Month: April 2025

DeFi Whale Sees $106 Million In ETH Liquidated On Sky During Market Meltdown

A major Ether investor has suffered a staggering $106 million loss after being liquidated on the decentralized finance (DeFi) lending platform Sky, as the price of Ethereum (ETH) plunged sharply on April 6. According to data from Maker Vaults explorer DeFi Explore and blockchain tracker Lookonchain, the investor, often...
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Hong Kong SFC Greenlights Staking Services For Licensed Crypto Platforms

Hong Kong’s Securities and Futures Commission (SFC) has officially authorized licensed virtual asset trading platforms to offer staking services. This move aims to reinforce the city’s status as a leading hub for digital assets in the Asia-Pacific region. The announcement was made on Monday, 7 April 2025,  in tandem...
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Tether’s US-Exclusive Stablecoin To Be A Reality Soon

Tether’s US-only stablecoin may become a reality sooner rather than later. Despite having $144 billion of tokens in circulation globally, Tether, the issuer of the world’s largest stablecoin (USDT), currently does not accept customers in the US. However, Tether’s US-exclusive stablecoin comes as a response to President Donald Trump’s vocally...
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Markets in Freefall: Is the Credit Market Forcing the Fed’s Hand?

Financial markets are in a meltdown and every leg lower is strengthening expectations in the credit market that the Fed will soon offer support. Bitcoin (BTC), the leading cryptocurrency by market value, traded 8% lower at $75,800 and the U.S. stocks were on track for their worst three-day performance,...
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Arthur Hayes Doubles Down on Bitcoin Dip-Buying as BTC Drops to $74K

The crypto market is reeling from one of its sharpest pullbacks in months, with Bitcoin (BTC) dropping to $74,000 amid escalating global trade tensions. The sell-off has traders scrambling to assess whether this is a temporary correction or the start of a deeper downturn, and at the center of...
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