Bitcoin Surge Blasts $170M in Bearish Shorts as BTC Price Targets $48K
Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday.
Key Metrics Show Crypto Traders Turning to Ether From Bitcoin
Futures and options market metrics suggest traditional finance players and sophisticated market participants may soon rotate money into ether from bitcoin.
Bitcoin Inscriptions Divide BTC Community Amid Network Congestion, but Are ‘Unstoppable’
As unconfirmed transactions on the Bitcoin blockchain rise, Luke Dashjr, a prominent developer pledges that Ordinal Inscriptions are a ‘bug’ that will be fixed.
Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to ‘Abnormal Volatility’
The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token.
Fresh Money Flows to Crypto as Stablecoin Market Expands After 1.5 Years Downtrend
Tether’s USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
The Funniest Anon on Crypto Twitter
Gwart has the ear of DeFi’s elite. What they don’t know is that crypto’s truth-telling, funnyman is secretly a Bitcoiner.
Why Are People Spreading Falsehoods About Bitcoin’s Water Use?
No, despite what you might have heard recently, Bitcoin transactions do not consume a swimming pool of water. Noelle Acheson dives into the fallacy, and points out that poor research is not the only culprit here.
New Binance CEO Evasive in First Marquee Interview Since Getting One of the Biggest Jobs in Crypto
In his first public interview since getting the job last month after founder Changpeng “CZ” Zhao was formed to step down amid a $4.3 billion legal settlement with the U.S. government, Teng said Binance’s compliance systems were inadequate in the past and that mistakes were made. But Teng, who has held senior positions at Binance for several years, refused to give answers about the company’s governance.
Elon Musk-Backed X.AI Files With SEC to Raise Up to $1B in Equity Offering
The filing lists the Tesla-billionaire-turned-social-media tycoon as a key backer.
Bitcoin Blasts to $44K on Coinbase, Could Run Towards $48K Resistance: LMAX Analyst
The move prompted $73 million in liquidations, during the day predominantly leveraged short positions betting on lower prices.