News

ChainCatcher news, according to the official announcement, KelpDAO stated that the final batch of 20,373.72 rsETH was recently transferred to the rsETH OFT adapter, marking the completion of the operational phase of the rsETH recovery plan. KelpDAO also provided the related transaction information.

BlockBeats News, May 26th, according to Bitget data, the South Korean KOSPI index surged above 8100 points, hitting a record high and rising 3.24% intraday.

BlockBeats News, May 26th - Cryptocurrency analyst Axel Adler Jr. stated that despite BTC recently reclaiming $77,000, the net inflows to exchanges and continuous outflows from spot ETFs are still creating localized selling pressure in the market. Data shows that in the past week, approximately 18,000 BTC were net inflows into exchanges, indicating more BTC being moved to exchanges for selling. At the same time, the net outflows from US spot Bitcoin ETFs were around 16,000 BTC during the same period. The combined data forms a potential selling pressure of around 34,000 BTC. Glassnode data also shows that the daily trading volume of spot BTC ETFs has dropped to below $20 billion, whereas it once exceeded $50 billion by the end of 2025, reflecting a cooling down of speculative demand from traditional financial channels. However, market sentiment has recently improved due to expectations of a US-Iran peace agreement. BTC quickly rebounded to around $77,800 after falling below $75,000. Derivative data indicates that this round of increase was primarily driven by short covering. The total open interest (OI) of BTC dropped from around 268,000 BTC to 250,000 BTC and then slightly rebounded, and the funding rate also cooled down simultaneously, indicating a decrease in leverage long overcrowding. Analysts believe that for BTC to further push towards $80,000, there needs to be a synchronous increase in spot demand and open interest.