Day: December 17, 2025

Hyperliquid sees largest $11M liquidation during $526M market downturn

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Key Takeaways $526 million was liquidated from crypto markets in 24 hours, impacting more than 154,000 traders. The largest single liquidation order was $11 million on Hyperliquid’s HYPE-USD pair. Share this article Crypto markets saw around $526 million in liquidations in the past 24 hours, affecting over 154,000 traders. Long positions accounted for $372 million of the total, while short positions made up $154 million. The largest single liquidation order occurred on Hyperliquid’s HYPE-USD pair, valued at $11 million. The wave of liquidations reflected growing volatility across major crypto assets,…

Brazil’s main stock exchange plans to roll out tokenization platform and stablecoin in 2026

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Key Takeaways Brazil’s main stock exchange B3 will launch a tokenization platform and stablecoin in 2026. The move signals B3’s strategic expansion into blockchain-based digital asset infrastructure. Share this article Brazil’s main stock exchange B3 plans to roll out a stablecoin and a tokenized depository next year, said Luiz Masagão, VP of Products and Clients, at B3 Day 2025. B3 will use its stablecoin and depository as pillars of a unified tokenized asset strategy. The platform will integrate with traditional systems so transactions can move across both environments. “The great…

Coinbase To Launch Stock Trading, Prediction Markets

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Coinbase is launching stock trading and prediction markets as the crypto exchange looks beyond digital assets to chase its ambition of creating an “everything app.” Coinbase head of consumer and business products, Max Branzburg, announced at the company’s year-end conference that “stock trading is now available on Coinbase.” “This is a major milestone in our plan to enable 24/7 trading of stocks and ETFs from anywhere in the world, powered by crypto,” he said. Stock trading. Rolling out on Coinbase in the U.S. pic.twitter.com/tTcjpvVyXc — Coinbase 🛡️ (@coinbase) December 17,…

The FTX Trial’s Key Witness Is Already Leaving Prison

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During the 2023 trial, Ellison delivered damning testimony, describing lies, reckless borrowing and the secret misuse of FTX customer funds. Caroline Ellison, the former chief executive of Alameda Research and a central figure in the downfall of Sam Bankman-Fried’s crypto empire, has been quietly moved out of a federal prison facility after serving roughly 11 months of a two-year sentence. The 31-year-old was transferred on October 16 from the low-security Federal Correctional Institution in Danbury, Connecticut, to community confinement. From Star Witness to Home Confinement According to Business Insider,…

Coinbase Gets Nod from Indian Regulators to Acquire CoinDCX Stake

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The Competition Commission of India, the regulatory body responsible for promoting fair competition in the country, has approved Coinbase acquiring a minority stake in cryptocurrency platform CoinDCX. In a Tuesday notice, the regulator said it had approved Coinbase Global’s minority stake acquisition in DCX Global Limited, the company behind CoinDCX. Coinbase chief legal officer Paul Grewal confirmed the news in a Wednesday X post, saying it deepened the exchange’s “long-term partnership with one of India’s most established and trusted digital asset platforms.” Source: Paul Grewal Neither the regulatory announcement nor…

Jito Foundation Returns to US After Regultory Sea Change

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The Jito Foundation, the nonprofit organization facilitating the development of the Jito platform, said it will return to the United States, citing “clearer rules” for digital assets in the country. Jito is a maximal extractable value (MEV) infrastructure builder for the Solana network. MEV refers to the profit that traders or validators can make by controlling the order, inclusion or exclusion of transactions in a blockchain block. By rearranging transactions before they are confirmed, MEV participants can capitalize on opportunities such as arbitrage or front-running to earn extra fees on…

How Low Can BTC Go After Latest Rejection at $90K?

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After failing to reclaim key resistance zones, Bitcoin continues to show weakness across multiple timeframes. The market remains under pressure as buyers struggle to step in with strength, while broader sentiment and derivatives data hint at further downside risk in the short term. Technical Analysis By Shayan The Daily Chart On the daily chart, BTC remains locked inside a well-defined descending channel. The recent rejection near the channel’s higher boundary, around the $90K mark, confirms continued bearish control. The asset is now hovering around $87K, with the 200-day and 100-day…

Bitcoin $70K Sell-off Will Recharge Bull Market

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Bitcoin’s (BTC) recent price weakness has revived investors’ concerns of a deeper downturn, but several market analysts argue that an extended correction may be more constructive over the longer term. Key takeaways: Analysts say Bitcoin’s downside risk is centered around $65,000 to $75,000. A potential three-day bullish divergence is forming, a setup that could align with a local bottom once momentum stabilizes. Supply rotation and oversold conditions define BTC’s current price action Crypto trader Jackis said that the current move is a macroeconomic range for 2025, noting that even a…

Acting CFTC Chair to Join MoonPay after Leaving Agency

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Caroline Pham, the acting chair of the US Commodity Futures Trading Commission, will leave the financial regulator to join MoonPay, following the Senate confirmation of her successor. In a Wednesday X post, MoonPay confirmed reports that Pham would join its team as a chief legal and administrative officer. She became acting chair in January amid the changeover in presidential administrations and has been the sole Republican commissioner at the CFTC for months, following the end of other leaders’ terms and resignations.  Pham said in May that she planned to leave…

Ex-Alameda CEO Won’t be Spending the Holidays in Federal Prison

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Caroline Ellison, the former CEO of Alameda Research who pleaded guilty to charges related to her role in the collapse of cryptocurrency exchange FTX, has been transferred out of the Federal Correctional Institution (FCI) in Danbury, Connecticut, where she spent the past few months serving her two-year sentence.  According to Federal Bureau of Prisons records as of Wednesday, Ellison was located at a Residential Reentry Management field office in New York City, marking the first change in housing since she reported to FCI Danbury in November 2024. The former Alameda…