Bitcoin (BTC) losses passed 6% after Wednesday’s Wall Street open as a cascade of liquidations gathered pace. Key points: Bitcoin falls below $67,000 for the first time since the first week of April as losses pile on. Liquidations hit $1.25 billion over 24 hours as analysis sees the mid-$50,000 range returning. BTC/USD appears to repeat … Read more
Privacy-focused blockchain protocol Zama said it will accelerate compliance measures and proceed with its confidential USDC launch after a US court lifted a temporary freeze on about $12.5 million in USDC held in its cUSDC smart contract, according to a Tuesday X post by co-founder Rand Hindi. The freeze, first reported by Cointelegraph on Saturday, … Read more
Decentralized exchange edgeX has attributed a more than 40% collapse in its EDGE token to ‘deliberate’ market manipulation by an unnamed external party, a claim that onchain investigator ZachXBT has dismissed. Data from CoinMarketCap shows edgeX (EDGE) plunged from roughly $1.20 to an intra-day low of $0.3663 on Tuesday, a drop of around 70%. The … Read more
Defunct Japanese crypto exchange Mt. Gox moved roughly $739 million worth of Bitcoin from its cold wallets early Tuesday, its first onchain movement in over two months, according to Arkham Intelligence data. Blockchain data shows the exchange transferred 10,306 Bitcoin (BTC), worth approximately $730.8 million, from its cold wallet to an unmarked address at 4:47 … Read more
Stock and crypto trading platform Robinhood has entered the Canadian market after closing a $180 million stock acquisition of local crypto technology company WonderFi, gaining the company’s licenses and regulatory approvals in the country. Robinhood said on Monday that the acquisition marks the platform’s entry into Canada and will see crypto exchanges Bitbuy and Coinsquare … Read more
Bitmine Immersion Technologies has purchased another $52 million worth of Ether (ETH), with its chair, Tom Lee, saying that the token’s price isn’t yet reflecting the Ethereum blockchain’s strengths. “Over the past week, we acquired 26,497 ETH,” Lee said in a statement on Monday. “In our view, ETH prices are not reflecting the strengthening of … Read more
Key takeaways: Whale’s bullish positioning in the Bitcoin derivatives market is failing to counter the heavy spot selling pressure. The slight discount on USDT indicates capital is exiting to fiat, exposing the Bitcoin futures leverage risks. Bitcoin (BTC) dropped below $71,000 on Monday for the first time in seven weeks, liquidating $276 million in leveraged … Read more
The Dogecoin Foundation’s corporate arm has partnered with Paxos to integrate DOGE across its brokerage and custody infrastructure, potentially expanding access to the memecoin through regulated financial channels. According to a Monday announcement, Dogecoin (DOGE) will become available through Paxos’ brokerage and custody platform, allowing the company’s fintech, payments and institutional clients to evaluate support … Read more
A group of lawmakers within Japan’s Liberal Democratic Party (LDP) are seeking reforms to the country’s cryptocurrency taxation system, as well as support for initiatives for the development and adoption of yen-denominated stablecoins. According to a Monday Nada News report, the LDP’s Parliamentary Association for the Promotion of Blockchain delivered recommendations to Finance Minister Satsuki … Read more
An early Ether (ETH) investor sold their ETH holdings over the past week as the price headed toward $2,000, sparking fears of further losses. However, onchain data tells a different story as traders speculate where ETH/USD might bottom. Key takeaways: An early Ethereum whale sold $136 million in ETH, adding pressure as Ether trades below … Read more