hodler

9 May 2026, 18:30

Bitcoin Funding Rates Fall To 2020 Lows On Binance — Fuel For Further Upside?

After multiple weeks hovering below $80,000, Bitcoin finally broke above the psychological level on Monday, May 4th. The premier cryptocurrency enjoyed a significant surge in bullish momentum, pushing its price to as high as $82,000 over the past week. While the Bitcoin price has slowed over the past couple of days, most indicators point to the market leader being in bullish territory, at least in the short term. For instance, a specific on-chain metric suggests the BTC price is on the verge of another leg up. Is A Short Squeeze Imminent For BTC? In a recent Quicktake post on the CryptoQuant platform, market analyst CryptoOnchain discussed a significant occurrence in the Bitcoin derivatives market. Fresh on-chain data shows that BTC’s Funding Rates on Binance have dropped to -0.002, a new multi-year low. The relevant indicator here is the 50-day Simple Moving Average of Bitcoin’s Funding Rates on Binance, the world’s largest cryptocurrency exchange by trading volume. As highlighted by CryptoOnchain, this metric, which measures the periodic fee exchanged between traders in a cryptocurrency’s derivatives market, has fallen to its most negative level since the post-COVID crash in April 2020. Typically, negative funding rates imply that short traders (investors with sell positions) are paying a fee to long traders (investors with buy positions), as they bet against the price of the cryptocurrency (Bitcoin, in this case). “Prolonged negative funding rates at this magnitude indicate absolute dominance of bearish sentiment and aggressive short-selling,” CryptoOnchain said in their Quicktake post. Furthermore, CryptoOnchain noted that history provides some context for why the current Funding Rates could be good for Bitcoin’s price. The analyst explained that when the derivatives market was “skewed towards the shorts” in the past, BTC experienced “ short squeezes ” that provided rocket fuel for further upside. For context, a short squeeze is a phenomenon in which an asset’s price experiences a rapid surge, forcing short traders to buy to cover their losses from the initial surge and subsequently triggering a self-enforcing wave of buying pressure. CryptoOnchain noted that these latest on-chain dynamics strongly suggest that the $80,000 region could be the start of the next upward phase . Bitcoin Price At A Glance As of this writing, the price of BTC is around $80,132, with no significant change over the past 24 hours. According to CoinGecko data, the premier cryptocurrency is up by more than 2% in the past seven days.

9 May 2026, 18:30

Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch

A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents. Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging customers to check its status page for updates. Hi. We want to help resolve the issues you’re facing with the Bitcoin price notification. We’re currently experiencing issues affecting some of the app’s functionalities. Please be assured that our colleagues are working on this as we speak. Please keep an eye on our status page… — Revolut Support (@revolutsupport) May 8, 2026 A company spokesperson later confirmed the disruption had been resolved, attributing it to a service failure at an unnamed external pricing provider. The company said it was still evaluating the full details of what went wrong. UPDATE: It wasn’t just Bitcoin. Multiple coins on Revolut appeared to flash-crash/glitch at the same time. Looks like a pricing/chart glitch — but for a few seconds, everyone thought they discovered the biggest crypto discount of all time.#Crypto #Bitcoin #Revolut pic.twitter.com/fIelIbAOor — Dave Flowman (@_btcd) May 8, 2026 The glitch wasn’t limited to Bitcoin. Users reported seeing simultaneous price drops across XRP, Solana, and even stablecoins like USDT and USDC — assets designed to hold steady at one dollar. Screenshots shared on X and Reddit showed Bitcoin’s 24-hour chart registering a roughly 50% intraday plunge, with the price briefly anchoring near $39,900 before snapping back. Some users also received push notifications warning that BTC had hit a 52-week low of 2 cents. According to Revolut, The price of Bitcoin has just dropped to $0.02 I guess its time to buy! 😂 pic.twitter.com/YIbwBGrkeT — That Martini Guy ₿ (@MartiniGuyYT) May 8, 2026 No Matching Moves On Any Other Platform Pricing data on major aggregators showed nothing unusual during the same window. Bitcoin’s price on CoinMarketCap and CoinGecko held steady, with no sign of any crash in derivatives markets either. The anomaly appeared entirely contained within Revolut’s app. Ranveer Arora, a former PwC quantitative trading lead and co-founder of Altura.trade, told reporters two explanations are in play. The first is a corrupt data tick pushed through Revolut’s pricing system — a single bad data point that briefly anchored the chart before being corrected. Because Revolut is not an exchange and pulls prices from outside providers, one faulty input can be enough to produce exactly this kind of chart distortion. The second possibility is a transient liquidity gap. Revolut’s order book is shallower than what you’d find on a full exchange, so a large sell order could theoretically exhaust available bids and print a sharp downward wick before prices recover. Arora noted, however, that the lack of matching prints on any other platform makes the data feed explanation more likely. Related Reading: XRP Market Now Controlled By Whales? Dominance Reaches 91% On Binance Why Retail Apps Face Unique Data Risks Marc Tillement, director of blockchain price oracle Pyth Data Association, said the episode shows how quickly a single bad data point can distort price perception — particularly in retail-facing systems where users may not think to cross-check what they’re seeing. Tillement said that as markets grow more data-dependent, the reliability of pricing infrastructure becomes central to how much traders can trust what’s in front of them. Transparent, verifiable data layers, he argued, are what separate a glitch from a crisis. Featured image from Pixabay, chart from TradingView

