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 […]
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
Binance pegs crypto’s worst-ever liquidation day on macro risks, not exchange failures Read More »
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
Silver’s 35% plunge ends up beating bitcoin in a rare crypto liquidation shock Read More »
Crypto prices remained under pressure on Friday as the US government went into a partial shutdown after lawmakers missed a midnight funding deadline, adding another layer of uncertainty to a market that has already struggled to find bids. Bitcoin was trading around $83,559, up about 1% on the day but down about 6.8% over the
US Government Enters Partial Shutdown, Here’s How It Affects Bitcoin and Ether Read More »
The US government is set to partially shut down at midnight, despite the Senate voting in favor of a funding package to keep the government running – showing the importance of specificity in predictable market contracts. The House of Representatives is out of session this week and will not return until Monday. Because the House
Polymarket, Kalshi contract limits demonstrated in recent US government shutdown battle Read More »
The Trump administration is reportedly preparing to announce Kevin Warsh as the next chairman of the Federal Reserve on Friday, replacing Jerome Powell, a development that has unsettled markets and sparked a broad sell-off across asset classes. As a result, risk sentiment has worsened as investors price in potential shifts in monetary policy direction. Meanwhile,
The DXY index and VIX rise as markets await the US Open Read More »
Elon Musk’s musings on a potential merger involving SpaceX, Tesla or artificial intelligence firm xAI have put renewed attention on a less-discussed piece of his empire: one of the largest corporate bitcoin holdings in the world. SpaceX and Tesla together hold nearly 20,000 bitcoin, according to public disclosures, a stash worth about $1.7 billion at
Here’s How Elon Musk’s SpaceX-Tesla Merger Could Affect 20,000 Bitcoin (BTC) Read More »
Tether, the issuer of the world’s most popular stablecoin USDT, ended 2025 with a net profit of more than $10 billion, the company reported on Friday, boosted by steady growth in its flagship token and growing exposure to U.S. Treasuries and gold. The fourth quarter certificate, signed by accounting firm BDO Italy, showed that Tether
Something strange (and maybe creepy) is happening on the internet. Moltbook — a Reddit-like social network where AI agents post their thoughts (yes, that’s right, AIs talk to each other over social media!) — is going viral. And in a very crypto-dough fashion, memecoin traders are cashing in. Moltbot is a social network populated entirely
Crypto market sales accelerated overnight with bitcoin BTC$83,894.71 and ether ETH$2,702.72 down a further 2.7% and 3.5% respectively since midnight UTC to compound Thursday’s miserable session. The decline comes alongside heavy losses for precious metals, with silver now trading at $96 after falling 20% from Thursday’s record high of $121. Gold is trading back below
