[ad_1] Bitcoin (BTC) and altcoins are breaking records as short position liquidations pass $3 billion over two days. Key points: Crypto short liquidations since Thursday are in excess of $3.1 billion, per... Read more »
[ad_1] Biggest stablecoin Tether (USDT) has shed $4 billion in market cap in just two months, but history suggests that the downturn is nearly over. Key points: Tether’s 60-day rolling market-cap contraction... Read more »
[ad_1] Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 billion authorized Class A ordinary shares after a 700-for-1 consolidation. The vote... Read more »
[ad_1] Key Takeaways A hacker exploited Harmony Protocol to fraudulently issue 4 billion unauthorized ONE tokens.The sell-off wiped 26% of ONE’s market cap while investigator ZachXBT declined to assist.Harmony asked exchanges to... Read more »
[ad_1] Strategy said it held 840,447 BTC as of Aug. 9 and has begun treating its Bitcoin reserve as a source of balance-sheet flexibility. Michael Saylor said Strategy sold $108 million in... Read more »
[ad_1] Grayscale has formalized a mandatory minimum cadence for converting staking rewards from three crypto exchange-traded products into cash and paying the net proceeds to shareholders. Trust amendments executed Aug. 6 for... Read more »
[ad_1] Bybit sued North Korea, its Reconnaissance General Bureau, and Lazarus Group in the US District Court for the District of Columbia. The exchange won a preliminary injunction blocking unnamed defendants from... Read more »
[ad_1] Hut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 quarterly filing shows that only $233.6 million was unrestricted and available... Read more »
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[ad_1] Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses.... Read more »
