Key points: A sharp reduction in aggregate open interest highlights the severity of the $20 billion in leveraged liquidations and highlights traders’ reluctance to re-enter the market. Bitcoin selling and price weakness are likely to extend until CME BTC and equities futures markets open on Sunday evening, US hours. The crypto market continues to reel…
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The US Senate has advanced sweeping AI legislation under the National Defense Authorization Act, compelling chipmakers to serve US customers first before exporting advanced processors abroad. On Thursday, senators passed the Guaranteeing Access and Innovation for National Artificial Intelligence Act of 2026, or GAIN Act, as an amendment to National Defense Authorization Act, requiring AI and high-performance…
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I’m not your mother, your priest, or Gary Gensler. I’m not going to tell you that you shouldn’t use 50x leverage gambling on lower-liquidity altcoins on a centralized crypto exchange, because you are a human adult in the year 2025, and you can gamble whatever the hell you care to gamble. But I do have…
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As crypto adoption increases globally, governments are grappling with the potential impacts on their financial systems and economic stability. This week, several major policy changes have impacted the crypto industry — some that hinder innovation and others that bolster it. In the US, a government shutdown has halted any consideration of crypto-focused exchange-traded funds (ETFs).…
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Crypto.com CEO Kris Marszalek has called for a regulatory investigation into exchanges that suffered the largest losses following a record $20 billion in crypto liquidations over the past 24 hours. In a Saturday post on X, Marszalek urged regulators to “conduct a thorough review of fairness of practices,” asking whether trading platforms had slowed down,…
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Key takeaways: Bitcoin’s broader uptrend and on-chain data suggest the market remains in an expansion phase. Strong dip-buying by “sharks,” and key trendline support point to another BTC rebound. Bitcoin (BTC) attempted to recover a day after traders witnessed the biggest single-day wipeout on record, with over $5.39 billion in leveraged positions liquidated in 24…
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Mike Novogratz’s Galaxy Digital has secured a $460 million private investment from one of the world’s “largest asset managers” to accelerate the transformation of its former Bitcoin mining site in Texas into an AI data center. The deal involves the purchase of 12.77 million Class A shares at $36 per share, with the proceeds earmarked…
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Key points: Bitcoin and altcoins reel from the biggest liquidation event in crypto history. BTC price action fails to stage a rebound from multi-week lows, with $100,000 getting closer. Crypto is beginning a “cleanse” of bull-market euphoria, a trader says. Bitcoin (BTC) pressured $110,000 support on Saturday as the dust settled on a record $20…
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US spot Bitcoin exchange-traded funds (ETFs) continued their strong “Uptober” performance with $2.71 billion in weekly inflows, marking another strong week for institutional demand. According to data from SoSoValue, total assets under management for Bitcoin ETFs climbed to $158.96 billion as of Friday, representing nearly 7% of Bitcoin’s total market capitalization. “Capital keeps flowing into…
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Crypto market sentiment has dropped to its lowest level in almost six months after US President Donald Trump announced a 100% tariff on China. The Crypto Fear & Greed Index, which gauges overall market sentiment, fell to a “Fear” level of 27 in its Saturday’s update, representing a decline of 37 points from Friday’s “Greed”…
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