Hyperliquid ditches JELLYJELLY, profits $700K as whale’s gambit backfires
The incident highlights the vulnerabilities of low-liquidity markets to manipulation, prompting exchanges to reassess risk management strategies. The post Hyperliquid ditches JELLYJELLY, profits $700K as whale’s gambit backfires appeared first on Crypto Briefing....
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GameStop Bitcoin Pivot Spurs Social Media Chatter as Stock Soars 16%
Shares of GameStop (GME) traded 16% higher on Wednesday after the company announced that it would start buying bitcoin (BTC) to add to its balance sheet. The gaming retailer reported holding $4.8 billion in cash during its fourth-quarter earnings on Tuesday. Company CEO Ryan Cohen weeks ago had teased...
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Banks’ Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs
Banks across the globe held a total of 341.5 billion euros ($368.3 billion) in crypto assets under custody in the second quarter of 2024 but spot crypto assets now make up less than 3% of banks’ holdings — down significantly from a few years ago, data by standard setter...
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Bitcoin Rally Reverses Despite Supposedly Bullish GameStop News
Bitcoin’s (BTC) rise following GameStop’s Tuesday bitcoin treasury strategy announcement halted just shy of the $89,000 level and things are now headed decidedly lower during U.S. trading hours Wednesday. Just after the noon hour on the east coast, bitcoin has pulled back about 3% from overnight highs to $86,500....
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Trump-Tied World Liberty Financial Pitches Its Stablecoin in Washington With Don Jr.
WASHINGTON, D.C. — World Liberty Financial (WLFI), the financial protocol backed by President Donald Trump and his family, pitched its own stablecoin at a Washington crypto event on Wednesday, where lawmakers also attended to give the industry updates on their progress with U.S. policy efforts. Behind the three co-founders...
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99% of Crypto Tokens Are Going to Zero: Fund Manager
There’s never been a better time to allocate money to crypto hedge funds. That’s according to Chris Solarz, the chief investment officer of digital assets at Amitis Capital, a firm which runs a crypto-focused fund of funds — meaning a fund that specializes in allocating capital to various money...
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HyperLiquid Delists JELLY After Vault Squeezed in $13M Tussle
whichHyperliquidity Provider (HLP), a market making vault that is a part of derivatives exchange HyperLiquid, faced a grueling loss after a trader allegedly manipulated the price of the JELLY token. HyperLiquid’s native token (HYPE) fell by 20% after HLP’s unrealized PNL temporarily stood at negative $13.5 million. According to...
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Price analysis 3/26: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, XLM
Bitcoin (BTC) bulls have maintained the pressure and are attempting to push the price above the $90,000 resistance. A positive sign in favor of the bulls is that the US spot Bitcoin exchange-traded funds have witnessed net inflows for eight successive trading days, according to SoSoValue data. That indicates...
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Floki Zooms Up 15% In 7 Days: Will It Outperform Dogecoin, Shiba Inu?
Floki (CRYPTO: FLOKI) is gaining traction as major meme coins Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB) and Pepe (PEPE) rally. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Floki (CRYPTO: FLOKI) $0.00007192 $692.4 million +7% +15.5% Dogecoin (CRYPTO: DOGE) $0.1970 $29.3 billion +3.7% +14.1% Shiba Inu (CRYPTO: SHIB)...
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Solana Gets A $1.7 Billion Boost As BlackRock Expands Tokenized Funds
Financial management behemoth BlackRock has made another move in its approach to blockchain by starting a fund for big clients on the Solana network. Reports from Fortune say that this fund, called the USD Institutional Digital Fund (BUIDL), is now available on seven different blockchain platforms. Solana & BlackRock:...
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