Short sellers took the bulk of the damage, with zcash alone accounting for $56 million of forced closures.
On-chain · Chain Infrastructure
JSON feed →Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm disclosed a stake.
Zcash rose about 20% in 24 hours as Paradigm co-founder Matt Huang disclosed that the firm invested in ZEC amid a broader crypto market rally.
Bitcoin climbed above $80,000 in early September despite declining odds of the legislation passing this year, Hougan noted.
Revolut says it received no direct contact despite separate ransom demands for $3 million in Monero and 10,000 Bitcoin from competing breach claimants.
Bitcoin corporate treasuries remained at an unrealized loss on their holdings as the price fell below $80,000 and fresh capital inflows dwindled.
Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.
The update expands support for automated payments in XRP and RLUSD, with tools that let agents pay repeatedly for services and manage wallets across blockchains.
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
The Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly $490 million, during the March 2020 market crash.
Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to bitcoin.
Bitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of the year.
A House committee advanced a bill to create a strategic bitcoin reserve, which would codify Trump's plan for permanent bitcoin holdings.
The legislation seeks to codify Trump’s Bitcoin reserve policy, locking up Bitcoin acquired through civil and criminal forfeiture for 20 years.
Digital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market structure bill before the current Congress ends.
Bitcoin and ether whipsawed as the Federal Reserve delivered its first rate hike in more than three years.
The FCA’s new guidance outlines which crypto activities may require authorization as firms prepare for the UK’s incoming digital asset regulatory regime.
The group gave Revolut 24 hours to pay and said it targeted customers with significant crypto holdings. Revolut said it has not not received any direct contact from the individuals.
CFTC Chair Mike Selig said his agency is "locked in and ready to ship its rules for the new frontier of finance."
A bipartisan House committee vote advanced legislation that would reshape federal tax rules for stablecoins, staking, crypto lending and digital asset transactions.
The estate is chasing 6,360 BTC lost in the Covid crash — a leveraged long position that sits awkwardly with the lender's delta-neutral marketing.
The House Ways and Means Committee voted to advance crypto tax legislation, sending it to the House to consider.
Aave founder Stani Kulechov sees an 'Uber path' for DeFi if U.S. crypto legislation stalls, he told The Starting Block.
The Clarity Act is "not fully dead," but the window for passing the crypto bill this year is now "extremely narrow," JPMorgan said.
The Digital Asset Tax Certainty Act would ease complicated tax burdens for everyday use of cryptocurrencies, though Trump's industry ties spurred some pushback.
Anchorage Digital Bank added custody support for Etherlink and several Etherlink-based assets, including xU3O8, a token representing physical uranium.
Bitcoin price support materialized around $68,000 as markets saw a 93% chance of the Fed hiking rates by 0.25% on Wednesday.
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