A crypto trader known as “pension-usdt.eth” lost nearly $24 million after a 50,000 ETH short position was liquidated on Hyperliquid during a rapid Ethereum price surge. The liquidation occurred within 12 seconds through multiple orders as Ethereum’s price jumped about $43, pushing the trader’s position to close at a loss. This event wiped out roughly half of the trader’s previous short-selling profits, which had totaled around $49 million. The broader crypto market also saw a historic short squeeze, liquidating $2.74 billion in bearish positions, highlighting the risks of leveraged trading in volatile markets.
Ethereum surged past $2,200 on August 19, marking its highest level since June 2026, driven by a broad cryptocurrency rally and Bitcoin nearing $70,000. The price rose about 8% in 24 hours, supported by the US Treasury's increased long-term bond buyb...
Bitcoin's price rally toward $70,000 caused a record $2.7 billion in short position liquidations within 24 hours, the largest since 2021. Total crypto liquidations hit nearly $3 billion, with shorts accounting for 92% of losses, showing intense short...
Ether surged 18% to above $2,250, leading a broad crypto rally that also boosted Bitcoin by nearly 8% to over $69,100, Solana by 10%, and XRP by 10%. The rally was sparked by the US Treasury's expansion of bond buyback operations, which improved liqu...
Hanmi Financial Corporation has been upgraded to a Buy rating due to improved operational metrics and a stronger bottom line. The company maintains a robust deposit base, with 30.7% of deposits being non-interest-bearing, and reported a net interest ...
Bitcoin, ether, and other cryptocurrencies rallied after former US President Donald Trump expressed support for the crypto sector and urged Congress to pass a supportive bill. The US Treasury's move to increase buybacks of long-term bonds lowered yie...
