More than 1,000 wallets on Hyperliquid were completely liquidated during the recent violent crypto sell-off, which erased over $1.23 billion in trader capital on the platform, according to data from its leaderboard. In total, 6,300 wallets are now in the red, with 205 losing over $1 million each according to the data, which was first
Following a comprehensive interview process, US Treasury Secretary Scott Bessent has narrowed down his shortlist of candidates for the Fed Chair position from 11 to five. The final candidate is expected to be announced in January, but it has been reported that this candidate may not take over immediately. According to senior Treasury officials, the
Hargreaves Lansdown, one of the UK’s largest retail investment platforms, has warned that bitcoin should not be treated as a core part of investment portfolios — even as it prepares to offer crypto products to clients for the first time. In a statement published on its website, the Bristol-based firm said bitcoin, despite its long-term
According to Binance data, during the recent market crash, the exchange’s shared insurance fund balance for BTC, ETH, and BNB USDT margined contracts decreased from $1.23 billion to $1.04 billion. During this period, a total of $188 million was deployed for risk management purposes during the period of extreme volatility. According to the data, the
Donald Trump announced that he would impose an additional 100% tariff on Chinese products starting Nov. 1, in strong retaliation against China’s decision to restrict exports of rare earth materials essential for high-tech manufacturing. Markets reacted sharply to the announcement, with the S&P 500 index falling 2.7% from the previous day. The news triggered widespread
Total crypto VC funding hit $8 billion in Q3 2025, powered not by hype but by policy stability. The Trump administration’s pro-crypto stance and tokenization’s rise turned regulation from a headwind into alpha. For investors, the shift signals predictable frameworks, institutional exits, and a market no longer ruled by speculation — a structural reset that
Key Takeaways Over $19 billion in leveraged crypto positions were liquidated in 24 hours, marking the largest single-day wipeout in digital asset history. Bitcoin and Ethereum long positions were hardest hit, with over 1.6 million traders affected across major exchanges. Roughly $19 billion in leveraged crypto positions were liquidated following a brutal sell-off that sent
US President Donald Trump reacted strongly to China’s decision to impose export restrictions, announcing that he would impose 100% tariffs on top of existing tariffs and stating that he would not meet with Chinese President Xi Jinping. However, Trump has softened his stance in recent statements. Trump stated today, “The meeting with Xi has not
The Bureau of Labor Statistics (BLS) has rescheduled the release of the September Consumer Price Index (CPI) U.S. inflation data. The proposed BLS CPI release comes amid the ongoing U.S. government shutdown, while the crypto market will be watching this inflation data, as it could influence the FOMC decision.
The Dow tanked nearly 900 points on Friday as markets completely flipped after former President Donald Trump threatened fresh tariffs on Chinese goods, accusing China of acting “very hostile” by tightening exports of rare earth metals. The selloff accelerated into the close. The S&P 500 shed over $1.5 trillion in value. Traders bailed. Portfolios bled.