What Pushed Bitcoin Above $72,000? Bitcoin extended its rally on Thursday, climbing above $72,000 to its highest level since early June after a record wave of short liquidations accelerated gains already supported by stronger spot demand, ETF flows and improving macro conditions.About $2.75 billion worth of crypto short positions were liquidated on Wednesday, according to
The Commodity Futures Trading Commission’s new Innovation Advisory Committee meets for the first time Thursday, bringing Coinbase, Ripple, Gemini, Polymarket, Kalshi and some of the largest names in traditional finance into the same regulatory forum less than a day after several of them were at the White House discussing crypto policy.The inaugural meeting runs from
How Did a $24 Million Ether Loss Happen in 12 Seconds? A crypto trader with a long record of profitable bearish bets lost nearly $24 million after an ether short was liquidated in just 12 seconds during a sharp market rally.The trader, identified onchain as “pension-usdt.eth,” had held the short for 1,445 hours, or slightly
How Did Operation ASTERIX Target Crypto Investors? Cybersecurity firm Rapid7 has uncovered a cryptocurrency phishing campaign that collected roughly 885,000 phone numbers and used account-validation tools, fake support messages and counterfeit wallet applications to identify and attack crypto investors.The campaign, tracked as Operation ASTERIX, included phone-number datasets from several countries. The largest file contained 316,002
Why Is Bitcoin.com Adding USDU? Bitcoin.com is integrating USDU into its self-custodial web and mobile wallet, expanding distribution for a U.S. dollar-backed stablecoin registered with the Central Bank of the UAE.The Ethereum-based token will initially be available for users to hold, send and receive through the Bitcoin.com Wallet. Swap functionality and options to buy and
Stripe confirmed on August 19 that it would acquire OpenRouter, a startup that routes AI requests to whichever model is cheapest or best for the job, concluding the deal FinanceFeeds covered earlier this week. Beyond the headline, the real story is that Stripe was buying something more specific than an AI asset. It was buying a
Key Facts MemeCore principals will contribute US$1.0bn of $M tokens to Nasdaq-listed ZeroStack Corp. In exchange they receive 3,500,000 ZeroStack shares plus pre-funded warrants over up to 36,198,293 more. The 925,925,926 tokens are valued at US$1.08 each, their prevailing fair market trading price. Warrants carry an agreed value of US$25.19 per share — over twelve
For years, broker acquisition has been built around a handful of easy-to-track numbers: leads generated, cost per lead, cost per acquisition and, above all, first-time deposits. But those metrics can say surprisingly little about whether a newly acquired trader will remain active, trade sustainably or ultimately generate long-term value for the business. A large first
Circle Internet Group added roughly $1.75 billion in market capitalization during Wednesday’s trading session as investors piled into crypto-linked stocks following President Donald Trump’s White House meeting with industry executives and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission.Circle shares closed at $78.59 on August 19, up 9.56% for the
Tether would need to restructure roughly one-quarter of its approximately $190 billion reserve portfolio for USDT to satisfy the U.S. GENIUS Act’s reserve-asset requirements, based on the stablecoin issuer’s latest disclosed holdings and the assets permitted under the new federal framework.Tether reported approximately $187.75 billion of assets backing its tokens as of June 30, against