HyENA has announced plans to close every market between Aug. 31 and Sept. 2 after processing more than $4 billion in trades for over 12,000 users. Summary HyENA will remove one market each hour from Aug. 31 through Sept. 2. Open positions will settle automatically, while margin will return to users’ spot balances. HLPe depositors
A Bitcoin wallet linked to convicted Irish drug dealer Clifton Collins has transferred 500 BTC worth about $39.56 million to Coinbase Prime after the coins were reportedly inaccessible because their private keys had been lost. Summary 500 BTC, worth approximately $39.56 million, was sent to Coinbase Prime. The transfer came from a group of wallets
Bitcoin slid Friday afternoon, cooling down after a phenomenal run following huge investment from U.S. ETF buyers. The leading cryptocurrency was trading for $77,379 on Friday afternoon in New York after dropping more than 3% over a 24-hour period. Bitcoin hit a high this week of $81,281 but slowed down after Federal Reserve Chair Kevin
North Korea-linked Lazarus Group has transferred 244.148 Bitcoin worth about $19.42 million, bringing fresh attention to wallets associated with one of the crypto industry’s most active hacking operations. Summary Lazarus Group transferred 244.148 BTC worth about $19.42 million, according to Lookonchain. The transaction’s destination and connection to any earlier theft remain undisclosed. Another Lazarus-linked wallet
Signal Reading Regime BTC Spot Above $74,500 resistance Transition To LTF Uptrend Funding Rate (aggregate) ~8–12% APR Neutral Exchange Reserves 2.21m BTC (7-yr low) Structurally bullish Whale Accumulation (30d) +270,000 BTC Highest since 2013 ETF Flows YTD +$2.3bn (flipped positive) Bullish regime shift Stablecoin Supply $320bn (+$2.54bn 7d) Liquidity expansion ICD (CME vs Deribit hedge
Bullish has provided USD.AI with a $100 million stablecoin debt facility to fund loans secured by graphics processing units used in artificial intelligence infrastructure. Summary Bullish will supply $100 million in stablecoin liquidity for GPU-backed loans. USD.AI offers non-recourse financing secured solely by computing hardware. Bullish plans to list sUSDai and support trading through a
In Goldman Sachs crypto news, the financial institution maintained buy ratings on Coinbase Global and Robinhood Markets on August 25, raising its Coinbase price target to $196 from $173 and setting a new $124 target on Robinhood, according to a report by analyst James Yaro. The call landed as Bitcoin ripped roughly 26% higher over
An ongoing attack against Solana-based crypto card platform Avici has reportedly drained more than $1 million from user collateral accounts while sending its AVICI token to an all-time low. Summary The suspected attacker held 10,005 SOL and about $11,600 in stablecoins at one checkpoint. On-chain records showed repeated calls that added an administrator before collateral
Solana’s first network-wide vote went down to the wire, with Kraken and Galaxy-linked validators switching sides before the disinflation proposal narrowly passed. Source link
Former U.S. Defense Secretary Mark Esper has urged the Senate to pass the CLARITY Act before its Sept. 15 procedural vote, arguing that delayed crypto rules could weaken U.S. financial and national security. Summary Mark Esper said regulated U.S. crypto markets would improve oversight of digital asset transactions. The Senate’s Sept. 15 cloture vote requires
