Bybit CEO Ben Zhou addressed the recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to a high-leverage Ether trade, acknowledging that centralized exchanges (CEXs) face similar challenges in handling liquidation risks. On March 12, a crypto trader walked away with $1.8 million, forcing the Hyperliquidity Pool (HLP) to absorb a $4 million...
A large cryptocurrency trader, known as a whale, suffered a staggering $308 million loss after a leveraged Ether position was liquidated, highlighting the risks of high-leverage trading in turbulent market conditions. Blockchain data from Hypurrscan reveals that the unknown trader was liquidated on a 50x leveraged long position, amounting to over 160,234 Ether (ETH), valued...
Ether has declined over 53% since December, with analysts warning of further losses amid trade war concerns and persistent ETF outflows. The cryptocurrency continues to struggle against macroeconomic pressures, including U.S. import tariffs and a lack of builder activity on the Ethereum network, leading to prolonged selling pressure. TradingView data indicates that Ether’s downward trend...
The total value locked (TVL) in decentralized finance (DeFi) protocols has erased all gains made since the November 2024 U.S. presidential election, reflecting a broader shift in market sentiment. Following Donald Trump’s victory, DeFi TVL surged to $138 billion by Dec. 17 but has since retracted to $92.6 billion as of March 10, according to...
As U.S. President Donald Trump prepares to host the first White House Crypto Summit on March 7, more than 20 industry leaders have confirmed their participation. The roundtable, scheduled from 6:30 pm to 10:30 pm UTC, is expected to include over 25 attendees, including members of the Presidential Working Group on Digital Assets. According to...
Solana co-founder Anatoly Yakovenko has voiced opposition to the idea of a U.S. national cryptocurrency reserve, warning that government control could undermine decentralization. In a March 6 post on X, Yakovenko outlined his stance, stating his primary preference is for no reserve at all, as state control over digital assets could compromise the core principles...
The U.S. Senate has decisively rejected a set of brokerage regulations proposed by the Biden administration that sought to impose new requirements on cryptocurrency transactions. The regulations, which aimed to mandate software developers and decentralized finance (DeFi) platforms to collect user data, were struck down in a significant legislative move. While the Senate’s decision marks...
The US Securities and Exchange Commission (SEC) has abandoned its appeal in a case that sought to expand the definition of a dealer, a move widely viewed as a threat to decentralized finance (DeFi) platforms. In a filing to the Fifth Circuit Appeals Court on February 19, the SEC stated its decision to “voluntarily dismiss...
Web3 payment infrastructure provider Transak has obtained Money Transmitter Licenses (MTLs) in Illinois and Missouri, allowing it to operate independently in these states, crypto.news has confirmed. This development enables Transak to directly facilitate fiat-to-crypto transactions for residents and businesses without reliance on external provider licenses. A Money Transmitter License permits firms in the U.S. to...
A sophisticated scam group posing as FTX debt claimants has defrauded two companies of more than $5.6 million, according to a recent report by Inca Digital. The perpetrators allegedly utilized AI-generated identities and gained unauthorized access to bankruptcy records to execute the scheme. The investigation identified the likely culprits as individuals operating under the aliases...
