Category: Bitcoin News

Omnichain versions of Tether’s stablecoin USDt (USDT) and Tether Gold (XAUT) are now available on Solana through Legacy Mesh, an interoperability network built on LayerZero that connects native stablecoin liquidity across multiple blockchains; this could position Solana as a competitive settlement layer for onchain finance and real-world assets (RWAs). The deployment of USDT0 and XAUT0 effectively brings Tether’s digital dollar and tokenized gold to Solana, potentially merging stablecoin liquidity with real-world asset use cases. Unlike Tether’s USDT stablecoin, USDT0 is not issued by Tether. Instead, it is part of a…

James Wynn, a pseudonymous high-leverage crypto trader, was liquidated for about $4.8 million on Wednesday, according to blockchain analytics company Lookonchain. Wynn opened up $4.8 million in leveraged positions with $197,000 in stablecoins on Tuesday, Lookonchain reported. “Back with a vengeance, coming to get what’s rightly mine,” Wynn said on Tuesday as he placed his bets. Wynn opened a 40x long position on 34 Bitcoin (BTC), valued at $3.85M, a 10x long on 122,000,000 KingPepe (kPEPE) meme tokens, valued at $917,000, and a 10x position on 712 Hyperliquid (HYPE), valued…

Key takeaways: CME’s futures open interest in the top four cryptocurrencies reached $28.3 billion, surpassing Binance’s $23 billion and Bybit’s $12.2 billion. Despite CME’s lead in open interest, unregulated exchanges still dominate trading volumes, especially in altcoin and perpetual futures. Friday’s cryptocurrency market crash wiped out a record $74 billion in leveraged positions across the industry. Although prices recovered more than half of the losses within a few hours, the damage to futures open interest had already been done. The movement triggered an unexpected shift that could mark the “end…

Key points: Bitcoin’s recovery is facing selling at higher levels, indicating that the bears remain in control. Several altcoins have turned down from their overhead resistance levels, signaling selling on rallies. Bitcoin’s (BTC) recovery is facing selling on rallies, but a positive sign is that the bulls are trying to form a higher low near $109,500. Lower levels are attracting buyers as seen from the net inflows into US spot BTC and Ether exchange-traded funds (ETFs) on Tuesday, following net outflows on Monday. According to SoSoValue data, BTC ETFs recorded…

Key takeaways: Onchain data shows short-term holders are accumulating despite volatility. Technical patterns mirror past Dogecoin bull cycles, hinting at a breakout phase to $1.60 by Q1, 2026.  Dogecoin (DOGE) experienced a steep drop on Oct. 10, with prices plunging to $0.08 from $0.25 in a sudden 66% flash crash. Despite a swift recovery to $0.20, the move wiped out over $365 million in long positions, more than four times the previous yearly high of $89 million in long liquidations. While leveraged markets underwent a massive reset, spot traders could…