Bitcoin (BTC) and altcoins are breaking records as short position liquidations pass $3 billion over two days. Key points: Crypto short liquidations since Thursday are in excess of $3.1 billion, per CoinGlass data. Bitcoin continues its upside reaction to a US Treasury liquidity intervention, approaching $72,000. Bitcoin short-term holders take profit on previously underwater positions … Read more
Something big is happening in the crypto world right now. A major cryptocurrency exchange has suddenly stopped all user withdrawals. They are calling it a “technical glitch.” This is causing a lot of fear and confusion among investors. Billions of dollars are effectively frozen on the platform. The exchange in question is GlobalXchange, a top-tier … Read more
U.S. President Donald Trump is set to host crypto bigwigs at the White House Wednesday. The meeting — first reported last week by POLITICO — will see executives from the prediction market and digital asset space meet to discuss regulation. According to reports, some of the big names due to meet include executives from Coinbase, … Read more
Daily liquidations of Bitcoin positions surged on Wednesday after the price of the leading digital asset flirted with $70,000. Over $1.7 billion in positions held by traders shorting the biggest cryptocurrency have been closed in the past 24 hours, according to Coinglass data. And the vast majority — $1.5 billion — of those positions were … Read more
U.S. President Donald Trump urged lawmakers to pass the Clarity Act on Wednesday — and also hinted that the government may accumulate more bitcoin. After gathering with crypto executives at the White House, President Trump said that getting the Clarity Act over the line would keep the U.S. ahead of China. Lawmakers were hoping to … Read more
Four of the five candidates supported by ads funded by the cryptocurrency-aligned political action committee (PAC) Fairshake won their primaries or otherwise advanced on Tuesday, potentially a bellwether for the industry’s influence in the 2026 midterm elections. On Tuesday, Democratic and Republican candidates supported by media funded by the Fairshake-affiliated PACs Protect Progress and Defend … Read more
Standard Chartered and HSBC have completed the first live cross-border transaction on Swift’s blockchain-based ledger, demonstrating interoperability between the banks’ tokenized deposit systems a month after the ledger’s launch. The transaction involved payment messages exchanged between the two through Swift’s ledger, with the resulting obligations recorded on HSBC’s Tokenised Deposit Service and StanChart’s tokenized deposit … Read more
Australian tech firm Apate deploys a vast array of AI-bot characters worldwide that play the role of gullible scam victims to waste millions of hours of con artists’ time each month. Hilariously, one of the company’s monthly performance metrics is how many times frustrated scammers swear at the idiot ‘victims’ who are playing dumb and … Read more
Nexo Australia launched crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act, the company said in a Tuesday announcement shared with Cointelegraph. The new credit lines allow eligible clients to borrow Australian dollars or stablecoins by using their cryptocurrencies as collateral without having to sell them. Funds are generally … Read more
The US Securities and Exchange Commission (SEC) has proposed new rules that could affect the cryptocurrency industry after lawmakers in Congress failed to pass a market structure bill before breaking for a month-long recess. In a Tuesday notice, the SEC said that the agency proposed rules to create a “clear and fit-for-purpose framework for certain … Read more