A crypto trader known as pension-usdt.eth lost nearly $24 million after a massive Ethereum short position was liquidated on Hyperliquid, wiping out roughly half of the wallets previous short-selling profits. The trader had maintained a 50,000 ETH short position for more than two months before a sharp crypto market rally forced the trade to close. Hyperliquid records show the liquidation unfolded in just 12 seconds through five separate orders as Ethereums price rapidly climbed. The forced unwind began with 9,989 ETH closed near $2,193, followed by 20,698 ETH around $2,209 and 15,830 ETH near...

Bitcoins surge toward $70,000 triggered nearly $2.7 billion in short liquidations within 24 hours, marking the largest forced closure of bearish crypto positions in CoinGlass records dating back to 2021. Total crypto liquidations approached $3 billion across 172,108 traders. Short positions represented roughly 92% of the losses, while long liquidations totaled about $257 million. That put the short-to-long liquidation ratio at more than 10 to 1, highlighting the intensity of the Bitcoin short squeeze. The scale even surpassed short liquidations recorded during cryptos historic Oct. 10, 2025...

Ether led a broad cryptocurrency market rally Thursday, surging 18% over 24 hours to above $2,250 during Asian trading. The sharp ETH price increase pushed its weekly gain to roughly 20%, making it the strongest performer among major cryptocurrencies. Bitcoin also climbed significantly, trading above $69,100 after gaining nearly 8% in 24 hours and 9% over the past week. BTC briefly approached $69,900 overnight, marking a rebound of more than $5,700 from Wednesdays low near $64,100. Hyperliquids HYPE recorded the biggest individual gain, jumping more than 19% to nearly $70 and extending its...

The Commodity Futures Trading Commission (CFTC) has finalized sanctions against former FTX executives Caroline Ellison and Gary Wang, giving both reduced penalties after their extensive cooperation with regulators investigating the collapsed crypto exchange. A New York federal court entered supplemental consent orders imposing five-year trading bans on both former executives. Ellison, who led Alameda Research, also received a 10-year CFTC registration ban, while FTX co-founder Wang received an eight-year registration ban. Because the restrictions date back to December 2022, Ellisons trading...

The crypto market is trading slightly higher as improving investor sentiment, strong ETF inflows, and anticipation surrounding President Donald Trumps meeting with crypto executives support Bitcoin and major altcoins. Total crypto market capitalization has climbed to around $2.2 trillion, while the Crypto Fear and Greed Index improved from 27 to 41. Although the index remains in Fear territory, the rebound suggests traders are becoming less cautious after weakness earlier this month. Bitcoin (BTC) is holding above $64,000, supported by renewed spot Bitcoin ETF demand. Weekly inflows have...

Grayscale has taken another step toward launching a spot Zcash ETF in the United States after updating its registration paperwork with the U.S. Securities and Exchange Commission (SEC). The asset manager filed Amendment No. 4 to its Form S-3 registration statement, bringing the proposed Grayscale Zcash ETF closer to a potential NYSE Arca listing. Grayscale plans to convert the existing Grayscale Zcash Trust into a spot exchange-traded fund that would provide investors with exposure to the ZEC price without directly holding the privacy-focused cryptocurrency. If approved, shares would trade on...

Bitcoin surged above $66,500 for the first time since July, supported by fresh US crypto regulatory developments, renewed spot Bitcoin ETF inflows and a significant technical breakout. Bitwise Chief Investment Officer Matt Hougan described the latest developments as creating an increasingly bullish environment for Bitcoin and the broader cryptocurrency market. One major catalyst was the US Securities and Exchange Commissions introduction of its Regulation Crypto Assets proposal. The framework aims to simplify fundraising requirements for crypto companies while providing a safe-harbor...

Binance has announced plans to delist seven spot trading pairs, including pairs involving major cryptocurrencies Litecoin (LTC) and Sui (SUI), as part of its latest market review. According to the crypto exchange, trading for the affected Binance spot trading pairs will end on August 21 at 03:00 UTC. The pairs scheduled for removal are F/USDC, HIVE/USDC, ILV/USDC, LTC/BNB, NMR/USDC, STEEM/USDC and SUI/BNB. Binance regularly reviews its listed spot trading pairs and removes selected markets based on various considerations. The exchange said these periodic assessments are intended to protect...

Telegram crypto swap bots are gaining popularity as traders look for faster ways to buy, sell and exchange digital assets. Unlike traditional crypto trading platforms, these bots allow users to execute swaps directly within Telegram, reducing the need to open exchanges, connect wallets or navigate multiple browser tabs. The technology can be particularly attractive to traders targeting newly launched tokens. Some Telegram trading bots offer features such as token sniping, which enables purchases as soon as liquidity becomes available. Bots may connect to centralized exchanges through API keys...

Large XRP holders have accumulated more than 642 million tokens since the beginning of August, with buying activity intensifying as XRP trades near the psychologically important $1 level. During the first week of August, wallets holding between 1 million and 10 million XRP purchased roughly 380 million tokens, lifting their combined holdings to 8.13 billion XRP. Whale accumulation continued later in the month, with investors adding another 72 million XRP on Aug. 1314 and approximately 190 million tokens on Aug. 1617. The surge in XRP whale activity has also been reflected in on-chain data....