Author: John Smith
Bitcoin sank at Asia’s open, triggering leveraged liquidations and a broad crypto selloff as gold rallied and macro uncertainty fueled a sharp, volatile reset. Summary Bitcoin dumped from weekend levels at the Asian open, sparking forced long liquidations and a broad crypto market drawdown. Gold rallied as macro and Fed-policy uncertainty pushed some capital toward traditional safe havens and away from crowded crypto longs. Exchange balances and stablecoin reserves rose, signaling dry powder, but Bitcoin now trades below short-term holders’ cost basis, heightening downside risk. Bitcoin fell sharply at the start of Asian trading on Dec. 1, erasing significant value…
Crypto prices today fell across the board on as thin liquidity, heavy leverage, and more than $600 million in liquidations drove a sharp market pullback. The total crypto market cap dropped 5% to $3.04 trillion, extending last week’s weakness. Bitcoin… Source link
Yearn Finance is dealing with a fresh security breach after an attacker exploited its yETH token contract and drained millions in ETH and liquid staking assets from Balancer pools. Summary The exploit targeted an older yETH contract, allowing the attacker to mint an unlimited supply of tokens and empty the Balancer pool. Around 1,000 ETH moved through Tornado Cash shortly after the attack, with more assets still held across the attacker’s wallets. Yearn confirmed the issue is isolated from its V2 and V3 Vaults and is preparing a detailed report on the incident. The incident unfolded late on Nov. 30…
Upbit will resume digital asset deposits and withdrawals on December 1 at 1:00 PM KST following a $37 million hack that targeted Solana-based assets. The South Korean exchange announced that all existing deposit addresses have been deleted, and users must issue new addresses before depositing funds. The security breach occurred on November 27, 2025, when hackers stole approximately 44.5 billion KRW ($30-36 million USD) from Upbit’s hot wallets. Unlike the 2019 attack which focused on Ethereum (ETH), the latest incident targeted Solana ecosystem tokens including Solana (SOL), USDC, and Bonk (BONK). North Korea’s Lazarus Group is suspected of planning the…
The MSTR stock price rose by over 2% on Friday as Bitcoin held steady above $92,000 and as analysts, including Tom Lee delivered their bullish forecasts. Summary MSTR stock price rebounded as Bitcoin moved above $92,000. Tom Lee maintained his bullish BTC outlook, pointing to a rally to $100k. Technical analysis points to more Strategy stock gains. Strategy rose by 2.25% to $180, bringing its market cap to $50 billion. It remains well below its all-time high of $542. Tom Lee delivers his Bitcoin price prediction Top crypto analysts remain bullish on Bitcoin (BTC) even though it is below its…
Shiba Inu price has plunged by over 65% this year and is hovering near its all-time low as demand for one of the most common meme coins wanes. Summary Shiba Inu price has been in a freefall this year. The developers are working on a major upgrade for the Shibarium network. Technical analysis suggests that SHIB token is about to crash. Shiba Inu (SHIB) dropped to a low of $0.0000080, its lowest level since November 2023. It remains 90% below its all-time high. Shibarium upgrade in 2026 One of the main reasons why the SHIB price has lost momentum is…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world’s central banks have embarked on a central bank digital currency, or CBDC, revolution — but midway through 2025, the results are mixed. Virtually every major economy is exploring CBDCs, rising from 35 countries in 2020 to 134 countries representing 98% of global GDP. Summary Retail CBDCs are stalling while wholesale CBDCs advance: Retail projects show minimal adoption due to redundancy with private payment apps and restrained design choices, while wholesale CBDCs see accelerating pilots with…
Arthur Hayes warned that Tether is running a risky interest rate trade that could threaten USDT solvency if markets move against the stablecoin issuer. Summary Arthur Hayes says a 30% drop in Tether’s BTC and gold could erase its equity. Hayes argues the company’s interest-rate strategy may strain USDT solvency. Tether shuts Uruguay mining as reserves hit $181B dominated by U.S. Treasuries. The BitMEX co-founder analyzed Tether’s latest attestation report and noted that a 30% decline in the company’s Bitcoin and gold holdings would wipe out equity. The stablecoin issuer holds $9.86 billion in Bitcoin and $12.92 billion in precious…
The World Liberty Financial token price has moved sideways in the past few days as whales have dumped it and USD1 stablecoin growth has decelerated. Summary WLFI price has formed an inverse head and shoulders pattern on the eight-hour chart. Whales have continued to dump their WLFI tokens in the past few weeks. The supply of USD1 stablecoins in circulation has dropped, a sign that its growth has lost momentum. World Liberty Financial (WLFI) price was trading at $0.1600, a range it has remained at in the past few days. This price is ~50% above the lowest level this month.…
Pi Network price had a relatively strong performance in November, as it did better than most coins. Summary Pi Network price has remained in a tight range in the past few days. The network will unlock 190 million tokens worth over $46 million in December. The token has formed a symmetrical triangle pattern on the daily chart. Pi Coin (PI) token was trading at $0.2500 today, on Nov. 30, up by nearly 70% from the all-time low. In contrast, other top coins like Bitcoin (BTC) and Ethereum (ETH) slumped to the lowest level in months. Pi Network had numerous catalysts…