π The total market capitalization of stablecoins has reached $300 billion.
πΈ #BTC Over the last 24 hours, ~$609 million worth of contracts have been liquidated, of which longs have liquidated ~$203 million and shorts ~$406 million.
π #BTC CQ: Bearish pressure still hasn't been removed, extreme minus on taker flow = -4%.
π #HYPE Hyperliquid today activates a major update to HIP-3, which is designed to enable permissionless deployment of perpetual futures markets. theblock.co
π COIN360: cryptocurrency funding rates have fallen to their lowest level since 2022 - one of the sharpest leverage resets in history.
ππ€ #BTC CQ: The recent capitulation has effectively reset leveraged positioning across the board. Historically, such large-scale deleveraging events have often preceded significant uptrends in the long term.
π #AKT Akash Network is ending support for its Cosmos-based network and beginning the search for a new network. theblock.co
π¨π³ #BNB China Renaissance Bank is in talks to raise $600 million for a vehicle to invest in BNB; Yzi Labs will also participate in this process.
π¨ββοΈ #WRX Singapore court approves WazirX restructuring plan. cointelegraph
π΅οΈββοΈπ³ #BTC The whale who shorted Bitcoin minutes before Trumps China Tariff announcement (netting $191M profit).
Has just added $46M to his current short. His short is now worth $208M with a liquidation price of $121k.
Has just added $46M to his current short. His short is now worth $208M with a liquidation price of $121k.
π€¬2
π₯³ #STBL will launch a buyback in late October and introduce USST steaking.
π #BNB BNB Chain and Four Meme together with ecosystem partners launch a $45M airdrop in BNB for memcoin traders in BNB Chain.