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Bitcoin breaks key support level as Glassnode warns of further price collapse

US President Donald Trump’s surprise nomination of former Fed governor Kevin Warsh as the next chairman of the Federal Reserve boosted the dollar, ending the precious metals rally and bringing bitcoin below a key support level. Onchain data shared by Glassnode shows that bitcoin consolidated just above key structural support around $83.4K, the lower bound […]

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Tokens fall 6% as weekend liquidations hit crypto majors

Crypto markets extended their weekend slide with losses widening across major tokens and high-beta altcoins as futures liquidations piled up following weakness in bitcoin. Ether bore the brunt of the damage. The second-largest cryptocurrency saw about $385 million in liquidations over the past 24 hours, the largest of any asset, as its price fell sharply

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Ripple-linked token falls 7% as bitcoin tumbles

XRP sold off sharply as broader crypto weakness triggered a wave of long liquidations, forcing the price below a key support level before buyers tentatively stepped in near $1.74. News background XRP coincided with a broader crypto selloff, with bitcoin-led weakness squeezing high-beta tokens. The move was driven by positioning rather than token-specific news, as

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Early bitcoin investor Star Xu, founder of OKX, blames Binance for BTC’s October crash

Nearly four months after crypto’s record Oct. 10 flash crash wiped out leveraged positions across the market, the industry is still arguing over what actually broke. That argument turned into a public row on Saturday after OKX founder and CEO Star Xu claimed the crash was neither complicated nor accidental, but the result of irresponsible

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Ondo exec says NYSE’s 24/7 tokenized stock plan would be a ‘godsend’

Tokenized shares are gaining ground fast – and Ian de Bode, president at Ondo Finance ONDO$0.2993believe they are becoming one of the most practical and scalable use cases for crypto. The firm said its tokenized equity platform, called Ondo Global Markets, has raised over $500 million in total value locked and recorded over $7 billion

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US sanctions crypto exchanges linked to Iran for first time after brutal protests

The US Treasury Department has for the first time sanctioned cryptocurrency exchanges for operating in Iran’s financial sector. The Office of Foreign Assets Control (OFAC) announced sanctions against Zedcex and Zedxion, both registered in the United Kingdom, as part of a wider crackdown on Iranian authorities following their brutal suppression of an internal uprising that

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Who caused the crypto market’s biggest liquidations on October 10? Insiders blame each other

Nearly four months after crypto’s record Oct. 10 flash crash wiped out leveraged positions across the market, the industry is still arguing over what actually broke. That argument turned into a public row on Saturday after OKX founder and CEO Star Xu claimed the crash was neither complicated nor accidental, but the result of irresponsible

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Binance pegs crypto’s worst-ever liquidation day on macro risks, not exchange failures

Binance blamed the Oct. 10 flash crash on a macro shock that collided with heavy leverage and evaporating liquidity, rather than any breakdown in its trading systems, following speculative chatter on social media. In a report released on Saturday, the exchange said global markets were already under pressure following trade war headlines as crypto markets

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Silver’s 35% plunge ends up beating bitcoin in a rare crypto liquidation shock

Tokenized silver futures recorded the biggest liquidations across the crypto market over the past 24 hours, overtaking bitcoin and ether in a rare reversal of the usual risk hierarchy as a rebound in precious metals spilled into commodity-based crypto futures. According to CoinGlass data, 129,117 traders were liquidated over the last day, with total losses

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