9 May 2026, 18:10

Circle Mints 250 Million USDC: What It Signals for Crypto Liquidity

BitcoinWorld Circle Mints 250 Million USDC: What It Signals for Crypto Liquidity Blockchain tracking service Whale Alert reported the minting of 250 million USD Coin (USDC) at the USDC Treasury. The transaction, recorded on the Ethereum blockchain, adds a significant amount of liquidity to the stablecoin’s circulating supply. While large-scale mints are not uncommon, they often correlate with institutional demand and market preparation. Context Behind the Mint The 250 million USDC mint follows a period of relative stability in the stablecoin market. Circle, the issuer of USDC, regularly adjusts supply based on demand from exchanges, DeFi protocols, and institutional clients. Large mints typically occur when new capital enters the crypto ecosystem or when market makers require additional stablecoins for trading operations. This specific mint comes amid a broader recovery in digital asset prices and increased on-chain activity. Stablecoin supply growth is often viewed as a bullish signal, as it suggests capital is ready to be deployed into other cryptocurrencies or yield-generating opportunities. Market Implications An increase in USDC supply can have several effects on the market: Liquidity injection: More stablecoins available on exchanges can reduce slippage and improve trading conditions. Institutional interest: Large mints often coincide with institutional onboarding or increased over-the-counter (OTC) trading volumes. DeFi activity: USDC is a primary asset in decentralized finance lending and borrowing protocols. Increased supply can lower borrowing rates and stimulate activity. Tracking Stablecoin Trends Stablecoin supply metrics are closely watched by analysts as leading indicators of market sentiment. When USDC or USDT supply expands, it typically precedes upward price movement in Bitcoin and other major cryptocurrencies. Conversely, prolonged supply contraction can signal bearish sentiment or capital flight to fiat. The current mint does not occur in isolation. Over the past month, the total market capitalization of stablecoins has edged higher, suggesting a cautious but optimistic outlook among large capital holders. Conclusion The minting of 250 million USDC is a routine but noteworthy event that reflects ongoing demand for dollar-pegged digital assets within the crypto economy. While a single mint does not guarantee a market rally, it adds to a pattern of increasing stablecoin liquidity that historically supports broader market activity. Readers should monitor whether this supply reaches exchanges or remains in treasury wallets for further signals. FAQs Q1: What does it mean when USDC is minted? Minting USDC means new coins are created by Circle in exchange for an equivalent amount of U.S. dollars held in reserve. It increases the total circulating supply of the stablecoin. Q2: Is a large USDC mint always bullish for crypto? Not always, but it is often interpreted as a positive signal because it indicates incoming capital or increased demand for stable liquidity within the ecosystem. Q3: How does Whale Alert track these transactions? Whale Alert monitors blockchain networks for large transactions and publicly reports them. The data comes directly from on-chain activity, making it transparent and verifiable. This post Circle Mints 250 Million USDC: What It Signals for Crypto Liquidity first appeared on BitcoinWorld .

