Author: Admin-aX9d7
Bitcoin’s latest liquidation sweep erased $652.84 million across crypto on April 23, wiping out 172,948 traders. Bitcoin alone contributed $321.70 million, or roughly 50% of the total. Exchange dashboards show shorts carried almost the entire weight: on Bybit, HTX, Gate.io, and CoinEx, more than 95% of BTC positions liquidated were shorts, and across the market, the ratio sat near 94.8%. Bybit led the tally with $163.92 million in BTC losses, followed by HTX at $50.87 million and Gate.io at $44 million, while Binance, OKX, and smaller venues filled out the rest. Bitcoin liquidations across exchanges in the past 24 hours…
Digital asset investment products recorded a modest $6 million in inflows last week, according to CoinShares’ latest report.This follows several weeks of notable outflows, reflecting a cautious market sentiment.James Butterfill, Head of Research at CoinShares, said the week began positively, with capital trickling into digital assets.However, he pointed out that the mid-week US retail sales data, which came in stronger than expected, appears to have spooked investors, prompting significant withdrawals.Butterfill said total outflows following the report reached $146 million, erasing earlier gains.Bitcoin and Ethereum face pressure, while XRP shinesBitcoin, the bellwether digital asset, remained the most actively traded crypto but ended…
Recent months have seen the ebb and flow of a certain pattern: US President Donald Trump will take some objectively harmful action to the US economy, and the markets will crash. Seeing this, Trump turns to Jerome Powell, chair of the Federal Reserve, and demands he lower the Fed Funds Rate — the rate at which the Fed lends money to banks. And the steely-eyed Powell will say, “No.”Trump wants to lower rates because doing so is an effective cash injection into the United States economy, stimulating activity and lifting the market. This, he believes, will make him appear successful.…
16h05 ▪ 4 min read ▪ by Evans S. The Ekaterina Djanova case resembles a financial thriller where crypto, organized crime, and judicial loopholes intertwine. While this 38-year-old woman, nicknamed “the shadow banker”, has been languishing in prison for two years, a legal twist could set her free. Behind this possible legal escape lie burning questions: how does the crypto system facilitate large-scale money laundering? And how far does digital impunity extend? In Brief The Ekaterina Djanova case reveals the links between crypto, money laundering, and judicial loopholes. Nicknamed “the shadow banker,” she could be released by exploiting a procedural…
Former US President Donald Trump‘s fourth NFT collection has generated over 22,000 transfers on the Polygon network, translating to more than $2 million in sales, according to on-chain data.This level of interest is noteworthy, mainly since these NFTs cannot be sold on secondary markets until Jan. 31, 2025.However, this performance starkly contrasts his earlier collections, which sold out swiftly after their launch. Current figures indicate that Trump has only sold about 6% of the 360,000 total NFTs more than 24 hours after the collection’s release.If the collection eventually sells out, it could generate $36 million in revenue, with each trading…
Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit. On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the lending protocol after taking out a “series of undercollateralized loans”, Loopscale co-founder Mary Gooneratne said in an X post. The exploit only impacted Loopscale’s USDC and SOL vaults and the losses represent around 12% of Loopscale’s total value locked (TVL), Gooneratne added. Loopscale is “working to resume repayment functionality as soon as possible to mitigate unforeseen liquidations,” its said in an X post. “Our team is fully mobilized…
Institutional ownership of Bitcoin has surged over the past year, with around 8% of the total supply already in the hands of major entities, and that number is still climbing. ETFs, publicly listed companies, and even nation-states have begun securing substantial positions. This raises important questions for investors. Is this growing institutional presence a good thing for Bitcoin? And as more BTC becomes locked up in cold wallets, treasury holdings, and ETFs, is our on-chain data losing its reliability? In this analysis, we dig into the numbers, trace the capital flows, and explore whether Bitcoin’s decentralized ethos is truly at…
The price of bitcoin (BTC) price has recovered to $94,000 since hitting lows under $75,000 early this month. The surge is characterized by crypto whales, large investors with substantial capital, snapping up coins from the market, in activity seen as confirming the rally.The renewed demand from whales is evident in Glassnode’s proprietary Accumulation Trend Score, which reflects the relative size of entities actively soaking up new coins on-chain. A score of 1 indicates that, on aggregate, the entities are accumulating, while a value close to zero suggests otherwise.As of Thursday, wallets holding over 10,000 BTC had an accumulation score of…
Compound Labs, the team behind the DeFi protocol Compound Finance, is considering launching a dedicated foundation to streamline operations and support the protocol’s long-term development.Compound is one of the most popular DeFi lending protocols on Ethereum. According to DefiLlama data, the platform currently has $2.5 billion in total value locked (TVL).Following the announcement, COMP, Compound Finance’s native token, fell roughly 6% to a local low of $42 before recovering slightly to trade at approximately $45 as of press time, based on CryptoSlate data.Why Compound Foundation?In an April 1 social media post, the firm noted that establishing a foundation has become standard…
Democrats are expressing growing dissatisfaction with U.S. President Donald Trump’s administration, and a senator from Georgia told attendees at a town hall that Trump’s latest meme coin gala event “rises to the level of an impeachable offense.” From Gaza Comments to Crypto Dinners, Trump Faces Growing Impeachment Calls On Friday, Sen. Jon Ossoff, D-GA, told […]