Hyperliquid sees largest $11M liquidation during $526M market downturn
Key Takeaways $526 million was liquidated from crypto markets in 24 hours, impacting more than 154,000 traders. The largest single liquidation order was $11 million on Hyperliquid’s HYPE-USD pair. Share this article Crypto markets saw around $526 million in liquidations in the past 24 hours, affecting over 154,000 traders.Long positions accounted for $372 million of…
Federal Reserve quietly reverses anti-crypto stance with new policy
The Federal Reserve has withdrawn its restrictive 2023 policy on “novel activities” and replaced it with a new framework. The new policy creates a clear pathway for banks to engage in digital-asset and blockchain innovation, marking one of the most significant regulatory pivots in years. The move, announced on 17 December, reverses the Fed’s prior…
Coinbase Ventures-Backed Stablecoin Bank Triggers Terra UST-Style Fears
Kontigo is gaining traction by promoting a stablecoin-first banking model as a global alternative to traditional financial services.At the same time, its rapid rise has prompted skepticism within the crypto community. The model has raised questions over whether it can scale sustainably without repeating the missteps that have defined past industry failures.Sponsored SponsoredKontigo’s Rapid Rise…
California’s Newsom pokes Trump, flagging convicted crypto allies CZ, Ross Ulbricht
California Governor Gavin Newsom is continuing his colorful public campaign attacking President Donald Trump’s reputation and behavior, this time launching a page on the state’s website purportedly “tracking Trump’s top 10 criminal cronies” — a list on which the crypto world features prominently.The state’s own website includes the new page, with comments from Newsom:”Trump is…
Bipartisan Crypto Bill Talks Progress Even as Markup Is Delayed Until Next Year
Discussions about the U.S. crypto bill continued among congress members even though there will be no markup hearings this week. The senate banking members and industry representatives met in secret and revealed that their discussion was effective. The Current State Of The U.S. Crypto Bill Based on the report by Fox journalist, Eleanor Terrett, those…
