weekend

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Bitcoin has not effectively broken below the strong support of $60,000. The price difference between Coinbase and Binance is narrowing, indicating that the selling volume from U.S. institutions like ETFs is decreasing, and the crypto market may see a rebound over the weekend.In yesterday's news, Jiang Zhuoer announced that he has "bottom-fished" and bought back all ETH positions at $1,645, expecting to start selling after a rebound in 1 to 3 days.

According to official news, the world's largest derivatives exchange group, CME Group, announced the official launch of a 7×24 hour continuous trading mechanism for cryptocurrency futures and options products. The new trading session started on May 29, marking the first time that the traditional regulated derivatives market has fully aligned with the "around-the-clock trading" model for crypto assets.According to data disclosed by CME, over 7,200 cryptocurrency futures and options contracts were traded during the first weekend after the service went live, corresponding to a nominal trading volume of approximately $50 million, demonstrating the immediate demand for weekend liquidity from institutional and retail investors. Tim McCourt, CME's Global Head of Equity, FX, and Alternative Products, stated that cryptocurrency assets themselves operate on a 7×24 hour trading basis, and the launch of the around-the-clock trading mechanism by CME aims to bridge the time gap between the traditional regulated market and the crypto spot market, enabling continuous price discovery and risk management.At the same time, CME's newly launched Bitcoin Volatility Futures also opened for 7×24 hour trading. This product allows investors to trade the implied volatility of Bitcoin for the next 30 days directly, without bearing the risk of Bitcoin price fluctuations. Market participants believe this move indicates that the traditional financial system is further aligning with the crypto market. Following spot ETFs, tokenized assets, and stablecoins, the regulated crypto derivatives market is also beginning to evolve towards the same around-the-clock trading model as the spot market, which helps enhance institutional participation and improve weekend market liquidity.

According to official news, the Chicago Mercantile Exchange Group (CME Group) has officially launched 24/7 trading for cryptocurrency futures and options. Over the first weekend, a total of more than 7,200 contracts were traded, with a nominal value of approximately $50 million.Bitcoin volatility futures have also been launched simultaneously. Tim McCourt, the Global Head of Equity, FX, and Alternative Products at the Chicago Mercantile Exchange Group, stated that this move meets customer demand for continuous liquidity over the weekend, bridging the gap between traditional regulated venues and the 24/7 nature of cryptocurrencies.

According to official news, Gate will launch a special celebration event for joint earnings from April 24 at 12:00 to May 13 at 12:00 (UTC+8), with a total prize pool of 1,000,000 USDT. During the event, users can open exclusive red envelopes and invite friends to register. After friends complete identity verification and designated tasks, both parties can share cash rewards, with a maximum of 100 USDT per instance. The more invitations sent, the more rewards earned, with no cap on individual earnings.In addition, Gate will launch the second phase of the weekend arena battle event from April 24 at 16:00 to April 27 at 16:00 (UTC+8), with a total prize pool of 3,348,000 PENGU. During the event, users who invite friends to register and complete a cumulative trading volume of ≥ 200 USDT will be considered valid invitations and unlock multiple rewards. The milestone rewards can be stacked up to a maximum of 7,800 PENGU, and there will also be a popularity ranking reward, with the top 3 able to share an additional 128,000 PENGU. Additionally, invited friends can receive a 260 PENGU newcomer reward after completing tasks.

Bloomberg cited a report from Jefferies LLC stating that a hacker attack over the weekend that siphoned nearly $300 million from a small crypto project, along with the resulting $10 billion fund run at the largest decentralized lending platform, may slow Wall Street's interest in blockchain technology.Andrew Moss, an analyst at Jefferies' digital asset research team, pointed out that banks, asset management companies, and payment institutions have been developing blockchain products similar to the technology systems exploited by North Korean hackers over the past year.While the report believes this incident is unlikely to impact traditional financial markets, it warns that traditional financial institutions may pause and reassess the associated risks before further advancing their blockchain initiatives.

According to Reuters, U.S. President Trump stated that he may go to Islamabad once an agreement is reached, but no decision has been made yet. There may be more negotiations regarding the Iran agreement this weekend.

Ahead of the negotiations between the U.S. and Iran this weekend, oil prices have risen but remain below $100 per barrel. Emmanuel Belostreino, head of global crude oil and geopolitical market data at Kpler, stated, "The outcome of the negotiations, especially whether a viable shipping navigation agreement can be formed, is a key variable in determining whether the current backlog situation can begin to ease."In early European trading, both WTI and Brent crude oil continued to rise, currently reported at $99.7 per barrel and $97.6 per barrel, respectively. Navigation in the Strait of Hormuz remains largely frozen, and supply disruptions keep the market tense. Iran's attacks on Saudi Arabia's main export route (the East-West pipeline) have resulted in a daily reduction of approximately 700,000 barrels in the pipeline's delivery capacity.

Bitwise Chief Investment Officer Matt Hougan stated that it was previously expected that traditional markets would take 5 to 10 years to migrate to on-chain at scale. However, following the U.S. attacks on Iran and during the global major stock market closures, a large number of investors flocked to crypto platforms to trade tokenized assets, significantly advancing the timeline for the adoption of "on-chain finance." The crypto perpetual contract platform Hyperliquid has become a trading center for real-world assets (RWA) such as crude oil and tokenized gold."During most of Sunday, on-chain finance became the center of the global financial market," data shows that Hyperliquid's total trading volume exceeded $11.5 billion over the weekend. Additionally, the 24-hour trading volume of Tether's tokenized gold product, Tether Gold, surged to over $300 million at one point, and the trading volumes on prediction markets Kalshi and Polymarket also saw significant increases.

