Bitcoin (BTC) has recovered to nearly $113,000, signaling a potential end to its three-day decline. Major altcoins are tracking BTC's movement, with further gains dependent on Bitcoin breaking through crucial resistance levels.
"Bitcoin's ability to surpass key resistance at $113,500 and $115,000 will be decisive. Success could reignite the uptrend, while failure increases correction risks," stated Alex Kuptsikevich, FxPro senior analyst.
Metamask MASK Token Development
By Oliver Knight
- ConsenSys, MetaMask's parent company, and Ethereum co-founder Joe Lubin confirmed the upcoming MASK token launch, suggesting it may arrive sooner than anticipated.
- Lubin clarified that MASK will facilitate MetaMask's decentralization, shifting control from centralized models toward community governance.
- While official tokenomics remain unpublished, MetaMask will likely emulate ConsenSys's Linea model: minimal company allocation with majority supply dedicated to ecosystem incentives, developer funding, and user rewards.
- Historical airdrops prioritized active users, fueling speculation that MetaMask will reward users with significant platform activity like swaps or dApp interactions.
- Some social media users caution against high expectations, with Wale Moca estimating potential $8.5 per user if MASK launches at $3 billion FDV, based on 70 million users averaging five wallets each.
- MASK joins anticipated airdrops including Base, OpenSea, and HyperLiquid's second distribution.
Crypto Derivatives Analysis
by Omkar Godbole
- Aster token futures open interest surged 46%, contrasting with stagnant OI in top-20 token futures.
- Bitcoin perpetual futures OI held steady at 274,000 BTC since Asian trading, suggesting futures traders remain cautious despite spot price recovery.
- XRP and ETH markets mirrored Bitcoin's patterns, while SOL OI increased during Asian hours.
- HYPE and XMR exhibited elevated funding rates exceeding 25% annualized.
- CME ether futures OI approaches record highs above 2.2 million ETH, while BTC futures activity remains muted.
- Deribit BTC risk reversals indicate put protection bias through June 2026; ETH options show put bias through December expiry.