 The DEX’s volume has increased significantly in the past week, with PancakeSwap seeing a 37% increase in trading volume. In the past 24 hours, as the market rallied, the platform’s 24-hour volume reached over $2.2 billion. This came as CAKE jumped more than 9%, wit DeFiLlama data showing the volume pump put PancakeSwap top of the leaderboard among DEXes. Uniswap ranked second with about $2.18 billion in daily DEX volume, but paled in comparison with PancakeSwap on the weekly timeframe, with only +3%. Pendle had a 162% jump in daily volume, but it only amounted to about $126 million, per DeFiLlama. PancakeSwap has seen a total of over $9 billion in weekly volume, with the DEX market recording $11.4 billion in the past 24 hours and $60.3 billion in the past week. You might also like: PancakeSwap records best quarter since launch with $205B in Q1 trading volume
Bitcoin’s surge past the $100,000 mark has ignited discussions of a potential all-time high, driven by strong institutional interest and its exceptional risk-adjusted returns. Recent data indicates that Bitcoin is