News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
A whale who profited $13.6M on Hyperliquid is back with a massive 40x Bitcoin short worth $118.8M.Whale Returns With Massive BTC ShortEarly Gains: $1.1M Unrealized ProfitWhat It Means for the Market
More than 1,400 altcoins have gone inactive, signaling a cleanup in the crypto market and paving the way for stronger projects.Altcoin Cleanup: Over 1,400 Coins Are Now InactiveWhy So Many Altcoins FailedA Stronger Market May Be Ahead
Altcoin accumulation continues as markets stay calm. Summer chop offers ideal entry points before the next move.Liquidation Dips Present Prime Entry PointsAccumulation Phase Could Be Key Before Next Surge
SOL price is hovering near $148 just as its transaction count flips above price for the first time since 2020. With net outflows steady, SOPR under 1, and MACD signaling a reversal, the setup hints at a potential breakout from the falling wedge.
Capriole Funds founder Charles Edwards has declared that “Bitcoin is now made in America,” after new data revealed the U.S. now accounts for over 75% of global Bitcoin mining.
The Smarter Web Company PLC has deepened its commitment to Bitcoin with the acquisition of an additional 226.42 BTC, reinforcing its long-term strategy to position the asset at the core of its treasury model.
Ukraine has announced a sweeping new sanctions package aimed squarely at disrupting Russia’s use of cryptocurrencies to fund its ongoing war, President Volodymyr Zelenskyy confirmed on Sunday, intensifying Kyiv’s efforts to block digital channels allegedly fueling Moscow’s military.
Ethereum may soon introduce a cap on the amount of gas a single transaction can consume, under a new proposal co-authored by Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter.
- 20:22White House: Trump Does Not Support Musk’s AI Company Receiving Federal ContractsAccording to a report by Jinse Finance, White House Press Secretary Karine Jean-Pierre stated on Wednesday that she believes President Trump does not support federal agencies signing contracts with Elon Musk's artificial intelligence company. When asked whether Trump wanted to cancel the recent contracts signed with Musk's AI enterprise, Jean-Pierre said she would discuss the matter with the President. About a week ago, Musk's xAI, along with three other major tech companies, was awarded a Department of Defense contract worth up to $200 million. Since Musk resigned from his position as a special government employee at the end of May, Trump and Musk have been engaged in a heated dispute. Trump has stated that he could retaliate against Musk by canceling federal contracts with Musk's companies. (The Hill)
- 20:02Florida Judge Denies Request to Unseal Epstein Grand Jury RecordsAccording to Jinse Finance, on Wednesday, a federal judge in Florida rejected a request from the Department of Justice to unseal grand jury records related to the Epstein investigation. Attorney General Bondi had pushed for the release of grand jury materials in the Epstein case in an effort to quell the anger of Trump's MAGA base, who have been urging the government to disclose Epstein's so-called "client list." Earlier this month, Trump's Department of Justice and the FBI stated that no such client list exists, and Bondi said she would not release any additional materials. Although the request was denied in Florida, the Department of Justice has another opportunity, as they have also asked two federal judges in New York to unseal grand jury transcripts, where prosecutors have brought charges against Epstein and his accomplice Ghislaine Maxwell. Federal courts in New York generally take a less strict approach to grand jury confidentiality. (Politico)
- 19:32Analysis: The Mass Unstaking of 620,000 ETH May Be Linked to a Surge in Borrowing Rates Caused by Large Withdrawals of ETH Deposits on AaveAccording to Foresight News, X user darkpool analyzed that the mass unstaking of 620,000 ETH may be related to a surge in ETH withdrawals from the Aave platform, which caused borrowing rates to spike. The rapid withdrawal of ETH deposits from Aave led to soaring borrowing rates, forcing leveraged users to redeem stETH to deleverage, resulting in the current situation. The Aave ETH borrowing APR once soared to 10%. The Lido stETH exit waiting period has now been extended to 21 days (normally within a week), and there is still a discount of nearly 0.4% when swapping stETH for ETH on-chain.