Declining retail trading and regulatory pressures force closures of smaller platforms amid a two-year low in digital asset activity. BitMEX and BitMart will cease operations as crypto trading volumes slump to $1.05 trillion, the lowest in over two years. BitMEX, a pioneer
Anomalous trade in South Korea triggered a 17.9% plunge in Hyperliquid’s xyz:SKHYNIX perp, halting underlying market trading. Hyperliquid’s xyz:SKHYNIX perpetual contract fell 17.9% after an anomalous pre-market trade in South Korea’s NXT market priced SK Hynix shares at K
Lido’s Curated Module v2 aims to reduce Ethereum’s validator count by consolidating balances and improving efficiency. Lido has launched an upgrade to its staking infrastructure that could reduce Ethereum’s validator count by approximately 252,000, or one-third, according
Inside the CME and CFTC’s battle over onchain perpetual futures Weeks ago, the U.S. CFTC opened the gates for crypto perps with its first listing approval, but major derivatives player CME is fighting back against what it sees as a diversion from the law
Bitcoin recovers from Asian session lows Bitcoin has regained some ground, recovering from Asian session lows despite signs of worsening risk aversion in equity markets. The leading cryptocurrency by market value traded at around $63,500, up from the low of $63,065 in
Three users claim a fraudulent Sparrow Wallet app on Apple’s App Store led to combined Bitcoin thefts totaling $1.8 million. Three plaintiffs filed a lawsuit against Apple in a California federal court, alleging a fake Sparrow Wallet app on the App Store resulted in $1.8 m
Former Multicoin Capital managing partner Kyle Samani claims the firm opposes Solana developers' interests in a regulatory filing. Former Multicoin Capital co-founder Kyle Samani stated the firm is "working against everything" Solana builders are creating. His remarks foll
Cryptocurrencies decline alongside risk assets after South Korea’s benchmark index falls, pushing BTC below $64,000. Bitcoin fell 2.77% to $63,554 as a broad retreat in Asian equities, led by South Korea’s Kospi, weighed on risk assets. Ethereum dropped 4.16% to $1,886, wh
Investors react to concerns over escalating costs in the AI sector following a potential $250 billion funding round for OpenAI. NVIDIA shares fell 5% after reports surfaced of a possible $250 billion financing plan for OpenAI, sparking worries about the sustainability of r
MARA CEO says AI is more profitable than Bitcoin mining MARA, a leading Bitcoin mining company, is shifting its focus towards AI data centers. The company's CEO stated that the same amount of power can generate far greater returns when used for AI than for Bitcoin
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