US and Israeli military strikes in Iran triggered a $6.5 million loss for one cryptocurrency prediction market trader. Meanwhile, the attacks generated hundreds of thousands of dollars in profit for others. Iran Bombing Fuels Six Figure gains and $6 Million Loss on Polymarket The financial fallout on the decentralized platform Polymarket underscores the rapid capital
Crypto markets were hit hard and fast today, February 28, as news of U.S. and Israeli strikes on Iran hit the headlines. Among the more notable consequences were plummeting Bitcoin ($BTC) funding rates, which sank more than 140% on the daily chart, as shown by real-time derivatives data on CryptoQuantFInbold retrieved at press time. The
Despite the broad market weakness caused by the repeated price corrections seen across the crypto market, Simon Gerovich, the CEO of Metaplanet, is still confident about institutional long-term conviction in Bitcoin regardless of the current market conditions. On Saturday, Feb. 28, Gerovich declared that the “era of Bitcoin treasuries is quietly spreading,” following the buzzing
Story Highlights Nearly $5 billion in $BTC left major exchange wallets in just 30 minutes during Operation Epic Fury. On-chain data shows the same wallets flagged in October’s $19 billion crash reappeared today. Bitcoin is now 49% below its all-time high, with $60K put positions stacking up on Deribit. Nearly $5 billion in Bitcoin left
Bitcoin fell sharply early Saturday session, dropping to a low of $63,019 as traders considered macro concerns. Over $514 million in crypto positions have been liquidated in the last 24 hours, according to CoinGlass data, with Bitcoin accounting for $193 million. Bitcoin extended an earlier drop on Friday after a report showed U.S. producer prices
Increased geopolitical risk in global markets following US and Israeli military operations against Iran led to sharp fluctuations in cryptocurrency markets over the weekend. During hours when traditional markets were closed, investors turned to tokenized commodities like oil and gold via Hyperliquid, a decentralized exchange offering 24/7 trading. On the platform, oil contracts rose approximately
With a few hours still to go, Bitcoin $BTC$64,111.46 is on track to post its worst losing streak since 2018, with February about to mark a fifth consecutive monthly decline. The run of losses would be the longest since that 2018–2019 bear market and follows what has already been bitcoin’s worst first 50-day start to
Cryptocurrency analysis platform Santiment examined the recent fluctuations in Bitcoin and altcoins in its weekly market review. The market is at a critical juncture with the Jane Street case and the upcoming Clarity Act rulings. The cryptocurrency markets experienced a rather volatile final week of February. According to Santiment data, although Bitcoin ($BTC) challenged the
Paradigm is seeking to raise as much as $1.5 billion for a new fund that would expand its scope into frontier technologies, including artificial intelligence and robotics, according to The Wall Street Journal. The San Francisco-based venture capital firm has built its reputation backing digital asset protocols and web3 infrastructure since its founding by former
Bitcoin is looking to reclaim $64,000 on possible short squeeze after earlier falling to as low as $63,000 following U.S. and Israeli strikes on Iran. At the same time, perpetual futures funding rates dropped to -6%, according to CoinGlass, marking the second lowest level in the past three months. The last time funding was this