High-leverage trader bets on a Bitcoin drop below $92,000 despite mounting losses and a recovering crypto market. As the crypto market rebounds on optimism over the potential end of the 40-day U.S. government shutdown, one well-known high-leverage trader is taking the opposite bet. James Wynn, a prominent figure on the Hyperliquid trading platform, has gone “all-in” on shorting Bitcoin (BTC) — even after a wave of liquidations wiped out most of his holdings within hours. Wynn’s Liquidation Streak and Market Setup According to on-chain data from Hyperdash and Lookonchain, Wynn’s main account was liquidated 12 times in just 12 hours,…
Author: Blockto Team
Experts warn that indirect economic measures like tax cuts could have a softer impact on cryptocurrency prices compared to direct stimulus payments. The crypto market saw a brief weekend rally after President Trump’s announcement of a “tariff dividend” for low-income Americans. Traders quickly interpreted it as a sign of possible stimulus checks — a scenario reminiscent of the 2020–2021 crypto bull run. However, recent remarks from Treasury Secretary Scott Bessent have tempered those expectations, suggesting that the so-called dividend may instead take the form of tax cuts rather than direct cash transfers. Tariff Dividend Explained Speaking on a U.S. television…
DOGE and SHIB Gain as Risk Appetite Returns Amid Political and Market Shifts Dogecoin (DOGE) jumped over 6% in the past 24 hours, climbing back above $0.18 after U.S. President Donald Trump hinted at a possible $2,000 direct stimulus plan. The announcement reignited risk-on sentiment across speculative assets, drawing parallels to the 2021-era retail-driven meme coin rally that saw Dogecoin and Shiba Inu (SHIB) skyrocket. Stimulus Hopes and Market Reaction Trump’s comments during a press briefing sparked a noticeable uptick in meme coin trading volumes, with DOGE, SHIB, and PEPE leading the gains. The broader crypto market responded positively, though…
Acting Chair Caroline Pham confirms initiative as agency leverages existing powers amid government shutdown The Commodity Futures Trading Commission (CFTC) is preparing to allow leveraged spot cryptocurrency trading on regulated U.S. exchanges, marking a major step toward integrating crypto into the traditional financial system. Acting CFTC Chair Caroline Pham confirmed that the agency is in talks with several designated contract markets (DCMs) to launch these products as early as next month, according to a CoinDesk report. CFTC’s Accelerated Push for Regulated Crypto MarketsIn a post on X (formerly Twitter), Pham responded “True” to CoinDesk’s report, confirming the discussions despite ongoing…
Canaccord Genuity says IREN’s landmark partnership with Microsoft positions the bitcoin miner as a rising power in AI infrastructure. In a move that could redefine the company’s trajectory, IREN has signed a $9.7 billion GPU cloud contract with Microsoft, signaling its transformation from a bitcoin miner into a key player in the artificial intelligence infrastructure sector. According to Canaccord Genuity, this deal marks a pivotal shift for IREN, unlocking new revenue streams and diversifying its business model beyond cryptocurrency mining. Analyst Upgrades and Market ReactionFollowing the announcement, Canaccord raised its price target on IREN shares from $42 to $70, while…
Financial watchdog aims to close security gaps following major exchange-related hacks Japan’s Financial Services Agency (FSA) is preparing new regulations that would require all crypto custody and trading management service providers to register with authorities before offering their services. The proposed system seeks to tighten oversight of third-party firms working with crypto exchanges and strengthen investor protection following a series of high-profile security breaches. Regulatory Reform to Address Security Loopholes According to a report from Nikkei, discussions held on November 7 by a working group under Japan’s Financial System Council, which advises the Prime Minister, focused on creating a formal…
Institutions trim positions amid easing macro pressures while traditional finance deepens integration with digital assets Bitcoin exchange-traded funds (ETFs) recorded their third-largest weekly outflow on record, with more than $1.2 billion withdrawn last week. Despite the exodus, analysts suggest institutions are managing risk rather than abandoning crypto, as Wall Street’s appetite for digital assets continues to grow through regulated investment vehicles. According to SoSoValue data, spot Bitcoin funds saw $1.2 billion in outflows, while Ethereum products lost $508 million. In contrast, Solana ETFs attracted $137 million in new inflows, highlighting a rotation of capital within the digital asset market. Even…
Integration of privacy and high-speed DeFi marks a new phase in cross-chain innovation The fusion of Zcash’s privacy with Solana’s fast DeFi ecosystem is gaining traction as Zenrock’s wrapped Zcash token, zenZEC, surpasses $15 million in trading volume since its launch on October 31. The milestone underscores the rising demand for privacy-preserving digital assets that offer both usability and security in decentralized finance. Privacy Meets Performance in DeFiZenrock’s zenZEC is a 1:1 wrapped version of Zcash (ZEC) deployed on the Solana blockchain, designed to merge Zcash’s privacy-focused technology with Solana’s high throughput and scalability. The project’s architecture leverages Zenrock’s decentralized…
Technical rebound hints at renewed accumulation as Chainlink recovers from weekly lows, eyeing potential move toward $18 resistance. Chainlink (LINK) extended its rebound on Sunday, rising over 4% to $16.35, as bulls defended the critical $15.00 support zone after a brief consolidation phase. The move comes amid improved sentiment across the broader crypto market, with both Bitcoin and Ethereum holding firm above $106,000 and $3,600 respectively. Trading volume in LINK increased modestly, signaling that buyers are stepping back in after a multi-week correction that pushed prices down from late October highs near $26. Analysts note that the $15–$15.50 area has…
Rising demand for dollar-backed crypto assets may reshape global liquidity and monetary policy The growing demand for U.S. dollar-backed stablecoins could have far-reaching implications for monetary policy, according to Federal Reserve Governor Stephen Miran. Speaking at the BCVC Summit in New York, Miran suggested that the expected multi-trillion-dollar expansion of the stablecoin market over the next five years could push down interest rates by influencing global demand for U.S. dollar assets. Stablecoins Putting Pressure on the Neutral RateMiran explained that stablecoins may be “putting downward pressure on the neutral rate, or r-star,” — the interest rate level that neither stimulates…