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…

ARK Buys $12M in Bullish as Exchange’s Crypto Options Volume Surges

Cathie Wood’s ARK Invest increased its position in Bullish crypto exchange on Monday, purchasing about 238,000 shares worth around $12 million across its flagship funds. According to ARK’s daily trade disclosures, the ARK Innovation ETF (ARKK) bought 164,214 shares, the ARK Next Generation Internet ETF (ARKW) added 49,056 shares, and the ARK Fintech Innovation ETF…

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…