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Crypto Firm To Cover $60 Million In Losses After SK Hynix Flash Crash On Hyperliquid

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Decentralized perpetual exchange Trade.xyz said it would reimburse traders liquidated when its SK Hynix perpetual futures contract crashed 19% late Monday, a loss the company attributes to a single trade executed on a Korean pre-market platform rather than a failure in its systems. The price mark, the benchmark figure used to calculate profits, losses and […]

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Bitcoin releases $64,000 in Asia hours before Fed decision

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Bitcoin’s 30-day annualized implied volatility index, BVIV, the so-called fear gauge, continues to hover below 40%, well below the highs above 60% seen during the sell-offs in early June and early February. The index is influenced by the demand for options or hedging instruments. Thus, the low figure indicates limited demand for protective options and

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Coinbase wants to be ‘the exchange for everything’ in Canada, but says clearer rules are needed first

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For Richmond, the delay is not due to the slowness of regulators, but to a structural difference between the American and Canadian frameworks. “It’s not necessarily just a question of regulation; the nature of the rules is just different,” he said. Harmonized “national instrument” While there is still work to be done, Richmond is encouraged

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Inside the CME and CFTC battle over on-chain perpetual futures

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It is highly unusual that the largest derivatives exchange operator in the United States, CME Group, is at war with its regulator, the Commodity Futures Trading Commission (CFTC), but it is happening now in a situation brought on by the agency’s decision to allow blockchain-based perpetual futures products. Last month, the CME sued the ​CFTC

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Hong Kong banks score 2.3 out of 10 on quantum readiness, says HKMA

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Preparation is important because quantum computing poses a real long-term risk to the cryptography that underpins modern finance. Banks are particularly vulnerable to “harvest now, decrypt later” attacks, which the Bank for International Settlements’ Project Leap has flagged as an immediate threat to the financial system. Harvest now, decrypt later means malicious entities could store

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US Senate Delays Crypto Clarity Act for Now as It Focuses Limited Bandwidth Elsewhere

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Bottom line: Clarity is unlikely to come up for a vote until next week – the final days before the House’s summer recess scheduled to begin Aug. 8. The highly controversial Market Structure Bill is not yet ready for a vote anyway, as the parties continue to try to compromise on a controversial provision that

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Price falls 2% after US close while Korean Kospi plunges 10%

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Bitcoin BTC$63,458.03 has been under pressure since the U.S. stock market closed on Monday, with South Korea’s Kospi leading Asian stocks lower and providing risk-off signals for the cryptocurrency market. BTC fell to $63,200 from nearly $65,000, a 2.7% decline that rippled through the broader crypto market and dragged down Ether (ETH), XRP (XRP), Solana

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Uphold reduces global workforce by 17% in corporate change

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The cuts come as the crypto industry struggles with a prolonged downturn. After three consecutive quarters of decline, the total market capitalization of cryptocurrencies fell to around $2.1 trillion at the end of the second quarter, while trading volumes weakened and retail participation slowed amid higher interest rates, geopolitical uncertainty and persistent outflows from cryptocurrency

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Fanatics Buys Regulated Exchange in Aim to Expand Prediction Markets Business

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US sports company Fanatics is making a major move into prediction markets, a financial sector that has exploded in popularity over the past year as traders bet on everything from elections to inflation and sports. On Monday, the sports retailer announced it had agreed to acquire Water Street Labs and CX Clearinghouse from BGC Group,

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