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Over $520M in Longs Liquidated as Bitcoin Price Drops Below $68,000


Bitcoin is trading below $68,000, nearly 7.5% down in the last 24 hours. The price correction triggered massive liquidations as the entire network saw over $657 million positions liquidated in the last 24 hrs.   The post Over $520M in Longs Liquidated as Bitcoin Price Drops Below $68,000...

Over $268 Million Shorts Liquidated as Bitcoin Price Briefly Tops $57,000


Bitcoin price rallied over 10% to soar above $57,000 for the first time since November 2021, resulting in total shorts positions to bleed over $268 million in the last 24hrs, including $158 million in bitcoin shorts. The post Over $268 Million Shorts Liquidated as Bitcoin Price Briefly Tops $57,000...

Trump-Related Tokens Surge 100% Amid Widespread Appeal Amongst Americans


Several Donald Trump-related tokens have experienced a 100% surge in price in the past 24 hours across various blockchains, following a February 6 announcement by Mechanism Capital. Mechanism Capital, an investment firm in the cryptocurrency industry focusing on decentralized finance, declared...

Three Arrows Co-Founders’ OPNX Exchange to Cease Operations


Crypto exchange OPNX launched by Three Arrows Capital co-founders has announced it will “officially cease operations and shut down in February 2024.” The exchange said in an email it will cease all operations on 14 February. OPNX is asking customers to settle positions before 7 February, 8 AM...

USDC to Go Native on Celo Blockchain, Eyeing Role as Gas Currency


The Celo Foundation has partnered with Circle to bring USDC, a leading stablecoin, into its network. This integration not only diversifies Celo’s stablecoin offerings but also positions USDC to become an official gas currency on the blockchain. Celo Embraces USDC for Enhanced Digital Currency...

Kraken Taps Former N26 and Coinbase Execs for Key Positions


Crypto exchange Kraken has announced the hiring of a former N26 Chief Product Officer and a former Coinbase Managing Director. In an statement published on January 25th, Kraken announced it had hired Gilles BianRosa and Marcus Hughes to strengthen its leadership team. The company said the hires...

Vanguard Holds Significant Stake in MicroStrategy, Indirect Bitcoin Exposure


Source: AdobeStock / photo_gonzo Vanguard, one of the world’s leading asset management firms, has secured a substantial stake in MicroStrategy (MSTR), providing investors with indirect exposure to Bitcoin (BTC). While Vanguard has opted against launching Bitcoin exchange-traded funds (ETFs)...

Bitcoin Open Interest Tops $20 Billion Amid Spot ETF Approval Anticipation


Source: Adobe Stock The open interest in Bitcoin futures contracts across the entire network has surged to 435,700 BTC, approximately valued at $20.443 billion. The opened positions of Bitcoin’s futures contracts witnessed an 11% increase in the past 24 hours, reflecting heightened investor...

BNB Surges 11% to Overtake Solana as Community Welcomes Sleepless AI


BNB surges 11.16% to move past Solana (SOL) in market capitalization, sparking several sentiments from traders and igniting a new altcoin push.  The last days of the year have seen multiple assets making uphill movements as bulls set sights on good positions before the new year with more...

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