A trader betting against Bitcoin lost nearly $12 million when their BTCUSDT short position was forcibly liquidated by Binance in a single order. This liquidation was part of a broader $268 million wipeout across crypto futures markets over 24 hours, mostly impacting short sellers as Bitcoin's price surged. Over 96,000 traders faced forced closures due to margin calls, highlighting the risks of high leverage up to 125x on Binance. The mass liquidations likely fueled further upward momentum in Bitcoin's price, showing how sharply rising prices can trigger cascading losses for bearish traders.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
