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Bitcoin’s BTC$121,533.02 price swoon is marked by a veteran trader placing a bearish bet worth millions of dollars.A bitcoin “OG” placed a leveraged short of 3,600 BTC, valued at $438 million, on the decentralized exchange Hyperliquid during overnight trading, as BTC’s spot price briefly dipped below $120,000, according to blockchain analyst LookOnChain.The liquidation price for the short trade is $139,900. In other words, this is the level at which the position will encounter a margin shortage and risk being forcibly closed by the exchange.The term “OG” (Original Gangster) refers to an entity involved in the bitcoin market since its early…

A back-to-roots trade is emerging as market participants take notice of the privacy corners of the crypto ecosystem, bringing attention back to what dominated much of the 2017-18 bull market cycle.Tokens in the sector are up 15% on average in the past 24 hours, CoinGecko data shows. ZEC$229.92 is up more than 40%, bringing seven gains to over 85% in a run that has made it the best-performing large-cap token in the market.ZEC’s performance is accompanied by upswings in DASH$20.57, XVG$0.005123, DCR$16.27 and TORN$11.13, which are up from 13-35% in the past 24 hours. Privacy smart contract system Railgun’s RAIL…

How did 115 orphaned children end up on their first bus ride to a zoo to celebrate a real-world Bitcoin transaction 15 years ago? It’s a question I found myself asking in disbelief as I coordinated their entrance at the Uganda Wildlife Education Centre — commonly known as the Entebbe Zoo — on Bitcoin Pizza Day, May 22. The morning sun was warm, and the air buzzed with excitement and laughter. Children who had rarely strayed beyond their rural village in Bugiri, Uganda, were now getting off buses, eyes wide at the expectation of giraffes and elephants. Many of these…

Hyperliquid, the on-chain decentralized exchange, has rolled out Based Streams, a livestreaming platform that merges creator content with real-time trading interactions. The new tool allows users to schedule broadcasts, chat live, and overlay their on-chain trades while growing their communities.Donations run via Hypercore, allowing viewers to send Hypercore tokens to streamers directly. At the same time, viewers may earn “Based Gold” just for tuning in. Hyperliquid invites creators and traders alike to try Based Streams, bridging the gap between live content and DeFi-native monetization, which can help audience engagement into yield-driven community experiences.The platform goes live at 12:30 UTC today,…

China stepped up rare earth export controls on Thursday in a rare move that could have widespread implications for global supply chains and both traditional and crypto market sentiment.China’s Ministry of Commerce announced sweeping new export restrictions on rare earth materials, processing technologies and derivative products used in semiconductors, AI systems and defence.The new rules, set to take effect on Dec. 1, will require foreign companies exporting products containing Chinese-origin rare earth elements or related technologies – including those outside China – to obtain a dual-use license from the Ministry of Commerce (MOFCOM).This is a major escalation as China dominates…

Willemstad, Curaçao, October 10th, 2025, Chainwire Whale.io Launches Battlepass Season 3: First Paid Casino Battlepass Offering $77K in Rewards Whale.io, a crypto casino and sportsbook, has announced the release of Battle pass Season 3. As the first online casino to introduce a purchasable Battlepass, Whale.io offers players access to $77,000 in bonuses, cashbacks, and exclusive rewards—surpassing traditional welcome or wagering bonuses in the industry. With 11 ranks, 101 levels, and a cashback system that scales up to 22% cashback, Season 3 provides a structured, rewarding experience for its global community of over 20 million users. Priced at $1.99 or 4,999…

The SEC finally cleared the road to fast-track altcoin ETFs, but a government shutdown may keep applications for a ADA$0.8146 ETF stuck in limbo until 2026 – and bettors on Polymarket are undervaluing that.After scrapping 19b-4 filings and approving “generic listing standards” to fast-track altcoin ETFs, traders are betting 90% odds that ADA’s ETF approval would arrive by year-end 2025. But with a 36% chance of a month-long government shutdown, that 10% “No” side may prove the smarter play as even “absurdly fast” approvals can’t happen when the lights are out.According to the SEC’s contingency plan, only about 390 of…

In brief The Bank of England may exempt crypto-exchanges and other big firms from its proposed £10 million ($13.3 million) limit on stablecoin holdings. The central bank would retain the cap for individuals, who would be limited to holding a maximum of between £10,000 and £20,000 ($13,300 and $26,600). Industry figures believe that the caps should be lifted altogether, since they are impractical and could undermine the growth of the UK’s crypto sector. News that the Bank of England could allow certain exemptions for its planned stablecoin holding cap has been greeted with muted enthusiasm from within the UK crypto…

Financial institutions are quickly waking up to the “debasement trade,” according to commentators, which could be a boon for assets such as gold and Bitcoin. Institutions have a new concept to cling to called the “debasement trade,” which will be the thing that protects them, said entrepreneur Anthony Pompliano in a podcast on Thursday.  It’s the same thing that goldbugs and Bitcoiners have been talking about for years, and now institutions have just realized that “no one is ever going to stop printing money,” he added.“This now feels like there is no longer a debate about this. People realize the dollar and…

HashKey Group, the owner of Hong Kong’s top licensed crypto exchange, has reportedly filed for an initial public offering (IPO) in the city.According to a Friday Bloomberg report citing anonymous sources with knowledge of the matter, HashKey Group could be aiming for a listing in Hong Kong this year. The IPO could raise up to $500 million, according to the sources cited in the report.HashKey is Hong Kong’s top crypto exchange with a 24-hour volume of nearly $117 million at the time of writing, according to CoinGecko data. The exchange’s popularity has also made it a target for scammers.According to…