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The well-known decentralized application data platform DappRadar has announced the cessation of operations due to financial unsustainability and issues with its business model. The price of its token, RADAR, has plummeted, and the decline in the GameFi and NFT industries has led to a sharp decrease in revenue. Summary generated by Mars AI This summary was generated by the Mars AI model; the accuracy and completeness of its content are still being iteratively improved.
Michael Saylor says big finance hasn’t made Bitcoin wilder. Swings are narrowing as the asset base and market structure deepen.
Quick Take Bitcoin has held the low-$90,000 area as retail selling accelerates while whale buyers accumulate, according to BRN Research. Derive.xyz data show increased hedging, and options markets now assign a 50% probability that BTC ends the year below $90,000. Market structure has shifted firmly into a short-term reset, but not a full cycle breakdown, per 21Shares’ latest cycle update.
Quick Take BlackRock’s U.S. spot bitcoin ETF, IBIT, posted a record $523 million in net outflows on Tuesday, marking its fifth straight day of redemptions and extending a weeks-long negative trend. K33 Head of Research Vetle Lunde warned that bitcoin’s derivatives market is entering a “dangerous” setup as traders add aggressive leverage into a deepening correction, creating excess overhang that could amplify liquidation-driven volatility.
Quick Take World Liberty said it froze some user accounts in September following third-party security lapses and is beginning to reallocate funds to secure wallets. Earlier this week, Sens. Elizabeth Warren and Jack Reed reportedly asked the Justice and Treasury Departments to investigate alleged WLF token sales to sanctioned entities, citing Accountable.US research.