Cryptocurrency
Bracket Labs Expands Cross-Chain to Deliver Volatility Trading Product, Passage, to BNB Chain’s 1+ Million Users

[PRESS RELEASE – Panama City, Panama, February 1st, 2024]
Integration Comes on the Heels of $2 Million Investment Led By Binance Labs
Bracket Labs, a leader in on-chain volatility trading, announces the integration of its trading product, Passage, with BNB Chain, expanding Bracket’s simple, one-click trading platform to the most active trading blockchain in Decentralized Finance.
Crypto markets cyclically fluctuate through long periods of sideways trading followed by short periods of volatility. To take advantage of these conditions, Bracket innovates on traditional financial instruments and delivers an all-new leveraged trading product for volatility that is ideal in both sideways and trending markets.
With more than $3.2 billion in total value locked and 1+ million daily active users on BNB Chain, Bracket Labs will have access to increased liquidity for faster transactions and improved pricing. With this launch, Bracket Labs further diversifies its platform for traders with access to cheap fees on BNB Chain.
“We are excited to work with innovative, fully on-chain applications, especially as DeFi continues to grow and flourish. Tackling the problem of volatility or options trading is not easy, but Bracket Labs team has worked really hard to distill a complex topic into something that is fun and easy to use. This is a welcome addition to the BNB Chain ecosystem,” Mehmet Buyu, Global Business Development Manager, BNB Chain.
The latest expansion marks a culminating step in Binance Labs’ incubation and investment in Bracket Labs. The debut of the BracketX platform on BNB Chain follows the completion of a successful $2 million pre-seed fundraising round in January 2024. BracketX will incorporate infrastructure from BNB Chain, including BNB Greenfield, for optimal decentralized storage.
Passage, Bracket Labs’ flagship product, is designed to simplify on-chain volatility trading. The expansion to BNB Chain aligns with Bracket Labs’ commitment to democratizing financial products and fosters innovation in decentralized finance. Passage delivers an all-new volatility model for any market condition, enabling traders to navigate volatility and trade based on sideways or trending markets without a bias for price direction.
“We have worked closely with Binance Labs and BNB Chain for nearly a year to reach this point and we’re excited to finally debut our product for the incredible traders across BNB Chain,” says Pelli Wang, Co-Founder and COO of Bracket Labs. “Our launch on BNB Chain opens up a myriad of opportunities due to their active trading volume and liquidity. We expect many more partnerships in the future.”
Bracket Labs also expects to expand its derivatives trading products to include assets traded primarily on BNB Chain, including Pancake (CAKE) and more. Bracket Labs is also planning to add partnerships with major wallet providers, DEXs, Perpetuals, and Liquid Staking projects to grow its ecosystem with a focus on the international market.
For more information about BracketX and Passage, please visit www.bracketx.fi.
About Bracket Labs
Bracket Labs’ mission is to democratize financial products and introduce on-chain innovations in volatility trading. Domiciled in Panama, the team has deep crypto and traditional finance backgrounds and senior leadership experience at D.E Shaw, Merrill Lynch, Barclays, Bloomberg, Consensys, DeerCreek, and more.
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Cryptocurrency
On-Chain Data Signals ‘Buy the Dip’ as Bitcoin Hashrate Hits New Highs

Bitcoin (BTC) is down almost 7% from its all-time high (ATH), and on-chain signals are flashing a buying opportunity.
According to Darkfost, a pseudonymous analyst at the market intelligence platform CryptoQuant, this buy signal is coming from the Bitcoin Hash Ribbons indicator. This metric tracks the Bitcoin hashrate and is used to identify potential entry points during a market correction.
Is it Time to Buy the Dip?
The Hash Ribbon monitors Bitcoin mining activity and tells when miners are under stress or capitulating by comparing the 30-day and 60-day moving averages of the hashrate. Miner capitulation refers to a period when miners shut down their hardware and sell off their coin reserves to remain afloat because BTC has fallen below a certain price.
On most occasions, the capitulation coincides with the hashrate recovery. The hashrate metric tells how much computational power is required to solve complex math problems and approve transactions on the Bitcoin network. During this period of recovery, mining becomes more difficult.
Market experts say buying BTC during miner capitulation yields significant returns, and the best buy signals are seen during hashrate recoveries. Recently, Bitcoin’s hashrate has been reaching new highs, with the latest being 1.016 billion TH/S. The network’s mining difficulty also surged past 126 trillion during the last adjustment on May 30.
“We recently got a new buy signal from the Hash Ribbons indicator. This metric helps us assess the level of stress in the Bitcoin mining ecosystem. It’s not a big surprise considering that the hashrate has recently reached new all-time highs,” Darkfost stated.
Miners Are Selling Their BTC
Furthermore, the CryptoQuant analyst noted that the Hash Ribbon’s flashing a buy signal is a short-term negative. This is because miners selling their BTC to stay operational create long-term profitable opportunities.
Darkfost explained that the indicator has always been accurate except once, during the 2021 China mining ban event. Hence, the possibility of the metric being correct this time is high.
“Bottom line, this signal is telling you that buying the dip around here is a smart move,” he added.
The analysis comes as a solo BTC miner defied hashrate odds and beat mining giants to validate a block on the Bitcoin network, earning a reward worth over $330,000. Mining successes like this are extremely rare due to the high computational power required to approve transactions.
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Cryptocurrency
USD1 Stablecoin Goes Live on DWF Liquid Markets

