Dogecoin Suffers Massive Liquidations and Drops 7%
TL;DR Dogecoin lost $21.71 million in long liquidations after falling 7% in 24 hours, hovering near the $0.20 mark. Total liquidations in DOGE reached $22.33 million, while short…
blockchain
TON Foundation Appoints Former Visa Executive Nikola Plecas as VP of Payments
TL;DR TON Names a Crypto Leader: The TON Foundation appoints former Visa executive Nikola Plecas as VP of Payments to lead the development of…
NFT Market Rebound After Five Months of Declines
TL;DR NFT sales climbed to $430 million in May, breaking a five-month streak of consecutive market declines. The number of buyers jumped 50%, surpassing…
Bitcoin: Long-Term Holders Capitalize on Price Drop to Deepen Their Positions
TL;DR Bitcoin dropped below $109,000, triggering over $185 million in leveraged long liquidations. Long-term holders took advantage of the forced selling to accumulate, pushing…
Trump Media Allocates $2.5 Billion to Bitcoin and Closes Its Acquisition Fund
TL;DR Trump Media will allocate $2.5 billion to a Bitcoin treasury, combining common stock and zero-interest convertible notes with a 35% premium. The company…
Bankman-Fried Could Reduce His Sentence and Be Released Earlier Than Expected
TL;DR Sam Bankman-Fried will be released from prison in December 2044, more than four years before completing his 25-year sentence. The reduction is due…
James Wynn Loses $15.8 Million in Hours After Risking His Entire Wallet on a Bitcoin Short
TL;DR James Wynn lost $15.86 million in less than a day after closing a $1 billion short position on Bitcoin using 40x leverage. The…
Solana Responds to Hyperliquid’s Competition and Gears Up to Raise Its Technical Standards
TL;DR Anatoly Yakovenko welcomed Hyperliquid’s competition, hoping it pushes Solana to focus even more on product and real network usage. Solana avoids chasing speculative…
Ripple Adds New Stablecoins to the XRP Ledger and Expands in Europe and Brazil
TL;DR EURØP and USDB join XRPL as regulated stablecoins for institutional payments, DeFi, and asset tokenization in Europe and Brazil. Braza Group expects USDB…
Bitcoin Breaks Its ATH and Surpasses Amazon in Market Value
TL;DR Bitcoin hit a new record of $111,889 and surpassed Amazon in market value, coinciding with Bitcoin Pizza Day. BTC options open interest climbed…
Michigan Drives New Laws to Regulate Cryptocurrency Use and Promote Investments
TL;DR Michigan will allow state pension funds to invest in cryptocurrencies through regulated ETFs that meet specific requirements. Mining operations can use energy from…