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Bitcoin liquidations spike amid market volatility; price hovers around $62,000

Bitcoin liquidations spike amid market volatility; price hovers around $62,000

Bitcoin long liquidations have spiked above $30 million as the largest digital asset by market cap battles to hold the $62,000 mark.

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U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions

Major stakeholders in the U.S. financial sector, including Citi, JPMorgan, Mastercard, Swift and Deloitte, are teaming up to explore sharing ledger technology by simulating multiasset transactions in dollars.

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The Crypto Lawsuit State of Play

Last month, Ethereum incubator ConsenSys sued the U.S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security. It’s the latest company to follow a growing trend of preemptive litigation against the SEC.

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Spot bitcoin ETFs snap brief inflow streak as GBTC outflows overpower

While every other spot bitcoin ETF had inflows or no flows, GBTC’s significant outflows overpowered the market.

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Crypto Exchange Bitpanda Expands Austrian Presence With Raiffeisen Bank Partnership

Bitpanda’s crypto offering in partnership with Raiffeisen Bank has been extended beyond Vienna to 55 bank branches across Austria

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Lyra Finance Now Lets Liquid Restaking Token Holders Earn Extra Yields From Automated Trade Strategies

LRT holders can tokenize any yield-bearing strategy to generate an annualized percentage yield of 10% to 50%.

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Indonesia Regulator Forms Crypto Committee to Monitor Industry’s Operation, Compliance

The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia.

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Vitalik Buterin proposes EIP-7702 aiming to refine account abstraction on Ethereum

Vitalik Buterin and co-authors proposed EIP-7702 as an alternative to EIP-3074 to refine account abstraction on Ethereum.

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LocalMonero to shut down P2P exchange after seven years of operation

LocalMonero said it is closing down after nearly seven years of operation due to “internal and external factors.”

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Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Plan

Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.

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