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

Key takeaways: Bitcoin price is down 17% from its all-time high on Tuesday, 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…

Stream Finance Launches Probe After Reporting $93M Loss

Decentralized finance platform Stream Finance says it has paused deposits and withdrawals after an external fund manager overseeing its funds found a $93 million loss in its assets.  The Stream Finance team said in an X post on Monday that the fund manager reported the loss on Sunday and the project has since hired lawyers…

Ethereum Foundation Revamps Grants Program Under New Funding Approach

The Ethereum Foundation (EF) has overhauled its grants program, shifting from an open application model to a new funding approach under its Ecosystem Support Program. According to a blog post on Monday, grants will now be distributed through two main channels: a wishlist outlining focus areas set by the Foundation and requests for proposals (RFPs),…

Trump’s AI And Crypto Czar Says Heavy-Handed AI Laws Could Be Weaponized 

US crypto and AI czar David Sacks argues that the biggest risk AI poses is not a Terminator-style revolt, but rather a dystopian future where AI spies on the population and controls what information people see.  Speaking on a Monday episode of a16z’s podcast, The Ben & Marc Show, Sacks discussed the Trump administration’s approach…

BTC price at Risk? Institutions No Longer Absorbing Newly Mined Bitcoin

Key takeaways: BTC demand fell below daily mining supply for the first time in seven months. Spot Bitcoin ETFs have seen $1.67 billion in net outflows since Oct. 11. Bitcoin treasury firms trading below NAVs signal eroding confidence, potentially pressuring BTC prices further. Institutional demand for Bitcoin (BTC) has dropped below the daily amount mined,…

Traders Lose Over $1B in 24 Hours as Longs Get Crushed

Bitcoin’s sharp drop from $112,000 to below $106,000 on Monday triggered one of the largest liquidation waves in weeks, wiping out more than $1.27 billion in leveraged futures positions across crypto markets. Data from CoinGlass shows long traders accounted for nearly 90% of the total liquidations, with more than $1.14 billion in bullish bets erased…

Crypto Funds See $360M Outflows as Solana ETFs Surge

Cryptocurrency investment products saw $360 million in outflows last week as investors reacted to Federal Reserve Chair Jerome Powell’s cautious remarks on future rate cuts. Despite Wednesday’s rate cut, Powell’s remark that another one in December was “not a foregone conclusion,” combined with the absence of economic data due to the ongoing government shutdown, appears…

Cipher Mining Soars on $5.5 billion Amazon Partnership Amid AI Push

Bitcoin mining company Cipher Mining surged more than 34% after revealing a new 15-year deal with tech giant Amazon, adding to a wave of partnerships between major technology companies and crypto miners. The 15-year lease agreement with Amazon Web Services, valued at $5.5 billion, requires Cipher to provide turnkey space and power for AI workloads…

FTSE Russell, Chainlink Bring Index Data Onchain

Global index provider FTSE Russell has partnered with Chainlink to publish its benchmark equity and digital asset indexes onchain, highlighting how blockchain technology is being used to deliver institutional-grade market data. On Monday, Chainlink announced that data for the Russell 1000, Russell 2000 and Russell 3000 small-cap indexes, the FTSE 100 Index and several digital…

HyperUnit Opens $55 Million Long Position in Bitcoin, Ether

The crypto whale that made $200 million from the US-China tariff-led crypto crash last month is now betting $55 million that Bitcoin and Ethereum will rise again.  Crypto analytics platform Arkham was one of the first to identify the whale’s new long positions in an X post on Monday, which comprises a $37 million Bitcoin…