Why Are Bitcoin Shorts Exposed After the Sell-Off? Over-leveraged bitcoin short positions between $63,000 and $66,000 have created a potential $2.6 billion squeeze zone after the market’s sharp decline to $61,100 on Friday. The drop wiped out about $335 million in leveraged long positions, deepening bearish sentiment after a 21% decline in bitcoin’s price. But
Key Facts Binance Research’s new “Equity Layer: From Tokens to Tickers” report projects crypto exchanges could collectively channel US$2 trillion in incremental capital and nearly 300 million new investors into global equity markets by 2031 in the base case. Close to 93% of Binance stock trading users come from emerging markets, suggesting structural demand for
Better Home & Finance, an AI-native mortgage lender, alongside the prominent cryptocurrency platform Coinbase, successfully funded the first Fannie Mae-backed conforming mortgage in the United States using Bitcoin as collateral. The high-profile achievement bridges the gap between legacy government-backed secondary housing networks and cryptographic wealth. The landmark loan was formally issued to a married couple
Zcash fell sharply after developers disclosed a critical vulnerability in its Orchard shielded pool that could theoretically have allowed an attacker to create unlimited counterfeit ZEC without detection. The flaw was discovered by security engineer Taylor Hornby, who was engaged by Shielded Labs and credited Anthropic’s Claude with helping develop a working exploit in a
Wallets linked by on-chain analysts to Andreessen Horowitz have continued accumulating Hyperliquid’s native token, HYPE, lifting the position’s estimated unrealized profit to approximately $131 million. The latest activity shows entities associated with the venture capital firm withdrawing 224,118 HYPE from centralized exchanges over the past 24 hours, valued at about $15.2 million. According to on-chain
South Korean police have launched the country’s first known illegal gambling investigation into domestic users of Polymarket, the world’s largest prediction market platform, marking a significant escalation in regulatory scrutiny of crypto-based event betting. The Gangwon Provincial Police Agency is investigating local users on suspicion of violating gambling laws after a request from the national
Europe’s crypto industry is approaching one of its biggest regulatory deadlines yet as the transition period under the Markets in Crypto-Assets Regulation (MiCAR) reaches its July 1, 2026 endpoint. From that date, crypto firms operating across the European Economic Area without authorization risk falling outside the bloc’s legal framework, accelerating what could become the largest
Hyperliquid’s perpetual futures volume reached a record share of the global centralized exchange market in May, marking a major milestone for decentralized derivatives infrastructure. The platform’s monthly perpetuals volume climbed to 6.63% of total global centralized exchange perpetual futures volume, its highest level on record, while its volume relative to Binance reached 14.4%. The figures
FG Nexus is facing losses of more than $85 million on its Ethereum treasury strategy, underscoring the risks public companies face when using volatile digital assets as primary reserve assets. Treasury tracking data shows the Nasdaq-listed company holds about 40,093 ETH with a current value near $71.8 million, against an estimated acquisition cost of roughly
U.S. spot crypto exchange-traded funds recorded another heavy redemption day on June 3, with Bitcoin and Ether products posting a combined $449.6 million in net outflows. The latest session extended the pressure that began at the start of June, showing that institutional investors continued to reduce spot crypto exposure through regulated ETF products. Spot Bitcoin