The coming week in crypto will bring a positive development in the case of Ethereum’s Fusaka upgrade being applied to the Sepolia testnet. However, concerns remain over the crypto market in general as the U.S. government continues its shutdown, which has halted several crypto ETF applications in their tracks. The crypto market sold off on […]
China’s Ministry of Commerce (MOFCOM) says its new rare-earth export controls are lawful national-security steps — not blanket bans — and that licenses will be issued for eligible civilian trade, according to a spokesperson’s Q&A posted on X Sunday morning local time. Rare earths — a group of 17 elements used in permanent-magnet motors for […]
Friday’s sell-off triggered what Bitwise portfolio manager Jonathan Man called the worst liquidation event in crypto history, with more than $20 billion wiped out as liquidity vanished and forced deleveraging took hold, in an article on X published Saturday. Perpetual futures — “perps” in trading shorthand — are cash-settled contracts with no expiry that mirror […]
Auto-deleveraging is the emergency brake in crypto perpetuals that cuts part of winning positions when bankrupt liquidations overwhelm market depth and a venue’s remaining buffers, as Ambient Finance Founder Doug Colkitt explains in a new X thread. Perpetual futures — “perps” in trading shorthand — are cash-settled contracts with no expiry that mirror spot via […]
Coinbase is preparing to launch a new American Express credit card in the U.S. this fall, and everything about it — from the design to the rewards — seems tailored to bitcoin enthusiasts. A card built around bitcoin’s origin story Unlike most crypto-linked cards, Coinbase’s upcoming product isn’t just about perks — it’s about symbolism. […]
Ethana’s yield-bearing stablecoin, USDe, briefly lost its 1:1 dollar peg during the recent sharp market sell-off triggered by U.S. President Donald Trump’s announcement of a 100% additional tariff on China. On Binance, USDe dropped to 65 cents before quickly regaining parity with the dollar during what’s seen as crypto’s largest ever liquidation event in U.S. […]
While bitcoin (BTC), ether (ETH) and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend amid the precious metal’s rally. Tokens tied to physical gold, including Paxos’ PAXG and Tether’s XAUT, were among the few to hold their ground, and even edge higher, as broader […]
The crypto market experienced its largest liquidation event ever on Friday night U.S. time, forcing out leveraged bullish bets worth $16 billion across bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL), and the broader altcoin market. Several altcoins have crashed between 20% to 40% as the market recoiled. Naturally, bulls may be wondering whether the […]
XRP collapsed as much as 42% in Friday’s trade, its sharpest one-day drop in recent years, as whales liquidated across major venues and futures open interest fell $150 million. The selloff drove price as low as $1.64 before a partial recovery to $2.36, with volumes surging 164% above the 30-day average — a sign of […]
Crypto liquidations continued their rout early morning Asia hours after the broader crypto market continued its plunge hours after U.S. President Donald Trump threatened 100% tariffs on Chinese imports via a Truth Social post, which triggered a global risk-off wave and wiped out more than $16 billion in long positions by midday Hong Kong time. […]
Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash. Bitcoin (BTC), already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% […]
By Omkar Godbole (All times ET unless indicated otherwise) It’s a tough market to trade as bitcoin’s (BTC) price swings sharply. Following a late Thursday drop from $123,000 to $120,000, BTC has recovered to trade around $121,400, with privacy coins such as Zcash (ZEC) and dash (DASH) rising sharply. The CoinDesk 20 Index has bounced […]