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Crypto market sees over $1.1 billion liquidated in 24 hours
The crypto market wiped out over $1.1 billion in trader positions in just 24 hours. Both long and short traders took heavy losses, but long positions accounted for the bulk of the liquidation. A massive $1.03 billion came from longs, while shorts saw $155.02 million erased. The liquidation frenzy wasn’t limited to one or two […]Cryptopolitan
Thu, Dec 19
Ark Invest sells $3.9m worth of Coinbase – Why is Cathie Wood offloading COIN shares?
Ark Invest unloaded over $3 million worth of Coinbase shares from the ARKF ETF. The sale occurred after Coinbase recorded a 10% decline after Jerome Powell’s speech. According to the firm, the move aims to rebalance its fund weightings. Cathie Wood’s investment manager, ARK Invest, sold over 13,700 shares of crypto exchange Coinbase(COIN) on December […]Cryptopolitan
Thu, Dec 19
Wall Street rebounds after intense sell-off – What’s holding Bitcoin?
Wall Street is bouncing back after a catastrophic day that left traders reeling. On December 18, U.S. markets faced a sell-off that slashed billions in value. The Dow Jones, S&P 500, and Nasdaq all suffered massive losses as investors reacted to a hawkish Federal Reserve announcing fewer interest rate cuts in 2025. Today, markets are […]Cryptopolitan
Thu, Dec 19
Hawk Tuah girl, Hailey Welch, sued over the memecoin collapse
Haliey Welch’s crypto controversy is far from over. Investors have refused to suffer any more celebrity losses. The Ha Hawk Tuah girl has been sued together with those behind the launch after it infamously lost most of its value in one day. Recent court filings acquired by multiple media outlets, including TMZ, reveal that investors […]Cryptopolitan
Thu, Dec 19
UK court finds Craig Wright in contempt for violating order, sentences him to one year in prison
A UK court found Dr Craig Wright, the Australian computer scientist who falsely claimed to be Bitcoin creator Satoshi Nakamoto, in contempt and sentenced him to one year in prison. This follows a lawsuit against him by the Crypto Open Patent Alliance (COPA). COPA has accused Wright of flouting the July 2024 court order that […]Cryptopolitan
Thu, Dec 19
Bitcoin company Hut8 acquires another 990 BTC for strategic reserve
Hut8 is the latest buyer of BTC at market prices for boosting its strategic reserve. The mining company has one of the lowest costs for acquiring BTC from self-mining, planning to use the coins for financial strategies to boost data center expansion.Cryptopolitan
Thu, Dec 19
El Salvador plans to ramp up Bitcoin purchases next year for its strategic reserve
El Salvador has announced plans to increase Bitcoin purchases for its national reserve starting next year. This comes just after the country secured a $1.4 billion loan agreement with the International Monetary Fund (IMF). The deal forces El Salvador to scale back its Bitcoin policies, but the administration isn’t backing down on its commitment to […]Cryptopolitan
Thu, Dec 19
The Open Platform (TOP) officially launches TON’s Space self-custody wallet
Today, The Open Platform (TOP) has officially introduced the TON Space custodial wallet. The launch comes one month after Andrew Rogozov, CEO of TOP, announced new updates at the Gateway event in Dubai. The launch signifies the conclusion of the beta development phase and the subsequent incremental introduction of the new self-custodial wallet platform. According […]Cryptopolitan
Thu, Dec 19
President Trump calls on Congress to abolish US debt ceiling
President Donald Trump has called on Congress to abolish the U.S. debt ceiling entirely, describing it as a meaningless psychological tool that serves no practical purpose. In a recent interview, Trump made it clear he’s ready to “lead the charge” if lawmakers agree to eliminate the borrowing limit, which currently caps how much money the […]Cryptopolitan
Thu, Dec 19
Investors only have themselves to blame; Jerome Powell steals the joy of Christmas
Federal Reserve Chair Jerome Powell released his statement on Wednesday shortly after the Fed released its decision to cut interest rates. The chair highlighted the Fed will evaluate progress on inflation before making further cuts in 2025. Fed Chair Jerome Powell raised investors’ eyebrows in his statement after the Fed announced further interest rate reductions. […]Cryptopolitan
Thu, Dec 19
North Korean hackers stole more crypto this year than ever before
North Korea’s state-backed hackers shattered records in 2024, stealing $1.34 billion worth of crypto in just 47 attacks. That’s more than double the $660.5 million they swiped across 20 incidents in 2023, according to a new Chainalysis report. These digital thieves now account for 61% of all crypto stolen globally this year, cementing Pyongyang’s place […]Cryptopolitan
Thu, Dec 19
Michael Saylor interview with Tom Bilyeu on Impact Theory – Why Bitcoin at $13 million is inevitable
Michael Saylor, the executive chairman of MicroStrategy, remains as ambitious as ever. This is despite the fact that he has forfeited his voting rights. During a recent interview on Tom Bilyeu’s Impact Theory, he reaffirmed his assertion from the Bitcoin 2024 conference in Nashville that Bitcoin would ultimately be valued at $13 million. Around the […]Cryptopolitan
Thu, Dec 19
Russia says almost all trade with India and China is now in national currencies
Russia has confirmed it’s still ditching the dollar for good in its trade with two of its biggest partners, China and India. President Vlad Putin says over 90% of its trade with China is now settled in national currencies—primarily rubles and yuan—while more than 50% of trade with India also bypasses the dollar entirely. When […]Cryptopolitan
Thu, Dec 19
Crypto.com appoints Mohammed Al Hakim to oversee its UAE operations
Crypto.com, one of the top 10 crypto exchanges globally has appointed, a previous employee of UAE’s Ministry of Human Resources and Emiratization, as President of its UAE operation. Mr. Mohammed Al Hakim, a UAE national, will be responsible for business development, strategic partnerships, and financial innovation, given that the UAE is a critical market for […]Cryptopolitan
Thu, Dec 19
