DeFi News Official Today TheBitTimes.com

The cryptocurrency market faced heavy selling pressure in recent hours as traders reacted to large whale movements and rising outflows from spot exchange-traded funds (ETFs). As of press time, the global crypto market capitalization stood at $3.88 trillion, down from $4.01 trillion just 24 hours earlier, a $130 billion loss. Total global crypto market cap. Source: CoinMarketCap The sharp decline was led by Bitcoin (BTC), which slipped 2.61% in the past day to trade at $111,891 as of press time. On the weekly chart, the leading cryptocurrency has fallen 1.6%. Bitcoin seven-day price chart. Source: Finbold Bitcoin whale transaction shed $4,000 from BTC  The sell-off, which fueled broader investor skepticism, was sparked by a notable whale transaction. In this case, an unidentified whale sold 24,000 BTC worth more than $2.7 billion on Sunday. Consequently, this massive sale triggered an immediate $4,000 drop in Bitcoin’s price within minutes. Despite t...

A tragically patient member of the Bored Ape Yacht Club has finally decided to sell, for less than one-tenth of what it was worth at its peak. Last night, a wallet connected to NiftyNaut.eth sold two Bored Apes that had never transacted since their creation four years ago . On May 1, 2021, this Ethereum user-turned-NFT collector minted Bored Apes 7706, 7709, and eight additional apes. Incredibly, their owner then waited four years and three months to sell. From their minting price of just 0.08 ETH, those Bored Apes then rallied 192,000% to 153.7 ETH precisely one year later. Since that May 1, 2022 high, however, they have declined ever since. Finally, last night, the collector sold for 92% less than their peak value : 11.73 ETH. Selling Bored Apes, down millions from peak That dizzying round-trip took the value of the wallet’s 10 Bored Apes from a starting point of approximately $29,000 to a May 1, 2022 high of $4.3 million to yesterday’s $420,000. Critic...

Bitcoin (BTC) slipped 1.14% in the past 24 hours to $117,529 as the Trump administration previewed its long‑awaited White House report on digital assets, a document that could reshape the U.S. regulatory landscape for crypto. Bitcoin 1-day price chart. Source: Finbold The report, produced by the President’s Working Group on Digital Asset Markets, set out to outline sweeping recommendations for integrating crypto into the U.S. financial system. These include directing the SEC and CFTC to “immediately enable the trading of digital assets at the federal level,” creating regulatory sandboxes and safe harbors for innovative financial products, and fast‑tracking the implementation of the recently signed Clarity Act and GENIUS Act, which respectively establish frameworks for crypto markets and stablecoins. Notably, the report embraces decentralized finance (DeFi) as a key growth area and frames stablecoins as tools for strengthening the role of the U.S. dollar, marking a cle...