Crypto News
Bitcoin, Ether, Dogecoin Surge Spurs $500M in Short Liquidations
Futures bets against higher crypto prices lost over $500 million in the past 24 hours as a surge higher, buoyed by a possible cooldown of China tariffs by the U.S., led to the largest short liquidations since October.Bitcoin (BTC) rose from Tuesday’s low of $88,000 to above $93,500 in Asian morning hours, data shows, leading a jump in the broader market with ether (ETH), Cardano’s ADA and dogecoin (DOGE) up 14%. Solana’s SOL and XRP rose 7%, with all tokens in the top hundred by market cap in the green.Meanwhile, Sui Network’s SUI, UniSwap’s UNI and Near Protocol’s showed strength with gains of as much as 18%. Memecoin mog (MOG) rocketed 30%, continued its tendency to act as a beta...
Battle Derby Blends Racing, MOBA, and Web3 in One Frenzied Free-to-Play Arena
Mario Kart on-chain with rocket launchers — that’s Battle Derby. Race, strategize, and earn in this fast-paced Web3 thrill ride. Regina’s Web3 Gaming Odyssey: Episode 24 From high-stakes battlegrounds to zany, car-fueled chaos! Welcome to a Web3 racing shooter that’s redefining competitive gameplay with style and speed. This game throws you into heart-pounding derby matchesSource link
U.S. Commerce Secretary Lutnick’s Son Teams Up With Tether, SoftBank for $3B Bitcoin SPAC: FT
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of Cantor Fitzgerald, is launching a listed bitcoin investment vehicle backed by SoftBank, Tether, and Bitfinex, the Financial Times first reported.The special purpose acquisition company (SPAC), dubbed Cantor Equity Partners, raised $200 million in January and will help form a new firm, 21 Capital, seeded with $3 billion in bitcoin (BTC) from the crypto heavyweights. The deal mirrors MicroStrategy’s bitcoin proxy model and would convert the BTC into equity at a valuation of $85,000 per coin.Cantor Fitzgerald is one of Tether's custodians, holding the majority of its U.S. Treasuries. Howard Lutnick, however, has softened his stance on Tether's liquidity while testifying before the Senate after initially saying the stablecoin...
SEC Sues Crypto Executive Over Alleged $198 Million Scheme
The SEC alleged PGI Global sold “membership packages” as unregistered securities amounting to $198 million.Source link
Cantor, Softbank and Tether Build $3B Bitcoin Buying Vehicle: FT
Financial Times reports Cantor Fitzgerald, Softbank and Tether are putting the finishing touches on a $3 billion bitcoin acquisition vehicle aimed at harnessing the cryptocurrency’s renewed vitality under the Trump administration. FT Sources Detail Trio’s Push to Corner Bitcoin Spearheaded by Brandon Lutnick—son of U.S. Commerce Secretary Howard Lutnick—the project seeks to echo Strategy’s (formerlySource link