A Hyperliquid address shorted a basket of tokens, with funding fees totaling $2.275 million in three days

Tether announced plans to launch a serverless, open-source password manager after a massive breach exposed 16 billion online login credentials. Tether CEO Paolo Ardoino announced today that the company is preparing to launch PearPass, a fully local, open-source password manager…

The post Sleepless In Crypto: $900-M Liquidated Amid Bitcoin’s Steep Fall appeared on BitcoinEthereumNews.com. A significant plunge in the crypto market has sent shockwaves across the industry over the last 24 hours, leaving a trail of liquidations in its wake. Around 200,000 traders were forced out of their positions as Bitcoin plunged to a seven-week low, wiping out more than $900 million in liquidations over a single day. According to CoinGlass, most of those losses came from long bets that could not weather the slide. Liquidations Hit Retail Traders Reports have disclosed that a single large sale helped set off the cascade. Selling pressure intensified as a large holder offloaded 24,000 BTC, triggering a wave of liquidations, said Rachael Lucas, a crypto analyst at BTC Markets. On Coinbase, Bitcoin briefly fell below $109,000 — its weakest level since July 9. Market participants felt the shock fast; traders who were long were the ones most exposed. Macro Signals And Market Reaction A recent hint from Federal Reserve Chair Jerome Powell at Jackson Hole about potential interest rate cuts changed how some investors priced risk. Since August 14, when Bitcoin reached an all-time high just over $124,000, the asset has corrected by over 10%. Based on data, the drop since Powell’s speech is about 7%. The single-day move was measured at close to 3% decline for Bitcoin, and total crypto market value slipped back below $4 trillion to about $3.83 trillion as almost $200 billion flowed out of the space. Ether Is Holding Up Ether traded near $4,340 and, for now, looks steadier than Bitcoin. It did fall, but it did not breach last week’s low. Institutional interest in Ether remains a talking point. According to Lucas, institutions continue to focus on Ethereum, even as traders reassess risk across smaller coins. Altcoins Took Bigger Hits Many smaller tokens fell harder than the majors. Solana, Dogecoin, Cardano, Chainlink,…

The post Why Traders Watch Bitcoin Hyper appeared on BitcoinEthereumNews.com. Metaplanet Hits $2B in BTC Holdings: Why Traders Watch Bitcoin Hyper Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Ben is a freelance writer specializing in crypto developments (mainly altcoins) and the intricate ways global economics shape the digital asset space. His B.Ed. in Education provides a unique foundation for his writing, enabling him to distill complex crypto concepts and market shifts into clear, digestible insights. This skill is key to helping readers adapt and apply their understanding to the ever-evolving world of crypto investment. Passionate about making crypto accessible, Ben crafts content designed to educate a broad audience, from current market events to the essential foundational knowledge that underpins them. His goal is to empower readers through understanding. When he’s not immersed in crypto analysis and breaking down complex topics, Ben is an avid Pokémon fan and enjoys all things Disney. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/metaplanet-hits-2b-btc-traders-watching-bitcoin-hyper/