24/7 Blockchain industry dynamics and breaking crypto news
The U.S. has updated travel warnings for multiple Gulf and Middle Eastern countries, citing increased threats from Iran-backed Houthi militias. The alerts cover Saudi Arabia, Qatar, the UAE, Iraq, Lebanon, and Israel, urging travelers to exercise extreme caution.
Read MoreThe crypto market saw extreme volatility, with $200 million in positions liquidated in just one hour. Over 95% were long positions, with Bitcoin and Ethereum leading the losses at $60 million and $53 million respectively, highlighting severe market leverage risks.
Read MoreBitcoin has fallen below the key $80,000 mark, currently trading at $79,990.04 with a 24-hour drop of 1.76%. Amid heightened volatility, this article provides a professional analysis of market dynamics and actionable risk management strategies for investors.
Read MoreHYPE has fallen below the $75 psychological level to $74.98, marking a 3.24% daily decline. Increased market volatility suggests heightened risk. Traders should monitor technical indicators closely and adjust risk management strategies amid potential selling pressure.
Read MoreSouth Korea is moving to revise its Foreign Exchange Transactions Act to classify stablecoins as regulated payment instruments. This forms part of a broader push to establish a comprehensive monitoring framework for virtual assets and modernize the national payment infrastructure.
Read MoreCoinShares' Bitcoin and Ethereum Futures ETF (BTF) has entered liquidation, shifting to cash settlement. The Options Clearing Corporation (OCC) notified that proceeds are approximately $22.16 per BTF share, with standard options contracts now settled in cash. Expiry dates for certain options series were accelerated to November 20, 2024. The fund ceased trading on October 20 with assets around $15.96 million, primarily invested in BTC and ETH futures.
Read MoreInjective CEO Eric Chen met with top U.S. regulators to advance the framework for regulated on-chain finance. Discussions centered on compliant DeFi and real-world asset tokenization, leveraging the platform's SEC registration and significant on-chain RWA volume.
Read MoreBitcoin Core developers have overhauled their security policy in response to AI's ability to easily uncover vulnerabilities. Previously confidential fixes will now be released immediately for issues detectable by simple AI prompts, marking a significant shift in blockchain security maintenance.
Read MoreDragonfly partner Haseeb Qureshi counters DFINITY's infringement claims, revealing the disputed patent was only approved in late July, while NEAR's algorithm update occurred in September. He notes the technology originated from an open-access academic paper cited by NEAR.
Read MoreBitcoin has broken below its 50-day moving average for the first time in months, while U.S. spot Bitcoin ETFs recorded substantial outflows exceeding $773 million over two consecutive trading days, signaling potential short-term market pressure.
Read MoreLD Capital founder Jack Yi states Bitcoin's pullback to $86K aligns with their forecast. He cautions that despite bullish market signals, the crypto industry remains in a downturn, advising investors to exercise patience and learn from market cycles.
Read MoreTAO's price has surged past $250, currently trading at $250.1, despite a 3.77% decline over the past 24 hours. This article examines the factors behind this volatile movement and highlights the importance of risk management in such turbulent market conditions.
Read MoreThe IRS is reforming its Voluntary Disclosure Program to significantly reduce penalties and resolve cases within 120 days, covering cryptocurrency tax violations. New payment options are being considered, while separate legislative proposals advance in Congress.
Read MoreThe Blockchain Association has urged congressional leaders to advance digital asset tax reforms, proposing exemptions for small transactions and clearer rules for stablecoins and mining rewards.
Read MoreInvestment firm CMCC Global plans to issue two tokenized digital asset funds in El Salvador. This initiative leverages the country's regulatory framework to offer qualified investors tokenized shares of dollar and bitcoin-denominated funds, merging traditional finance with blockchain technology.
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