A trader closed a 700 bitcoin short position on Tuesday at a $1.94 million loss, erasing all $1.71 million in profits from 11 consecutive winning trades in a single position gone wrong. Key Takeaways: Wallet 0x004e closed a 700 $BTC short on May 5, booking a $1.94M loss on a single trade. The loss erased
ATT Global, a popular Web3 platform for RWA-DePIN integration, has partnered with UXLINK, a social-first Web3 entity. The partnership attempts to link the Web3 social framework with real-world advertising networks. As per ATT Global’s official X announcement, the development focuses on merging its DePIN and RWA-driven advertising framework to unlock robust Web2 traffic via physical
Venture capital heavyweight Andreessen Horowitz (a16z) has launched a $2.2 billion crypto fund, doubling down on blockchain startups amid a surge in venture capital into artificial intelligence. The new vehicle, called ‘Crypto Fund 5,’ will invest in crypto entrepreneurs at all stages, with capital deployed over a decade, according to company’s spokesperson. The firm said
The real world assets narrative has moved beyond speculation and entered execution. Markets no longer discuss possibilities. They now witness real deployment across major chains. This shift signals a turning point for blockchain finance and capital markets. For years, the idea of tokenizing traditional assets stayed theoretical. Builders promised efficiency, accessibility, and yield. However, real
Coinbase announced a 14% reduction in its workforce on Tuesday, a decision CEO Brian Armstrong described as preparation for what he called a “new way of working” built on artificial intelligence—not a defensive reaction to market conditions. In a company-wide email, Armstrong cited two forces behind the move: the persistence of crypto market cycles and
The Bank of Italy has pointed out that the European Union may need to assess the development of a tokenized version of its existing payments framework, signaling a possible shift in how digital transactions are structured across the region. The proposal centers on adapting the Single Euro Payments Area (SEPA) to align with ongoing technological
A new trading trend has emerged for former token traders, exploring the South Korean stock market. The ability to launch contracts and trade any asset has allowed crypto traders to pivot from stagnant or crashing coins and tokens. Former crypto traders moved to the Korea Composite Stock Price Index (KOSPI 200), growing a newly emerging
US President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell, calling him a “disaster for America” and saying interest rates remain too high. The remarks came alongside a social media post showing a figure resembling Powell falling into a dumpster. Trump has pushed for aggressive rate cuts, targeting levels near 1%. The
People often place blame on the most vulnerable, which raises questions about accountability. A recent move by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) brought this issue into focus when it froze about $344 million in $USDT. According to authorities, two wallets linked to illicit activity held the funds. Given the geopolitical tensions