Do Kwon, the liquidator overseeing Terraform Labs, has initiated legal action against Jump Trading, alleging that the firm benefitted financially and contributed to the collapse of Terraform Labs. wsj

David Sachs, the White House’s chief of artificial intelligence and cryptocurrency, announced that the CLARITY Act bill is scheduled for presentation to the Senate next month for review and possible amendments prior to a full Senate vote. cointelegraph

Large whales are incurring losses on their long positions:

1. A whale with 1,011 short positions and long holdings totaling $695 million in Bitcoin, Ethereum, and Solana is experiencing an unrealized loss of approximately $75 million. The entity contributed 5,152 Bitcoin (worth $444.73 million) on Binance.
2. Another whale holding 59,733 Ethereum tokens, valued at $168.7 million, is approaching liquidation at prices of $2,807.02 and $2,729.19. Additionally, their long position of 565,557 HYPE tokens, worth $12.5 million, is nearing liquidation at $22,197. Their profits, which once neared $100 million, have now declined to $11.4 million.

Large whales are incurring losses on their long positions:

A whale with 1,011 short positions and total long investments of approximately $695 million in Bitcoin, Ethereum, and Solana is experiencing an unrealized loss of about $75 million. The whale has contributed 5,152 Bitcoin worth around $444.73 million on Binance.

Another whale holding 59,733 Ethereum valued at $168.7 million is nearing liquidation levels at prices of $2,807.02 and $2,729.19. Additionally, their long position in 565,557 HYPE tokens, valued at $12.5 million, is close to liquidation at $22,197. Their profits, which had peaked at nearly $100 million, have declined to $11.4 million.

Bitcoin sentiment has shifted markedly to bearish across social platforms including X, Reddit, and Telegram following the cryptocurrency’s decline to $84,800. Despite the drop, market prices are diverging from prevailing negative sentiment, indicating that this heightened fear-driven volatility may present buying opportunities for investors prepared to withstand short-term turbulence.

Brazilian Stock Exchange to Launch Tokenization Platform and Stablecoin.

Aptos proposes enhancements to AIP-137 to incorporate additional support for post-quantum digital signatures at the account level, aiming to address long-term security risks associated with quantum computing.

JPMorgan analysts reaffirm their stance that stablecoins are unlikely to attain a market capitalization of $1 trillion. They estimate the total market to be in the range of $500 billion to $600 billion by 2028.

Options expiring Friday are valued at approximately $3.18 billion, with Bitcoin (BTC) options amounting to $2.7 billion. The put/call ratio stands at 0.81, and the maximum pain point is identified at $88,000. Ethereum (ETH) options total $459.5 million, with a put/call ratio of 1.08 and a maximum pain point of $3,100.

Options expiring on Friday are valued at approximately $3.18 billion, with Bitcoin options accounting for $2.7 billion. The put/call ratio stands at 0.81, and the maximum pain point is set at $88,000. Ethereum options total $459.5 million, with a put/call ratio of 1.08, and a maximum pain point of $3,100.

Yesterday, spot Bitcoin ETFs experienced net outflows of approximately $161.3 million, while Ethereum ETFs saw net outflows of about $96.6 million.

Yesterday, net outflows from spot Bitcoin ETFs totaled approximately $161.3 million, while spot Ethereum ETFs saw net outflows of around $96.6 million.

Coinbase has filed a lawsuit against the states of Michigan, Illinois, and Connecticut over alleged inadequate regulation of the prediction market.

Approximately $570 million in contracts were liquidated over the past 24 hours, with longs accounting for approximately $368 million and shorts totaling about $202 million.

#CURRENT #MARKET

Dexe (DEXE) has been listed on Bithumb. Further details available at feed.bithumb.com.

DEXE Celebrates Airdrop and Inclusion in Korean Won Market

Bithumb has announced an airdrop event marking the integration of DEXE into the Korean Won trading platform. The listing of DEXE on Bithumb is now live, with trading pairs available including DEXE/USDT at 3,362. For more details, visit feed.bithumb.com.

Hyperliquid saw net outflows exceeding $430 million this week, marking the third-largest weekly outflow in its history. As competition increases, the firm's assets under management (AUM) have declined from a peak of over $6 billion in mid-September to around $4 billion.

Metaplanet's American Depositary Receipts (ADRs) to Begin Trading in U.S. OTC Market Under MPJPY Ticker

0xed41 acquired 9,638 ETH, valued at $28.76 million, on the spot market through Hyperliquid and Lighter, while opening 20x short positions for 9,940 ETH, worth approximately $29.3 million.

Russia's Central Bank has maintained the interest rate at 16%, aligning with forecasts and marking a reduction from the previous 16.50%.