Friday’s selloff triggered what Bitwise portfolio manager Jonathan Man called the worst liquidation event in crypto history, with more than $20 billion wiped out as liquidity disappeared and forced deleveraging took hold, in an article on X published on Saturday. Perpetual futures contracts – “perps” for commercial shorthand – are cash-settled contracts with no expiration […]
Jonathan Man explains what happened and how Read More »
Automatic deleveraging is the emergency brake in crypto perpetuals that removes some of the winning positions when bankruptcy liquidations overwhelm a site’s market depth and remaining buffers, as Ambient Finance founder Doug Colkitt explains in a new X thread. Perpetual futures contracts – “perps” for commercial shorthand – are cash-settled contracts with no expiration that
ARK Invest says Bitcoin’s fundamentals, adoption trends, and macroeconomic environment align to support continued strength through the final months of 2025, even as cycle dynamics signal the need for caution. On-Chain Signals Indicate Structural Strength In its latest “Bitcoin Quarterly” report for the three months ended September 30, Cathie Wood’s ARK Invest asserts that Bitcoin’s
Bitcoin fundamentals remain bullish in Q4 as ETFs hold 12.2% of total supply Read More »
More than 1,000 wallets on Hyperliquide were completely liquidated during the recent violent crypto selloff, which wiped out more than $1.23 billion in trading capital on the platform, according to its leaderboard data. A total of 6,300 wallets are now in the red, with 205 losing more than $1 million each, according to data first
“Largest” cryptocurrency liquidation event ever wipes out 6,300 wallets on Hyperliquide Read More »
Coinbase is preparing to launch a new American Express credit card in the United States this fall, and everything – from the design to the rewards – seems geared towards Bitcoin enthusiasts. A map built around the origin story of Bitcoin Unlike most crypto-related cards, Coinbase’s next product isn’t just about perks, but also symbolism.
Coinbase’s new Amex card is designed to appeal to Bitcoiners with up to 4% BTC cashback Read More »
Ethana’s yield-bearing stablecoin, USDe, briefly lost its 1:1 dollar peg during the recent market sell-off triggered by US President Donald Trump’s announcement of an additional 100% tariff on China. On Binance, USDe fell to 65 cents before quickly regaining parity with the dollar in what is considered the largest cryptocurrency liquidation event by US dollar
Ethena’s USDe briefly loses its foothold during a $19 billion crypto liquidation cascade Read More »
XRP recouped its losses during Friday’s chaotic trading, rebounding from a 41% collapse to close above $2.47 as institutional bids rebuilt after panic liquidations. The session’s $1.14 range – $2.77 to $1.64 – was one of the widest in XRP’s 2025 trading history, driven by macroeconomic deleveraging and strong futures selloffs across major platforms. What
Ripple reverses 40% of its losses after its worst crash Read More »
AI agents—software systems that use AI to pursue goals and accomplish tasks on behalf of users—are proliferating. Think of them as digital assistants that can make decisions and take action to achieve the goals you set for yourself without needing step-by-step instructions: From GPT-powered calendar managers to trading bots, the number of use cases is
Blockchain will drive agent-to-agent AI market boom Read More »
Aave’s native token AAVE$241.47the largest decentralized crypto lending protocol, was caught in the middle of Friday’s crypto flash crash while the protocol proved resilient in a historic liquidation cascade. The token, which was trading at around $270 earlier Friday, plunged as much as 64% later in the session to touch $100, the lowest level in
64% Flash Crash as DeFi Protocol Undergoes “Biggest Stress Test” Read More »
Negotiations among U.S. lawmakers over market structure legislation appear to be ongoing, but contentious. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency and government. Click here to subscribe to future editions. The story Policy work around digital assets appears to be in limbo as the US government shutdown enters
State of Crypto: Market Structure Negotiations? Read More »
