Nasdaq-listed StablecoinX’s debt restructuring covers $6.879 million of defaulted former-SPAC notes with about $344,000 in cash and two warrant tranches representing approximately 7.62 million potential Class A shares, according to an Aug. 24 regulatory filing. The deal shifts roughly $6.535 million of near-term repayment pressure away from cash and into a claim on future equity.
In brief Crypto-margined Bitcoin futures now make up about 12% of open interest, down from nearly 100% around 2019–2020. Bitcoin rebounded from around $57,000 to a weekly close near $79,175, today up about 1.88%. In the past 24 hours, $570.08 million in positions were liquidated, with shorts hit harder than longs. Bitcoin futures traders have
While uncertainty surrounding the US Federal Reserve’s (FED) monetary policy persists, Boston Fed President Susan Collins has delivered a new interest rate message that is of great interest to the markets. In an article published on the official Boston Fed website, Collins stated that if there is no evidence that inflation is genuinely continuing to
Bitcoin price slipped back below $80,000 after reaching a multi-month high above $81,200, as overbought conditions and resistance near its previous range high prompted traders to take profits. Bitcoin price cools after testing $81,200 According to data from crypto.news, Bitcoin ($BTC) price traded near $79,250 on Aug. 25 after briefly reaching approximately $81,250. The pullback
The recent strong surge in Bitcoin’s price signals the beginning of a new bull run in the market, according to the on-chain analytics platform CryptoQuant. The company noted that its Bitcoin Bull Score indicator rose from 30 to 80 in just one week, marking the fastest market regime change in the past year. According to
POSCO International, South Korea’s largest trading company, is pushing deeper into tokenized trade finance, completing a transaction that turned real-world receivables into digital assets on an Avalanche-based ($AVAX) blockchain network just one month after a similar pilot on Injective. The firm’s U.S. arm worked with trade finance platform Olea and asset-backed finance technology firm Intain
The strong rally in the cryptocurrency market in recent weeks has led to a sharp shift in investor sentiment. The Crypto Fear and Greed Index rose to 81 points, reaching its highest level of the year, pushing market sentiment into the “Extreme Greed” zone. Just a month ago, the index was in the “Fear” zone,
In brief Gold climbed toward $4,700 an ounce Tuesday, reaching its highest level since mid-May. Bitcoin crossed $80,000 for the first time in three months as the dollar weakened. Gold-backed ETFs recorded $3 billion in net inflows in July after two consecutive months of outflows. Gold climbed to a three-month high Tuesday, extending its August
Bitcoin’s price faced fresh volatility on Tuesday, nearly wiping out earlier gains as it dipped below $79,000. The pullback occurred just hours after touching a monthly high of $81,255—a level last seen around May 11. According to market data, bitcoin fell to $78,600 by mid-morning, even as the Crypto Fear and Greed Index held firm
Metaplanet, the Japan-based Bitcoin treasury company, has transferred 1,000 $BTC to Coinbase Prime, according to a report from Bitcoin News. The move, which represents a significant portion of the company’s holdings, has sparked speculation about potential selling. However, Coinbase Prime is not a standard exchange; it is a prime brokerage platform tailored for institutional investors,