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Crypto traders betting on a rally lose $563 million in liquidations. Ether and bitcoin suffer the most

Crypto traders faced significant losses as $563 million in liquidations occurred, primarily affecting positions in Ether and Bitcoin. The market downturn led to a wave of forced sell-offs, exacerbating the decline in prices for these major cryptocurrencies. Many traders had anticipated a rally, but instead, they were caught off guard by the sudden market shift. The liquidations highlight the volatility and risks associated with trading in the cryptocurrency space.

Read the full article: CoinDesk

Grayscale, VanEck amend US spot BNB ETF filings, stepping closer to a potential launch

Grayscale and VanEck have made amendments to their filings for U.S. spot Bitcoin Exchange-Traded Funds (ETFs), which brings them closer to a potential launch. Both firms are responding to feedback from the U.S. Securities and Exchange Commission (SEC) as they seek approval for their products. The amendments include

WETH markets return to normal operations on Aave amid rsETH recovery progress

WETH markets on the Aave platform have resumed normal operations following a recovery in the price of rsETH. This recovery has alleviated concerns that arose after a significant drop in rsETH's value. Aave's decision to restore WETH markets is seen as a positive development for liquidity

Analysts debate whether Bitcoin is in a ‘sell in May’ bear market setup

Analysts are discussing whether Bitcoin is entering a traditional "sell in May" bear market, a strategy based on historical trends where investors sell off assets in May to avoid potential downturns during the summer months. Current market indicators show mixed signals, with some suggesting a bearish trend while

Yet another crypto bridge falls victim to an $11 million hack

A crypto bridge has been hacked, resulting in a loss of $11 million in digital assets. The attack targeted the bridge's smart contract, exploiting vulnerabilities that allowed the hackers to siphon off funds. This incident marks another significant breach in the decentralized finance (DeFi) sector, raising concerns about

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Grayscale, VanEck amend US spot BNB ETF filings, stepping closer to a potential launch

WETH markets return to normal operations on Aave amid rsETH recovery progress

Analysts debate whether Bitcoin is in a ‘sell in May’ bear market setup

Yet another crypto bridge falls victim to an $11 million hack