Heavy liquidations of short traders have triggered a short squeeze in the wider crypto market today.Rising OI amid heightened speculative trading will lead to further formed liquidations.The crypto market recorded more than $601 million in forced liquidations in the past 24 hours. According to the latest market data as of this writing, more than 138k crypto traders were rekt today, mostly involving short traders. Furthermore, more than $500 million involved short traders, with the largest single liquidation happening on the Binance exchange involving $4.3 million of ETH/USDT pair.The crypto liquidations may likely reach and surpass $1 billion later on Wednesday as…
Author: cryphedge
Renewed interest in XRP has hinted at a potential market reversal from a multi-week correction.XRP price must consistently close above $2.23 in the coming days to validate a fresh bullish wave. Ripple Labs’s XRP gained more than 6 percent in the past 24 hours to trade at about $2.21 on Tuesday during the evening North American trading session. As Bitcoin (BTC) price rallied above a crucial resistance/support level of around $92k for the first time since the onset of the U.S.-led tariff trade wars, confidence in the wide altcoin market grew in tandem. Moreover, the rising crypto Open Interest (OI) has helped…
The departure of former Securities and Exchange Commission (SEC) Chair Gary Gensler has not ended the agency’s regulation-by-enforcement approach toward the crypto industry.According to Justin Slaughter, Paradigm’s vice president of regulatory affairs and a former adviser to the SEC and Commodity Futures Trading Commission (CFTC), the ongoing state-level lawsuits against crypto exchanges, particularly Coinbase, illustrate that enforcement efforts have shifted rather than ceased.Slaughter emphasized that regulatory pressure has shifted to the state level with the new federal leadership taking office. He noted that this dynamic is common during US political transitions, where outgoing federal officials and aligned external groups encourage state…
The European Central Bank has raised alarm over President Donald Trump’s pro-crypto agenda, warning that a wave of dollar-backed stablecoins could threaten financial stability across the eurozone and overwhelm the EU’s new crypto regulatory framework.In a confidential policy paper obtained by Politico, the ECB urged the European Commission to revisit the Markets in Crypto Assets Regulation (MiCA), expressing concerns that the current rules may be too lenient to counteract the effects of aggressive US crypto reforms.The reforms include two proposed laws, the STABLE and GENIUS acts, which analysts at Standard Chartered forecast could push dollar-backed stablecoin supply to $2 trillion…
Shiba Inu accumulation is growing as analysts tease an imminent price breakout. In the most bullish case scenario, SHIB could hit a high of $0.00021. Shiba Inu (SHIB), the second-biggest memecoin by market cap, is gaining attention due to its price formation. Market analysts have pointed out a potential breakout that could see SHIB rally 17 times from current levels. Analyst’s Bold SHIB Prediction The memecoin market is experiencing renewed momentum, following in the footsteps of top cryptocurrencies like Bitcoin (BTC). Recent data from CoinGecko reveals that the total memecoin market cap rose 4.9% to $51 billion over the past…
Aikido Security disclosed a vulnerability in the XRP Ledger’s (XRPL) official JavaScript SDK, revealing that multiple compromised versions of the XRPL Node Package Manager (NPM) package were published to the registry starting April 21. The affected versions, v4.2.1 through v4.2.4 and v2.14.2, contained a backdoor capable of exfiltrating private keys, posing a severe risk to crypto wallets that relied on the software.An NPM package is a reusable module for JavaScript and Node.js projects designed to simplify installation, updates, and removal.According to Aikido Security, its automated threat monitoring platform flagged the anomaly at 8:53 PM UTC on April 21 when NPM user…
The end of April predictions for Shiba Inu are actually looking pretty promising. There is some really interesting growth potential for the popular meme coin. At the time of writing, SHIB is trading around $0.00001274, and it’s showing some pretty encouraging signs of movement toward that $0.000027 target, based on recent market analyses and also historical patterns that we’ve been tracking.Also Read: Alphabet (GOOGL) Or META: Which Stock Is a Better Buy in 2025?April Shiba Inu Forecast: Price Drivers, Targets, And Risks AheadSource: Watcher GuruHistorical Context Points To Possible Repeat PerformanceThe April 2021 SHIB rally gives us valuable insights into…
Key Takeaways: The ETFs will blend exposure to cryptos and U.S.-centric sectors and will be distributed through Crypto.com’s regulated broker-dealer unit. A separate lineup of managed investment accounts is also in development as part of the initiative. Trump Media intends to invest company funds into these offerings, indicating a broader push into the financial services sector. In a press release announced on April 22, Trump Media and Technology Group has finalized an agreement with Crypto.com and Yorkville America Digital to develop a suite of exchange-traded funds.The funds, to be launched under the Truth.Fi brand, will combine exposure to digital assets…
Mantra CEO to burn 150M OM tokens to rebuild trust after the 90% Mantra price crash. 81% of the community has backed the burn proposal. While some are optimistic about the impact of the token burn, the OM price continues to struggle at $0.50. After the dramatic 90% Mantra price crash on April 13, 2025, as a result of reckless liquidations, Mantra’s founder and CEO, John Patrick Mullin, has announced a bold plan to burn his personal allocation of 150 million OM tokens. This move aims to rebuild trust in the Layer 1 blockchain focused on real-world asset tokenization. While…
The word “hackathon” often brings to mind a room full of coders, coffee cups, and tight deadlines for prize money. But BlockDAG (BDAG) is changing that idea completely by reshaping its hackathon into a platform that launches real Web3 projects. It’s not just a coding contest—it’s a space where teams get direction, resources, and real backing to build tomorrow’s decentralized tools. With $216 million already collected through presale and a rapidly growing user base, BlockDAG is actively shaping its future rather than waiting for it. The hackathon is only the first step in this wider plan. Real Support from Skilled…
