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Traders Embrace $800m in Liquidations as Fed Caution Sparks ‘Sell-the-News’

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Bitcoin fell to nearly $108,000 on Wednesday before zooming above $110,000 on Thursday after a volatile session that saw nearly $817 million in leveraged futures liquidations, with long traders taking the brunt of the losses. The withdrawal came just hours after the Federal Reserve delivered a widely expected 25 basis point rate cut, only for […]

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Ripple in risk of deeper pullback as Fed cuts cause Bitcoin slide

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Bitcoin saw significant volatility, falling to nearly $108,000 before rising above $110,000, with $817 million in leveraged futures liquidations. The Federal Reserve’s 25 basis point interest rate cut was followed by cautious remarks from Chairman Jerome Powell, which weighed on market optimism. Analysts suggest that while short-term volatility continues, macroeconomic conditions could support Bitcoin’s rise

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William Blair analysts are bullish on Western Union’s ( WU ) Solana-based stablecoin launch

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Western Union ( WU ) shares rose 6.5% on Tuesday after the company announced plans to introduce the US Dollar Payment Token (USDPT) on Solana, issued by Anchorage Digital Bank, along with a crypto off-ramp network called the Digital Asset Network. The move underscores that stablecoins are an opportunity, not a threat, for remittances that

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BONK price falls 3.4% with support under pressure amid Solana market weakness

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BONK-USD extended its slide on Tuesday, falling 3.4% to $0.0000143 as the Solana-based meme token succumbed to renewed downward pressure across the broader ecosystem. The drop marked a decisive break below the $0.0000146 support, a key level that had held for most of the past week, confirming a short-term bearish structure, according to CoinDesk Research’s

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Cardano (ADA) falls below key support as institutional investors pull back

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Cardano’s native token, ADA, fell sharply on Wednesday, falling over 3% to 64 cents as it broke through a critical support level and confirmed a shift in market sentiment, CoinDesk Analytics data found. The collapse began on Tuesday, with trading volume rising 67% above its 24-hour average. Nearly 183 million tokens changed hands as ADA

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BNB falls 2.7% as traders focus on technicals during the crypto market downgrade

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BNB’s price fell 2.7% in the last 24-hour period to $1,105 following the rally that started after BNB Chain’s biggest quarterly token burn to date in US dollar terms petered out. The decline undercuts hopes that the $1.6 billion reduction in supply will further support the price. BNB Chain burned 1.44 million BNB as part

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What is the real use of a Yen Stablecoin? An On-Chain Carry Trade

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Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Daybook Americas. The Korean won and the Taiwanese dollar cannot really leave

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Investors flock to MegaETH’s $450M token sale as Ethereum founder-backed project smashes goals

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Ethereum layer-2 project MegaETH has pulled in $450 million in a token sale that drew nearly nine times its fundraising goal within hours of going live. Blockchain analytics firm Arkham revealed that 819 wallets committed the maximum amount and sent $186,000 worth of USDT to MegaETH’s selling address, bringing the total number of investors to

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