Key points: Two-day crypto short liquidations hit $3.1 billion Data from CoinGlass shows ongoing crypto short liquidations at $3.1 billion for Aug. 19-20. Thursday’s tally was largest single-day wipeout of shorts ever recorded Crypto liquidations history (screenshot
U.S. banking regulator sets November deadline to complete stablecoin framework ahead of 2027 implementation date. The Office of the Comptroller of the Currency will finalize stablecoin rules by November, meeting a statutory deadline for the GENIUS Act. The 376-page proposa
The total cryptocurrency market capitalization climbed nearly 8% in 24 hours, driven by U.S. Treasury debt news. The cryptocurrency market capitalization rose nearly 8% over the past day to $2.37 trillion, marking its highest level since early June. The rally followed repo
BTC jumps 3.4% to $71.7K, marking a 13% weekly gain amid liquidations and renewed investor interest. Bitcoin climbed above $71,000 on Thursday, reaching $71.7K as a surge in short liquidations fueled its advance. The cryptocurrency rose 3.4% in early trading, extending a 1
GnosisDAO votes to transition Gnosis Chain into an Ethereum Economic Zone rollup, retiring its validator set and settling on Ethereum. GnosisDAO approved a proposal to convert Gnosis Chain into an Ethereum Economic Zone (EEZ) rollup, retiring its independent validator set.
U.S. spot Bitcoin ETFs attracted $517 million in net inflows on August 19, led by BlackRock’s $285 million contribution. U.S. spot Bitcoin exchange-traded funds recorded $517 million in net inflows on August 19, with BlackRock’s IBIT fund contributing $285 million. Spot Et
South Korea’s financial regulator granted BitGo Korea VASP registration ahead of stricter entry rules effective this week. BitGo Korea secured virtual asset service provider registration from South Korea’s Korea Financial Intelligence Unit, enabling institutional crypto cu
U.S. spot BTC ETFs saw their largest daily inflow since May, driving Bitcoin to a two-month high above $69,000. Bitcoin surged past $69,000, reaching $69,636, after U.S. spot BTC ETFs recorded $517M in inflows on August 19—their highest single-day total since early May. Et
HTX denies official involvement in reported address-poisoning incidents after Kraken freezes crypto assets linked to affected users. Cryptocurrency exchange Kraken has frozen user funds totaling up to $4.2 million following reports of address-poisoning attacks linked to HT
Spot bitcoin and ether ETFs saw their strongest daily inflows since May, erasing $2.7 billion in bearish positions amid a market rally. Spot bitcoin exchange-traded funds attracted $517 million in net inflows on August 19, while ether funds pulled in $189 million, marking
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