Shorting Ethereum May Hedge Bitcoin Exposure

As Bitcoin continues to attract institutional treasury capital, Ethereum-focused companies are beginning to run out of dry powder, making the asset a potential shorting opportunity for investors looking to hedge their exposure to the digital asset sector. That was one of the key takeaways from a recent 10x Research report, which argued that shorting Ether…

What’s at Stake for Sam Bankman-Fried’s Long-awaited Appeal?

With 19 years remaining for Sam “SBF” Bankman-Fried in prison, the former FTX CEO’s legal team will present arguments in the appellate court as to why a panel of judges should consider overturning his conviction or sentence. On Tuesday, the US Court of Appeals for the Second Circuit will hear oral arguments from SBF’s lawyers….

Bitcoin Drops To $101K But BTC Weakness Defies Fundamentals

Key takeaways: Bitcoin’s decline mirrors Nasdaq weakness but lacks a fundamental justification. Spot BTC ETF inflows have cooled but remain net positive, showing resilient investor demand. Stablecoin liquidity and onchain accumulation suggest conditions for a rebound. Bitcoin (BTC) extended its decline to $100,800 on Tuesday, dropping 10%+ this week and mirroring the Nasdaq 100 futures’…

Why Mastercard’s $2-Billion Crypto Move Could End Traditional Banking Hours

Key takeaways Mastercard is in talks to buy Zero Hash, following earlier interest in BVNK, in a push toward 24/7 stablecoin settlement. The deals could give Mastercard a turnkey onchain payments stack, accelerating its move from pilot to production. Stablecoin-based settlement would let banks and merchants transact continuously, bypassing batch cutoffs and weekend delays. Yet…

Bitcoin Long-Term Holders Offload 400K BTC as Price Nears $100K Support

Key takeaways: Long-term Bitcoin holders have sold 400,000 BTC over the past 30 days. Short-term Bitcoin holders panic-sell $3 billion in BTC at a loss. Bitcoin’s rising wedge targets $72,000 price as traders say BTC could drop as low as $60,000. Bitcoin (BTC) declined on Tuesday, falling more than 3.5% over the last 24 hours…

BTC Mining Profitability Slumps as Hashprice Falls to Multi-Month Low

Hashprice has plunged to its lowest level since April, when bitcoin was trading around $76,000, now sitting at $43.1 per petahash/second (PH/s). Hashprice, a term coined by Luxor, refers to the expected value of one terahash per second (TH/s) of hashing power per day, representing how much a miner can earn from a specific amount…

$284M In DeFi Loans And Stablecoin Risk Traced To Stream Finance

Decentralized finance (DeFi) researchers mapped out more than $284 million in stablecoin exposure and outstanding loans linked to Stream Finance, following the protocol’s collapse.  On Tuesday, a detailed post by DeFi group Yields and More (YAM) flagged dozens of lending markets and vaults, including platforms Euler, Silo, Morpho and Gearbox, that held positions connected to…

Insiders Point To Sophisticated Hacker, Long Plotting

The onchain transactions of the exploiter behind the $116 million Balancer hack point to a sophisticated actor and extensive preparation that may have taken months to orchestrate without leaving a trace, according to new onchain analysis. The decentralized exchange (DEX) and automated market maker (AMM) Balancer was exploited for around $116 million worth of digital…

FTX Estate Drops Motion On Restricted Country Payouts

The bankruptcy estate of the now-defunct crypto exchange FTX has dropped its bid to limit payouts to creditors in certain “restricted foreign jurisdictions.” On Monday, the FTX Recovery Trust filed a notice withdrawing its request to implement special procedures for jurisdictions such as China, which had been flagged as potentially restricted under the confirmed bankruptcy…

Bitcoin Late Longs Washed Out as $100K Support Becomes Key for BTC Price

Key takeaways: Bitcoin price on Tuesday is down 17% from its all-time high, dropping under $104,000. Crypto liquidations totaled $1.3 billion in losses over the past 24 hours. Traders say Bitcoin needs to quickly reclaim $105,000 to avoid a deeper correction toward $100,000.  Bitcoin (BTC) bears extended the sell-side activity into the European Trading session…