Bitcoin Selloff Risk: Leveraged Positions May Amplify Downside
A key indicator from Glassnode suggests Bitcoin traders remain bullish despite recent price volatility. This positioning could exacerbate losses if BTC price declines further.
2 min read
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Bitcoin Outperforms Nasdaq-100 During Tech Stock Selloff
Bitcoin declined 1.3% last week while the Nasdaq-100 shed 5.5% as hedge funds aggressively reduced tech holdings. The data suggests a potential divergence in asset performance.
1 min read
Bitcoin Tops $83K, Liquidates $45M in Short Positions
Bitcoin reached a daily high of $83,335 on October 20, briefly surpassing the $83,000 level. The move triggered approximately $45 million in liquidations of short Bitcoin positions.
1 min read
BlackRock Files for Buffered Bitcoin ETF
BlackRock has filed with the SEC for a new Bitcoin ETF, the iShares Bitcoin Managed Protection ETF (PBIT), designed to offer regulated exposure to Bitcoin with capped upside and limited downside risk. The move comes after the successful launch of its spot Bitcoin ETF, IBIT.
2 min read
Circle Revenue Hits $1.4B, Profit Margin at 7%
Circle reported $1.4 billion in revenue for the first half of 2026, but net profit amounted to just 7% of that figure due to partner payouts and infrastructure costs. The firm allocates 59% of revenue to USDC partners.
2 min read
Crypto Hacks Jump 55% to $1.2B in Q3, Despite Key Theft Decline
Total value compromised in crypto hacks rose 55% to $1.2 billion during the third quarter of 2023, according to a new report. However, the value stolen via private key compromises decreased by 30% over the same period.
2 min read
XRP Exchange Inflows Top 6B Tokens as Whale Activity Cools
XRP saw over 6 billion tokens enter exchanges in the past 30 days, the highest volume since March. This influx coincides with a period of reduced activity from larger XRP holders, suggesting a potential shift in market dynamics.
2 min read
AI Selloff Deepens, South Korea's KOSPI Falls 4%
Global markets are reacting to a deepening selloff in AI-related stocks. South Korea's KOSPI index experienced a significant drop, and a recent IPO suffered a substantial debut decline.
2 min read
Electric Motors Accounted for 53% of Global Electricity Use in 2023
A new report from the International Energy Agency (IEA) shows electric motors consumed 13,462 terawatt-hours (TWh) of electricity globally in 2023, representing 53% of total electricity demand.
2 min read