Bitcoin recovers to $67,400 after dipping below $65,200 as Houthis enter Iran war

The war just got bigger. Bitcoin briefly got smaller. Bitcoin dipped to $65,112 early Monday morning, according to CoinDesk data, its lowest level since the February crash, before recovering to $67,402 as Asian markets opened. The 24-hour range of $65,112 to $67,389 reflects a market that sold hard on overnight escalation headlines and found buyers…

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Hyperliquid traders in Tokyo get 200-millisecond edge, Glassnode research shows

Hyperliquid is decentralized, but geography still matters, as new research by Glassnode shows traders closer to its infrastructure have a clear speed advantage. Trades from Tokyo-based users can reach the protocol’s validators in as little as 2 to 3 milliseconds. That’s far better latency than European users, who face delays exceeding 200 milliseconds. That’s because…

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Lido DAO Mulls $20M LDO Buyback to Boost Token Price

Lido’s decentralized autonomous organization is considering a one-off $20 million buyback of its governance token to address so-called price dislocation, which is at “historically depressed levels” relative to Ether, according to the DAO.  The proposal, submitted Friday, seeks permission to swap 10,000 Lido Staked Ether (stETH) tokens, currently worth $20 million from the DAO’s treasury…

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Bitcoin bullish bets hit a 28-month high on Bitfinex, and that’s music to bears’ ears

Yes, you read the title right. The number of bullish bitcoin BTC$66,645.62 wagers, the so-called BTC/USD long positions, on the OG exchange Bitfinex has hit multi-month highs. But, bulls, hold your cheers, as this metric has become a textbook “contrary indicator” over the years, with upswings characterizing bitcoin’s price downtrends. Highest since 2023 The number…

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