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Friday’s flash crash reduced short-term risk appetite but did not affect Bitcoin’s long-term potential, possibly delaying a new all-time high by weeks or even months. Key takeaways: Bitcoin’s resilience after Friday’s $19 billion flash crash shows long-term demand remains strong despite short-term risk aversion. Derivatives traders remain cautious, with arbitrage opportunities and negative funding rates…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, following a massive crypto crash over the weekend, Hyperliquid CEO Jeff Yan and data platform CoinGlass warned that the liquidation reporting method used by…
Binance co-founder Changpeng Zhao said that being considered for a presidential pardon from Trump would be “great news if true.” The Trump administration is reportedly “leaning toward a pardon” for Binance co-founder Changpeng “CZ” Zhao, who pleaded guilty to money laundering charges in 2024 and spent four months in prison. According to New York Post…
Ethena founder Guy Young said the USDe depegging event on Binance that sent the token to $0.65 was an isolated issue not tied to fundamentals. The USDe synthetic dollar depegged on the Binance crypto exchange due to an internal oracle issue and not because of the underlying collateral, the Ethena protocol, or the token itself,…
Several altcoins, including ATOM and IOTX, briefly hit zero on Binance during Friday’s crypto crash but stayed afloat elsewhere. Key takeaways Some altcoins, including Cosmos’s ATOM token, briefly fell near zero on Binance during Friday’s crypto market crash. The same altcoins held real market value on other centralized crypto exchanges. Read more If you liked…
An investigation has tied the Hyperliquid whale controlling over 100,000 BTC to Garrett Jin, the ex-BitForex CEO whose exchange collapsed amid fraud probes. An onchain investigation by crypto researcher Eye has linked the mysterious Hyperliquid whale, who controls over 100,000 BTC, to Garrett Jin, the former CEO of BitForex, a now-defunct exchange embroiled in a…
Changpeng Zhao’s warning highlights a resurgence of threats from state-backed hacking groups, such as the North Korean Lazarus Group. Hackers attempted to infiltrate the account of Binance co-founder Changpeng “CZ” Zhao, signaling potential attacks from state-backed hacker groups, such as the North Korean Lazarus Group. “Government-backed attackers” were attempting to steal Zhao’s Google password, according…
Bitcoin consolidated near $123,000 after an 8% leverage flush, signaling a possible new value area and setting up for a potential Q4 rally toward $150,000. Key takeaways: Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures. Spot demand and declining open interest point to renewed buyer confidence. Read more If you…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, the Bank of North Dakota announced plans to introduce its official stablecoin, the Roughrider Coin. Meanwhile, BNB Chain traders are cashing in as new…
BNB Chain traders made millions on new memecoins going parabolic, with one turning $3,500 into $7.9 million amid a surge in onchain trading activity. Cryptocurrency traders made millions of dollars on small-cap memecoins on the BNB Chain over the past week, signaling a renewed wave of speculative capital fueling the current market cycle. Among the…