Massive Short Liquidations as Crypto Reserve News Triggers Market Surge
Traders underestimated how quickly Trumps crypto-friendly policies could move markets.
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Traders underestimated how quickly Trumps crypto-friendly policies could move markets.
XRP, SOL, and ADA surged in response, with ADA jumping over 72% in the past 24 hours.
Despite only one day passing since the tokens listing, the market maker dumped tens of millions of MOVE tokens, reaping large profits with little market support.
Binance has completed an internal investigation revealing a staff member engaged in front-running using insider information from a previous role.
EOS tokens will be replaced with new Vaulta tokens at a 1:1 ratio through a swap portal available for four months after launch.
OKX said it has implemented new security measures, including a hacker address detection system and real-time transaction tracking to block suspicious activity.
These memecoins have failed to attract significant investor attention or trading activity.
Nearly 256,000 traders were liquidated, with a $5.07 million Bitcoin position on BitMEX marking the largest single liquidation.
Markets will dissect the U.S. Treasury/Commerce Departments plans for potential crypto exposure.
A market-wide crypto sell-off triggered $1.06 billion (61.8 billion) over 24 hours as Bitcoin slid below $97,400 and memecoins cratered amid fears of escalating U.S. trade wars. Quick Take delivers key facts fastconcise, clear, and easy to read. Perfect for busy readers. Key Takeaways: By the Numbers: How did it come to this: The sell-off accelerated...
Updated: Liquidations in the pas 24 hours have exceeded $2 Billion. A market-wide crypto sell-off triggered $1.06 billion (61.8 billion) over 24 hours as Bitcoin slid below $97,400 and memecoins cratered amid fears of escalating U.S. trade wars. Quick Take delivers key facts fastconcise, clear, and easy to read. Perfect for busy readers. Key Takeaways: By...
Bankman-Fried is currently serving a 25-year sentence for fraud and conspiracy at the Brooklyn Metropolitan Detention Center.
The losses are compounded by struggles in U.S. equities and growing economic concerns.
Despite CZ repeatedly clarifying that he is not launching a token, traders rushed to create Broccoli-themed coins across multiple networks.
After an initial 71% surge, BERA plunged 63%. This raised concerns that its low floatjust 15% of total supplycreated artificial scarcity before a sell-off.
Trumps pardon comes amid his increasing engagement with the crypto community.
The launch of Melania Trumps memecoin, $MELANIA, has disrupted the momentum of Donald Trumps $TRUMP token, causing it to lose nearly half its value as investors grapple with competing tokens from the incoming first couple. A Quick Take delivers key facts fastconcise, clear, and easy to read. Perfect for busy readers. $MELANIA launched on Solana and promoted...
Reports suggest Trump is "receptive" to including altcoins like SOL, XRP, and USDC in a strategic reserve, alongside bitcoin.
XRP is now less than 9% away from its all-time high of $3.40, set in January 2018.
Notably, Ripple CEO Brad Garlinghouse had a highly publicized meeting with incoming U.S. President Donald Trump, calling the occasion a great start for 2025.
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