A sharp Bitcoin selloff liquidated approximately $1.5 billion in long positions across the crypto market, with the asset briefly falling below $62,000. Presto Research analysts link the drawdown to a broader macro rotation, noting that Bitcoin's declines this year have repeatedly coincided with rallies in AI
Blockware has appointed Megan Brooks-Anderson as its new Chief Executive Officer, signalling a strategic shift beyond its core Bitcoin mining operations. Brooks-Anderson will lead the company's expansion into artificial intelligence and high-performance computing infrastructure, sectors that have attracted growing interest from crypto mining firms seeking to diversify revenue
Bitcoin's recent price decline is being driven by capital rotating out of crypto and into competing momentum trades such as AI stocks and IPOs, rather than anxiety over Michael Saylor's bitcoin disposals, according to Charles Schwab analyst Jim Ferraioli. The distinction matters because it shifts the
Treasury Secretary Scott Bessent has told the Senate Finance Committee that the Trump administration is actively pursuing a Strategic Bitcoin Reserve, marking a significant step toward formalising federal Bitcoin holdings. Bessent urged lawmakers to pass both the BITCOIN Act and the Clarity Act, legislation that would legally establish and potentially
Hyperliquid has captured a record share of the global perpetuals market, driven in part by HIP-3, its tokenized asset framework, which surpassed $62 billion in monthly trading volume. The milestone reflects growing institutional and retail appetite for decentralized derivatives infrastructure, with HIP-3 attracting significant speculative activity. However, the headline figures
Estate-linked wallets from the defunct Mt. Gox exchange transferred 10,422 BTC — valued at approximately $739 million — on June 2, heightening concerns about potential selling pressure during an already stressed market. The movement of long-dormant bankruptcy assets historically triggers caution among traders, who watch such transfers as early signals of
Solayer has launched Margin Trade on mainnet, a perpetuals trading platform built natively on Solana that allows users to trade crypto assets, commodities, and equities from a single unified margin account. The platform leverages the SVM-compatible Solayer chain, aiming to bring traditional financial instruments and digital assets together in a