[PRESS RELEASE – Dubai, UAE, June 5th, 2025]
The next-generation web3 investor and market maker DWF Labs has announced that the USD1 stablecoin has gone live on DWF Liquid Markets. Its introduction means that more than 1,000 counterparties can access USD1 via DWF’s institutional-grade trading solution.
Developed by World Liberty Financial, USD1 operates as a fiat-backed stablecoin for institutional and retail traders. Custodied by BitGo, USD1 is fully backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.
USD1 will form a cornerstone of DWF Liquid Markets which supports instant OTC trades using a request for quote (RFQ) model. This enables traders to tap into competitive price quotes and execute OTC trades privately with no market impact. Characterized by deep liquidity and 24/7 access, DWF Liquid Markets is optimized for facilitating large trades of leading crypto assets.
Andrei Grachev, Managing Partner at DWF Labs, said: “Stablecoin diversity is integral to supporting a robust trading ecosystem that isn’t reliant on any single dollar-based asset. The launch of USD1 on DWF Liquid Markers supports this goal, giving professional traders access to a versatile and transparent stablecoin that can serve as a base pair for all their trading activity.”
The introduction of USD1 on DWF Liquid Markets will significantly expand access to the institutional-friendly stablecoin which is fully backed by a reserve portfolio audited regularly by a leading accounting firm.
Initially launched on Ethereum and Binance Smart Chain, USD1 will eventually expand to other protocols in the future. Each token is designed to maintain a value of $1 USD and is fully backed by a reserve portfolio audited regularly by a third-party accounting firm.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
Learn more: https://www.dwf-labs.com/
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Cryptocurrency
Bitcoin (BTC) Sees Highest Wallet Growth and Circulation Spikes of 2025

Bitcoin climbed to a fresh peak in May, but upward momentum slowed as long-term holders began locking in profits. Its price has remained relatively stable this week, fluctuating within a narrow range of $103,000 to $106,000.
At the time of writing, the crypto asset trades below $105,000, which represents a minor decline over the past day. Despite the subdued price action, Bitcoin is seeing an increased user participation.
Strong BTC Network Growth
Bitcoin’s on-chain activity has spiked sharply this week, according to the latest analysis from Santiment. On May 29, the network registered 556,830 newly created wallets – the highest daily total since December 2, 2023, representing a significant surge in user growth.
Just days later, on June 2, Bitcoin saw its most active circulation day since December 8, 2024, with 241,360 BTC moved. These activity spikes coincide with Bitcoin’s price trading just below $105,000.
Santiment noted that rising network growth and token circulation are typically bullish indicators, pointing to a renewed interest and broader utility at a time when the crypto market continues to consolidate.
The latest activity comes as Bitcoin sees renewed bullish accumulation, with new whales, wallets holding 1,000+ BTC with coins aged under six months, doubling their holdings to 1.1 million BTC since March. This 600K BTC surge, which is around $63 billion, now represents 5.6% of the total supply, indicating intensified fresh capital inflows.
Unlike long-held coins, these recent buys suggest increased investor conviction. Combined with a 30% drop in exchange balances and increasing institutional adoption, market experts view this behavior as a setup for a supply squeeze.
While increased network activity and accumulation trends paint a strong demand-side picture, miner-focused metrics are now offering additional insights into the current market setup.
Bitcoin Hash Ribbons Flash Rare Buy Signal
Bitcoin’s Hash Ribbons indicator has issued a new buy signal, highlighting stress within the mining sector. The tool monitors the 30-day and 60-day hashrate moving averages to detect periods when mining becomes less profitable.
Such stress often forces miners to sell their BTC, adding short-term selling pressure. However, this has historically reflected attractive buying opportunities for long-term investors. Given Bitcoin’s hash rate has recently hit all-time highs, the emergence of this signal suggests the current market dip may be worth buying.
It’s important to note that, aside from 2021’s mining ban in China, this indicator has proven consistently reliable in identifying solid entry points.
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