befla

Bitcoin flash crash below $68,000 triggers around $400 million in liquidation in under an hour

by
Today’s sudden Bitcoin slide under $68,000 forced a rapid unwind across crypto derivatives markets, erasing nearly $400 million in leveraged positions in one hour as traders who had bet on further gains were caught by the move. Data from CryptoSlate shows that Bitcoin fell more than 5%, dropping from $71,765 to $67,895, its lowest level since … Read more

Why a $150M Polymarket bet could pay the side that appeared to lose

by
A nearly $150 million prediction market has devolved into chaos after the platform Polymarket moved to deny payouts to traders who accurately predicted that corporate treasury firm Strategy would sell a portion of its Bitcoin holdings. The dispute centers on a fundamental disconnect between when an event occurs and when it is publicly disclosed, exposing … Read more

Ripple is bringing its regulated RLUSD stablecoin to MENA’s biggest crypto market

by
Ripple is pushing its dollar-backed stablecoin into Turkey, betting that one of the world’s most active digital-asset markets is ready for a more regulated version of the digital dollars already used to navigate currency weakness and limited access to traditional dollar savings. On June 2, the Brad Garlinghouse-led company announced that its US dollar-pegged stablecoin, … Read more

Banks pushed Congress to kill stablecoin yield with CLARITY Act – Coinbase may have found the loophole

by
For traditional US banks, the CLARITY Act was intended as a firewall that effectively barred crypto companies from offering “passive” interest on stablecoins. The legislation aimed to prevent a catastrophic deposit flight in which everyday checking account balances drain from the banking system into high-yield crypto exchanges. But as lawmakers prepare to finalize the framework, … Read more

SEC Commissioner Challenges Blockchain Oversight Push That Could Shape Crypto Rules

by
SEC Commissioner Hester Peirce challenged broad oversight of blockchain infrastructure, arguing securities rules should not automatically reach neutral networks, open-source code, or noncustodial tools. Her remarks framed crypto regulation around control, custody, and discretion. Why the SEC’s Blockchain Boundary Fight Could Reshape Crypto Rules A June 3 speech from U.S. Securities and Exchange Commission (SEC) … Read more

160 National Security Veterans Back CLARITY Act as Senate Crypto Battle Reaches Critical Stage

by
Pressure over the CLARITY Act is rising as 160 former national security, intelligence, and law enforcement professionals back the crypto market structure bill. The Senate faces growing calls to advance rules tying digital asset oversight to national security. Crypto Rules Debate Intensifies as Senate Faces CLARITY Act Pressure Pressure is rising in Washington over the … Read more

Vitalik wants DeFi price crashes to stop triggering automatic liquidations

by
Vitalik Buterin is challenging one of DeFi’s most familiar safety mechanisms: the automatic liquidation that closes a debt-backed position when collateral falls below the required backing for the loan. In a June 1 Ethereum Research post, Buterin proposed building synthetic, index-tracking assets on top of options, with collateralized debt removed from the base design. The … Read more