Key takeaways: Bitcoin dropped 4% to $112,000 in a marketwide correction, liquidating $1.6 billion in longs. Analysts say the BTC bull market may have run its course, based on several bearish onchain signals. Bitcoin bears extended the sell-side activity into the weekly open on Monday as the drop to $112,000 resulted in a large liquidation…
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South Korean authorities flagged a record number of suspicious crypto transactions this year, with total numbers reportedly already surpassing combined figures from the past two years. Citing Financial Intelligence Unit (FIU) data provided to Representative Jin Sung-joon and the Korea Customs Service (KCS) statistics, Yonhap News reported that local virtual asset service providers (VASPs) filed…
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Bitcoin (BTC) spooked the market into the final week of September with a return to $112,000. Bitcoin price action left much to be desired as traders forecast a retest of support closer to $100,000 next. The dip liquidated over $1 billion of crypto longs in the largest single liquidation event of the year. The Federal…
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Hyperliquid’s native token may be facing a “Sword of Damocles” moment in its biggest test yet, with $500 million worth of monthly unlocks set to begin Nov. 29, according to research from BitMEX co-founder Arthur Hayes’ family office fund, Maelstrom. The Hyperliquid (HYPE) token will face its “first true test” on Nov. 29, when the…
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Crypto pundits are debating whether there will be a crypto rally in October — just 10 days away — after the markets went in an opposite direction on Monday. Historically, October has been one of the most reliably positive months for Bitcoin (BTC), shooting into the green 10 out of 12 times since 2013, according…
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Jimmy Song, a Bitcoin (BTC) developer and advocate, slammed the decision by Bitcoin Core developers to remove the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, calling it “fiat” mentality. Song accused the Core developers of deflecting user concerns about removing the OP_Return limit, which is…
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The first regulated stablecoin tied to the international version of the Chinese yuan (CNH) meant for foreign exchange markets, and a South Korean won (KRW) stablecoin launched this week as the global stablecoin race heats up. Financial technology company AnchorX debuted its AxCNH yuan-pegged stablecoin on Wednesday at the Belt and Road Summit in Hong…
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Key points: Key Bitcoin price levels above and below spot price are here as BTC is about to start a new week. A quiet weekend is slated to give way to volatility as fresh macro catalysts appear. A “busy week” will see the release of the Federal Reserve’s favorite US inflation gauge. Bitcoin (BTC) kept…
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Opinion by: Kevin de Patoul, co-founder and CEO of Keyrock There’s a certain déjà vu in crypto right now. Real-world assets (RWAs), tokenized funds and onchain treasuries are all buzzwords we’ve spoken about for years. In 2022, when hype far outpaced real adoption, a report by BCG projected that the total size of tokenized assets…
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Crypto markets will enter “up only” mode once the United States Treasury hits its target goal of filling the General Account (TGA), the Treasury Department’s bank account, with $850 billion, according to Arthur Hayes, co-founder of the BitMEX crypto exchange. “With this liquidity drain complete, up only can resume,” Hayes wrote on Friday as the…
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