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Crypto Markets Stumble in Lockstep With Wall Street as $2.7T Ecosystem Shudders

Bitcoin and global cryptocurrency markets retreated in tandem with U.S. equity benchmarks on Tuesday, as bearish sentiment gripped financial markets. The digital asset ecosystem contracted by 1.89% over 24 hours,…

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Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards. This stance follows U.S.…

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Hyperliquid Trader’s 40x BTC Short Nears $3.7M Floating Loss as Bitcoin Tests Key Levels

On Monday, following Sunday’s action, the notorious Hyperliquid trader returned with a 40x short bitcoin play carrying a notional value of $524 million at about 2:45 p.m. Eastern Time on…

Continue ReadingHyperliquid Trader’s 40x BTC Short Nears $3.7M Floating Loss as Bitcoin Tests Key Levels