Author: btcadmin

Dogecoin (DOGE) and ether (ETH) cratered 9% in the past 24 hours as bitcoin (BTC) stumbled 4.5%, dipping below $80,000 and leading a brutal sell-off that wiped out $700 million in long positions. Leveraged traders betting on a rally got torched with $420 million in BTC longs and $150 million in ETH longs being liquidated,…

Defiance’s leveraged Strategy (MSTR) exchange-traded funds (ETFs) saw a surge in activity on Monday as the bitcoin (BTC)-holding firm’s shares fell to their 200-day average. A record 24.33 million shares in the Defiance daily target 2x long MSTR ETF, trading under the ticker MSTX, changed hands as the ETF price slipped 32% to $17.90, the…

An ether (ETH) whale, who has held the token since its initial coin offering (ICO), made waves on Monday as it moved ETH worth millions to crypto exchange Kraken, according to blockchain sleuth Spot on Chain. The whale deposited 7,000 ETH, worth $13.8 million at press time, to Kraken as the token’s price plummeted along…

There is more to SEC’s recent memecoin guidance than meets the eye. On Feb. 27, the staff of the SEC’s Division of Corporate Finance issued guidance explaining that memecoins — which the SEC described as digital assets “inspired by internet memes, characters, current events, or trends for which the promoter seeks to attract an enthusiastic…

Ethereum’s ETH has been spiraling on Monday, jeopardizing a large decentralized finance (DeFi) loan on lending platform Sky (formerly Maker) of being liquidated. STORY CONTINUES BELOW Don’t miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and…

El Salvador has entered a regulatory agreement with Paraguay on the topic of cryptocurrencies. Paraguay’s Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD) signed a Memorandum of Understanding (MOU) with El Salvador’s Comisión Nacional de Activos Digitales (CNAD) last Friday. STORY CONTINUES BELOW The document is supposed to facilitate cooperation between the two…

One of the U.S. Securities and Exchange Commission’s regulation proposals that was meant to grab segments of the crypto space under the agency’s jurisdiction had sought to expand what trading venues it believes need to register in a way that included digital assets businesses, and Acting Chairman Mark Uyeda is looking to reverse that effort.…

Deribit-listed bitcoin (BTC) futures set to expire this Friday now trade marginally below the exchange’s index price, flashing a discount in a sign of weak demand for the cryptocurrency. “What we have seen is that near-tenor (7d and shorter) yields have dipped to the negative for the first time in over a year,” Andrew Melville,…

The bitcoin (BTC) perpetual futures funding rate is fluctuating between positive and negative, reflecting market uncertainty. As bitcoin declines and hovers around $80,000, traders are seeking direction, especially after bitcoin lost its 200-day moving average. The funding rate, set by exchanges for perpetual futures contracts, determines periodic payments between long and short positions. A positive…

Coinbase Derivatives is looking to launch round-the-clock futures trading of bitcoin (BTC) and ether (ETH), the CFTC-regulated futures arm of the crypto exchange announced on Monday. The exchange plans to offer both large and nano-sized contracts, it said in a press release, for both retail and institutional traders which will be available 24/7 in an…