Category: Crypto Desk

In the past 24 hours, 113,360 cryptocurrency traders have been liquidated. The mass liquidation of traders reflects the highly volatile nature of the cryptocurrency market, where sudden fluctuations in asset values can result in significant financial consequences for investors. Source

Elon Musk is transforming X into a significant competitor for Binance with the upcoming launch of “Smart Cashtags,” allowing users to tap a stock ticker, view its price, and execute trades directly within the platform. This development is part of a broader trend where social media platforms are increasingly integrating financial services to enhance user…

Ethereum’s recent settlement win marks progress toward the blockchain’s goal of unified trading, although trading remains fragmented with challenges like bridging and waiting times. Protocols such as Reya are contributing to this goal by introducing spot trading features that allow traders to rebalance instantly without moving capital off-venue, fostering more efficient capital allocation. As part…

Coinbase announced on Fox that President Trump is prioritizing the passage of the Crypto Market Structure Bill. This development aligns with Trump’s public endorsement of pro-crypto initiatives aimed at fostering innovation within the financial sector. Additionally, there has been growing support in Congress for crypto-related legislation, which seeks to establish clearer regulatory frameworks for digital…

Circle recently minted $750 million USDC on the Solana blockchain within 48 hours, highlighting the growing integration of stablecoins on this network to facilitate faster transactions amid burgeoning decentralized finance (DeFi) interest. This expansion coincides with Solana’s development, featuring 70% of its supply locked in staking, which underscores strong community participation and bolsters the network’s…

Roundhill Investments has filed with the SEC to create six Exchange Traded Funds (ETFs) that would allow investors to bet on the outcomes of the 2028 U.S. elections, such as which party will control the presidency or Congress. This move aligns with a broader trend where asset managers are introducing ETFs linked to real-world events,…

Nikita Bier, the product head of X, clarified that the platform will not engage in executing crypto trades or act as a broker. This statement comes after previous reports suggested that X might facilitate in-app trading via new “Smart Cashtags.” The move aligns with X’s strategy to enhance user interaction with financial content while steering…

Japan’s cryptocurrency market is experiencing significant growth, with a report from the Japan Virtual and Crypto Assets Exchange Association (JVCEA) revealing over 12 million accounts and more than ¥5 trillion deposited. This surge in activity includes increased holdings of Bitcoin and Ethereum, as Japanese investors seek to diversify their portfolios amid economic changes. The market’s…

In the latest development, an unidentified entity has shifted its cryptocurrency holdings from Ethereum (ETH) to Bitcoin (BTC), suggesting a strategic move by potentially swapping ETH-based assets for BTC as a precautionary measure. This aligns with recent analyses indicating a trend among corporations and institutions to prioritize Bitcoin in their treasuries due to its perceived…

Benchmark analyst Mark Palmer has reduced Coinbase’s price target by 37%, setting it at $267, yet maintained a buy rating, citing increased diversification and durability of the business. This move comes after Coinbase’s fourth-quarter results missed expectations due to a broader crypto market downturn. Despite these challenges, the company has pivoted towards subscription-based services and…