Bitcoin Plunges: Drop to $65,000 Triggers $400 Million Liquidation Avalanche

Bitcoin’s numbers were all red and trading at $65,710, losing value in the 24-hour and weekly periods by 5.6% and 4.5%, respectively, according to data from Coingecko. Thursday’s Bitcoin crash apparently took traders by surprise, triggering targeted liquidations of nearly $400 million in BTC, and more than $800 million in liquidations across the entire cryptocurrency […]

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Grayscale Bet on Ethereum Spot ETF Despite Regulatory Uncertainty

Grayscale is persisting in its efforts to launch a spot Ethereum exchange-traded fund (ETF), with a new amended filing with the SEC. The company’s amended proposal cites the precedent set by Ethereum futures ETFs and the effectiveness of monitoring mechanisms. However, the chances of approval remain slim, as two US senators urge regulators to halt […]

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Shibarium Breaks the Internet (Again) with Over 400 Million Layer 2 Transactions

Shibariumscan, which surpassed an impressive 411 million transactions, has revealed the platform’s resilience in the face of market volatility. The recent surge in user adoption and influx of dApp creators have contributed to Shibarium’s exponential growth. In the last few days alone, over 3 million transfers have been added, solidifying Shibarium’s position as a force […]

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JPMorgan: Ethereum Would Drive Coinbase Gains

In a report prepared by JPMorgan, the research team led by Kenneth Worthington highlighted that Ethereum would contribute significantly to Coinbase’s profits. Last Friday, this team deepened its analysis, pointing out that, in addition to the positive impact of the price of Bitcoin, the appreciation of ETH plays a particularly relevant role. America’s largest bank, […]

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FTX’s Sam Bankman-Fried Should Receive 50-Year Prison Sentence, Prosecutors Say

According to a memo presented Friday, March 15, to Judge Lewis Kaplan, prosecutors are proposing a sentence of between 40 and 50 years for Bankman-Fried. Prosecutors in the fraud case against the former CEO of now-defunct exchange FTX, Sam Bankman-Fried (SBF), have now suggested a prison sentence to the court. This development comes as the […]

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