According to Cointelegraph, former Credit Suisse Chief Investment Officer Iggy Ioppe stated that during the period when CME Group's gold futures closed on Friday at 5:00 PM (Eastern Time) and reopened on Sunday at 6:00 PM, nearly all publicly visible gold price formation occurred in the on-chain market.He pointed out that during this time window, the regulated futures market was paused, and while there was some activity in the over-the-counter (OTC) market in Asia, it was not publicly transparent. Therefore, tokenized gold assets such as PAX Gold (PAXG) and Tether Gold (XAUt) became the only continuously tradable public market."From the perspective of publicly visible price formation, the on-chain market accounted for almost 100% of weekend price discovery." When CME resumes trading, futures prices typically align with the fluctuations that have occurred in the on-chain market.Data shows that the market capitalization of tokenized gold has risen to $4.4 billion, with approximately $2.8 billion added in the past year, an increase of 177%, far exceeding the performance of most spot gold ETFs. The total trading volume for 2025 is about $178 billion, with a peak of over $126 billion in the fourth quarter alone, making it second only to SPDR Gold Shares in terms of trading volume.On Saturday, amid airstrikes by the U.S. against Iran and escalating geopolitical tensions, tokenized gold briefly rose, with XAUt surpassing $5,450 and PAXG nearing $5,536, while Bitcoin and Ethereum fell in tandem.Current major participants include market makers, cross-market liquidity providers, and crypto-native macro traders who use tokenized gold for arbitrage, collateral, hedging, and yield strategies. Some institutions also monitor weekend on-chain gold trends to assess the "gap risk" before CME opens, but they often regard it as a reference signal rather than a direct basis for building positions.

DeFiance Capital founder Arthur posted on platform X, stating that cryptocurrency has now become the preferred short hedge tool for traditional finance in any risk-off events over the weekend, and he feels regret about this.

According to Cointelegraph monitoring, over the weekend, an anonymous person transferred 2.565 bitcoins to Satoshi Nakamoto's genesis address, worth approximately $181,000.

Bitget launches the 4th edition of the Weekend Party. During the event, users who sign up will receive a trial fund airdrop, with a total of 10,000 USDT in trial funds, awarded on a first-come, first-served basis. In addition, users who complete specific contract trading volume tasks will receive 1 lottery chance, with a maximum of 7 chances. Each additional lottery chance increases the possibility of winning the grand prize, with a winning rate of 100%. The prize pool includes USDT and physical prizes like the iPad Air.Detailed rules have been published on the Bitget official platform. Users must click the "Join Now" button to complete their registration in order to participate in the event. The event ends on February 8 at 23:59 (UTC+8).

According to CoinDesk, affected by the weak market liquidity over the weekend amplifying selling pressure, the price of Bitcoin has fallen below $81,000. In addition, market participants pointed out that the tense geopolitical situation in the Middle East, uncertainty over the U.S. government shutdown, and cautious sentiment within the cryptocurrency market are collectively suppressing the performance of risk assets.Market data shows that the price of Bitcoin has dropped about 2.2% in the past 24 hours. Weekend trading volumes typically decline, making prices more susceptible to rapid fluctuations. The market is still in a range-bound trend, with traders focusing on whether Bitcoin can attract a new round of buying in the $80,000-$82,000 range; otherwise, if selling pressure continues over the weekend, prices may further decline.

According to the official announcement, the Gate Perp DEX will officially launch a weekend trading check-in event from January 23, 23:00 to January 25, 23:59 (UTC+8). This session is the first DOGE special event, with a total prize pool of 20,000 USDT. During the event, users who participate in DOGE/USDT perpetual contract trading and meet the specified conditions will have the chance to receive USDT rewards. The spots are limited and will be awarded on a first-come, first-served basis.This event includes two major prize pools:Users who complete at least 2 DOGE/USDT perpetual contract transactions during the event period, with a total transaction amount of no less than 5,000 USDT, will receive a reward. This is limited to the first 300 participants, and each address can only claim once;Users can invite new users who have not completed perpetual contract trading on Gate Perp DEX to participate. If the invited user completes DOGE/USDT perpetual contract trading on the day of the event, and meets the criteria of at least 1 transaction with a single transaction amount of no less than 100 USDT, it will be considered a valid invitation. This is limited to the first 250 successful invitations.

Camp Network announces that it will introduce the prediction market model to the music festival IP field for the first time. The first stop will launch this weekend at the DWP music festival, which has over 90,000 participants, where fans can predict in real-time the live performance trends of headliners like Skrillex, Calvin Harris, and Steve Angello.Camp Network stated that this move marks the first time a multi-billion dollar prediction market track has been combined with large music festival scenes. Traditional predictions have mostly focused on sports events, and Camp Network's innovative model will provide fans with a new interactive experience.The platform plans to promote this model to over 50 music festivals worldwide, reaching millions of fans and continuously expanding the application scenarios of Web3 in the cultural and entertainment fields.

According to CoinDesk, Marcin Kaźmierczak, co-founder of the Oracle provider RedStone, warned that as the trend of tokenizing real-world assets (RWA) grows, the difference between 24/7 trading in the crypto market and the weekend closures of traditional markets could pose significant risks.When traditional markets are closed and on-chain trading continues, a major event over the weekend (such as a "Tesla factory explosion") could lead to a "price dislocation" between tokenized stocks and their actual value on Nasdaq. Most Oracles freeze price data after the U.S. market closes at 4 PM on Friday and do not resume updates until Monday, which could result in on-chain protocols trading with outdated prices, creating arbitrage opportunities or causing lending protocols to be under-collateralized.As more complex asset portfolios go on-chain, this issue may become more severe, necessitating more robust Oracle architectures to manage the gap between open protocols and closed traditional markets.