9 May 2026, 18:00

Here’s why ICP traders should stay wary DESPITE its 60% price rally

Bear market rallies can brainwash participants into thinking the bull market is here again.

9 May 2026, 17:49

AURA’s Wild Ride: Binance Hype Sparks $60M Surge Before Sharp Collapse Leaves Traders Exposed

AURA experienced an aggressive price surge, thanks to yesterday’s notable and vague tweet from Binance. Just one tweet hashtagging “AURA maxxing” immediately triggered media waves with massive speculation over a listing and capital quickly began flowing into this minor token. According to data released by CoinGecko; showing AURA gained a market capitalization ranging from approximately $9.5 million upwards to about $62 million within one day. It highlights Binance’s massive impact on market sentiment, especially in the hyper reactive memecoin section. While not a confirmation of a listing itself, traders ultimately treated the tweet as at least an important signal. In crypto, perceptions often run ahead of formal announcements and this was one way in which that unfolded, sparking a real buy-in blitz. INSIGHT: $AURA surged from a $9M to $60M market cap after a Binance meme post sparked listing speculation. AURA has since retraced to a $26M market cap. pic.twitter.com/ElKEwqknhc — CoinGecko (@coingecko) May 9, 2026 Retail Traders High As Buying Momentum Gathers Speculation quickly took off across various social media platforms and retail investors hurriedly opened positions in AURA, looking to take advantage of what appeared to be an early mover opportunity before a large listing event. This momentum was further fueled by rising prices and higher trading volumes, attracting even larger numbers of actors This type of momentum-driven behavior happens to be the most common among memecoins. As opposed to the value that is, in essence, fundamentally driven assets they tend to depend on social signals, influencer support and speculative story lines for their price. Therefore, even a vague announcement of an office by senior exchange personnel can be a pretty strong trigger. It was a model of that FOMO (fear-of-missing-out) cycle: they bought not based on fundamentals, but because they figured buying would keep happening. This approach had worked, for a while; prices surging in a matter of days. The rally, however, was short-lived. Binance deleted the original position tweet less than 24 hours after posting, a sudden shift in tone that spoiled the market mood. This quick turnaround led to a quick squeezing of positions, as traders bolted for the exits, they removed the fundamental story that had motivated the market rally and little was left to support prices. What is Binance actually cooking? Yesterday, Binance hinted at an $AURA listing with an "AURA maxxing" tweet. The memecoin pumped from a $9.5 million market cap to $62 million within 24 hours. Then today, that tweet got deleted. And since then, $AURA has dumped hard now… pic.twitter.com/7Dy3PFq9ZV — Grey BTC (@greybtc) May 9, 2026 The Exit Liquidity Narrative Takes Off In the days that followed, a narrative well-worn in crypto circles emerged, the retail traders may have been the exit liquidity. The early holders who were mostly insiders, experienced traders or just bots accumulated AURA before the big spike. During this whole Binance speculation, these people took the chance to unload at high values when the price ran up. At the same time, those who got in late and bought near the top are now suffering steep losses after yesterday’s violent pullback. This is a common trend with the memecoin sector. Hype-driven rapid price spikes are invariably followed by swift corrections when the original catalyst fades away. A single tweet removal is an example of when a selloff is provoked. The Dangerous Lever Of Influence By Exchange This episode points to the deep and potentially damaging power major exchanges such as Binance have over the crypto atmosphere. Even indirect or seemingly ambiguous communications can create billions in trading volume as well as rapid fluctuations in price over a matter of hours. This duality offers opportunity yet also risk for traders. On the one hand, the early reception of such signals can lead to significant profits. At the same time, open positions based on speculation can become unstable. The other side, of course, is that without some form of confirmation and transparency speculative positions can quickly go off the rails. The AURA incident provides an example of how delicate sentiment-led rallies can be. Price movements driven purely by hype tend to stall without solid news, such as an official listing announcement. What Traders Should Keep An Eye On Going Forward With AURA’s market cap finding its footing at around $25 million, users are reconsidering their strategies. The question remains, can a token come back and make an impact or is this just another hype cycle, one that will simply wear off? Traders are urged to focus on confirmed news instead of speculative signals for now. AURA now, this is a reminder that social media can and still will have one of the best gifts when it comes to market behaviour. On a broader point, this incident is indicative of the increasingly fast-paced nature of the crypto market, information travels quickly and the reaction to changes faster. Discipline and risk management are key in order to navigate volatility naturally in that type of environment. In the end, AURA seeing a meteoric rise and then crashing back down, reveals one of the key tenants of the memecoin ecosystem: hype can make something worthwhile overnight, but it can just as quickly burn it all back down to ground zero. The message is clear for those caught on the wrong side: timing is important, but understanding the narrative driving price action is even more so. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

