befla

Bitcoin’s $60K rebound just collapsed as $427M in long liquidations followed sticky inflation data

by
Bitcoin’s rebound above $60,000 just failed because the bundle of U.S. macro data released June 25 gave risk traders the opposite of clean relief: sticky inflation, firm demand, a stronger growth revision, fewer jobless claims, and resilient ex-transport orders. Bitcoin briefly flash-crashed in a liquidation-driven flush, falling from an intraday high near $61,844 to a … Read more

Russia creates crypto sanctions loophole, but cash-out routes remain ringfenced

by
Russia has turned crypto foreign-trade settlement into a live test of how far sanctions pressure can reach beyond banks. The Bank of Russia says selected exporters and importers may use cryptocurrencies for cross-border settlements under foreign-trade agreements, but only within an experimental legal regime. Moscow has created a state-backed corridor for selected trade payments while … Read more

Why Europe is struggling to give Binance the MiCA license it needs

by
Binance withdrew its MiCA application in Greece after reported resistance and told users the absence of a formal decision before the transition deadline forced it to seek authorization elsewhere. Reports noted that talks with regulators in Ireland and Latvia had also encountered friction, though Binance maintains that Greece was its only formal application. ESMA has … Read more

SpaceX tokenized stock bets top $50M in liquidations as crypto leverage reaches Wall Street

by
SPCX has already turned SpaceX’s post-debut volatility into a crypto-native liquidation event. SpaceX-linked perpetual contracts exceeded $50 million in 48-hour liquidations as the underlying stock tested its $150 Nasdaq opening price, showing how quickly tokenized-stock exposure can shift from an access story to leveraged market plumbing. SPCX perpetual liquidations ranked behind only Bitcoin and Ethereum in … Read more

Saylor’s STRC Bitcoin machine is turning shareholders into its cash backstop – causing a dilution trade-off

by
Strategy (formerly known as MicroStrategy) is discovering that strengthening one part of its increasingly complex balance sheet can expose weaknesses elsewhere. The Bitcoin treasury company spent $1.5 billion in May repurchasing convertible notes, reducing its debt but also draining cash that investors viewed as a backstop for its preferred-stock dividends. Weeks later, its Variable Rate … Read more

Why Bitcoin crashed below $60K as support fails when buyers are needed most

by
Bitcoin’s break below $60,000 on June 24 exposed the market’s timing problem: sellable coins moved closer to exchanges while ETF demand weakened and leveraged traders cut risk. CryptoSlate market data shows Bitcoin trading near $59,340, down 4.05% over 24 hours and 9.03% over seven days. Related Reading America’s Bitcoin buying turns negative as BTC drifts … Read more

America’s Bitcoin buying turns negative as BTC drifts closer to the $57,300 liquidation trap

by
Bitcoin’s sustained price correction is deepening as demand from US investors weakens, leaving the world’s largest cryptocurrency increasingly exposed to leveraged positions clustered below $60,000. According to CryptoSlate’s data, the top crypto traded at $59,800 at press time, down 16% this month. This decline has brought the asset closer to price levels where forced liquidations … Read more