BlackRock filed with the SEC for an iShares Nasdaq-100 ETF under the proposed ticker IQQ, directly challenging Invesco’s decades-long control over the index. ETF analyst Eric Balchunas estimated the expense ratio could land near 12 basis points. That would undercut both QQQ at 0.18% and QQQM at 0.15%, setting up one of the biggest ETF
Bitcoin ($BTC) has finally reclaimed $70,000 following a broader crypto market rebound. This recent rally soon triggered $300 million worth of liquidations in short positions across the market in just 24 hours. $300 million crypto market shorts liquidation As disclosed on the CoinGlass liquidation heatmap, the crypto market experienced total liquidations reaching $325 million in
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1968.74, up 3.5% (+66.62) since 4 p.m. ET on Friday. Seventeen of 20 assets are trading higher. Leaders: NEAR (+8.1%) and AVAX (+5.5%). Laggards: BCH (-0.6%) and XLM (-0.3%).
Strategy, a prominent cryptocurrency investment firm, announced it is continuing its Bitcoin purchases. According to the company’s official announcement, a total of 4,871 Bitcoins were purchased recently at an average price of $67,718. Approximately $329.9 million was used for this purchase. The statement indicated that the transactions in question took place between April 1 and
Quantum risk, seen as a major threat to Bitcoin (BTC) and altcoins, continues to be debated, with two differing viewpoints on the subject. Accordingly, while some analysts argue that quantum risk is exaggerated, others state that the danger is real and that quantum resilience needs to be achieved quickly. At this point, popular analyst Willy
Bitcoin reclaimed above the $70,000 psychological level on Monday, testing levels last seen in March. The move caught traders off-guard, especially the naysayers, blowing tens of millions in positions out of the water. Bitcoin Briefly Tests $70,000, Liquidates Over $70 Million Short Positions The move above $70,000 lasted only briefly, with the pioneer crypto trading
China’s tax and financial regulators on Monday urged banks and local authorities to use blockchain and privacy computing to upgrade the “bank-tax interaction” model and expand financing for small businesses. The State Administration of Taxation and National Financial Regulatory Administration said in a joint policy notice that banks and taxpayers should standardize data sharing and
James Wynn, one of crypto’s most closely tracked traders, has been liquidated after shorting Bitcoin ($BTC) on decentralized exchange Hyperliquid. On-chain intelligence firm Arkham Intelligence confirmed the wipeout. Follow us on X to get the latest news as it happens JAMES WYNN: HYPERLIQUIDATED James Wynn has just been liquidated shorting Bitcoin. He once had $100M
SpaceX, OpenAI, and Anthropic are preparing to go public in what would be the largest IPO wave in history, with combined valuations approaching $3 trillion. The three companies are targeting listings within months of each other, raising questions about whether public markets can absorb that much new supply at peak valuations. The $3 Trillion IPO
Bitcoin is trading at $69,230 this morning, up 3.47% in the last 24 hours, after an Axios report confirmed that the US and Iran are in active discussions over a potential 45-day ceasefire, with Pakistan, Egypt, and Turkey serving as mediators. Short sellers absorbed the first hit: $196 million in liquidations in 24 hours, with