9 May 2026, 17:49

Hacker Drains $5.9M From Ethereum Liquidity Provider TrustedVolumes

TrustedVolumes, a liquidity provider on the Ethereum blockchain, lost about $5.9 million in funds to a hacker on Thursday. The attacker was able to exploit a vulnerability within the custom trading system used by the platform and managed to withdraw the funds, which included ETH, WBTC, as well as USDT and USDC stablecoins. What Happened According to blockchain security firm Blockaid, which caught the exploit as it was happening, the stolen funds included 1,291 WETH, around 16.9 WBTC, roughly 206,000 USDT, and just under 1.27 million USDC. The attack worked by abusing a design flaw in TrustedVolumes’ custom order-settlement system, known as a Request for Quote (RFQ) proxy. GoPlus Security posted a breakdown showing that the attacker registered themselves as an authorized “order signer” using a function called “registerAllowedOrderSigner()” that was publicly accessible. The function allows anyone to designate their own address as a valid signer for trades they controlled, and while normally that would be harmless enough, the settlement function had a separate problem: it checked authorization against one address while actually pulling funds from a different one. As detailed in a technical report posted by security researcher Defi Nerd, the attacker used that gap to execute four drain transactions against the TrustedVolumes resolver contract, which had previously given the proxy permission to move its tokens. According to them, each time, the proxy pulled assets from the resolver and sent only a single raw USDC unit back. Then the attacker converted the stolen WETH back into ETH and forwarded everything to their own wallet. TrustedVolumes confirmed the exploit and publicly posted three wallet addresses holding the stolen funds, asking the hacker to get in touch about a “bug bounty and a mutually acceptable resolution.” 1inch Distances Itself as DeFi Hacks Continue Because TrustedVolumes functions as a liquidity provider and market maker on 1inch, some early reports framed the incident as a 1inch exploit. However, that is not accurate, and both 1inch and Blockaid put out statements clarifying that the protocol itself was not compromised and no user funds on 1inch were affected. TrustedVolumes operates independently across multiple platforms, not exclusively on 1inch. The attack occurred during an especially difficult period for the DeFi ecosystem since it followed a catastrophic month of April, where more than $650 million worth of crypto was stolen from different projects. KelpDAO and Drift Protocol were the most affected, having $292 million and $285.2 million taken away from them. So at $5.9 million, this latest exploit is smaller in scale. But the technical sophistication of the approach, deploying a helper contract, abusing self-service signer registration, and exploiting a maker/funding-source mismatch in a single transaction, puts it in a different category from a simple bug or misconfiguration. The post Hacker Drains $5.9M From Ethereum Liquidity Provider TrustedVolumes appeared first on CryptoPotato .