Feed Items
In the past 24 hours, crypto markets witnessed a massive liquidation wave totaling $979.72 million, with long positions overwhelmingly impacted.
The day closed out as the largest liquidation event since February, when nearly $3 billion in both longs and shorts were liquidated within 48 hours.
Here’s how it breaks down:
Longs Liquidated: $873.05M (≈89.12%)
Shorts Liquidated: $106.67M (≈10.88%)...
Bitcoin briefly dipped to $100,000 before swiftly rebounding to $103,000 in early trading hours Friday, as markets reacted to an explosive social media fallout between U.S. President Donald Trump and Tesla CEO Elon Musk.
The confrontation, unfolding in real time across Truth Social and X, was marked by Trump’s threat to revoke federal contracts and subsidies to Musk’s companies, and Musk’s own...
Institutional investors cut Bitcoin (BTC) allocations in US-based spot exchange-traded funds (ETFs) during the first quarter after hedging profits waned and futures premiums compressed, a June 5 CoinShares report showed.
The report assessed 13-F filings from asset managers with at least $100 million in assets under management. These investors reported $21.2 billion in Bitcoin ETF exposure as of...
Bitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95,600 support level to remain bullish if it breaks below six-figures, according to a June 5 report by Glassnode.
The report highlighted that after breaking below $103,700, the next major level of support is the psychological price level of $100,000 and failing that $95,600.
For now, Bitcoin is holding...
World Liberty Financial (WLFI), the crypto venture associated with President Donald Trump and members of his family, has issued a cease-and-desist letter to the creators of a newly announced Trump-branded crypto wallet, Bloomberg News reported on June 5, citing a person familiar with the matter.
The letter, reportedly sent to Fight Fight Fight LLC, the company behind the Official TRUMP memecoin...
Uber is exploring dollar-pegged stablecoins as a tool for transferring funds across its global network, CEO Dara Khosrowshahi said on June 5 at the Bloomberg Tech conference in San Francisco.
Khosrowshahi explained that blockchain-based tokens could settle payments faster than traditional correspondent bank channels and eliminate layers of foreign exchange fees.
He said that stablecoins “have a...
Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets.
The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions.
The world’s largest cryptocurrency touched a low of $101,500 before stabilizing slightly above $102,000. Bitcoin is now down more...
Circle’s (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts.
The price peak is 234% above the initial public offering (IPO) price of $31, which captured over $1 billion by selling 34 million shares. Circle sold 14.8 million shares, while CEO Jeremy Allaire...
Anthropic CEO Dario Amodei urged US lawmakers to write transparency rules for artificial intelligence companies instead of granting a decade-long freeze on state regulation proposed in President Donald Trump’s technology bill.
In a June 5 guest essay in The New York Times, Amodei described an internal evaluation in which Anthropic’s newest model threatened to expose a user’s private emails unless...
The fallout from Coinbase’s recent data breach has reached a troubling new phase as victims report receiving fraudulent physical letters in the mail, exploiting their exposed personal information to advance a credit protection scam.
The Block founder Mike Dudas sounded the alarm in a social media post on June 5, warning that he received a fake letter at his home address.
The letter included his...