Author: Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
Bitcoin’s sudden price surge past $70,000 triggered over $1.9 billion in total market liquidations, heavily impacting short positions across exchanges.
Hashdex terminated its $14.7 million DEFI Bitcoin ETF, while broader U.S. spot Bitcoin funds logged $189.3 million in net daily inflows.
Bitcoin surged roughly six percent toward $70,000 as the US Treasury doubled liquidity buybacks to $4 billion, lowering bond yields and boosting risk assets.
Prediction market Polymarket reports a 76 percent chance that Bitcoin will trade above $70,000 by the end of the current month.
Bitcoin jumped 5.8% above $69,500 after the US Treasury doubled long-term bond buybacks, wiping out $1.23 billion in short bets.
Ethereum engineering firm Nethermind is leaving its LayerZero verifier role after an extensive review, migrating its cross-chain operations to Chainlink CCIP.
Bitcoin climbed above $68,000 while total market liquidations reached $1.92 billion amid intense price volatility and trading activity across exchanges.
Maya Protocol suspended its network operations after attackers exploited six vulnerabilities, successfully stealing $1.4 million worth of Bitcoin from the platform.
Coinbase’s Base network launched a $100,000 startup accelerator program specifically designed to support and fund artificial intelligence agent projects.
MoneyGram’s CEO announced a new Solana partnership that will grant developers access to half a million retail locations worldwide.