News & Research

The Australian Federal Court ruled in favor of fintech company Finder.com, confirming that its yield-generating product, Finder Earn, is not a financial product and complies with consumer financial laws, Cointelegraph reported. This decision, upheld after an appeal by the Australian Securities and Investments Commission (ASIC), marks a significant legal precedent regarding crypto-related products in Australia.

South Korean tech firm LG CNS is evaluating the use of the blockchain platform Avalanche (AVAX) as part of preparations for a private Korean won-based stablecoin initiative, according to The Elec. Kim Hong-geun, head of the Digital Business Services (DBS) division, said the company focused on offline payment solutions under Project Hangang and is now researching stablecoin issuance and assessing blockchains like Avalanche.

Lido’s Ethereum staking share drops to 25%, lowest since 2022 On-chain analyst Tom Wan shared on X that the market share of Lido, a liquid staking protocol for Ethereum (ETH), has declined to 25%, marking its lowest level since March 2022.

Rune Christensen, co-founder of SKY (formerly MakerDAO), is using staking rewards to continue buying back SKY tokens, according to on-chain analyst @EmberCN on X. About 45 minutes ago, he received 1.9 million USDS and 10.38 million SPK (worth approximately $1.3 million) as staking rewards, which he transferred to his buyback address. He is currently selling SPK to purchase more SKY.

Global asset manager BlackRock said de‑dollarization is prompting central banks to diversify into other currencies and alternative assets such as gold and to begin considering Bitcoin (BTC), according to @solidintel_x on X.

PlanB, the analyst behind the Stock‑to‑Flow model, said on X that Bitcoin’s (BTC) Relative Strength Index (RSI) is currently near 75 and is expected to stay above 80 for several months, mirroring previous bull cycles in 2011, 2013, 2017 and 2021. The RSI is a momentum indicator, with values above 70 indicating overbought conditions and below 30 signaling oversold levels.

Coinbase Ventures announced on X that it has invested in Bankrbot, an agentic trading platform integrated with the Base app, through its Base Ecosystem Fund. The firm said Bankrbot’s 24/7 trading agents can react faster than humans and make more data-informed decisions, potentially enhancing market efficiency. Specific investment details were not disclosed.

NFT development platform Pixel Vault has announced on X that it is exploring a potential company sale and seeking a buyer. After more than four years of building, the team is beginning the process of possibly winding down operations, citing difficulties in establishing a profitable and sustainable crypto entertainment business. Discussions are currently underway with several parties interested in acquiring Pixel Vault’s assets and continuing its community initiatives. The platform is best known for its NFT series, including PUNKS Comic and MetaHero Universe.

The recent crypto market sell-off was likely driven by short-term profit-taking and leveraged liquidations rather than any clear catalyst, The Block reported, citing multiple analysts. Presto Research analyst Min Jung described the decline as a natural pause following recent gains, noting Ethereum’s 7% and Dogecoin’s 12% rise over the past week. Vincent Liu, CIO of Kronos Research, attributed the drop to over-leveraged altcoin positions and thinning liquidity.

The 90-day correlation coefficient between Bitcoin's 30-day implied volatility (IV) indices on Deribit and Volmex and the S&P 500 volatility index (VIX) has recently reached an all-time high of 0.88, CoinDesk reported, citing TradingView data. Markus Thielen, founder of crypto research firm 10x Research, noted that increasing participation of institutional investors in the crypto market, which features volatility sellers, has been a main reason for the plunge in Bitcoin IV and the record high in VIX.