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Analyst: Bitcoin Key Upside Target Price Around $93,000

2026.05.06 18:43:31

On May 6th, a CryptoQuant analyst noted that $93,000 is a critical upward target for Bitcoin. The CME gap isn’t a guarantee—rather, it’s a signal: these gaps represent a zone where trading positions, liquidity, and market psychology intersect, making it a key reference point for future price action.
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Coinbase will suspend perpetual contract trading for 10 tokens, including MEME, SAND, and BIRB.

Coinbase will suspend trading in the following perpetual contracts around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). All remaining open positions will be automatically settled at that time, with the final settlement price calculated as the average index price over the 60 minutes prior to the trading suspension. The funding rate for the last cycle will be set to zero.

4 minutes ago

Goldman Sachs plans to acquire Neos for up to $2.25 billion, thereby gaining a Bitcoin options income ETF with an approximate size of $1 billion.

Goldman Sachs will acquire ETF issuer Neos Investments for up to $2.25 billion through cash and equity transactions. Neos operates nearly 24 options-based income ETFs with around $32 billion in assets under management (AUM); upon deal closure, Goldman Sachs’ ETF AUM is projected to increase to approximately $130 billion. Bloomberg ETF analyst Eric Balchunas noted that the acquisition will give Goldman Sachs access to Neos’ roughly $1 billion Bitcoin Premium Income ETF (BTCI). The fund generates returns via Bitcoin-related assets and option strategies, boasting a distribution yield of around 27% and the ability to capture most of Bitcoin’s upside gains.

4 minutes ago

Pakistani mediators are seeking to extend the ceasefire between the United States and Iran.

According to Saudi Arabia's Al Arabiya TV, Pakistani mediators are seeking to extend the 60-day ceasefire between the United States and Iran.

4 minutes ago

Hyperliquid Plans to Add Token Denomination Adjustment Feature for HIP-1

Hyperliquid founder Jeff announced in a Discord post that, based on developer feedback, HIP-1 will add a deployer-controlled scaleWei feature. The feature enables atomic allocation of tokens from system addresses proportional to users’ holdings of reference tokens, and supports token denomination adjustments. During the adjustment window, unfilled orders will be canceled and re-placed at their actual proportion, while reverse adjustments can be executed via negative parameters. As EVM does not support equivalent atomic operations, relevant contracts may need to integrate custom balance handling logic.

4 minutes ago

Coinbase will suspend perpetual contract trading for 10 tokens including MEME, SAND, BIRB.

Coinbase will suspend perpetual contract trading for the following assets around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). Remaining open positions will be automatically settled, with the final settlement price based on the average index price of the 60 minutes prior to the trading suspension. The funding rate for the last cycle will be set to zero.

4 minutes ago

Stocks shorted by "Big Short" Michael Burry all rallied, with NBIS surging more than 20%.

Today, U.S. stocks rallied broadly on positive CPI data. According to market data from BIT (bit.com), multiple stocks shorted by "Big Short" investor Michael Burry posted notable gains: NBIS rose 20.96% to $233.62, Micron gained 6.26%, NVIDIA climbed 2.93%, and SOXX advanced 2.89%. Per Michael Burry’s August 6 trading update on Substack, he established a large direct short position in NBIS at roughly $211.77 per share. He chose to short the stock directly instead of purchasing put options, as put options at the time carried an implied volatility exceeding 100% and were overpriced.

4 minutes ago

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