Author: James Wilson

After the recent ETH liquidation event, which caused $4 million loss to Hyperliquid’s Hyperliquidity Provider vault, the platform said it will increase the maximum leverage allowed for Bitcoin and Ethereum trading to prevent similar incidents in the future. In the said liquidation event, a whale had built a 50X leveraged long position on Ethereum (ETH) that reached 160,234 ETH. However, when the market moved against them, effectively causing liquidation, the user was still able to withdraw 17.09 million USD Coin (USDC), exiting in profit before the liquidation was executed on the Hyperliquid platform. The HLP vault, which is designed to…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As gold and oil struggle, Bitcoin gains attention as a safe haven, with a global crisis potentially driving its value higher. Amid global economic turmoil, traditional safe assets like oil and gold are under pressure. A new player is gaining attention as a potential sanctuary for wealth. Could an impending worldwide crisis catapult Bitcoin’s value to unprecedented levels? Delve into the elements that might drive BTC’s price skyward, possibly reaching the elusive million-dollar milestone. XYZVerse’s knockout journey: The memecoin…

Bitcoin dominance hit a new cycle high despite price correction as investors shift from altcoins, driven by stronger-than-expected U.S. job growth and the Federal Reserve’s hawkish stance. According to Matrixport, Bitcoin (BTC) dominance has surged to a new cycle high, surpassing 61%. Matrixport attributed this to two factors: a stronger-than-expected U.S. jobs report as well as the Federal Reserve’s increasingly hawkish stance. When job growth exceeds expectations, it suggests the economy is performing well. This often translates to higher interest rates or a delay in rate cuts, which reduces liquidity in financial markets. Higher interest rates then make borrowing more…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BitLemons is making waves in web3 gaming with a fully operational platform, real revenue, and a fast-selling presale, all while bigger names like Ethereum and BNB struggle. Ethereum is stuck in a tug-of-war between bulls and bears, while Binance Coin is gearing up for a network upgrade that could alter its trajectory. Traders are laser-focused on these developments, but are they overlooking the real play? BitLemons (BLEM) has been quietly gaining traction, operating a fully functional web3 gaming platform…

Asset manager HANetf has introduced leveraged and inverse crypto ETCs, offering traders a new way to bet on Bitcoin and Ethereum price swings. White-label exchange-traded fund provider HANetf is offering traders in Europe new ways to speculate on crypto by launching its first leveraged cryptocurrency exchange-traded commodities and a short Bitcoin (BTC) strategy, allowing them to bet on price movements of BTC and Ethereum (ETH). Available on Nasdaq Sweden with a 2% expense ratio, traders can now access the 2x Long Bitcoin ETC, 2x Long Ethereum ETC, and 2x Short Bitcoin ETC. In a March12 interview with ETF Stream, HANetf…

Pi Network is up 20% ahead of Pi day, holding support at $1.40. Pi Network (PI) has surged by 20% in the past day, currently trading at $1.60, though it’s still down by over 45% from its all-time high of $2.98 achieved in February. However, it’s holding steady at $1.30-$1.40 local support level, bolstered by the approaching Pi Day. Pi day, which falls on March 14, marks an important event for the PI ecosystem. Specifically, users are required to move their PI mined on the testnet to the live, operational mainnet. The mainnet migration is to be completed by 8:00am…

KAS jumped nearly 28% in the past day as it tried to break out of the downtrend it’s been stuck in since last December. Kaspa (KAS) rose to an intraday high of $0.074, bringing its market cap close to $2 billion earlier today, with its daily trading volume nearly doubling to $188 million as of press time.  Notably, today’s gains come after a long downtrend, with KAS hitting lower highs and lower lows since hitting $0.188 on Dec. 9 last year. The altcoin still remains 68% below its all-time high, around levels last seen in early November 2023. The main…

21Shares’ Bitcoin Ethereum Core ETP, ABBA, will be listed on Deutsche Börse’s Xetra platform as the firm reduces the product’s management fee by 0.49%. In a recent press release, the world’s largest cryptocurrency exchange-traded product issuer said it would be cutting down the management fee for its Bitcoin (BTC) Ethereum (ETH) Core ETP ABBA, ahead of its listing on the Xetra exchange. The firm’s Bitcoin Ethereum Core ETP, ABBA, is fully backed by BTC and ETH, two of the largest cryptocurrencies by market cap. The product is also securely held in institutional-grade custody. Starting from March 12, ABBA’s management fee…

Tether CEO Paolo Ardoino has defended the company’s role in the U.S. financial system, stating that its $115 billion in treasury holdings make U.S. debt more resilient. Speaking at a rBitcoin Policy Institute event on Mar. 11, Ardoino argued that Tether’s (USDT) investment helps diversify and strengthen U.S. debt. “We’ve done more for financial inclusion than anyone else,” he stated. “And while doing that, we’re buying back U.S. debt. If we were a country, we’d be the 18th largest holder of U.S. Treasuries.” Tether maintains dominance in the stablecoin market, commanding 63% of the market share and a $143 billion…

South Korea’s financial watchdog has committed to issuing clear rules for institutional crypto investment, with a phased rollout starting in April. South Korea‘s Financial Services Commission is moving forward with plans to allow institutional investors into the crypto market, with vice chairman Kim So-young saying the government is developing a “two-phase crypto regulation framework” that extends beyond existing user protection laws. During a March 12 meeting with local crypto industry experts, Kim also revealed that the plan includes stablecoin rules and a legal structure for token securities, adding that the authorities are “speeding up efforts to align with global regulatory…