News – Archive

Flash Crash Triggered by Whale: A major Bitcoin holder sold 24,000 BTC, causing a 2%+ drop in minutes to below $112,000. Massive Liquidations: The event led to $550 million in total crypto liquidations, including $238 million in Bitcoin positions. Ethereum’s Record Rally: ETH hit a new all-time high of $4,935, up 220% from its April low, as whales rotate funds from BTC. Market Rotation: Bitcoin dominance fell to 57.94%, signaling…

– Strategy updated its equity issuance guidance to allow more flexibility in issuing shares, including for debt interest and preferred dividends. – The change sparked backlash from investors, leading to a dip in MSTR shares. – Swan Bitcoin highlighted the company’s strong balance sheet, noting it could cover obligations for decades even if Bitcoin prices halve. Financial services platform Swan Bitcoin has addressed recent market jitt…

China’s State Council is set to review a roadmap later this month that could approve yuan-backed stablecoins to expand the currency’s global reach. The move marks a potential reversal from China’s 2021 crypto ban, driven by efforts to counter U.S. dollar-backed stablecoins dominating 99% of the market. Hong Kong and Shanghai are identified as key hubs for rollout, aligning with recent regulatory frameworks in Hong Kong. The initia…

Bitcoin price decline: BTC slipped below $113,000 on August 19, driven by retail panic selling and substantial ETF outflows totaling nearly $1 billion across Bitcoin and Ethereum funds. Ethereum ETF shifts: Ethereum-focused ETFs recorded significant outflows, reflecting broader market pullback and institutional caution. Market sentiment: Retail traders turned “ultra bearish,” but analysts see the dip as a potential buying opportunity…