Crypto News
$600M Bullish Bets Liquidated as Bitcoin Drops to $115K, DOGE, SOL, XRP Fall 6%
Crypto markets experienced a sharp bout of volatility over the past 24 hours, with more than $630 million in leveraged positions liquidated across exchanges.The bulk of the damage came from longs, which accounted for over $580 million of total liquidations, as traders were caught offside during an abrupt intraday sell-off.Bitcoin (BTC) dropped to $115,200, erasing some of its recent gains but still maintaining a relatively stable posture compared to other majors. Its dominance rose slightly as altcoins bore the brunt of the correction.Ether (ETH) fell to $3,687, while XRP (XRP) retraced under $3 despite strong recent headlines. Solana (SOL) pulled back to $170, and BNB (BNB) eased to $780 after a record run last week that punted it above $855.Coinglass...
Visa Supports More Stablecoins in Push for Scalable Global Blockchain Payments
Visa supercharges the future of finance by expanding stablecoin settlements with new digital assets and blockchains, unlocking a new era of global crypto payments. Visa Broadens Stablecoin Network With Euro Integration and New Blockchain Access Payments giant Visa announced on July 31 that it is extending its stablecoin settlement infrastructure by integrating more digital currenciesSource link
SEC U-Turn Confirmed: Most Crypto Tokens Are Not Securities, Defying Past Claims
In a regulatory pivot, the SEC chair declared most crypto assets fall outside securities laws, unleashing unprecedented momentum for U.S. blockchain innovation and institutional adoption. SEC Chair Declares Most Crypto Assets Are Not Securities in Historic Reversal Crypto investors have long struggled with how digital assets are classified under U.S. law—especially following years of enforcement-drivenSource link
XRP Futures at CME Signal Massive Shift With Record Highs in Volume and Participation
XRP futures are breaking records on CME as institutional investors embrace regulated crypto derivatives with explosive volume and open interest growth. CME Reports Record Growth in XRP Futures With $788M Open Interest XRP futures on the Chicago Mercantile Exchange (CME) have experienced a notable uptick in trading volume and open interest, pointing to growing institutionalSource link
JPMorgan Boss Jamie Dimon Praises Stablecoins, Remains Bitcoin Skeptic
JP Morgan Chase CEO and former crypto critic Jamie Dimon has praised stablecoins but still says he doesn't believe in Bitcoin.Source link