Bitcoin’s rapid surge to an all-time high of $126,100 has been abruptly reversed, following one of the largest futures deleveraging events in history and weakening ETF inflows that signal cooling institutional appetite. Bitcoin’s Record Run Reverses. Source: Glassnode Massive leverage flush hits bitcoin derivatives According to Glassnode’s latest on-chain report, ...
Quick Breakdown OKX extends collateral mirroring service with Standard Chartered to the EEA. The programme lets institutions trade crypto while assets stay in bank custody. Expansion aligns with MiCA rules, boosting regulated crypto infrastructure. Crypto exchange OKX is extending its collateral mirroring programme with Standard Chartered Bank into the ...
Quick Breakdown Coinbase announces plans to list BNB on the BNB Smart Chain. CZ welcomes the decision, calling it a logical move for the exchange. BNB briefly rose 0.5% before stabilizing at around $1,180. Coinbase has announced that it will list BNB, the native token of BNB Chain, marking ...
Quick Breakdown BitMine Immersion Technologies purchased 104,336 ETH worth $417 million, expanding its Ethereum holdings. The firm now holds 3.03 million ETH (≈$12.2 billion) as part of its goal to control 5% of Ethereum’s total supply. Chairman Tom Lee predicts ETH could reach $10,000–$12,000 by year-end, citing “true price discovery.” ...
Quick Breakdown Re integrates Chainlink Proof of Reserve to verify off-chain collateral for decentralized reinsurance contracts. The integration enhances transparency and trust in regulated, on-chain reinsurance backed by institutional capital. Chainlink’s decentralized oracle ensures real-time verification of Re’s collateral, reducing risk and improving investor confidence. Decentralized reinsurance protocol Re ...
In December 2024, a fake video with Elon Musk appeared, stating that he was giving away $20 million in cryptocurrency. The video seemed like Musk was promoting the giveaway and urging the viewers to send money to participate. This fake news was then shared on various social media accounts, and ...
In crypto today, going green is a big talking point. One way developers are tackling this is with Layer 2 solutions; networks built on top of blockchains like Ethereum. These solutions aim to make transactions faster and cheaper. Some L2s are labeled as "green" because they claim to use less ...
Quick Breakdown U.S. prosecutors charge Prince Group’s founder over a massive crypto investment fraud scheme. The operation allegedly laundered billions through forced-labour scam compounds in Cambodia. DOJ calls it one of the largest crypto-related fraud and forfeiture cases in U.S. history. The U.S. Department of Justice has unsealed a ...
Quick Breakdown Tether and Circle record a combined $74 billion inflow, signaling renewed strength in crypto liquidity. Stablecoin growth defies market volatility, reinforcing investor confidence in digital assets. Rising demand for stablecoins reflects accelerating de-dollarization and shifting global liquidity trends. Stablecoin growth is reigniting optimism across the crypto market, ...
Quick Breakdown OKX freezes deposits and withdrawals linked to Huione Group following U.S. money laundering designation. Exchange vows to maintain compliance and protect users amid growing scrutiny of crypto platforms. Huione accused of facilitating billions in illicit crypto tied to scams, trafficking, and cybercrime. OKX has swiftly moved to ...
